USA The Consumer Price Index edged up a consensus-matching 0.1% in May. Prices in the energy segment dropped 3.6% on declines for fuel oil (-7.7%), gasoline (-5.6%), and utility gas services (-2.6%). The cost of food, meanwhile, advanced 0.2%. The core CPI, which excludes food and energy, rose 0.4% in line with the median economist forecast. [...]
US The Markit flash composite PMI came in at 58.8 in February (vs. 58.7 the prior month), signalling the broadest improvement in private-sector activity in almost 6 years. The degree of optimism towards future output remained very high, with rollouts of vaccines acting as a confidence booster.The manufacturing sub-index edged down from 59.2 to 58.5, [...]
US The Consumer Price Index increased 0.3% in January, in line with consensus expectations. It had climbed 0.2% each of the two previous months.The energy component sprang 3.5% thanks in part to a 7.4% jump in the gasoline segment.The cost of food rose 0.1% on a 0.3% advance in the “food away from home” category.The [...]
US January nonfarm payrolls rose 49K, less than the +105K print expected by consensus. The negative surprise was compounded by a 159K downward revision to the prior months’ results.The private sector added 6K jobs in January.Goods sector employment edged down 4K as a gain in the mining/logging segment (+9K) was more than offset by small [...]
US The Consumer Price Index increased 0.4% in December after climbing 0.2% the prior month. This result was in line with consensus expectations.The energy index sprang 4.0% month-on-month thanks in large part to an 8.4% jump in the gasoline segment.The cost of food progressed 0.4% on advances for both “food away from home” (+0.4%) and [...]
US The Consumer Price Index increased 0.4% in December after climbing 0.2% the prior month. The energy index sprang 4.0% month-on-month thanks in large part to an 8.4% jump in the gasoline segment. The cost of food, meanwhile, progressed 0.4% on advances for both “food away from home” (+0.4%) and “food at home” (+0.4%). The [...]
US The Consumer Price Index increased 0.4% in December after climbing 0.2% the prior month. This result was in line with consensus expectations.The energy index sprang 4.0% month-on-month thanks in large part to an 8.4% jump in the gasoline segment.The cost of food, meanwhile, progressed 0.4% on advances for both “food away from home” (+0.4%) [...]
US The December nonfarm payrolls fell 140K, a result much worse than the +50K print expected by consensus. The negative surprise was partially offset by a 135K upward revision to the prior month’s results. The private sector shed 95K jobs while employment in the public sector dropped 45K. Without wishing to minimize the losses suffered [...]
US The November retail sales report came in a lot weaker than expected. After an impressive run of positive gains from May to September, consumer outlays decreased for the second month in a row, adding to signs that the US economic rebound is losing its spring amid the surging number of COVID-19 cases. The real [...]
US The Consumer Price Index rose 0.2% in November after holding steady the month before. The result overshot consensus expectations for a 0.1% print. Energy prices overall were up 0.4% month-on-month as lower gasoline prices (-0.4%) were more than offset by higher prices for electricity (+0.5%), gas (+3.1%) and fuel oil (+3.6%). The cost of [...]
