USAThe Consumer Price Index progressed 0.4% in February, in line with consensus expectations. Prices in the energy segment retreated 0.6% as an increase for gasoline (+1.0%) was more than offset by steep declines for fuel oil (-7.9%) and utility gas services (-8.0%). The cost of food, meanwhile, rose 0.4%, marking its smallest progression in nearly [...]
USA· Nonfarm payrolls rose 311K in February, more than the median economist forecast calling for a +225K print. The previous months’ data. meanwhile were revised downward a cumulative 34K. Employment in the goods sector advanced 20K as a 4K drop in manufacturing was more than offset by a strong gain in the construction segment (+24K). Jobs [...]
USA The ISM Non-Manufacturing PMI remained relatively stable in expansion territory in February, moving from 55.2 to 55.1. This stabilization confirms that the December decline in the ISM index was exacerbated by poor weather conditions which caused numerous power outages and disrupted the travel plans of several households. Growth in business activity decelerated (from 60.4 to [...]
