In trend terms, the GDP increased 0.2 percent and non-farm GDP also increased by 0.2 percent. However, in seasonally adjusted terms GDP rose by 0.1 percent which was below expectations of a 0.2 percen...

The consumer confidence for the U.K. fell in November to 50 despite forecasts for a decline to 54. The October reading of 55 was revised upward to 56. With the holiday season beginning, the spending i...

The Euro-area PPI shows that the pace of inflation is starting to slow at a strong pace. The released number of -0.8% was much larger than analyst forecasts. The number released for the month of Septe...

The construction PMI plunged in November to a new record low, of 31.8 compared with analyst expectations of 33.8. The released number denotes the very weak period the U.K. housing and construction mar...

In November, the Swiss CPI read shows that the pace of inflation is slowing from the high reached in July of 3.1%. The released number of -0.7% is smaller than market expectation of -0.3%. The year-ov...

The National Bureau of Economic Research (NBER) declared December 2007 as the start of the latest recession. This timing is coincident with the jump in the probability model we use and the peak of emp...

Seasonally adjusted Australian Retail Sales for the month of October rose 0.7% after economists called for a decline of -0.2%. The sharp change comes after September's figure marked a clear revised sl...

The current account deficit fell 31 percent for the third quarter of 2008. This is the second straight quarter that the deficit has narrowed. This was partly due to exports such as coal and iron ore a...

The retail sales trend in Australia has increased by 0.2 percent in October. This is above market expectations of a 0.1 percent increase and matches Septembers 0.2 percent month over month increase. S...

Despite economic headwinds around the globe in the third quarter, Canadian real economic growth proved resilient and accelerated to 1.3% annualized, beating market expectations of 0.8%, and faring muc...

The U.S. ISM manufacturing sector index declined to its lowest level since 1982, falling to 36.2 in November from 38.9 in December. The drop was worse than the decline to 37.0 expected by the markets....

The US ISM manufacturing index plunged to 36.2 in November, down from 38.9 the previous month. The sector is now in its worst condition since the 1982 recession, with manufacturing production set to s...

Total construction spending fell 1.2 percent in October, with an upward revision to September and August. Residential construction spending fell 3.5 percent and nonresidential construction spending fe...

November's ISM manufacturing index came in at 36.2, well within recession territory and the lowest level since the 1981-82 recession. Weakness remains in new orders, production and employment. An inve...

The U.S. PMI-manufacturing index dropped 2.7 points to 36.2 in November, whereas that indicator's counterparts fell by 5.5 points to 35.6 in Euroland and 6.3 points to 34.4 in Britain. The Swiss index...

Economic activity in the manufacturing sector contracted at the fasted pace in 25 years in November and the overall economy contracted for the second consecutive month, according to today's report fro...

Manufacturing activity continued its plunge through November despite a record-breaking drop in input costs, suggesting the recession the economy is diving into is growing more severe with time. In its...

The headline figure for November dropped more than expected (36.2; consensus 37; prior read 38.9) to the lowest level since 1982. Of the 10 sub-indexes, none rose, two remained steady and eight fell. ...

GDP rose an annualized 1.3% in the third quarter, modestly stronger than the upwardly revised 0.6% gain in the second quarter (previously reported at 0.3%). The third-quarter rise was also stronger th...

Real GDP rose 1.3% at a seasonally adjusted annual rate in 3Q08 but only 0.5% from 3Q07 due to a flat first half this year. Growth rates in 1Q08 and 2Q08 were each revised slightly higher to -0.6% saa...

Economic activity edged up 0.1% in September Statistics Canada said today, following a 0.3% decline in August. Real gross domestic product (GDP) increased 0.3% in the third quarter after remaining ess...

U.K. November manufacturing PMI tumbled to a new series low of 34.4, against our survey median for 39.8. The September reading was revised down to 40.7 from 41.2. A breakdown of the headline reading s...

The UK Manufacturing PMI contracted for a seventh consecutive month in November, indicating a strong recessionary period the U.K. economy is facing. According to the PMI report, the 34.4 read shows th...

The Euro-Zone November manufacturing PMI was revised down to 35.6 from 36.2 reported initially. The overall reading, as well as the readings for new output, new orders, employment, are all at survey l...

The PMI release shows the euro-area manufacturing side of the economy has contracted for six consecutive months. The release number of 35.6 is slightly smaller than analyst expectations of 36.2. The E...

Swiss November manufacturing PMI plundged to 35.2 from 47.0 in October, far below the Reuters median for 44.0 and follwoing the weakest KOF leading indicator reading in over five years. A breakdown of...

The Purchasing Managers Index shows the industrial sector contracted in Switzerland for the third consecutive month. The PMI number was released at 35.2, versus analyst’s estimates of 45.5. The Swiss ...

German October retail sales dropped 1.6% m/m. This was much weaker than expectations for a rise of 0.5% m/m, but September data were revised up to -1.0% m/m from -2.3% m/m reported initially. The seco...

Canada's current account surplus narrowed to $5.6 billion in Q3 2008 (seasonally adjusted), down from $8.2 billion in the previous quarter. The reduction was largely as a result of a lower goods surpl...

The CBI survey showed that retail sales contracted for the eight month in a row. Responding to the CBI's latest Distributive Trades Survey, 16 per cent of firms said that sales were higher in the firs...

The Swiss Leading Indicator was released at -0.05 points, much lower than the forecasted number. The index shows that the GDP growth might be flat in the coming quarters. Analyzed by its sub-indexes, ...

Switzerland's leading KOF indicator dropped to the lowest level in at least five years. The indicator predicts the economy's direction about six month ahead fall to -0.05 from revised 0.28 reading in ...

The strong declines seen lately in the commodity markets, especially in the crude oil’s valuation, has caused the Euro-area CPI to approach the 2% target rate faster than any one would have thought a ...

The unemployment rate in the Euro-area rose to 7.7%, higher than the market expected. The unemployment rate for the month of September was revised higher, to 7.6%. About 12 million persons work in the...

Euro-Zone October unemployment rose to 7.7% and September data was revised up to 7.6% from 7.5% reported initially. The overall rise reflects sharp increases in countries such as Spain, France and Ire...

This is a survey that queries economic participants on their current and future expectations for the UK economy. The figure is released at the start of each month, making consumer confidence a timely ...

Retail sales are the measure of the total sales of goods and services by retail stores in Japan. This is also an important part of figuring the country’s GDP. Retail sales are an important measure of ...

Euro-Zone November economic sentiment dropped to 74.9 from 80.0 in October. This was much lower than estimation of 78.0 and October numbers were revised down from an initially reported 80.4, so data a...

Consumer confidence in the Euro-area fell to -25, as expected. The index is just a few points above the bottom reached in early 2003. The last time the euro-area consumer confidence report was above t...

Germany's November s.a. jobless total dropped 10 K over the month, better than the estimation of -5K and leaving the adjusted jobless rate unchanged at a 16 year low of 7.5%. However, labor office hea...

The M3 number hit the wires at 8.7% higher than what analyst had previously estimated. The number for the month of September was revised slightly higher, to 8.7%. The Euro area M3 was expanding at a v...

The number of unemployed persons looking for a job in Germany for the month of November came in at -10K, stronger than what analysts had expected. The unemployment number in Germany has been in a stro...

Employment opportunities in Switzerland increased 2.0% in the third quarter despite expectations for a 1.9% gain. Meanwhile, the employment reading for the second quarter was revised higher to 3.4% fr...

U.K. Nationwide house prices fell 0.4% m/m and 13.9% y/y in November, less than expected and versus market median estimates for drops of 1.7% and 15.0% respectively and compared to -1.3% m/m and -14.6...

The trend estimate for total new capital expenditures rose in terms of volume by 2.9 percent in the September quarter of 2008 while the seasonally adjusted rate rose 0.6 percent. The estimate for buil...

The Chicago Purchasing Managers Index plunged in October to 33.8, its lowest level since April 1982 and another indication the recession is deepening. The price index declined toward neutral, reaching...

Price data released by Germany today exemplify a remarkable reversal of inflation trends and risks. Import prices dropped 3.6% in October on top of declines of 1.0% in September and 0.8% in August, an...

New home sales in the US fell 5.3% month over month to 433k units on an annualized basis. The market was expecting a more muted fall of 5% to 441k. The prior month's reading of 464k was revised down t...

Personal consumer expenditure (PCE) fell 1% in October, in line with market expectations and following a 0.3% decline in September. Personal income, however, rose 0.3%, beating forecasts for a 0.1% in...

New home sales dropped 5.3 percent in October to an annual pace of just 433,000 sales. The weakness in October was apparent across the economy and home sales did not escape the problems. The potential...