Economy in Brief: August 2017

Consumer credit outstanding grew $12.40 billion during June following an $18.30 billion May increase, revised from $18.42 billion. A $15.8 billion June increase had been expected in the Action Economics Forecast Survey. During the [...]

Germany's industrial production took an unexpected step lower in June, but its upward thrust is still in place with only the sense of relentless momentum diminished. German IP is now up by 2.5% over 12 months, at a 7.7% pace over six [...]

Nonfarm payrolls rose 209,000 (1.5% y/y) during July. A 181,000 increase had been expected in the Action Economics Forecast Survey. The rise followed gains of 231,000 in June and 145,000 in May. Together these figures were revised up [...]

The U.S. trade deficit in goods and services was $43.6 billion in June after May's $46.4 billion; that earlier figure was revised from $46.5 billion and compares to $43.8 billion in June 2016. The Action Economics Forecast Survey [...]

In June, German domestic orders rode to the rescue. Domestic orders jumped by 5.1% month-to-month in June after sinking by 1.9% in May and after creeping ahead by only 0.1% in April. The gain has boosted domestic orders to an [...]

Nonfarm payrolls rose 209,000 (1.5% y/y) during July. A 181,000 increase had been expected in the Action Economics Forecast Survey. The rise followed gains of 231,000 in June and 145,000 in May. Together these figures were revised up [...]

Manufacturing sector orders jumped 3.0% in June (9.1% y/y) following a 0.3% May dip, revised from -0.8%. Durable goods orders strengthened 6.4% (14.8% y/y), revised from 6.5% in the advance report. Transportation sector orders [...]

Euro area retail sales volume rose for the second month running in June, gaining 0.5% month-to-month in the wake of a 0.4% month-to-month rise in May. Total euro area retail sales volume is up at a 3.5% pace over three months, just a [...]