Economy in Brief

• Pending home sales rise to three-month high. • Improvement spread throughout the country. The National Association of Realtors (NAR) reported that pending home sales surged 44.3% during May to the highest level since February. [...]

Stimulus polices in the EMU have finally taken hold among financial variables and both money and credit measures are growing faster- much faster. Will actual economic stimulus result from this? EMU money supply (M2) has progressed [...]

• Spending rebound follows two sharp monthly declines. • Personal income drop reflects lessened government support. • Price inflation is minimal. Personal consumption expenditures increased 8.2% during May (-9.3% y/y) following [...]

In June, U.K. current sales metrics improved across the board. However, expectations for July largely worsened or held to extremely weak readings. These data on trend couple with new information on the virus accelerating its presence [...]

• • • The advance estimate of the U.S. trade deficit in goods grew to $69.67 billion in April..... The advance international trade data can be found in Haver's USECON database. The expectation figure is from the Action Economics [...]

• State initial jobless claims decreased to a still extremely-elevated 1.480 million in the week ending June 20. • Federal Pandemic Unemployment Assistance new filers at 728.120. • Continuing claim for state programs declined to 19.5 [...]

• State initial jobless claims decreased to a still extremely-elevated 1.480 million in the week ending June 20. • Federal Pandemic Unemployment Assistance new filers at 728.120. • Continuing claim for state programs declined to 19.5 [...]

In June, U.K. current sales metrics improved across the board. However, expectations for July largely worsened or held to extremely weak readings. These data on trend couple with new information on the virus accelerating its presence [...]