Economic Outlook – 9 August 2020
US The manufacturing recovery picked up momentum during the month, with the ISM index rising to 54.2. Underlying details of the manufacturing report paint a brighter picture than previous months as well. The service sector [...]
Economic Outlook – 12 July 2020
US The ISM non-manufacturing index posted a 11.7-point jump to 57.1 for June. The improvement was broad-based as 3 of the 5subcomponents (and 14 out of 18 industries), reported positive growth for the month. This [...]
Economic Outlook – 5 July 2020
US During June, nonfarm payrolls rose by 4.8 million jobs, while the unemployment rate fell to 11.1%. Both were surprises to the upside. While this is certainly another step in the right direction, employment levels [...]
Economic Outlook – 28 June 2020
US As lockdown restrictions associated with the coronavirus pandemic eased last month, Americans opened their wallets wider than ever before as their spending rose a record 8.2%. Personal income fell 4.2% on the month as [...]
Economic Outlook – 21 June 2020
US Last week’s economic data offered mixed signals as to whether the economy will be able to manage a V shaped recovery. The Commerce Department reported a 17.7% surge in retail sales in May, better [...]
Economic Outlook – 14 June 2020
US The Fed released the FOMC meeting minutes which reveled the participants’ similarly grim growth outlooks. This which showed most participants believed the Fed would keep the rate at the zero lower bound through at [...]