Economy in Brief: September 2019

The U.S. Treasury Department reported that the federal government ran a $1.067 trillion budget deficit during the first 11 months of FY'19. It was the first time in seven years that the deficit was that deep, and compared to an $898.1 [...]

EMU-area industrial output declined in July but fell by less than it did in June. Headline and manufacturing IP trends both show deteriorating trends from 12 months to six months to three months. Intermediate goods show the fastest [...]

The Consumer Price Index rose 0.1% during August (1.7% y/y) following a 0.3% July increase. The rise matched expectations in the Action Economics Forecast Survey. The CPI excluding food & energy increased 0.3% for the third straight [...]

Initial claims for unemployment insurance fell 15,000 to 204,000 (-1.9% year-on-year) during the week ending September 7 from a slightly upwardly-revised reading of 219,000 in the previous week (was 217,000). This is the lowest level [...]

The survey covers over 75% of all U.S. retail residential mortgage applications and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. The base period and value for all indexes is [...]

The early reporters of August's HICP that are ‘original' EMU members are listed in the table. EMU inflation is low; most member inflation rates are low and below the pace set for the EMU-wide HICP itself. There are no country level [...]

Wholesale inventories increased 0.2% during July (7.1% y/y) after a 0.1% dip in June, revised from unchanged. The gain matched expectations in the Informa Global Markets Survey. Durable goods inventories eased 0.2% (+8.7% y/y) in July [...]

The Producer Price Index for final demand edged 0.1% higher during August (1.8% y/y) following a 0.2% July rise. A 0.1% gain had been expected in the Action Economics Forecast Survey. Producer prices excluding food & energy [...]