Total business inventories rose 0.3% in May (2.4% y/y) following an unrevised 0.4% gain in April. The consequent 3-month growth was 3.2% (AR), sustaining April's improved pace. Total business sales in May increased 0.4% (-2.2% y/y) [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Jul 14 2015U.S. Business Inventories Continue Modest Growth Trend, Mixed by Sector
- Global| Jun 18 2015
U.S. Current Account Deficit Widens Again
The current account deficit was $113.3 billion in Q1, following $103.1 billion in Q4 2014 and compares to $96.4 billion in Q1 a year ago. All these data are affected by annual revisions, and all are seasonally adjusted. The widening [...]
- Global| Jun 11 2015
U.S. Financial Accounts Show Markedly Reduced Credit Needs in Q1
Total credit market borrowing was sharply reduced in Q1, according to the Federal Reserve's Financial Accounts of the U.S., which were published today. Net paydowns by the federal government and the financial sector led to a reduction [...]
- Global| May 26 2015
U.S. Consumer Confidence Remains Sluggish
The Conference Board's Consumer Confidence Index increased 1.2% in May to 95.4 (+16.1% y/y) after falling to 94.3 during April, which was revised from 95.2. The latest figure was marginally better than forecasts of 94.5 in the Action [...]
- Global| Apr 30 2015
U.S. Employment Cost Index Firmer in Q1
The employment cost index for private industry workers rose 0.7% (2.8% y/y) in Q1'15, following a 0.5% Q4 rise, revised from 0.6%. The Q1 number was stronger than expectations for a 0.5% rise, according to the Action Economics [...]
- Global| Mar 13 2015
U.S. Financial Accounts Show Steadier Gains in Credit Market Borrowing
The Federal Reserve's financial accounts data (formerly known as the "flow of funds") for Q4 show total credit market borrowing at $2.47 trillion annual rate, up from $2.21 trillion in Q3. For 2014 as a whole, borrowing was $2.10 [...]
- Global| Mar 12 2015
U.S. Import and Export Price Totals Turn Mixed with Upturn in Petroleum
Prices of most internationally traded goods remained weak in February, but petroleum was a notable exception for both imports and exports. Overall import prices rose 0.4% (-9.4% y/y), including an 8.1% surge in petroleum; nonpetroleum [...]
- Global| Mar 12 2015
U.S. Import and Export Price Declines Continue
Downward pressure on prices of internationally traded goods is ongoing. Import prices declined 2.8% during January (-8.0% y/y) following a revised 1.9% December fall, earlier reported as -2.5%. It was the largest of seven straight [...]
- Global| Mar 06 2015
U.S. Trade Deficit Narrows as Exports and Imports Both Decline
The U.S. foreign trade deficit in goods and services decreased to $41.8 billion in January from December's $45.6, revised from $46.6 billion. This January net result was almost exactly equal to the $42.0 billion expected in the Action [...]
- Global| Feb 26 2015
U.S. FHFA Home Price Index Ends 2014 at Firm Pace
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.8% in December, after November's 0.7% gain, which was revised slightly from 0.8% reported initially. These two months put December up 8.4% at an [...]
- Global| Jan 30 2015
U.S. Employment Cost Index Moderates in Q4
The employment cost index for private industry workers rose 0.6% (2.1% y/y) in Q4'14, following an unrevised 0.7% Q3 rise. The Q3 number equaled expectations for a 0.6% rise in the Action Economics Forecast Survey. For 2014 as a [...]
- Global| Jan 02 2015
U.S. Construction Spending Eases in November
The value of construction put-in-place decreased 0.3% (2.4% y/y) during November after a 1.2% advance in October, revised from 1.1%; the September move was revised more noticeably, to a 0.6% increase from a 0.1% decline. The November [...]
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