Economy in Brief

While attention is riveted on trade wars and manufacturing sector results, the global service sector has been gradually losing momentum. And while it has not slipped by unnoticed, the geopolitical scene is worsening importantly as [...]

Manufacturers' orders jumped 2.3% (10.0% year-on-year) in August, following an upwardly revised 0.5% decline in July. Manufacturing shipments rose 0.5% (7.8% y/y), the 14 consecutive monthly increase. Orders in the volatile durable [...]

Initial claims for unemployment insurance declined to 207,000 (-18.5% y/y) during the week ended September 29 from 215,000 in the prior week, which was revised up by 1,000. The Action Economics Forecast Survey looked to a smaller [...]

The Mortgage Bankers Association reported that its total Mortgage Applications Index rose 2.9% last week .......... The survey covers over 75% of all U.S. retail residential mortgage applications and has been conducted weekly since [...]

The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) jumped up to 61.6 in September from 58.5 during August. This is the second highest reading in the history of the series dating back [...]

The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 163,000 during August (1.8% y/y) following a 217,000 July gain........... The ADP National Employment Report data can be found in Haver's [...]

The EMU manufacturing PMI sketches out a path that is a clear reminder of that old economic adage ‘what goes up must come down.’ It is not clear how long this downshifting will continue or where it will stop. Manufacturing is still in [...]

The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) jumped up to 61.6 in September from 58.5 during August. This is the second highest reading in the history of the series dating back [...]