Economy in Brief

Fueled by low interest rates and a strong job market, new home building strengthened during December. Housing starts jumped 16.9% (40.8% y/y) to 1.608 million (AR) from November's 1.375 million...... The housing starts and permits [...]

Industrial production rebounded in November, rising 1.1% m/m (-0.8% y/y)..... Industrial production and capacity data are included in Haver's USECON database. Additional detail on production and capacity can be found in the IP [...]

• • Industrial production rebounded in November, rising 1.1% m/m (-0.8% y/y).... Industrial production and capacity data are included in Haver's USECON database. Additional detail on production and capacity can be found in the IP [...]

The EMU current account surplus fell to 33.94 billion euros in November from 35.76 billion euros in October. Year-on-year the current account surplus is slightly larger and the November total is also above the 12-month average. The [...]

The Bureau of Labor Statistics reported that the total job openings rate declined to 4.3% during November from an unrevised 4.6% in October. It remained below the 4.8% record high in January. The job openings rate is the job openings [...]

• Industrial production declined 0.3% in December on a weather-driven drop in utility output. • Manufacturing output rises 0.2% as a 4.6% contraction in vehicles is offset by gains in other durables as well as nondurables. • Capacity [...]

The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability Index edged up 0.3% m/m (13.9% y/y) to 163.8 in November from 163.3 in October. This was the fifth monthly increase in the past six [...]

Fueled by low interest rates and a strong job market, new home building strengthened during December. Housing starts jumped 16.9% (40.8% y/y) to 1.608 million (AR) from November's 1.375 million, revised from 1.365 million. It was the [...]