Economy in Brief: 2019

The pump price for a gallon of regular gasoline in the U.S. declined to $2.69 (-5.8% y/y) last week, the lowest price in six weeks. Haver Analytics calculates a series which is adjusted for the seasonal variation in gasoline pump [...]

The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) declined to 53.7 during July from 55.1 in June. It was the lowest level since August 2016. The Action Economics Forecast Survey [...]

Manufacturers' rrders declined a greater-than-expected 0.7% (-1.2% year-on-year) in May......... All these factory sector figures and West Texas intermediate oil prices are available in Haver's USECON database. Factory Sector (% chg) [...]

Job growth eased during July. Nonfarm payrolls increased 164,000 (1.5% y/y) last month following a 193,000 June rise, revised from 224,000. May's increase also was revised lower to 62,000 from 72,000. So far this year, payrolls have [...]

The U.S. trade deficit in goods and services decreased ever so slightly in June to $55.2 billion from May's $55.3 billion; that month's result was revised marginally from $55.5 billion. The consensus expectation from the Action [...]

The U.S. trade deficit in goods and services decreased ever so slightly in June to $55.2 billion from May's $55.3 billion; that month's result was revised marginally from $55.5 billion. The consensus expectation from the Action [...]

Manufacturers' orders rose 0.6% (-1.2% year-on-year) in June following declines in each of the previous two months. Orders fell 1.2% m/m in April and 1.3% m/m in May. The Action Economics Forecast survey looked for a 0.6% increase. [...]

Job growth eased during July. Nonfarm payrolls increased 164,000 (1.5% y/y) last month following a 193,000 June rise, revised from 224,000. May's increase also was revised lower to 62,000 from 72,000. So far this year, payrolls have [...]