The Institute for Supply Management released its February 2010 Manufacturing Report On Business Monday. The report shows that manufacturing jobs grew for the third month in a row. Even more upbeat was the fact that the report indicates that job growth in the sector is now accelerating.
Furthermore, overall economic activity in the manufacturing [...]

Even if you don’t usually read the Economic Survey, this year, the chapter titled Micro foundations of inclusive growth is well worth reading.

It is a well known dictum in the context of economic analysis that you have to distinguish between stocks and flows and how focus on one instead of the other lead to misguided analysis. It is the same with growth and levels with the former defined as the growth from one period to another in [...]

Two key reports this week continue to indicate that the manufacturing sector continues its strong rebound from a year ago.
On Tuesday, the Empire State general business conditions index jumped nearly 9 points to 24.91 — a reading that indicates substantial month-to-month acceleration in the region’s manufacturing conditions. New orders, at a level of 8.78, and [...]

GDP releases are, by nature, lagging indicators and thus do not say a whole lot on the current momentum in the economy. Moreover, the immediate attention span when it comes to the Eurozone remains, and rightly so, focused on the situation in Greece (and Spain) and what plan exactly that is to emerge from the [...]

The good folks at Icfai University Press and specifically the editor of the magazine The Analyst have queried me to answer some question on the Asian economies and their ascend to the top position (or not) of the global economy and what this means. They have shipped me some questions, given me a deadline and [...]

In NY Times, Paul Krugman (link) wrote about the comparison of European and U.S economic model, concluding that in the last 10 years, the European model of social democracy led to higher standard of living and, compared to U.S in output per hour and standard of living, and relative convergence of European countries relative to [...]

In short, if the world economy is to get through this crisis in reasonable shape, credit worthy surplus countries must expand domestic demand relative to potential output. How they achieve this outcome is up to them. But only in this way can the deficit countries realistically hope to avoid spending themselves into bankruptcy.
Martin Wolf [...]

You may remember us pointing to China’s rebounding manufacturing sector last quarter. Well, the country’s overall economic growth continues to accelerate and drive a global economic rebound.
On Thursday China announced that its gross domestic product in the fourth quarter 2009 grew by 10.7% year-over-year — thats up from a revised growth rate of 9.1% [...]

The New York Federal Reserve’s Empire State manufacturing survey report released on Friday indicates accelerating December-to-January growth in the New York region. The general business conditions index rose signficantly from 4.2 in December to 15.92. (any reading above zero indicates month-to-month growth; the larger the number, the faster the growth).

The new manufacturing orders index also [...]