Economy in Brief

The National Association for Business Economics expects 1.8% growth in real GDP during 2020 and 2.3% in 2019, revised from 2.1% and 2.6%, respectively, in the prior forecast. Both of these growth rates are below the 2.9% gain in 2018. [...]

The British Chambers of Commerce (BCC) quarterly economic survey shows weakness in both manufacturing and services with manufacturing leading the way lower as was expected to with trade as the likely active operational factor. But is [...]

Job growth moderated recently. Nonfarm payrolls increased 136,000 (1.4% y/y) during September following a 168,000 August rise, revised from 130,000. July's increase also was revised higher to 166,000 from 159,000. A 145,000 September [...]

The U.S. trade deficit in goods and services widened a bit more than expected to $54.9 billion in August from an unrevised $54.0 billion in July. The Action Economics Forecast Survey anticipated $54.6 billion. Exports rose by 0.2% [...]

Job growth moderated recently. Nonfarm payrolls increased 136,000 (1.4% y/y) during September following a 168,000 August rise, revised from 130,000. July's increase also was revised higher to 166,000 from 159,000. A 145,000 September [...]

Factory orders improved 0.3% (-1.2% y/y) during October....... The factory sector figures are available in Haver's USECON database. The expectation figure is in the AS1REPNA database. Factory Sector (% chg) - NAICS Classification Nov [...]

The good news - and there has not been enough of that these days - is that in EMU consumer spending trends are holding up nicely. Spending trends are generally neither accelerating steadily nor decelerating steadily in the EMU. But [...]

Factory sector activity has been under pressure. Manufacturers' orders slipped 0.1% during August (-1.9% y/y) following an unrevised 1.4% increase during July. The Action Economics Forecast survey expected a 0.5% decline. Durable [...]