Monthly Archives: November 2020

November 2020

Economic Outlook – 22 November 2020

2020-11-22T21:42:44+00:00

US Retail sales improved by 0.3% in October, extending their winning streak to six months. The outturn, however, was below market expectations and a marked deceleration in the pace of gains from the 1.5% av­eraged in the three months prior. Within this slowing trend, there’s a noticeable shift toward online shopping. Sales at non-store retailers, [...]

Economic Outlook – 22 November 2020 2020-11-22T21:42:44+00:00

Economic Outlook – 15 November 2020

2020-11-15T22:06:16+00:00

US Small business confidence was unchanged in October, although business owners are clearly concerned about the future path of economic policy. The uncertainty index jumped to 98.0 in October, near a record high. The election uncertainty will fade, but the recent spike in COVID cases and what that is likely to mean for customer engagement [...]

Economic Outlook – 15 November 2020 2020-11-15T22:06:16+00:00

Economic Outlook – 8 November 2020

2020-11-08T18:47:14+00:00

US October NFP (nonfarm payrolls) showed another month of solid gains. The improvement in the unemploy­ment rate was even more impressive, falling a full percent­age point to 6.9% from 7.9%. Just as encouraging, the report showed a rebound in the labor force participation rate and decline in the permanent job losses. These have been rising [...]

Economic Outlook – 8 November 2020 2020-11-08T18:47:14+00:00

Economic Outlook – 1 November 2020

2020-11-01T20:35:47+00:00

US The American economy rebounded sharply in Q3 following one of the steepest contractions on record in Q2. Economic growth accelerated at a 33.1% annualized pace, re­covering about two-thirds of the activity lost in the first half of the year. Overall, real GDP is still 3.5% below where it was at the end of 2019. [...]

Economic Outlook – 1 November 2020 2020-11-01T20:35:47+00:00