puricassarag

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So far puricassarag has created 361 blog entries.

December 2024

Economic Outlook – 1 December 2024

2024-12-01T19:56:12+00:00

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 [...]

Economic Outlook – 1 December 2024 2024-12-01T19:56:12+00:00

November 2024

Economic Outlook – 24 November 2024

2024-11-23T13:53:44+00:00

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. [...]

Economic Outlook – 24 November 2024 2024-11-23T13:53:44+00:00

Economic Outlook – 17 November 2024

2024-11-21T20:27:34+00:00

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%) [...]

Economic Outlook – 17 November 2024 2024-11-21T20:27:34+00:00

Economic Outlook – 10 November 2024

2024-11-10T21:53:52+00:00

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 [...]

Economic Outlook – 10 November 2024 2024-11-10T21:53:52+00:00

Economic Outlook – 3 November 2024

2024-11-03T15:20:52+00:00

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%. [...]

Economic Outlook – 3 November 2024 2024-11-03T15:20:52+00:00

October 2024

Economic Outlook – 27 October 2024

2024-11-03T15:35:40+00:00

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 [...]

Economic Outlook – 27 October 2024 2024-11-03T15:35:40+00:00

Economic Outlook – 13 October 2024

2024-10-14T10:37:23+00:00

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 [...]

Economic Outlook – 13 October 2024 2024-10-14T10:37:23+00:00

Economic Outlook – 6 October 2024

2024-10-07T06:12:44+00:00

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 [...]

Economic Outlook – 6 October 2024 2024-10-07T06:12:44+00:00

September 2024

Economic Outlook – 29 September 2024

2024-09-29T11:35:54+00:00

USANominal personal income rose 0.2% in August, two ticks less than the median economist forecast calling for a +0.4% print. The wage/salary component of income moved up 0.5%, while income derived from government transfers edged up 0.1%. Personal current taxes, meanwhile, jumped 0.5%. All this translated into a 0.2% increase in disposable income.Nominal personal spending, [...]

Economic Outlook – 29 September 2024 2024-09-29T11:35:54+00:00

Economic Outlook – 22 September 2024

2024-09-23T19:41:05+00:00

USAAfter being negatively impacted by Hurricane Beryl in July (-0.9%), industrial production rebounded in August, increasing by 0.8%. Manufacturing output expanded 0.9% thanks in large part to a 9.8% jump in the motor vehicles/parts segment. Excluding autos, factory output rose a more subdued 0.3%. Among the main subcategories, primary metals (+3.2%) and electrical equipment (+2.0%) [...]

Economic Outlook – 22 September 2024 2024-09-23T19:41:05+00:00