Introducing

Sandy Batten

Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia.   Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan.   In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association.   Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.  

Publications by Sandy Batten

• 

  USA| Sep 27 2022

  FHFA House Prices Declined in July

  • This was the first monthly decline since May 2020 and only the second since January 2017.
  • House prices posted monthly declines in eight of nine census divisions.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Sep 15 2022

  Empire State Manufacturing Index Recovers Somewhat in September

  • General business conditions in the FRBNY district recovered in September, rising to -1.5 after the collapse to -31.3 in August.
  • However, the continued negative reading indicated that conditions continued to weaken.
  • Details were stronger than the headline index with the ISM-adjusted index rising to above 50.
  • Delivery times lengthened marginally but remained around pre-pandemic levels, and price indexes fell.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Sep 13 2022

  U.S. Small Businesses Slightly Less Pessimistic in August

  • Second consecutive monthly increase but another small one.
  • Index of expectations for the next six months rose for second month after reaching series low in June.
  • Inflation is still the major concern, but less so than in July; labor market remains tight.
  • Seven of the index's 10 components increased in August.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Sep 07 2022

  U.S. Mortgage Applications Continued to Fall

  • Total applications fell for the eighth time in the past 10 weeks.
  • Refinancing applications were down 83% from a year ago.
  • All mortgage interest rates increased by double-digit basis points.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Aug 31 2022

  ADP Employment Slows in August

  • ADP introduced new private nonfarm employment measures.
  • Private employment increased 132,000 in August, led by services.
  • This was the weakest gain since January 2021.
  • Pay gains stabilized but remained elevated.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Aug 30 2022

  July JOLTS: Openings Rose, Hires and Separations Slipped

  • The number of job openings edged up, the first monthly increase in four months.
  • New hires continued to ease.
  • Separations edged down with small declines in both quits and layoffs.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Aug 25 2022

  Smaller Decline in US Q2 GDP upon Revision

  • Real GDP fell 0.6% q/q saar in Q2 on the second estimate vs the initially reported 0.9% decline.
  • Consumption spending revised up; slowdown in inventory spending revised lower.
  • Corporate profits jumped 6.1% q/q, more than offsetting their Q1 decline.
  • Rise in GDP price index revised up to 8.9% from 8.7% initially.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Aug 18 2022

  U.S. Index of Leading Indicators Fell Again in July

  • July decline was the sixth in the past seven months, pointing to rising recession risks.

  • Coincident indicators increased for the second consecutive month.

  • Lagging indicators growth slowed.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Aug 17 2022

  U.S. Business Inventories and Sales Rose in June

  • Inventories continued to build, but slightly more slowly.

  • Sales growth picked up.

  • Inventory-to-sales ratio unchanged.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Aug 10 2022

  U.S. CPI Unchanged in July with Drop in Energy Prices

  • Headline index was unchanged, lowest monthly reading since May 2020, due mostly to 4.6% m/m decline in energy prices.

  • Food prices posted another sharp increase, the seventh consecutive monthly increase of 0.9% or more.

  • Increase in core prices still relatively broadly based, led by shelter.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Aug 09 2022

  U.S. Small Business Optimism Edged Up in July

  • This was the first monthly increase in 2022, but optimism still remains quite low.

  • Index of expectations for the next six months rebounded from series low in June.

  • Six of the 10 index components fell in July.

  • Inflation is the biggest major concern, highest since 1979.

  by:Sandy Batten

  |in:Economy in Brief
• 

  USA| Jul 29 2022

  U.S. Income, Spending Gains Wiped Out by Inflation in June

  • Nominal income and spending posted solid gains in June.

  • But these were mostly neutralized by stronger-than-expected price increases.

  • Income gains led by wages, owing to still-tight labor market.

  • Monthly and annual inflation picked up, led by food and energy prices, but is broadening.

  by:Sandy Batten

  |in:Economy in Brief