Economy in Brief

Activity in the manufacturing is declining. The ISM manufacturing index fell to 49.1 during August from 51.2 in July. It was the lowest level since January 2016 and was below the expansion peak of 60.8 last August. The Action [...]

The Chicago Business Barometer fell to 44.4 during July... The MNI Chicago Report is produced by MNI in partnership with ISM-Chicago. The survey covers a sample of over 200 purchasing professionals in the Chicago area with a monthly [...]

Personal income increased 0.4% (4.9% y/y) during June ......... Personal consumption expenditures increased 0.3% during June........... The personal income and consumption figures are available in Haver's USECON database with detail [...]

The Chicago Business Barometer rebounded to 50.4 in August from 44.4 during July, putting the index back above the 50% breakeven between growth and decline. This was stronger than the consensus in the Action Economics Forecast Survey, [...]

EMU inflation is subdued in August on the heels of flat headline and core prices in July. The headline HICP rose by 0.1% in August while the core rate was flat for the second month in a row. Despite clear weakness in prices, a [...]

Personal income increased 0.4% (4.9% y/y) during June ......... Personal consumption expenditures increased 0.3% during June........... The personal income and consumption figures are available in Haver's USECON database with detail [...]

Personal income edged up 0.1% (4.6% year-on-year) in July after an upwardly-revised 0.5% gain in June (was 0.4%). The Action Economics Forecast Survey expected 0.3%. Employee compensation grew 0.2% (5.0% y/y), transfers were up a [...]

Gross domestic product, adjusted for price inflation, increased 2.0% q/q saar in 2019 Q2, revised down modestly from the initially reported 2.1%. This represents a slowdown from the 3.1% q/q increase in Q1. Compared with a year ago, [...]