- Brazil: IGP-M2 (Oct)
- Turkey: Private Loans from Abroad (Aug), Foreign PPI (Sep); Israel: PMI (Sep); Qatar: Real Estate Price Index (Sep)
- Italy: Industrial Turnover and Orders (Aug)
- UK: Rightmove House Price Index (Oct), Capital Issuance (Sep)
- Euro area: Balance of Payments (Aug)
- Germany: Monthly Tax Receipts, Federal Budget, PPI (Sep)
- Georgia: Other Depository Corps Survey (Sep); Estonia: PPI, Construction Prices, Import/Export Prices (Sep); Bosnia: Gross
- more updates...
Economy in Brief
Italian Orders Rebound but Go Nowhere
Italian industrial orders in August rose by 1.5% after a 1.5% decline in July...
U.S. Housing Starts Rebound Led By Multi-Family
Housing starts during September recovered 6.3% to 1.017 million (AR, 17.8% y/y) after a 12.8% decline to 957,000 during August...
Vehicle Registrations Continue Annual Gains But....
European auto registrations continue their year-over-year gains in September...
U.S. Initial Claims for Jobless Insurance Unexpectedly Reach New Low
Initial unemployment insurance claims during the week ended October 11 fell to 264,000 (-25.6% y/y)...
U.S. Home Builders Index Retreat Is Country Wide
The Composite Housing Market Index from the NAHB-Wells Fargo fell back to 54 during October from an unrevised 59 in September...
Philadelphia Fed Business Conditions Index Declines Again
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index for October fell to 20.7 from 22.5 in September...
by Tom Moeller October 20, 2014
The National Association for Business Economics reported in its Survey of Business Conditions that the unit demand figure declined to 42.3 last quarter from 52.4 in Q2. These data are diffusion indexes measuring the net position of the surveyed series. Unit demand remained well ahead of 2012 & 2013 but was slightly below recent highs. This also holds true for the employment, capital spending and profit margin series.
On the pricing front, conditions also softened. The net rising index for materials costs of 16.0 was half the 2010 level of 31.3, which had rebounded after the recession. It remained well below the 2011 reading of 42.4. The prices charged figures, however, remained firm, up sharply from 2012 and just short of the 2011 high. The wages & salaries reading of 20.9 was down sharply from Q2 but only slightly below 2011 & 2012.
The figures are composite indexes which subtract the falling percentage from the rising percentage of respondents.
These NABE Business Conditions Survey Figures can be found in Haver' SURVEYS Database.
|National Association for Business Economics - Business Conditions Survey||Q3'14||Q2'14||Q1'14||2013||2012||2011|
|Net Rising Index Over Last Three Months|
|Wages & Salaries||20.9||43.0||32.4||17.6||24.3||24.3|