Economic Outlook – 18 April 2021
USA • In March, housing starts rose 19.4% to a 15-year high of 1,739K (seasonally adjusted and annualized), exceeding by far the median economist forecast of 1,613K. Adding to the good news, the prior month’s [...]
Economic Outlook – 11 April 2021
USA • The goods and services deficit widened US$3.3 billion to US$71.1 billion. Overall, trade activity was soft, with goods imports and exports sinking 3.5% (US$4.8 billion) and 0.9% (US$2.0 billion), respectively. In the service [...]
Economic Outlook – 28 March 2021
• Global supply chains have been strained for over a year due to disruptions and bottlenecks caused by the coronavirus, and this week's grounding of a massive container ship in the Egypt's Suez Canal has [...]
Economic Outlook – 22 March 2021
US • Retail sales fell 3.0% month-on-month in February after gaining a revised 7.6% in January (up from an earlier 5.3% estimate). The decline was broad based but for two exceptions. o Sales were flat [...]
Economic Outlook – 14 March 2021
US • The Consumer Price Index rose 0.4% in February after climbing 0.3% the prior month. The result was in line with consensus expectations. o The energy component sprang 3.9% thanks in part to a [...]
Economic Outlook – 7 March 2021
US • Nominal personal income spiked 10.0% in January as American households received the aid cheques included in the USD$900 billion stimulus package signed at the end of Donald Trump’s presidency. o Income derived from [...]