USA Real GDP expanded 3.3% annualized in the fourth quarter, a lot more than the median economist forecast calling for a +2.0% print. Year on year, real GDP expanded 3.1%. Domestic demand grew at a healthy clip in the three months to December, supported by household consumption (+2.8% QoQ annualized) as well as [...]
USA Retail sales rose 0.6% in December, overshooting the +0.4% print expected by consensus. The prior month’s result was left unchanged at +0.3%. Sales of motor vehicles and parts contributed positively to the headline print by advancing 1.1% in the final month of Q4. Without autos, retail outlays rose a consensus-topping 0.4% as [...]
USA The Consumer Price Index rose 0.3% in December, more than the median economist forecast calling for a +0.2% print. The index had edged up 0.1% the month before. Prices in the energy segment progressed 0.4% as declines in two categories—fuel oil (-5.5%) and utility gas services (-0.4%)—were more than offset by gains [...]
USANonfarm payrolls rose 216K in December, more than the median economist forecast calling for a +175K print. This positive surprise, however, was offset by a -71K cumulative revision to the previous months ‘data. Employment in the goods sector in December advanced 22K thanks in large part to a 17K gain in the construction sector on [...]
