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THE ECONOMY.(TO THE POINT)
Housing affordability falls in Q3
The National Association of Realtors said the median annual income of families could cover 136.6% of the cost of a down payment on a median-priced home in Q3, down from 143.8% in Q2. The affordability gauge fell to its lowest level since Q3 '02, when it stood at 135.3%. Housing affordability hit a 30-year high in Q1 and remains near its average for '02, a record year for sales.
Fed: U.S. automakers facing glut
Chicago Fed President Michael Moskow said automakers will have to trim some excess capacity. That could hurt the Midwest, if the cuts are made mainly by the Big Three, which recently inked a new union contract that allows for plant closures affecting 12,000 workers. Analysts say the U.S. can produce 20 mil vehicles a year, about 3 mil above the recent annual sales pace.
** The Fed's Moskow said he expects U.S. employment growth to come at the end of '03 or beginning of '04. The increase in temporary help jobs for each of the past five months is a "very positive sign."
European factories busier in Oct.
- Harrisburg Index rose in the third quarter. (Commonwealth National Bank Index...
- Press release article from: PR Newswire November 23, 1990 700+ words
HARRISBURG INDEX ROSE IN THE THIRD QUARTER HARRISBURG, Pa., Nov. 23 /PRNewswire/ -- The Commonwealth National Bank Index...Commonwealth National Bank ST: Pennsylvania IN: FIN SU: ECO JT -- PG004 -- 9569 11/23/90 15:02 EST
- Mellon Pittsburgh Index rose in January.
- Press release article from: PR Newswire March 22, 1989 700+ words
MELLON PITTSBURGH INDEX ROSE IN JANUARY PITTSBURGH, March 22 /PRNewswire/ -- Mellon Bank's Performance Index for Pittsburgh rose...0850/ (MEL) CO: Mellon Bank ST: Pennsylvania IN: FIN dm -- PG009 -- 0930 03-22-89 12:28 EST
- The Los Angeles-Long Beach-Anaheim Metropolitan Area Consumer Price Index rose...
- Press release article from: PR Newswire August 22, 1984 700+ words
...percent from July 1983. The housing index rose 0.4 percent from June to July, and...last year. The other goods and services index rose 1.8 percent from June and was up 3...reported since January 1983. The housing index rose 0.4 percent in July. Both renters...
- Bank of Israel: Economic growth slowed in July: The State of the Economy Index...
- Newspaper article from: Globes (Tel Aviv, Israel) August 21, 2006 700+ words
...The Bank of Israel State of the Economy Index rose just 0.2 percent in July to 114.3...percent in June. The State of the Economy Index rose 5.5 percent in January-July, after...2005 and 6.7 percent in 2004. The index rose 2 percent in the second quarter of 2006...
- In Brief: Confidence Index Rose Before Stock Drop.(Brief article)
- Magazine article from: American Banker March 12, 2007 700+ words
...firm announced last week that its Spectrem Affluent Investor Index rose 1 point in February, to 11, returning to mildly bullish...above its March 2006 level. The Spectrem Millionaire Investor Index rose 4 points in February, to a mildly bullish 19, exactly where...
- UAE: DUBAI FINANCIAL MARKET INDEX ROSE BY 32%.(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database May 30, 2005 700+ words
...Consulting & Investment Company, shows that the Dubai Financial Market index rose by 32.4% in the first quarter of the current year. The same index rose by 172% last year. Until May 24, 2005, the index of the Dubai Financial Market...
- News In Brief: ISM Services Index Rose in December.
- Magazine article from: The Bond Buyer Siegel, Gary E. January 6, 2005 700+ words
...Management's non-manufacturing business activity composite index rose to 63.1% in December from 61.3% in November, on a seasonally...sentiment gained to 64.0% from 61.5%; supplier deliveries index rose to 55.5% from 55.0%, and imports dipped to 61.0...
- News In Brief: ISM Non-Mfg Index Rose to 62.2% in June.
- Magazine article from: The Bond Buyer Siegel, Gary E. July 7, 2005 700+ words
...Management's non-manufacturing business activity composite index rose to 62.2% in June from 58.5% in May, on a seasonally...sentiment was up to 64.5% from 63.0%; supplier deliveries index rose to 56.5% from 53.5%, and imports gained to 58.5...