Economic Outlook – 9 January 2022
USA • Nonfarm payrolls rose just 199K in December, a lot less than the +450K figure expected by consensus. Partially compensating for this disappointing result, the prior months’ results were upgraded a massive 141K. The [...]
Economic Outlook – 19 December 2021
USA • Retail sales rose just 0.3% in November, less than the median economist forecast calling for a +0.8% print. The previous month’s result, meanwhile, was revised up from +1.7% to +1.8%. Sales of motor [...]
Economic Outlook – 12 December 2021
USA • Core CPI inflation slowed slightly from October but remained hot at 0.5% MoM. As expected, motor vehicles once again pushed core goods prices higher. New vehicle prices rose 1.1% while used car and [...]
Economic Outlook – 5 December 2021
USA • Nonfarm payrolls rose just 210K in November, a lot less than the +550K figure expected by consensus. Partially compensating for this disappointing result, the prior months’ results were upgraded by 82K. The private [...]
Economic Outlook – 28 November 2021
USA • Markit’s flash composite PMI came in at 56.5 in November, down from 57.6 the month before but still consistent with a solid rate of expansion in the private sector. Operating conditions continued to [...]
Economic Outlook – 21 November 2021
USA • Retail sales rose 1.7% in October, topping the median economist forecast calling for a +1.4% print. The previous month’s result, meanwhile, was revised up from +0.7% to +0.8%. Sales of motor vehicles and [...]