Economy in Brief

New orders to all manufacturers increased 0.7% (4.9% y/y) during April following a 1.5% March advance, revised from 1.1%. A 0.6% rise was expected in the Action Economics Forecast Survey. The gain reflected a 0.6% rise (7.1% y/y) in [...]

For New York State, the Institute for Supply Management reported that their index for business conditions, six months hence, jumped to 69.7 during May after falling sharply to 58.8 in April. Despite the gain, the index remained below [...]

Inflation in the United States has been running lower than in the European Monetary Union since around 2010. Over the last few months the US PCE inflation rate has turned higher while inflation in Europe has continued to drop. In May, [...]

The price for a gallon of regular gasoline improved to $3.69 last week (0.8% y/y) versus $3.67 averaged during May. The price remained down, however, from the $3.78 per gallon peak reached in February of last year. To account for [...]

The value of construction put-in-place during April improved 0.2% (8.6% y/y) following a 0.6% March increase, revised from 0.2%. So far in 2014, the value of construction spending has risen 0.7%, a result held back by severe winter [...]

The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management improved to 55.4 during May from 54.9 in April. Due to technical difficulties at the ISM, this seasonally adjusted figure differs from the [...]

The Composite Index of Manufacturing Sector Activity from the Institute for Supply Management fell back to 53.2 during May from an unrevised 54.9 in April. The reading retraced two months of improvement and was below the November peak [...]

The EMU PMI turned lower in May, falling to 52.2 from April's 53.4. The May reading is the lowest since November, when index stood at 51.6. There's been a definite cooling in the European Monetary Union. For the first time in a while, [...]