The Empire State Manufacturing Index of General Business Conditions edged down to 2.9 in November from 4.0 in October. An increase to 5.0 had been expected by the Action Economics Forecast Survey. This means that activity continued to [...]
Introducing
Sandy Batten
in:Our Authors
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
Global| Nov 15 2019Empire State Manufacturing Activity Slowed in November
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 31 2019
Rise in U.S. Employment Costs Quickens in Q3
The employment cost index (ECI) for civilian workers rose 0.7% q/q in 2019 Q3, up from a 0.6% quarterly rise in Q2. This was spot on market expectations from the Action Economics Forecast Survey. The y/y growth of total compensation [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 31 2019
Rise in U.S. Employment Costs Quickens in Q3
The employment cost index (ECI) for civilian workers rose 0.7% q/q in 2019 Q3, up from a 0.6% quarterly rise in Q2. This was spot on market expectations from the Action Economics Forecast Survey. The y/y growth of total compensation [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 30 2019
U.S. Mortgage Applications Rebound Even As Rates Edge Higher
The Mortgage Bankers Association reported that its Mortgage Loan Index rebounded in the week ending October 25, rising 0.6% w/w (57.6% y/y) after declining 11.9% w/w in the previous week. Purchase applications rose 2.3% w/w (+9.9% [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 16 2019
U.S. Home Builder Sentiment Posts Solid Gain, Led by South and West
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose for the fourth consecutive month to 71 in October from 68 in September. This is the highest reading since January 2018. The index has [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 16 2019
U.S. Home Builder Sentiment Posts Solid Gain, Led by South and West
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose for the fourth consecutive month to 71 in October from 68 in September. This is the highest reading since January 2018. The index has [...]
by:Sandy Batten
|in:Economy in Brief
The Mortgage Bankers Association reported that its Mortgage Loan Index edged up 0.5% w/w (81.8% y/y) in the week ending October 11, following a 5.2% rise in the previous week. Applications to refinance a loan increased 3.6% w/w [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 08 2019
NEW TT
These data are reported by the U.S. Department of Energy. The price data can be found in Haver's WEEKLY and DAILY databases. More detail on prices, demand, production and inventories, including regional breakdowns, are in OILWKLY. [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 08 2019
U.S. Gasoline Prices Little Changed; Oil and Nat Gas Prices Fall
In the week ended October 7, the U.S. pump price for gasoline edged up to $2.65 per gallon (-8.9% y/y) from $2.64 the previous week. This price has been relatively stable for the past three weeks. Haver Analytics adjusts these price [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Sep 26 2019
U.S. Pending Home Sales Rebound in August
The National Association of Realtors (NAR) reported that U.S. pending home sales rose a larger-than-expected 1.6% m/m in August (+2.5% y/y) following a 2.5% m/m decline in July. Meanwhile, mortgage rates continued to decline. The [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Sep 26 2019
U.S. Pending Home Sales Rebound in August
The National Association of Realtors (NAR) reported that U.S. pending home sales rose a larger-than-expected 1.6% m/m in August (+2.5% y/y) following a 2.5% m/m decline in July. Meanwhile, mortgage rates continued to decline. The [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Sep 11 2019
TT
The survey covers over 75% of all U.S. retail residential mortgage applications and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. The base period and value for all indexes is [...]
by:Sandy Batten
|in:Economy in Brief
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