Economic Outlook – 11 July 2021
USA • Nonfarm employment finally broke out to the upside, with employers adding 850,000 jobs in June. Revisions to the prior two months' data were fairly small, resulting in 15,000 more jobs. Job gains were [...]
Economic Outlook – 4 July 2021
USA • Nonfarm payrolls rose 850K in June, more than the +720K print expected by consensus. Adding to the good news, the prior months’ results were upgraded by 15K. The private sector added 662K jobs. [...]
Economic Outlook – 27 June 2021
USA • Nominal personal income declined 2.0% in May, slightly better than consensus expectations calling for a 2.5% decline. The wage/salary component of income rose 0.8%, while disposable income dropped 2.3%. Nominal personal spending, meanwhile, [...]
Economic Outlook – 20 June 2021
USA • Retail sales fell 1.3% during the month. The magnitude of the decline in sales was a bit more than anticipated; however, positive revisions to April's sales cushioned the blow. The dip in sales [...]
Economic Outlook – 13 June 2021
USA • The Consumer Price Index rose 0.6% in May after climbing 0.8% the prior month. The result was one tick stronger than expected by consensus. The energy component was flat in the month, with [...]
Economic Outlook – 6 June 2021
GLOBAL • Oil prices rises to the highest level in two years. This week OPEC stuck to the current plan of gradually normalising oil output. This led to Brent rising to just below USD72/bbl, as [...]