US Housing data dominated the somewhat light US economic calendar this week, delivering a mixed bag of news. Housing starts disappointed, down 105k in March, while home builders’ confidence held firm. On a brighter note, existing home sales rose ahead of expectations. The US labour market continued to improve consistently. After an already healthy reading [...]
US Investors were treated to a mixed bag of US economic data this week. Retail sales for March (-0.3%) and industrial production for February (-0.6%) came in on the soft side, but weekly jobless claims for the week of April 9th fell to a 43 year low, suggesting ongoing job market strength. Vehicle sales raced [...]
US Economic activity in the first quarter is expected to barely register a positive reading. Understandably, many will suspect that the US economy has hit a speed bump. That said, domestic demand continues to gain, with weakness still concentrated in mining, manufacturing, and trade. Indeed, widening in the real trade balance in February suggests trade [...]
US The US economy added 215000 jobs in March and average hourly earnings ticked up 0.3%. In addition, labor force participation continued to rebound, advancing to 63%. Data out of the factory sector were also encouraging, as the ISM manufacturing index snapped its streak of five consecutive months in contraction territory with a reading of [...]
