USAThe S&P Global Flash Composite PMI signalled yet another solid expansion in private sector activity in October, as it rose from 54.0 to 54.3. New orders (from 52.5 to 54.2) piled up at the fastest pace in 17 months but that did not prevent a modest decline in private sector employment. Inflation continued to ease [...]
USAThe Consumer Price Index rose 0.2% in September, more than the median economist forecast calling for a +0.1% print. This came in the wake of another 0.2% gain the prior month. Price in the energy segment fell 1.9% on declines for fuel oil (-6.0%) and gasoline (-4.1%). The sub-indices tracking the cost of electricity and [...]
USANonfarm Payrolls (NFP) rose 254K in September, a lot more than the median economist forecast calling for a +150K print. This positive surprise was compounded by a 72K cumulative positive revision to the prior months’ results. Employment in the goods sector rose 21K as a 25K gain in the construction segment was only partially offset [...]
