Economy in Brief

The Empire State Manufacturing Index of General Business Conditions edged down to 2.9 in November from 4.0 in October. An increase to 5.0 had been expected by the Action Economics Forecast Survey. This means that activity continued to [...]

PMIs continue to strike a weak note. In December, manufacturing flash PMIs are overwhelmingly weak and registering contraction. Service sector gauges are weak across the board and show declines episodically in December. The queue [...]

The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo strengthened during December. The index rose to 76, up 7.0% m/m and by roughly one-third y/y. The index was the highest level for the [...]

The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo strengthened during December. The index rose to 76, up 7.0% m/m and by roughly one-third y/y. The index was the highest level for the [...]

Factory sector activity in New York remains tepid. The Empire State Manufacturing Index of General Business Conditions rose slightly to 3.5 in December from November's 2.9. The index has been fairly steady since June. An increase to [...]

PREVIOUS>>>Import prices fell a greater-than-expected 0.5% during October (-3.0% year-on-year... Export prices ticked down 0.1% in October (-2.2% y/y), following an unrevised 0.2% decline in September The import and export price [...]

Import prices fell a greater-than-expected 0.5% during October (-3.0% year-on-year.... Export prices ticked down 0.1% in October (-2.2% y/y), following an unrevised 0.2% decline in September The import and export price series can be [...]

Total business inventories increased 0.2% (3.1% y/y) during October following a 0.1% September dip, revised from 0.0%. Total business sales eased 0.1% both m/m and y/y after a 0.4% September decline, revised from -0.2%. The inventory- [...]