USThe S&P Global Flash Composite PMI signalled another solid expansion in private sector activity in November, as it rose from 54.1 to a 31-month high of 55.3. New orders (from 52.8 to 54.9) piled up at the fastest pace since May 2022 but that did not prevent a fourth consecutive decline in private sector employment. [...]
USAThe Consumer Price Index (CPI) rose 0.2% in October, in line with the median economist forecast. This came in the wake of another 0.2% gain the prior month. Price in the energy segment were flat as declines for fuel oil (-4.6%) and gasoline (-0.9%) were offset by the sub-indices tracking the cost of electricity (+1.2%) [...]
USAThe trade deficit deepened from $70.8 billion (revised from $70.4 billion) to $84.4 billion in September. This was due to an increase in the goods trade deficit of $14.2 billion to $109.0 billion, which represents the largest goods deficit in a little over two years. The variation was little changed by the services surplus (from [...]
USA Real GDP expanded 2.8% annualised in the third quarter, a result roughly in line with the median economist forecast calling for a +2.9% print. As this was stronger than potential, the output gap widened from +2.4% to +2.6%, the widest it has been since 1978. Year on year, real GDP was up 2.7%. [...]
