USAThe S&P Global Flash Composite PMI signalled another solid expansion in private sector activity in December, as it rose from 54.9 to a 33-month high of 56.6. Business confidence was at its highest since Mary 2022, something respondents attributed to expectations of a more business friendly administration under the Trump Presidency, especially in terms of [...]
USAThe Consumer Price Index rose a consensus-matching 0.3% in November. This came in the wake of a 0.2% print the prior month. Prices in the energy segment edged up 0.2%, as a 0.4% decline in the electricity segment was more than offset by gains for fuel oil (+0.6%), gasoline (+0.6%) and utility gas services (+1.0%). [...]
USANFP (Nonfarm Payrolls) rose 227K in November, a tad more than the median economist forecast calling for a +220K print. The positive surprise was compounded by a +56K cumulative revision to the prior months’ results. Employment in the goods sector rose 34K, reflecting gains in manufacturing (+22K) and construction (+10K). Employment in the mining/logging segment [...]
USANominal personal income rose 0.6% in October, twice the rate expected by consensus (+0.3%) and the most in 9 months. The wage/salary component of income moved up 0.5%, while income derived from government transfers jumped 0.7%. Personal current taxes, meanwhile, edged up 0.1%. All this translated into a 0.7% increase in disposable income, the biggest [...]
