Economy in Brief

The Conference Board Consumer Confidence Index declined to 126.4 during June (+7.8% y/y) following a May rise to 128.8, initially reported as 128.0. The June level fell short of expectations for 127.5 in the Action Economics Forecast [...]

The Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Index of current conditions at the company level increased to 40.7 in June, the highest level in three years. Fifty-six percent of respondents reported an increase [...]

Japan’s PPI jumped by 0.5% in May as both consumer goods prices and intermediate goods prices gained 0.6% on the month. The headline PPI rose by 0.5% after a meager 0.1% increase in April and a 0.2% decline in March. In part, as a [...]

Retail gasoline prices declined to $2.83 per gallon last week (+23.8% y/y) from $2.88 per gallon during the prior week. Prices have fallen for four consecutive weeks. Haver Analytics constructs factors adjusting for the seasonal [...]

The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index rose to 36.5 during June after increasing to 26.8 in May. The rise brought it to the highest level since [...]

All of the early-release IFO climate and aggregate metrics in the top portion of the table declined in June. All-sector climate fell, manufacturing climate fell, and construction climate fell. The current business situation index [...]

New single-family home sales increased 6.7% (14.1% y/y) to 689,000 (SAAR) during May following a 3.7% April decline to 646,000, revised from 662,000. Expectations had been for 680,000 sales in the Action Economics Forecast Survey. [...]

The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) slipped 0.5% during the last four weeks, but increased 12.7% during the last year. Industrial materials prices overall [...]