Monthly Archives: October 2021

October 2021

Economic Outlook – 31 October 2021

2021-10-31T17:46:13+00:00

USA • The Bureau of Economic Analysis put out its first estimate of Q3 GDP growth. The economy reportedly expanded an annualized 2.0% in the quarter, which was less than the +2.6% print expected by consensus. Following in the footsteps of four solid expansions, this gain nonetheless hoisted economic output 1.4% above its pre-crisis level. [...]

Economic Outlook – 31 October 2021 2021-10-31T17:46:13+00:00

Economic Outlook – 24 October 2021

2021-10-24T08:23:09+00:00

USA • September instead of rising 0.1% as per consensus. Adding to the disappointment, the prior month’s figure was revised down from +0.4% to -0.1%. As a result, industrial production fell 1.3% below its pre-pandemic level in September after surpassing that mark for the first time in July. Manufacturing output sagged 0.7% MoM as production [...]

Economic Outlook – 24 October 2021 2021-10-24T08:23:09+00:00

Economic Outlook – 17 October 2021

2021-10-21T04:04:44+00:00

USA • The Consumer Price Index advanced 0.4% MoM in September after climbing 0.3% the prior month. The result was a touch stronger than the 0.3% print expected by consensus. The energy component rose 1.3% thanks in part to a 1.2% gain in the gasoline segment. The cost of food, for its part, increased 0.9%.The [...]

Economic Outlook – 17 October 2021 2021-10-21T04:04:44+00:00

Economic Outlook – 10 October 2021

2021-10-10T09:03:23+00:00

USA • Non-farm payrolls rose just 194K in September, a lot less than the +500K print expected by consensus. Partially compensating for this disappointing result, the prior month’s results were upgraded by a sizeable 169K. The private sector added 317K jobs. Employment in the goods sector sprang 52K thanks to gains in manufacturing (+26K), construction [...]

Economic Outlook – 10 October 2021 2021-10-10T09:03:23+00:00

Economic Outlook – 3 October 2021

2021-10-10T09:04:24+00:00

USA • Durable goods orders increased in August. Total orders were up 1.8% MoM, far above the +0.7% print expected by consensus. July orders growth was revised from -0.1% to +0.5%. Following the monthly increase for this indicator, total orders were 14.1% above their February 2020 (prepandemic) level. The improvement in August was due mainly [...]

Economic Outlook – 3 October 2021 2021-10-10T09:04:24+00:00