Weekly Economic Outlook

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 [...]

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 [...]

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 [...]

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 [...]

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’ [...]

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 [...]