Posts Tagged ‘factory orders’
The Best News Out Of Europe Today…
The big thing that would surprise people in Europe this year is growth.
And there’s more evidence that there’s some kind of pulse beating.
Last week after some decent PMI number, Goldman raised its 2012 GDP outlook from -0.8% to -0.4%.
The latest: German factory orders jumped 1.7% sequentially, nicely ahead of the 1.0% consensus.
Here’s a great chart of German factory orders vs. industrial production, courtesy of Markit.
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CBI: Factory index picks up speed
The Confederation of British Industry’s (CBI) industrial trends survey today revealed factory orders growth picked up pace in March. The survey’s total order book balance accelerated in March to +5 from February‘s -8, easily beating expectations of a reading of -6. The reading represented the highest since March 2008, according to the lobby group. Furthermore, [...]
US unemployment rate holds steady at 9.7%
The Labor Department has today revealed the US unemployment rate remained unchanged at 9.7% in February and lower than the 10% rate reported in December.
According to the Labor Department, employers cut 36,000 jobs last month – fewer than the 50,000 analysts had been expecting and compares to a revised 26,000 job cuts in January.
In [...]
US home sales in surprise fall in January
The National Association of Realtors (NAR) has revealed a fall in sales of previously owned homes in the US for the month of January, suggesting the extension of the $8,000 tax credit for first-time buyers is having little appeal.
The industry body said sales agreements fell 7.6% in January compared with December and the index [...]
US Pending Home Sales Index falls sharply in November
The National Association of Realtors (NAR) today said its Pending Home Sales Index fell sharply by 16% in November to 96.0 from 114.1 in October, ending a nine-month rise.
The NAR attributed the fall on the end of a rush to beat the original expiration of the $8,000 tax credit for first-time buyers. The tax credit [...]