Economic Outlook – 17 January 2021
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% [...]
Economic Outlook – 10 January 2021
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 [...]
Economic Outlook – 20 December 2020
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 [...]
Economic Outlook – 13 December 2020
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 [...]
Economic Outlook – 6 December 2020
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 [...]
Economic Outlook – 29 November 2020
US The Markit flash composite PMI came in at 57.9 in November (56.3 in October), signaling the broadest improvement in private-sector activity since March 2015. The degree of optimism towards future output sprang to its [...]