The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index rose to 26.2 in December from 22.7 in November. Expectations had been for a reading of 20.5 in the Action Economics Forecast Survey. [...]
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
by:Sandy Batten
|in:Economy in Brief
Global| Dec 08 2017U.S. Wholesale Inventories Slump; Sales Rise but Slow
Wholesale inventories fell 0.5% m/m (+3.8% y/y) in October following a downwardly revised 0.1% m/m increase in in September (initially +0.3% m/m). The summer rebound in inventories has slowed recently. Seasonally adjusted inventories [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 15 2017
U.S. CPI Well Behaved in October But Increases Are Accelerating
The Consumer Price Index edged up 0.1% m/m (2.0% y/y) in October, exactly in line with the market's expectation from the Action Economics survey. The overall index had jumped a much larger-than-expected 0.5% m/m in September. The core [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 03 2017
U.S. Trade Deficit Widens in September; Exports Improve, Imports Rebound
The U.S. trade deficit in goods and services widened to $43.5 billion in September from a slightly upwardly revised $42.8 billion shortfall in August. A $43.2 billion deficit had been expected in the Action Economics Forecast Survey. [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 01 2017
FOMC Leaves Rate Unchanged but December Hike Likely
At today's meeting of the Federal Open Market Committee, the target for the federal funds rate was left unchanged at 1.00%-1.25%. This was the third consecutive meeting at which the rate target had been held steady with the last rate [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 13 2017
U.S. Business Inventories and Sales Both Rise in August
Total business inventories increased 0.7% m/m (3.6% y/y) in August following an upwardly revised 0.3% m/m rise in July. Retail inventories also rose 0.7% m/m (3.7% y/y) in August after having been unchanged in July. Again, motor [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 06 2017
U.S. Wholesale Inventories Rise in August, But Are Outpaced by Sales
Inventories at the wholesale level rose 0.9% m/m (4.5% y/y) in August following unrevised 0.6% m/m increases in both July and June. Over the past three months, inventories are up at a 9.0% annual rate, up from 7.5% in July. Durable [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Sep 15 2017
PREVIOUS TT: U.S. Business Inventories Continue to Accumulate as Sales Firm
Total business inventories increased 0.5% in June (2.8% y/y)............. Business sales increased 0.3% (4.3% y/y)............. The business sector inventory-to-sales ratio rose to 1.38.......... The manufacturing and trade data are [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Sep 15 2017
U.S. Business Inventories and Sales Rise the Same in July
Total business inventories increased 0.2% in July (3.0% y/y) following a 0.5% m/m gain in June. Retail inventories slipped 0.1% m/m (3.4% y/y) in July after a 0.6% m/m jump in June. Motor vehicle and parts inventories were unchanged [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Aug 17 2017
Widespread Gain for U.S. Leading Economic Indicators in July
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% m/m (3.9% y/y) in July following an unrevised 0.6% m/m rise in June. A 0.3% monthly rise had been expected in the Action Economics Forecast Survey. [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Aug 15 2017
Petroleum Prices Push Up U.S. Import Prices in July; Export Prices Propelled by Ag Prices
After two consecutive monthly declines, import prices edged up 0.1% m/m (1.5% y/y) in July. They had fallen 0.2% m/m in June and 0.1% m/m in May. The July increase was exactly in line with the Action Economics Forecast Survey, which [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jul 14 2017
U.S. CPI Again Weaker than Expected in June
The Consumer Price Index continued to underperform market expectations in June. The headline index was unchanged from May (+1.6% y/y) against a market expectation (from the Action Economics Forecast Survey) of a 0.1% m/m increase. [...]
by:Sandy Batten
|in:Economy in Brief
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