Economy in Brief: July 2019

The EMU current account and trade accounts widened as merchandise exports rose and imports contracted. Services account income flows rose to create a larger net inflow while current transfers and outflow item diminished. Both accounts [...]

The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) was fairly steady during the last four weeks, rising 0.3% as activity in the industrial sector improved. The price index [...]

Initial claims for unemployment insurance decreased 13,000 to 209,000 (-1.4% year-on-year) during the week ending July 6...... Continuing claims for unemployment insurance increased 27,000 to 1.723 million (-1.3% y/y) in the week [...]

Japan sits in a position where it risks being collateral damage in a U.S.-China trade war. It could also be a beneficiary, but that seems less likely. As the trade war ‘disrupts' supply chains that run through China, a number of firms [...]

The Conference Board's Composite Index of Leading Economic Indicators fell 0.3% (+1.6% y/y) during June following unrevised stability in May. It was the first decline in six months. A 0.1% uptick had been expected in the Action [...]

The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index increased to 21.8 in July after June's decline to 0.3. It was the highest index level in twelve months. A reading of 5.0 had [...]

Initial claims for unemployment insurance increased 8,000 to 216,000 (1.9% year-on-year) during the week ending July 13 from a slightly downwardly-revised reading of 208,000 in the previous week (was 209,000). The previous week [...]

The slowdown in European vehicle registrations continues. June marks the second monthly decline in registrations in a row with a 7.9% drop. While shorter term growth rates are positive, the year-on-year pace is -6.2%. On three-month [...]