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U. S. Philadelphia Fed Index Returns to Positive Territory in June
1+ day, 7+ hour ago (509+ words) Haver Analytics U. S. Philadelphia Fed Index Returns to Positive Territory in June - Current General Activity Index up 10. 7 pts. to 10. 3 in June; fifth rise in six months. - New Orders (27. 3), sixth expansion in seven mths. ; Shipments (14. 9), seventh straight expansion; Unfilled Orders (10. 5), first expansion…...
EMU Unemployment Remains Low
1+ day, 2+ hour ago (207+ words) Unemployment in the European Monetary Union stayed at 6. 3% in April, just a tick above its all-time low. In the more inclusive EU, the unemployment rate hovered at 6%, just two tenths of a percentage point above its all-time low. Unemployment conditions…...
U. S. Retail Sales Jumped More than Expected in May
2+ day, 10+ hour ago (568+ words) Haver Analytics U. S. Retail Sales Jumped More than Expected in May - Total sales increased 0. 9% m/m in May, nearly twice expectations. - Auto sales rebounded, rising 1. 2% m/m in May, more than reversing a 0. 9% monthly decline in April. - Excluding auto and gasoline…...
U. S. Mortgage Applications Down 3. 8% in the June 12 Week, Fourth Drop in Five Weeks
2+ day, 10+ hour ago (682+ words) Haver Analytics U. S. Mortgage Applications Down 3. 8% in the June 12 Week, Fourth Drop in Five Weeks - Purchase applications -3. 4% w/w, down for fourth time in five weeks. ; refinance applications -4. 5% w/w, seventh fall in eight weeks. - Effective interest rate on 30-year fixed…...
ZEW Shows Mixed Conditions and an Expectations Rebound
3+ day, 3+ hour ago (397+ words) Haver Analytics ZEW Shows Mixed Conditions and an Expectations Rebound The ZEW diffusion survey (an up-minus-down survey) showed mixed improvements in the economic situation and improvements for macroeconomic expectations in June. The report shows the economic situation improving in the…...
Import and Export Prices: Firm in May
3+ day, 8+ hour ago (681+ words) Haver Analytics Import and Export Prices: Firm in May - Petroleum products led import prices higher, but capital goods also had an influence. - Petroleum was also a factor on the export side; some stirring in food and capital goods. The headline…...
U. S. Housing Starts Plunged in May
3+ day, 10+ hour ago (559+ words) Haver Analytics U. S. Housing Starts Plunged in May - Housing starts plunged 15. 4% m/m in May to the lowest level since May 2020 with a significant downward revision to the previously reported April decline. - Single family starts fell 1. 9% m/m while multi-family starts…...
Japan's Surveys Mixed in April but Mostly Weak
3+ day, 23+ hour ago (591+ words) Haver Analytics Japan's Surveys Mixed in April but Mostly Weak The economy watchers survey, along with other surveys, was doing fine until about March in the wake of the Iran war and the closing of the Strait of Hormuz. With…...
U. S. Industrial Production Up Marginally in May; Manufacturing Flat
4+ day, 6+ hour ago (693+ words) Haver Analytics U. S. Industrial Production Up Marginally in May; Manufacturing Flat - May IP +0. 1% (+1. 7% y/y), third m/m increase in four months, led by a 1. 3% gain in mining. - Manufacturing unchanged (+1. 4% y/y), w/ durables +0. 8% and nondurables -0. 9%. - Selected high-tech +1. 8%, third straight m/m rise;…...
This Isn't 1999 " But That Doesn't Mean There's Nothing to Watch
4+ day, 9+ hour ago (288+ words) The comparisons are hard to avoid. Soaring valuations, massive capital expenditure on data centres and AI infrastructure, and near-universal conviction that a transformative technology is about to reshape the economy. To many observers, today looks uncomfortably like the late 1990s. The…...