The US existing homes sales rate fell in July 2011 by 3.5%; this news serves as a good indicator of the economic slowdown in the US housing market. According to the recent report of Realtors, the number of US existing…
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US CPI rose by 0.5% in July | S&P500 trade down– August 18th
In the recent report of the Bureau of Labor Statistics, the US inflation for July 2011 inclined by 0.5% or in annual terms it rose by 3.6%. The CPI without food and energy also rose by 0.2% during July…
US PPI rose by 0.2% in July – August report
The producer price index was published yesterday. It showed that the rate of PPI for finished goods inclined by 0.2% (seasonally adjusted) during July compared with June’s figures. This increase is after the PPI fell by 0.4% during June. This…
Euro Area annual inflation fell to 2.5% | Merkel-Sarkozy Reject Euro Bonds
The Euro Area CPI fell to an annual rate of 2.5% during July 2011. This is a slight decrease form the June inflation rate of 2.7% (Y-2-Y). News update from today: The Merkel-Sarkozy Summit didn’t resolve the debt crisis in Europe…
US Federal deficit grew to $129 billion in July
The decision to raise the US debt ceiling earlier this month, seems to have come in a good time because according to the recent publication of the Monthly Treasury Statement, the US government deficit reached in July 2011 $129.37 billion;…
US Housing starts and building permits fell in July
The real estate market in the US changed direction and showed a moderate contraction during July compared with June’s figures. According to the recent U.S. Census Bureau report about the new residential construction statistics for July 2011: The seasonally adjusted…
Euro Area GDP grew by only 0.2% in Q2 2011
The Euro Area GDP grew by only 0.2% during the second quarter of 2011; this slow paced growth is mainly due to the disappointing growth rate of Germany’s GDP by only 0.1% during the second quarter 2011. During the first…
A decline in US Treasuries holdings – August report
According to a recent report, of the U.S. Department of the Treasury, the U.S. Treasuries longer-term notes by other countries declined by $16.7 billion during June compared with May’s acquisitions. Foreign holdings of all dollar-denominated short-term U.S. securities and other…
US retail sales slightly inclined in July – August report
The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food sales during July 2011. This report adjusts for seasonal variances but controls for price changes. During July, the U.S. retail and food…
IEA slightly dropped its projection on oil demand– August report
Yesterday, the IEA – International Energy Agency published its monthly report on the global oil market for July 2011. During July, OPEC’s oil production inclined by nearly 0.1 m bbl/d compared with June’s average oil production; as a result, the…