PCE Price Index Jumps by 6.4% in Feb., Personal Incomes Improve by $101.5B
(BEA) The US key inflation gauge, the PCE price index, rose by 6.4% in February from the prior year, reflecting rising costs of goods and services. Energy prices rose by…
US Jobless Claims Rise by 14,000 to Surpass Estimates
(Department of Labor) US jobless claims were 202,000 in the week ending March 26, up by 14,000 from the previous week. The claims were higher than estimates of 196,000. On…
Unemployment Falls by 0.1% in Both the Euro Area and EU in February
(Eurostat) The rate of unemployment was 6.8% in the euro area in February 2022, from 6.9% the previous month. The rate is below 8.2% in the prior year. In the…
UK Houses Jump 14.3% in March to the Highest in Almost 18 Years
(Nationwide) The UK posted an annual 14.3% increase in house prices in March, accelerating from a gain of 12.6% the previous month. The rate of increase was the strongest since…
US Private Sector Injects 455,000 Jobs in March as Labor Markets Recover
(ADP Employment) A total of 455,000 jobs were created in the US private sector in March, underlining robust labor recoveries in the year. The bulk of the job additions in…
Economic Sentiment Drops by More Than 5 Points in the EU, Euro Area in March
(European Commission) The Economic Sentiment Indicator was recorded at 107.5 in the EU in March, a significant 5.3 points decline. In the euro area, the economic sentiment index was at…
Texas Service Sector Activity Rises to the Highest in 4 Months
(Dallas Fed) The revenue index, gauging the service sector conditions in Texas, rose to 23.4 in March from 21.9 in February. The reading was the highest in four months. Service…
US Consumer Confidence Improves Slightly in March, but Americans Still Less Upbeat
(The Conference Board) The index of consumer confidence in the US was recorded at 107.2 in March, an improvement from 105.7 the previous month. A further improvement was noted in…
Texas Manufacturing Steady but Key Parameters Mixed in March
(DallasFed) The production index, gauging the Texas manufacturing conditions, held steady at 13.2, a mark that indicates a slightly above-average expansion. Key measures of Texas manufacturing were mixed, with the…
US Trade Deficit Narrows by $1.0 Billion in February 2022
(Census Bureau) US recorded an international trade deficit of $106.6 billion in February, down by $1.0 billion from the previous month. The decline in deficit reflected a higher $1.9 billion…
US Consumer Sentiment Maintains Low Levels as Inflation Remain a Thorn
(University of Michigan) The US consumer sentiment held at low levels in late March, with the index at 59.4, below 62.8 in February. The sentiment is now 30.0% below the…
UK Retail Sales Decline by 0.3% in February
(ONS) The volume of retail sales in the UK declined by 0.3% in February 2022, a downturn from an increase of 1.9% in January. Despite the February decline, the retail…
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