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 [...]
US The ISM Manufacturing Index fell 1.8 points to a still strong 57.5 in November. The ISM is a diffusion index and measures the breadth of strength or weakness in the factory sector rather than the magnitude. Any reading above 50 means more manufacturers see conditions at their business improving rather than weakening. The forward-looking [...]
