This morning, Markit Economics has released July manufacturing PMI data for the United States, the eurozone and major EU countries. Overall, they show that the manufacturing sector continues to slow due to the sluggish…
US Senate Democratic Leader Harry Reid and House Republican Leader John Boehner have reached an agreement that would continue funding federal government spending for six more months following the expiration of the current fiscal…
The Conference Board’s report on consumer confidence is showing that consumers are magically more confident. The report for July posted a big jump to 65.9, which was well above estimates. Bloomberg had the consensus…
The Chicago Federal Reserve’s report on Midwest manufacturing this week showed some improvement, and now have only a very small conflicting report showing some mixed data from the region responsible for so much of…
The Dallas Federal Reserve’s July Business Activity report came in with a huge disappointment this morning. The reading was all the way down at -13.2 for the month of July from 5.8 in June.…
The Chicago Fed Midwest Manufacturing Index, referred to as the CFMMI, is not coming in negative like so many manufacturing reports we have been seeing of late. The index rose by about 1.1% in…
nationsonline.orgThe European Commission announced today that its July economic sentiment indicator for the 17-nation eurozone fell to 87.9 from 89.9 in June. Economists surveyed by Dow Jones Newswires had forecast a reading of 88.9.…
The Reuters/University of Michigan Sentiment report for a revised end of July figure came in at 72.3. Dow Jones was calling for a report of 72.0, and Bloomberg also had the consensus pegged at…
Payday loans — small, short-term loans secured against a customer’s next paycheck — are highly controversial. A new study from Pew Charitable Trusts explains that opponents believe the practice “preys” on people who, because…
Apparently not all manufacturing regions are slowing to a crawl. A report from the Kansas City Federal Reserve showed in its regional manufacturing survey some improvement in July. The improvement was very sluggish but…
The report on durable goods came in above expectations for the month of June. The Commerce Department’s report showed a gain of 1.6% to a seasonally adjusted $221.63 billion for the long-lasting goods. Dow…
The market is getting to digest some additional manufacturing data this morning, with the latest installment of economic weakness coming out of the Richmond Federal Reserve. The manufacturing index fell to -17 in July,…
The Markit Economics’ PMI for the U.S. slowed again to 51.8 in July from 52.5 in June. The Bloomberg consensus target was 52.6 for July, although we question how the estimates could have been…
nationsonline.orgResearch firm Markit issued its PMI data for the eurozone for July. Most of the news was bad, although economists were heartened slightly by the fact that the core figure was no worse than in May. On…
Nouriel Roubini picked the website “Project Syndicate: A World of Ideas” as the forum for his latest pessimistic comments about economies around the world. In this new case, the United States was his target: Even this…