Martin Höpner is head of a research group at the MPIfG (Max-Planck Institut for society studies). The research group is titled ‘political economy of European integration’. I read a short article by him (here)
The seasonally adjusted headline number for initial unemployment claims came in close to consensus expectations at 336,000 for the week ended February 15. Actual filings totaled 323,151 (see Note below) which was down 7.9% from the same week a year ago.
The headline number for seasonally adjusted, nominal durable goods orders fell 4.3% in December. That was worse than the lowest guess of economists in a survey conducted by Bloomberg.
The retail sales headline number for December rose 0.2%, beating the market consensus of a flat month. As usual, the featured number was a seasonally adjusted, made up number, also not adjusted for inflation. The mainstream media noted the solid gain, but worried
After the ISM’s manufacturing new orders for December showed some life last week we had reason to expect a good report from the Non Manufacturing (services) sector. It didn’t happen.