April 2014 Philly Fed Business Outlook Well Above Expectations

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The Philly Fed Business Outlook Survey again improved significantly and is now well into expansion territory for the second month. Key elements are also expanding.

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Final April 2014 Michigan Consumer Sentiment Again Beats Expectations

April 16th, 2014
in aa syndication, consumer sentiment

by Doug Short, Advisor Perspectives/dshort.com

The University of Michigan Consumer Sentiment final number for April came in at 84.6, a big jump from the 80.0 March final and up from the 82.6 April preliminary. This is the highest reading since the 85.1 interim high set in July of last year, and that was the highest since July of 2007. Today's update beat the Investing.com forecast of 83.0.

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March 2014 Industrial Production Growth Fairly Strong and Above Expectations

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The headlines say seasonally adjusted Industrial Production (IP) improved in March. Econintersect‘s analysis using the unadjusted data concurs – but adds that this whole data series was revised on 28 March 2014 generally upward.

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What's A Gini Coefficient?

by Timothy Taylor, Conversable Economist

When you look up economic statistics about inequality, you often see it measured with a Gini coefficient. But where does the Gini coefficient come from, how is it calculated, and intuitively what does it mean? Here are some thoughts.

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The Increasing Competitiveness of the Southern Eurozone

April 16th, 2014
in aa syndication, eurozone and euro

by Raphael Auer, Voxeu.org

Some view the improvements in current accounts for Greece, Italy, Portugal, and Spain as short-lived – the result of a temporary compression of import demand that is likely to be reversed as the recession eases. This column argues the contrary, based on the fact that their improving trade balances reflect better export performance. This development points toward a fundamental stabilisation of the competitiveness of these economies.

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