Economy in Brief: 2019

Industrial production rebounded in November, rising 1.1% m/m (-0.8% y/y) after having fallen a downwardly revised 0.9% m/m in October and 0.4% m/m in September. The Action Economics Forecast Survey had looked for a 0.8% m/m rise. [...]

Car registrations in Europe show somewhat mixed trends in November. Year-over-year sales are rising for three months in a row in this highly volatile and hard to seasonally adjust series. But the recent months' trends are much more [...]

Europe's trade trend this month but is it sustainable? Two aspects of the EMU trade trend are notable. One is that exports are accelerating. And export acceleration applies to manufactured exports and pretty-much to nonmanufacturing [...]

In the week ended December 16, retail gasoline prices edged down to $2.54 per gallon (+7.0% y/y) from $2.56 per gallon in the previous week. Typically, gasoline prices weaken at this time of year so Haver Analytics adjusts prices for [...]

Industrial production fell a more-than-expected 0.8% m/m (-1.1% y/y) in October 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 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 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 [...]