Economy in Brief: July 2018

The U.S. trade deficit in goods and services fell to $46.20 billion during April............. The international trade data can be found in Haver's USECON database. Detailed figures are available in the USINT database. The expectations [...]

PREVIOUS .....The U.S. trade deficit in goods and services fell to $46.20 billion during April............. The international trade data can be found in Haver's USECON database. Detailed figures are available in the USINT database. [...]

The job market remained firm during June. Nonfarm payrolls increased 213,000 (1.6% y/y) following a 244,000 May rise and a 175,000 April gain. Together, payrolls during these two months were revised up by 37,000. A 191,000 rise in [...]

Strong IP gains for Germany German industrial production (IP) is up by a strong 2.6% in May after a 1.3% decline in April. Germany is breaking out of a period in which output gains have lagged. But we will have to watch closely to see [...]

The U.S. trade deficit in goods and services fell to $43.1 billion in May from a slightly downwardly revised $46.1 billion during April. It was the smallest deficit since October 2016. A $43.9 billion deficit had been expected by the [...]

The job market remained firm during June. Nonfarm payrolls increased 213,000 (1.6% y/y) following a 244,000 May rise and a 175,000 April gain. Together, payrolls during these two months were revised up by 37,000. A 191,000 rise in [...]

Orders overview: Germany's industrial orders rebounded in May with a 2.6% rise after a 1.6% decrease in April and a string of four straight monthly declines. Domestic orders jumped by 4.3%, nearly recovering April's 4.4% decline. [...]

Business activity in the service sector is strong. The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) rose to 59.1 during June from an unrevised 58.6 in May. It was the highest level [...]