Sales of new single-family homes in the US fell by 2.2% to an annualized 307,000 units in December 2011. The monthly decline follows a 2.3% gain to 314,000 units in November (initially reported as 315,000) and ran counter to market expectations for an increase to 321,000. Large declines were seen Read More US New Home [...]
Producer prices rose 0.3% in November, rebounding from a 0.3% drop in October that partially reversed a 0.8% jump in September. The rise in November was slightly above market expectations for a 0.2% increase. Despite the monthly increase, the year-over-year rate edged down to 5.7% in November from 5.9% in Read More US Producer Prices [...]
U.S. industrial production decreased 0.2% in November following the unrevised 0.7% jump in October that brought activity to its highest level since August 2008. The decline comes as a disappointment since market expectations were for a 0.1% gain. The capacity utilization rate edged lower to 77.8% in November from the Read More US Industrial Production [...]
Initial unemployment insurance claims rose 6,000 to 402,000 in the week ending November 26, 2011, from an upwardly revised 396,000 (initially reported as 393,000) the previous week. The level of claims was above market expectations for a 390,000 reading. The four-week moving average of initial claims, which normally provides a Read More US Initial Jobless [...]
U.S. industrial production (IP) unexpectedly climbed 0.2% in August, above market expectations for an unchanged reading and following a solid 0.9% increase in July. With the increase in production, the capacity utilization rate edged up to 77.4 from a downwardly revised 77.3 in July (previously reported as 77.5). Read More US Industrial Production Rises Unexpectedly [...]
The ISM non-manufacturing index indicated that the service sector continued to expand in August with the pace of growth picking up as the index rose to 53.3 from 52.7 in July (a reading above 50 indicates the sector is generally expanding). The acceleration of growth in August comes in contrast Read More US Service Sector [...]
New Zealand economy recorded unexpectedly trade balance surplus in July, more than forecasts as the nation’s exports rose during this period alongside recovery in global demand, while imports fell to a six month low that helped to narrow the nation’s shortfall. Read More New Zealand Reports Unexpectedly Trade Balance Surplus During July
Existing home sales in the US unexpectedly declined for the third consecutive month, slipping 0.8% to 4.77 million annualized units in June following unrevised declines of 3.8% and 1.8% in May and April, respectively. The drop in resale activity in June was in contrast to market expectations for a 1.9% Read More US Existing Home [...]
The Conference Board’s measure of U.S. consumer confidence fell 5.2 points to 60.8 in May, more than reversing last month’s 2.2 point increase to 66.0 (initially reported as 65.4) and falling to its lowest level since last November. The decline in sentiment comes as a surprise as market expectations were Read More US Consumer Confidence [...]
New home sales unexpectedly fell 8.1% to 283,000 annualized units in October from the previous month’s revised annual sales pace of 308,000 units (initially reported as 307,000). Market expectations were for a 1.6% increase to 312,000 annualized units. The deceleration in the pace of sales outpaced the further decline of Read More US New Homes [...]
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