USA The S&P Global Flash Composite PMI slipped from 52.5 in February to 52.2 in March, a level that nonetheless remains consistent with a healthy improvement in private sector operating conditions. New orders and output continued to expand, albeit at a slower pace than in the prior month. That did not prevent employment [...]
USAThe Consumer Price Index rose a consensus-matching 0.4% in February after climbing 0.3% the prior month. Prices in the energy segment rose 2.3%, on gains for gasoline (+3.8%), fuel oil (+1.1%), utility gas services (+2.3%), and electricity (+0.3%). The cost of food was unchanged month on month. The core CPI, which excludes food and energy, [...]
USANonfarm payrolls rose 275K in February, a lot more than the median economist forecast calling for a +275K. However, this upside surprise was more than compensated by a -167K cumulative revision to the prior months’ data. Employment in the goods rose 19k as a 23K gain in construction was only partially offset by a 4K [...]
USANominal personal income increased 1.0% in January, a lot more than expected by consensus (+0.4%). The wage/salary component of income showed a 0.4% gain, whereas income derived from government transfers surged 2.3%, the most since 2021M07. Personal current taxes, meanwhile, jumped 6.0%. All this translated into a 0.3% increase in disposable income. Nominal personal spending, [...]
