Economy in Brief: August 2013

Personal income growth moderated in June, with a 0.3% rise (3.1% y/y) after May's 0.4%, which was revised from 0.5% reported before. Consensus forecasts had looked for 0.4% in June. This report is part of the BEA's comprehensive [...]

Sales of light vehicles remain on a firm footing. Unit sales of light motor vehicles slipped 1.8% during July versus June to 15.67 million (SAAR) according to the Autodata Corporation. Despite the dip, sales remained up 11.2% from [...]

There is a great deal of variation for countries among their manufacturing sectors over the recent time horizon. Indonesia, Vietnam, the US, the UK and Canada generally have the highest values when we evaluate the standing of their [...]

The value of construction put-in-place declined 0.6% (+3.3% y/y) during June after a revised 1.3% May jump, initially reported as 0.5%. April's increase also was revised up to 1.1% from 0.1%. A 0.3% rise in activity had been expected. [...]

The outplacement firm of Challenger, Gray & Christmas reported that 37,701 job cuts (2.3% y/y) were announced during July, down from 39,372 during June. This latest level remained near the low end of the range in place since last [...]

Factory sector business heated up last month. The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management jumped to 55.4 during July from an unrevised 50.9 in June. The figure was its highest level [...]

Initial claims for unemployment insurance fell sharply to 326,000 (-10.9% y/y) during the week ended July 27 from 345,000 in the prior week, initially reported as 343,000. It was the lowest reading since January 2008. The latest [...]