- Gasoline prices up for the first time since the September 18 week.
- Crude oil costs up for the first time since the November 24 week.
- Natural gas prices up for the first time since the December 1 week.
Introducing
Winnie Tapasanun
in:Our Authors
Winnie Tapasanun has been working for Haver Analytics since 2013. She has 20+ years of working in the financial services industry. As Vice President and Economic Analyst at Globicus International, Inc., a New York-based company specializing in macroeconomics and financial markets, Winnie oversaw the company’s business operations, managed financial and economic data, and wrote daily reports on macroeconomics and financial markets. Prior to working at Globicus, she was Investment Promotion Officer at the New York Office of the Thailand Board of Investment (BOI) where she wrote monthly reports on the U.S. economic outlook, wrote reports on the outlook of key U.S. industries, and assisted investors on doing business and investment in Thailand. Prior to joining the BOI, she was Adjunct Professor teaching International Political Economy/International Relations at the City College of New York. Prior to her teaching experience at the CCNY, Winnie successfully completed internships at the United Nations. Winnie holds an MA Degree from Long Island University, New York. She also did graduate studies at Columbia University in the City of New York and doctoral requirements at the Graduate Center of the City University of New York. Her areas of specialization are international political economy, macroeconomics, financial markets, political economy, international relations, and business development/business strategy. Her regional specialization includes, but not limited to, Southeast Asia and East Asia. Winnie is bilingual in English and Thai with competency in French. She loves to travel (~30 countries) to better understand each country’s unique economy, fascinating culture and people as well as the global economy as a whole.
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Publications by Winnie Tapasanun
- USA| Dec 27 2023
U.S. Energy Prices Rise Following Weeks of Declines
- USA| Dec 26 2023
Chicago Fed National Activity Index Rebounds in November
- November CFNAI recovers to 0.03, a four-month high.
- All four key components rebound m/m, w/ two making positive contributions.
- CFNAI-MA3 improves to -0.20, still negative but above -0.70 that historically has been associated with recession.
- NFIB Small Business Optimism Index slips 0.1 pt. to 90.6 in Nov., well below its long-term avg. of 98.
- Small Business Uncertainty Index falls to the lowest reading since June ’22.
- Business conditions in the next six months tick up to -42%; expected real sales rise to a one-year-high -8%, still a pessimistic outlook.
- Quality of labor (24%) and inflation (22%) are top business concerns.
- Deficit widens as expected in Oct. for the third time in four months.
- Exports down for the first time since June, but imports up for the third month in four.
- Real goods trade deficit widens to $87.04 billion, the largest since July.
- Goods trade deficits w/ China and Japan narrow, while trade shortfall w/ EU rises to a one-year high.
- USA| Dec 05 2023
U.S. ISM Services PMI Rebounds in November
- 52.7 in Nov. vs. 51.8 in Oct., showing continued expansions in services since Jan. ’23.
- Indexes for Business Activity (55.1), Employment (50.7), and Supplier Deliveries (49.6) rebound in Nov., while New Orders Index holds steady (55.5).
- Prices Index eases to 58.3, albeit remaining above 50 since June ’17.
- Construction spending +0.6% m/m in Oct., higher than expected; +10.7% y/y, highest since Aug. ’22.
- Residential private construction recovers 1.2% m/m, led by a 2.0% rebound in home improvement.
- Nonresidential private construction increases for the 16th time in 17 months.
- Public sector construction continues its string of gains, reflecting rises in both residential and nonresidential public construction.
- USA| Nov 28 2023
U.S. FHFA House Prices Continue to Appreciate in September
- FHFA HPI +0.6% m/m in Sept.; +6.1% y/y, the highest y/y rate since Dec.’22.
- House prices rise m/m in eight of nine census divisions vs. a 0.4% drop in the Pacific region.
- House prices gain y/y in all of the nine regions, w/ the highest rate in New England (11.4%).
- General business activity falls to -19.9 in Nov., a four-month low; future general business activity drops to -13.4, the fourth straight negative reading.
- Company outlook negative for the 21st consecutive month; new orders growth negative for the 19th successive month and new orders negative for the 18th straight month.
- Production negative for the first time since Aug.; employment growth eases to a still-positive 5.0.
- Price indicators decline, w/ prices received down to -6.2, lowest since May ’20 and prices paid down to 12.6, a four-month low.
- Purchase applications rise for the third consecutive week; applications for loan refinancing up for the fourth week in five.
- Effective interest rates drop for all types of mortgages except 5-year ARM.
- The average size of a mortgage loan falls for the fifth week in six.
- USA| Nov 03 2023
U.S. ISM Services PMI Drops to a Five-Month Low in October
- 51.8 in Oct. vs. 53.6 in Sept., showing expansions in services since Jan. ’23.
- Indexes for Business Activity and Employment fall to a five-month low; Supplier Deliveries Index declines to a seven-month low.
- New Orders Index rebounds to 55.5.
- Prices Index eases to 58.6, albeit remaining above 50 since June ’17.
- Total September construction +0.4% (8.7% y/y), matching expectations.
- Residential private construction grows for the fourth time in five months, led by a 1.3% m/m gain in single-family.
- Nonresidential private construction increases for the 15th time in 16 months.
- Public sector construction continues its string of gains, led by a rise in nonresidential public construction.
- USA| Oct 31 2023
U.S. Chicago Business Barometer Dips in October; Below 50 for the 14th Straight Month
- Index ticks down to a three-month-low 44.0 in Oct., w/ production down 4.6 pts. to 46.5.
- Production contracts for the first time since July and new orders contract for two successive months, while employment expands for the first time since April.
- Prices paid index rises to 60.1, remaining at a high level.
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