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The index that measures U.S. manufacturing activity, the Institue of Supply Management Index, fell from 60.4 to 57 in April 2011. Regional surveys such as the Chicago Federal Reserve Bank's index dropped by 11 points
The index that measures U.S. manufacturing activity, the Institue of Supply Management Index, fell from 60.4 to 57 in April 2011. Regional surveys such as the Chicago Federal Reserve Bank's index dropped by 11 points
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The Case-Shiller Index shows a decline in housing prices of 4.2% in the first quarter of 2011. This follows a drop of 3.6% in the fourth quarter of 2010. Of the 20 cities in the index, 12 were at a post-bubble low in March 2011. The yearly drop for Minneapolis was 10%. Only Washington D.C. showed a rise in March and over the year. Housing prices are at 2002 levels. The Center for Economic and Policy Research estimates a decline of 6-8% for the rest of 2011. The excess supply of housing was estimated at 1.8 million units in April 2010 by the financial Blog Calculated Risk, which used 2010 census data for the estimate calculations. The Conference Board consumer confidence index fell to 60.8 from a revised 66 in April 2011.
The Case-Shiller Index shows a decline in housing prices of 4.2% in the first quarter of 2011. This follows a drop of 3.6% in the fourth quarter of 2010. Of the 20 cities in the index, 12 were at a post-bubble low in March 2011. The yearly drop for Minneapolis was 10%. Only Washington D.C. showed a rise in March and over the year. Housing prices are at 2002 levels. The Center for Economic and Policy Research estimates a decline of 6-8% for the rest of 2011. The excess supply of housing was estimated at 1.8 million units in April 2010 by the financial Blog Calculated Risk, which used 2010 census data for the estimate calculations. The Conference Board consumer confidence index fell to 60.8 from a revised 66 in April 2011.
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The legacy of Jean-Claude Trichet, who led the European Central Bank from 2003 to 2011. This period covered the global financial crisis of 2008 and the Eurozone debt crisis for Ireland, Greece and Portugal. During this period Trichet acted decisively in shaping European policies for the ECB as a pan-European institution.
The legacy of Jean-Claude Trichet, who led the European Central Bank from 2003 to 2011. This period covered the global financial crisis of 2008 and the Eurozone debt crisis for Ireland, Greece and Portugal. During this period Trichet acted decisively in shaping European policies for the ECB as a pan-European institution.
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