Economy in Brief

BEA has released estimates of state GDP for the second quarter. Along with the new quarterly figures revised histories of state GDP were released, consistent with last summer’s benchmark GDP revision. The highlighted figures were real [...]

Belgium, Luxembourg, France, and Germany lead the EMU internal inflation parade (in that order). Pulling up the rear are Portugal, Ireland, Italy, and Finland (in that order). The euro area does show some Keynesian tendencies as areas [...]

The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing sector business activity increased to 15 in November from 8 in October. It remained down, however, from the May high of 29. The ISM-Adjusted [...]

Industrial production rose 0.1% (4.1% y/y) during October following a 0.2% September improvement, revised from 0.3%. The 0.8% gain in August output was revised from 0.4%. October's rise was the smallest since a decline in May. A 0.2% [...]

The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index dipped to 22.2 during October.......... The figures from the Philadelphia Federal Reserve dating back to 1968 can be found in Haver's [...]

Total business inventories increased 0.3% (4.4% y/y) during September following an unrevised 0.5% August rise. Total business sales increased 0.4% (6.6% y/y) after a 0.5% gain. The inventory-to-sales ratio held steady at 1.34. It [...]

The world has not come to an end. Nor is it clear that it is an auspicious new post-Brexit beginning. But with a Brexit deal now in hand, the details are trickling out as the ‘rats' desert what they perceive to be a sinking ship. [...]

The Empire State Manufacturing Index of General Business Conditions rose to 23.3 in November, the highest level in three months. This survey has been range-bound for roughly the last year. The Action Economics Forecast Survey expected [...]