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The Beige Book
Reports indicated that economic activity weakened in September across all twelve Federal Reserve Districts. Several Districts also noted that their contacts had become more pessimistic about the economic outlook.
Consumer spending decreased in most Districts, with declines reported in retailing, auto sales and tourism. Nearly all Districts commenting on nonfinancial service industries noted reduced activity. Manufacturing slowed in most Districts. Residential real estate markets remained weak, and commercial real estate activity slowed in many Districts. Read More
Last Updated on Monday, 04 May 2009 12:25 Written by Jawwad Ahmad
- UK Apr. PMI Manufacturing out at 42.9 vs. 40.0 expected and 39.5 prior
- USA Apr. Final Michigan sentiment out at 65.1 vs. 61.9 prior
- USA Mar. Factory Orders out at -0.9% vs. -0.6% expected and +0.7% prior
- USA Apr. ISM Manufacturing out at 40.1 vs. 39.4 expected and 36.3 prior
- USA Apr ISM Prices Paid out at 32.0 vs. 34.0 expected and 31.0 prior
- HK Apr. PMI out at 44.3 vs. 42.7 prior
- NZ Q1 Avg. Hourly earnings out at +1.1% vs. +0.6% expected and +0.8% prior
- AU Apr. TD Securities Inflation out at flat m/m, +2.1% y/y vs. -0.1%, +2.6% expected resp.
- AU Q1 House Price Index out at -2.2% m/m vs. flat expected and revised -1.2% prior
- AU Q1 House price Index out at -6.7% y/y vs. -3.9% expected and revised -3.9% prior
- AU ANZ Job Advertisements out at -7.5% m/m vs. -8.5% prior
Written by Jawwad Ahmad
Written by Jawwad Ahmad
Written by Jawwad Ahmad
Written by Jawwad Ahmad
Written by Jawwad Ahmad
Read more: United Kingdom's Big Increase in Gov't Funding...
Written by Jawwad Ahmad
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Political Economy
Pakistan agreed to a $7.6 billion bailout loan plan with the International Monetary Fund, to help the avert defaulting on its debt with the first such program in 4years.
Read More...Pakistan's top finance official says the country will receive at least $5 billion from the IMF within a month to avert a looming crisis.
Read More...Oil Economy
There was something for everybody as some economic indicators pointed towards the first “green shoots” of recovery while others supported the old saying that “one swallow does not make a summer”
Read More...Euro Without Support
EURO Without Support
The EUR certainly received no support from a better than expected ZEW survey yesterday (-53.5 vs. -63 expected) as the focus on continued risk aversion spelled trouble for the single currency and EURUSD and EURJPY posted new two-week lows late yesterday and overnight Read More
Japan Economy
Economy At Risk?
Top Economy Headlines
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Bank of Canada Surprised Markets... The Bank of Canada surprised markets with its Monetary Policy Report...
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Fed Chairman Ben Bernanke Said: "The continuing volatility of markets and recent indicators of...
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The Euro zone economy is stagnating... The Euro zone economy is stagnating with negative figures, Jean-Claude...
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Pakistan Economic Indicators
| Annual | 2007/08 | ||
| Foreign Debt | $45.00bn | ||
| Per Cap Income | $1085 | ||
| GDP Growth | 5.8% | ||
| Average CPI | 12.00% | ||
| Monthly | February | ||
| Trade Balance | $-857mln | ||
| Exports | $1.26bln | ||
| Imports | $2.12bln | ||
| Weekly April 09, 2009 | |||
| Reserves | $11.171 bln | ||
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