Factory inventories rose in October, by 0.4%, their first increase in 14 months. September's decline was revised from 1.0% to 1.3%, although this revision can actually be interpreted positively. Shipments in September were stronger [...]
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| Nov 13 2009Michigan Consumer Sentiment Sags Once Again
Consumer sentiment declined again in early November, falling from October's 70.6 to 66.0, measured by the Reuters/University of Michigan Index of Consumer Sentiment. Forecasters had looked for only a marginal decrease to 70.0. The [...]
- Global| Oct 01 2009
U.S. Construction Spending Gains in August, But June & July Revised Down
The headline sounded so promising: construction spending rose 0.8% in August, when forecasters had looked only for a 0.2% decrease. But the pleasure with this result was short-lived. July's amount was revised from -0.2% to -1.1% and [...]
- Global| Oct 01 2009
U.S. Pending Home Sales Climb Another 6.4% in August
Housing demand continues to improve. The National Association of Realtors (NAR) reported that during August, pending home sales increased 6.4%, notably stronger than June's 3.6% and July's 3.2% gains. NAR's index stood at 103.8, the [...]
- Global| Aug 28 2009
U.S. Personal Income Steadies in July after June Drop; PCE Shows First Effect of "Cash-for-Clunkers"
Personal income in July was almost exactly equalto June's amount, $11,957.4 billion versus $11,953.6 billion. While transfer payments and dividends decreased, this report includes the first increase in wages and salaries since last [...]
- Global| Aug 28 2009
U.S. Personal Income Steadies in July after June Drop; PCE Shows First Effect of "Cash-for-Clunkers"
Personal income in July was almost exactly equalto June's amount, $11,957.4 billion versus $11,953.6 billion. While transfer payments and dividends decreased, this report includes the first increase in wages and salaries since last [...]
- Global| Aug 27 2009
Q2 GDP Unrevised on Net at 1.0% Fall; Hesitant Profits Recovery Continues
The pace of real GDP change was unchanged in today's report from the Commerce Department, which showed a 1.0% rate of decline. Inventories were revised lower but offset in the GDP tally by a smaller decline in domestic final sales and [...]
- Global| Aug 27 2009
Q2 GDP Unrevised on Net at 1.0% Fall; Hesitant Profits Recovery Continues
The pace of real GDP change was unchanged in today's report from the Commerce Department, which showed a 1.0% rate of decline. Inventories were revised lower but offset in the GDP tally by a smaller decline in domestic final sales and [...]
- Global| Aug 26 2009
U.S. New Home Sales Improve Again; Case-Shiller Price Index Rises
Sales of new single-family homes rose again in July, the fourth consecutive monthly gain. The seasonally adjusted annual rate was 433,000, up 9.6% from an upwardly revised 395,000 in June and the largest monthly amount since September [...]
- Global| Aug 26 2009
U.S. Durable Goods Orders Look To Form Base for Recovery
Durable goods orders rebounded in July, jumping 4.9%, and June's numbers were revised higher so that the original 2.5% decline is now shown at 1.3%. The major part of the July gain was in nondefense aircraft orders, which more than [...]
- Global| Aug 26 2009
U.S. Durable Goods Orders Look To Form Base for Recovery
Durable goods orders rebounded in July, jumping 4.9%, and June's numbers were revised higher so that the original 2.5% decline is now shown at 1.3%. The major part of the July gain was in nondefense aircraft orders, which more than [...]
- Global| Aug 13 2009
U.S. Business Inventories Still Being Cut Sharply through June
Business inventories have continued to fall sharply through June, and at all three levels of distribution, manufacturing, wholesale and retail. Total inventories were off 1.1% in June alone, following 1.2% in May and 1.3% in April. [...]
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