Economy in Brief

Regular gasoline prices rose to $2.35 per gallon last week (8.9% y/y) from $2.31 in the prior week. They remained down, however, from the high of $2.45 per gallon in late-April. Haver Analytics constructs factors adjusting for the [...]

The PMI readings for manufacturing in July are solid or rising in the countries whose economic leadership matters most. In Asia, China's manufacturing gauge is up to 51.1 in July from 50.4 in June. While Japan's gauge is lower, it is [...]

The value of construction put-in-place held steady during May (+4.9% y/y) following a 0.7% April dip, revised from -1.4%. Earlier figures also were revised. Expectations were for a 0.3% rise in the Action Economics Forecast Survey. [...]

The ISM factory sector composite index fell to 56.3 during July from June's unrevised reading of 57.8. The index has been close to this level all year, but remained well above the 2015 low of 47.9. A level of 56.4 had been expected in [...]

The value of construction put-in-place posted a surprisingly soft reading of -1.3% in June (+1.6% y/y), versus expectations (according to the Action Economics Forecast Survey) of a 0.4% increase. Revisions were mixed, with a slightly [...]

Personal income was unchanged during June (2.6% y/y) following a 0.3% May rise, revised from 0.4%. A 0.4% increase had been expected in the Action Economics Forecast Survey. Figures back to 2014 were revised and last year's increase [...]

Personal income was unchanged during June (2.6% y/y) following a 0.3% May rise, revised from 0.4%. A 0.4% increase had been expected in the Action Economics Forecast Survey. Figures back to 2014 were revised and last year's increase [...]

The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the July General Business Activity Index improved slightly to 16.8 and made up most of June's decline. The index remained, however, well below [...]