The Pending Home Sales Index has been running quite a bit hotter than the Existing Home Sales Index since late 2011. This month’s report cooled that trend somewhat. The Pending Home Sales Index surprised on the downside in September. The consensus expectation was for no...
In spite of a better than expected monthly rise in production (in August), industrial activity in the five largest European countries continues to contract on a yearly basis– with the exception of Germany:And the recent tick down in the PMI Manufacturing survey would not suggest...
Following a disappointing Industrial New Orders report yesterday, Germany’s Industrial Production posted a better than expected gain for the month of August. Will the relationship with PMI Manufacturing hold?...
