Economy in Brief

EMU GDP growth logs a finalized 0.7% annualized quarterly pace in Q3 2018 while its year-over-rate is cut back to a 1.7% gain from Q2's 2.2%. GDP growth in the EMU has steadily decelerated. The table highlights the slowing down of GDP [...]

The Consumer Price Index rose 0.3% during October (2.5% y/y), the strongest increase in nine months. The increase matched expectations in the Action Economics Forecast Survey. The CPI, excluding food & energy, improved an expected [...]

Gasoline prices declined last week to an average $2.69 per gallon (+3.6% y/y) from $2.75 during the prior week. Prices have fallen from an average high of $2.90 in the last five weeks. Haver Analytics constructs factors to adjust for [...]

The U.S. Treasury Department reported that the federal government ran a $100.5 billion budget deficit during October, the first month of the new fiscal year. The deficit compared to a shortfall of $63.2 billion during October 2017. A [...]

The average ZEW assessment of economic conditions slid by five points in November. Economic expectations on average were lower by 3.3 points. Inflation expectations were lower by 6.3 points while short- and long-term rate expectations [...]

The National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index slipped to 107.4 during October, down for the second straight month and from August's record high of 108.8. The index level [...]

The OECD area shows barely or below normal growth readings (indexes at or below 100) for all countries and regions in the top of Table 1 since June. Six months ago, three countries or regions had readings at or above 100 (the whole of [...]

The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) declined 3.8% during the last four weeks. The price decline has totaled 13.1% since the peak during the middle of June. [...]