Economy in Brief: 2020

• Nonrevolving borrowing usage jumps again. • Charge card balances shrink. Consumers are spending more on credit. Consumer credit outstanding increased $9.0 billion during June following a $14.4 billion May decline, revised from [...]

• Nonrevolving borrowing usage jumps again. • Charge card balances shrink. Consumers are spending more on credit. Consumer credit outstanding increased $9.0 billion during June following a $14.4 billion May decline, revised from [...]

June provides the last observation to complete second quarter data. With that, all full Q2 gauges show extreme weakness. However, IP also clocks improvement and mostly two-months-in-a-row of improvement in June and May- that is two- [...]

• Rise in jobs slows after bounce-back from coronavirus outbreak. • Earnings improve modestly. • Unemployment rate declines to four-month low. The labor market continues to improve. Nonfarm payroll employment increased 1.763 million [...]

• Wholesale inventory-to-sales ratio falls to 1.38 in June. • Inventories declined 1.4% while sales jumped 8.8%. • Inventory swings can have a meaningful impact on GDP. However, while large, the Q2 inventory contribution was small [...]

• Rise in jobs slows after recovering from coronavirus outbreak. • Earnings improve modestly. • Unemployment rate declines to four-month low. The labor market continues to improve. Nonfarm payroll employment increased 1.763 million in [...]

• Rise in jobs slows after recovering from coronavirus outbreak. • Earnings improve modestly. • Unemployment rate declines to four-month low. The labor market continues to improve. Nonfarm payroll employment increased 1.763 million in [...]

German orders made a spectacular comeback in June, rising by 27.9% on the back of a 10.4% gain in May. Orders had fallen in February (-1.2%), March (-15.0%) and April (-26.1%) as the coronavirus began to dog Europe. Sequential order [...]