Economy in Brief

Total housing starts dropped 11.2% (-10.9% year-on-year) during December to a 1.078 million annual rate (AR), its lowest level in 27 months (this report was delayed as a result of the government shutdown). December starts were [...]

The ifo detail this month comes as the headline indices have more or less paused for a month at low reading levels. As we saw in the advance ifo report business expectations for 6-months ahead stand in their lower 24th percentile, a [...]

The Federal Reserve Bank of Dallas reported in its Texas Manufacturing Outlook Survey that the General Business Activity Index jumped to 13.1 in February from 1.0 in January. The index had fallen to a two-and-a-half year low of -5.1 [...]

We present the diffusion readings to summarize the German ifo index. The table also looks at two separate rankings of the ifo results. One ranks the index (diffusion reading) since 2014, the second ranks the standing over a longer [...]

The National Association of Realtors reported that sales of existing homes fell a greater-than-expected 1.2% in January (-8.5% year-on-year) to 4.940 million units (SAAR). This was the lowest reading since a regulatory-change-driven [...]

New orders for durable goods increased 1.2% (3.5% year-on-year) during December following an upwardly-revised 1.0% gain in November (this report was delayed as a result of the government shutdown). A 1.7% increase had been expected in [...]

The Philadelphia Federal Reserve reported manufacturing conditions weakened considerably in February with its General Factory Sector Business Conditions Index falling to -4.1 from 17.0 in January. This was the first reading below the [...]

The data rankings since January of 2015 show extremely weak readings for EMU, for Germany, for France and for Japan (MFG). On this time line the Markit manufacturing PMIs has percentile standings at or below their respective medians [...]