The ISM Report on Business Manufacturing Index decreased 3.2 points in December to 55.5 from November's 58.7, indicating somewhat slower but still expanding activity in the manufacturing sector. Expectations in the Action Economics [...]
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| Jan 02 2015U.S. ISM Manufacturing Index Slows in December; 2014 Best Year Since 2010
- Global| Dec 31 2014
U.S. Pending Home Sales Rebound in November
Pending sales of single-family homes rose 0.8% in November (+4.1% y/y) following a slightly revised 1.2% decrease in October, according to the National Association of Realtors (NAR). These sales are reported as an index with 2001 = [...]
- Global| Dec 31 2014
U.S. Initial Claims for Unemployment Insurance Rise Modestly
Initial unemployment insurance claims during the week ended December 27 rose to 298,000 (-13.4% y/y) after declining to 281,000 in the prior week, revised marginally from 280,000. The four-week moving average of initial claims thus [...]
- Global| Dec 30 2014
U.S. Consumer Confidence Has Modest December Climb
The Conference Board's consumer confidence index turned back upward to 92.6 in December from November's 91.0, which was revised noticeably from 88.7 initially reported; the December index is 19.5% above December 2013. The latest [...]
- Global| Dec 30 2014
U.S. Gasoline Prices Down Another 10 Cents
National average gasoline prices fell 10 cents more in the week ended December 29 to $2.30 a gallon from $2.40 the prior week; they are down 31.0% year-on-year. Haver Analytics constructs factors adjusting for the seasonal variation [...]
- Global| Dec 23 2014
U.S. Personal Income Has Moderate Gain, Spending Is Up 0.6% in November
Personal income rose 0.4% in November (4.2% y/y) after October's 0.3%, revised modestly from 0.2%. The November increase was slightly below expectations in the Action Economics Forecast Survey for a 0.5% gain. Wages & salaries were up [...]
- Global| Dec 23 2014
U.S. Durable Goods Orders Show Unexpected Decline
New orders for durable goods fell 0.7% in November (+0.3% y/y) after rising 0.3% in October, which was marginally revised from 0.4%. The November decline confounded expectations for a 3.0% gain in the Action Economics Forecast Survey. [...]
- Global| Dec 11 2014
U.S. Business Inventory Growth Eases in October Despite a Downtick in Sales
Total business inventories rose 0.2% in October (4.8% y/y) after September's 0.3% increase, which was unrevised. Total business sales edged down 0.1% (+3.4% y/y) following their flat performance in September and August's 0.5% decline. [...]
- Global| Dec 05 2014
U.S. Trade Deficit Steadies as Exports and Imports Both Rise
The U.S. foreign trade deficit in goods and services narrowed slightly to $43.4 billion in October from a modestly revised $43.6 billion in September. Expectations in the Action Economics Forecast Survey were for $41.6 billion. [...]
- Global| Nov 26 2014
U.S. Durable Goods Orders Boosted by Defense Aircraft
New orders for durable goods rose 0.4% during October (+5.5% y/y) following a 0.9% fall in September, revised from -1.3%. The October increase countered expectations for a 0.6% decline in the Action Economics Forecast Survey. The [...]
- Global| Nov 20 2014
U.S. Existing Home Sales Continue Improvement
Sales of existing single-family homes rose 1.5% to 5.260 million (AR, +2.5% y/y) in October from 5.180 million in September, a slight revision from 5.170 million reported before. Sales were 2.2% below their recent high in July 2013. [...]
- Global| Nov 20 2014
U.S. Existing Home Sales Improve As Prices Fall Sharply
Sales of existing single-family homes rose 2.4% to 5.170 million (AR, -1.7%) during September from an unrevised 5.050 million in August. Sales were 3.9% below the peak reached last July. The latest level beat expectations for 5.10 [...]
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