Friday, March 30, 2007

US - Construction spending for February

Construction spending rose 0.3 % against all expectation in February.
  • Mainly because gains in non-residential activities have offset the residential drop.
  • This is the biggest increase since March 2006.
Markets expected a 0.6% drop, and this situation is unlikely to happen again next month.

Official press release

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Posted at 2:33 PM | | Comments

CND - Real GDP for January

The canadian GDP growth slow at a pace of 0.1% in January form 0,4% in December.
  • This slowdown was caused by a decline in manufacturing activity particularly in the auto sector.
  • The public sector and utilities have grew the most.

This deceleration should continue in February because of a strike in the railways industry.

Official press release

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Posted at 12:59 PM | | Comments

US - University of Michigan's Index of Consumer Sentiment

At 88.4, the UMICS sank by 2.9 points.
  • The index have reach it lowest level since September 2006.
  • Current economics condition index felt more than expectation.

This news is confirming the point of view that consumer spending will decelerate in 2007.

Official press release

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Posted at 12:49 PM | | Comments

US - Personal income and outlays for February

Consumption spending and personal income increase more that expected in February.

  • Consumer real spending grew 0.2% after a 0.3% hike in January.
  • Personal income rose by 0.6% mainly from an jump in transfers.

Bad news for M. Bernake as inflation remain out of the Fed comfort zone.

  • PCE inflation at 2.4% on a year on year basis.
Cold weather have boosted energy consumption.

Official press release

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Posted at 8:39 AM | | Comments