Archive for November 1st, 2008
U.S.: Consumers Throw in the Tower in September
U.S.: Consumers Throw in the Tower in SeptemberU.S. consumer spending was weaker than expected, falling by 0.3% M/M. In terms of inflation, the core PCE deflator rose by 0.2% M/M with the annual rate of inflation remaining unchanged at 2.4% Y/Y. Personal income rose by a better than expected 0.2% M/M in September.
U.S. personal consumption […]
Chicago PMI Declines To The Lowest Level Since 1980
Chicago PMI Declines To The Lowest Level Since 1980
Chicago PMI (Oct) Actual 37.8, Expected 48.5, Previous 56.7
Release Explanation: The activity level of Purchase Managers, they are surveyed on production, employment, inventories, orders, delivery data. The PMI is split into reads on Manufacturing, Service, and Construction industries. A read over 50 denotes growth. This data gives […]
No Immunity For Canada
No Immunity For Canada
Canada does many things right. The government budget has been in surplus for 11 straight years. Core inflation is below but close to 2.0%. The current account surplus equaled 0.9% of GDP last year and 1.7% of GDP in the spring quarter of this year. But being so entwined with […]