Economy in Brief

The Empire State Manufacturing Index of General Business Conditions rose to 20.1 during May and made up most of its April decline. Expectations had been for 15.0 in the Action Economics Forecast Survey. These data, reported by the [...]

Inventories, whose growth had outpaced sales in previous months, were back to zero growth in March. Meanwhile, the pace of sales overall held at a 0.5% gain in March, the same pace as in February. Over three months we see that the [...]

The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo increased 2.9% (1.4% y/y) to 70 during May following an April decline to 68. The latest reading compared to expectations for 69 in the [...]

EMU growth finalizes on a weak note with quarterly growth up at a 1.6% annual rate and year-on-year growth up by 2.5%. That 2.5% mark is still good enough to rank year-on-year EMU growth in the top 18% of all growth rates posted since [...]

Total retail sales increased 0.3% (4.7% y/y) during April following a 0.8% March gain, revised from 0.6%. The rise matched expectations in the Action Economics Forecast Survey. Excluding motor vehicles and parts, retail sales improved [...]

Retail gasoline prices rose to $2.87 per gallon yesterday (21.3% y/y) and remained at the highest price level since November 2014. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The [...]

The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) increased 1.0% during the last four weeks and 9.2% during the last year. Industrial materials prices overall rose by [...]

The Bank of France business indicator continues to decline as it fell to 102 in April from 102.6 in March. The Bank of France used this survey to conclude that France's economy is set to expand at a steady pace of 0.3% in the second [...]