Economy in Brief: 2016

The National Association for Business Economics projects 2.4% real economic growth in the U.S. next year following a 2.2% estimate for 2016, which was revised down from 2.6% projected in December. The gains follow a 2.4% rise in both [...]

The National Association of Realtors (NAR) reported that pending sales of single-family homes rose 3.5% in February (0.7% y/y) and recovered January's 3.0% decline, initially reported as -2.5%. The February sales volume was 1.9% below [...]

Personal consumption expenditures during February increased a minimal 0.1% (3.8% y/y) for the third consecutive month. January's gain was revised from 0.5%. The latest rise matched expectations in the Action Economics Forecast Survey. [...]

French consumer confidence fell to 94 in March from 95 in February. The index has a weak 35th percentile standing at its March level (it is this weak or weaker 35% of the time). Living condition assessments for the past 12 months as [...]

Economic growth was greater than previously estimated during Q4. The revised 1.4% increase (1.9% y/y) compared to last month's estimate of 1.0% and the advance estimate of a 0.7% rise. A 1.0% gain was expected in the Action Economics [...]

New orders for durable goods declined 2.8% (-4.6% y/y) during February following a 4.2% January rise, revised from 4.9%. A 2.4% decline had been expected in the Action Economics Forecast Survey. A 6.2% drop (+7.1% y/y) in orders for [...]

New orders for durable goods declined 2.8% (-4.6% y/y) during February following a 4.2% January rise, revised from 4.9%. A 2.4% decline had been expected in the Action Economics Forecast Survey. A 6.2% drop (+7.1% y/y) in orders for [...]

Initial unemployment insurance claims rose to 265,000 during the week ended March 19 from 259,000 in the prior week. Expectations were for 267,000 claims in the Action Economics Forecast Survey. The four week moving average of claims [...]