Initial Unemployment Claims Slightly Higher For Last Week

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In the week ending October 17th, the number of seasonally adjusted new unemployment claims was 259,000, 3,000 higher than the revised figure for the previous week which was 256,000. However, the four week moving average came in at the lowest level since December 15th 1973, at 263,250, a drop of 2,000 from the previous weeks […]

Minutes Of The Fed Meeting September 16th And 17th

FED

Important points from the meeting of the Federal Reserve Open Market Committee on September 16th and 17th. The gross domestic product (GDP) appeared to be expanding at a moderate rate during the quarter ending September. Consumer price inflation was below the Committee’s long term objective of 2%. This was as a result of lower energy […]

BoE Follows Fed And Leaves Rate Unchanged

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At the meeting of the Bank of England Monetary Policy Committee on Tuesday, the minutes of which were published Thursday, it was decided to leave the interest rate unchanged at 0.5%. This follows the decision of the US Federal Reserve to do the same at its’ meeting in September, the minutes of which are due […]

UK Office Of National Statistics Report For August

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The UK Office of National Statistics has issued its’ Index of Production figures for August 2015. These show that total production output compared with August 2014 is estimated to have increased by 1.9% for the month. The largest increase came from mining and quarrying which saw a rise of 17.7%. However, manufacturing output compared with […]

UK Manufacturing PMI At Lowest For Three Months

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The UK manufacturing PMI slipped to its lowest level for three months in September, dropping from 51.6 in August to 51.5. The PMI has been above the 50 no change level for 30 months running. However, the new order growth fell to the weakest for a year. Consumer goods output growth fell, and there was […]

Caixin China General Manufacturing PMI at 6½ Year Low

caixin

The Caixin China General Manufacturing PMI is standing at the lowest level for 6½ years. It is the fastest deterioration since March 2009. Total new orders fell at the fastest rate for three years, in large part as a result of lower export orders, prompting companies to cut output. At the same time they cut […]

Consumer Confidence Improves In September

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American consumer confidence improved a little in September. The survey is based on a random sample of the population, and is conducted by Nielsen, a world provider of information about what consumers buy and watch on TV. The Confidence Index is now at 103, when it was 101.3 in August. The Present Situation Index climbed […]

Belgian Business Confidence Down Again In September

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Figures issued by the National Bank of Belgium show that business confidence in the country was down for the third month in a row in September. Business confidence weakened a little in the manufacturing and building sectors, but took a sharp dive in business-related services. However, the retail trade sector showed some slight improvement. In […]

US Unemployment Insurance Claims For W/E September 19th

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The advance figure of seasonally adjusted initial unemployment claims for the w/e September 19th was 267,000, 3,000 higher than the previous week’s unrevised figure of 264,000. The four week moving average was down by 750 on the previous week at 271,750. The advance seasonally adjusted unemployment rate for the week ended September 12th was 1.7%, […]

Flash Japan Manufacturing PMI Shows Growth Slower

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The Flash Japan Manufacturing PMI just issued shows that the economy is still growing, but at a slower rate. The figure is published monthly, but around a week before the final PMI figures are known. As an estimate, it is based on about 85% – 90% of final responses, and should give a good indication […]