Economic Outlook – 9 July 2017
US The ISM manufacturing index kicked off the fireworks a day early on Monday, climbing to 57.8 in June. This was the best print for the index since August 2014 when oil was still nearly [...]
Economic Outlook – 2 July 2017
US The US economy expanded 1.4% in the first quarter of the year, which was a larger-than-expected upgrade in the final look at GDP this week. The improvement was largely on the personal consumption line, [...]
Economic Outlook – 25 June 2017
US In the US housing market, single-family and multifamily starts and permits fell in May despite the still-elevated level of builder sentiment. Relieving some of the worries, existing home sales came in stronger than expected [...]
Economic Outlook – 18 June 2017
US The FOMC raised its short-term target rate 25 basis points at its June meeting to 1.25%, and published an addendum to lay the foundation for normalising the Fed’s balance sheet, with the caveat economic [...]
Economic Outlook – 11 June 2017
US In the US, the most striking piece of data from this past week was the surge in job openings in April. Openings rose a sizeable 259,000, surpassing 6.0 million in total and marking a [...]
Economic Outlook – 4 June 2017
US May’s NFP (nonfarm payroll) report showed that 138,000 jobs were added for the month, while the unemployment rate remained low at 4.3%. Among the industries adding the most jobs for the month were, professional [...]