News
German Trades Surplus Balloons
2+ hour, 17+ min ago (293+ words) Haver Analytics German Trades Surplus Balloons The German trade surplus surged in May to "19. 1 billion from "14. 7 billion in April. Exports rose by 0. 9% in May while imports fell by 2. 5%, creating a jump in the surplus month-to-month. In April, exports increased by…...
U. S. Initial Unemployment Claims Declined in the Week of July 4
11+ hour, 31+ min ago (468+ words) Haver Analytics U. S. Initial Unemployment Claims Declined in the Week of July 4 - New claims declined by 2, 000 to 215, 000 in the week ending July 4. - Continuing claims rose by 8, 000 to 1. 814 million in the week ending June 27. - The insured unemployment rate was unchanged at 1. 2% in…...
U. S. Mortgage Applications Retrenched in the July 3 Week
1+ day, 13+ hour ago (577+ words) Haver Analytics U. S. Mortgage Applications Retrenched in the July 3 Week - Both applications for loans to purchase and applications for loan refinancing declined in the latest week. - Interest rate on 30-year fixed-rate loans rose 1bp to 6. 77%. Mortgage applications dropped 2. 2% w/w (-5. 4% y/y) in…...
Globally S&P PMIs Gain a Modicum of Traction
3+ day, 3+ hour ago (668+ words) Haver Analytics Globally S&P PMIs Gain a Modicum of Traction The global PMI data for a select group of 24 countries and their composites, provided on the graph, indicate a slight overall improvement for the total PMIs in June, with…...
Want to Reduce the Size of the Fed's Balance Sheet? Eliminate Interest Paid on Reserves
4+ day, 2+ hour ago (565+ words) Haver Analytics Want to Reduce the Size of the Fed's Balance Sheet? Eliminate Interest Paid on Reserves The Federal Reserve instituted the payment of interest on reserves on October 15, 2008, during the Great Financial Crisis. The motivating factor for this was…...
Unemployment Remains Quite Low in Europe
1+ week, 6+ hour ago (455+ words) Haver Analytics Unemployment Remains Quite Low in Europe Unemployment rates in the European Monetary Union (EMU) were steady in May at 6. 2%, the same level as in April, after April had fallen to 6. 2% from 6. 3%. The 6. 2% reading is the lowest for the…...
U. S. Payroll Employment Gains Smaller than Expected in June
1+ week, 10+ hour ago (637+ words) Haver Analytics U. S. Payroll Employment Gains Smaller than Expected in June - U. S. nonfarm payrolls increased 57, 000 in June with meaningful downward revisions to both April and May. - The market consensus looked for a 115, 000 increase. - The unemployment rate edged down to 4. 2% from 4. 3%, due mostly…...
Mixed but Broad Backtrack in Global Manufacturing in June
1+ week, 1+ day ago (618+ words) Haver Analytics Mixed but Broad Backtrack in Global Manufacturing in June The manufacturing PMI values for June showed more worsening than improving, with 10 of 18 reporters showing conditions unchanged or getting worse on a month-to-month basis. However, taking into account the…...
Construction in May: Another Soft Reading
1+ week, 1+ day ago (468+ words) Haver Analytics Construction in May: Another Soft Reading - Building activity in the US was firm in 2023 and 2024, but it has lost ground since then. - Government-related construction and private residential building have been little changed in the past year or so....
Large EU Economies Show Some Inflation Cooling
1+ week, 2+ day ago (633+ words) Haver Analytics Large EU Economies Show Some Inflation Cooling Some inflation progress, but not enough: The headline HICP in June for the largest monetary union economies have largely broken lower, with the exception of Spain. The German headline HICP fell…...