Recent Updates

  • 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

U.S. Business Economists Survey Shows Easing Economic Conditions
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
   Unit Demand 42.3 52.4 44.4 37.4 30.6 40.0
   Employment 24.7 31.3 18.1 13.3 12.0 26.9
   Capital Spending 29.7 35.1 32.3 19.6 16.1 32.5
   Materials Costs 16.0 27.4 27.3 17.9 17.6 42.4
   Prices Charged 16.9 17.7 16.9 15.1 8.4 22.0
   Profit Margins 15.7 19.0 24.2 13.2 14.4 16.3
   Wages & Salaries 20.9 43.0 32.4 17.6 24.3 24.3
close
large image