Weekly Economic Outlook

Weekly Economic Outlook 2017-05-01T17:51:08+00:00

Economic Outlook – 1 October 2023

USA The third estimate of Q2 GDP growth came in at +2.1% in annualized terms, unchanged from the second estimate but a nick shy of the median economist forecast (+2.2%). In addition, the series of historical [...]

Economic Outlook – 24 September 2023

USA Housing starts decreased 11.3% to 1,283K in August, a sharper decline than expected by consensus (1,439K). Adding to the disappointment, the previous month’s result was revised down from 1,452K to 1,447K. The August print was [...]

Economic Outlook – 17 September 2023

USA The Consumer Price Index rose a consensus-matching 0.6% in August. Prices in the energy segment shot up 5.6% on gains for gasoline (+10.6%) and fuel oil (+9.1%). The cost of food, meanwhile, advanced 0.2%. The [...]

Economic Outlook – 10 September 2023

USA The ISM Services Index bested consensus expectations and rose to 54.5, hitting the highest reading since February. The monthly upturn highlights ongoing strength in the service sector, which has shown little indication of slowing in [...]

Economic Outlook – 3 September 2023

USA Nonfarm payrolls rose 187K in August, a bit more than the median economist forecast calling for a +170K print. However, this positive surprise was held back by a -110K cumulative revision to the previous month’s [...]

Economic Outlook – 27 August 2023

USA Existing-home sales declined 2.2% in July to 4,070K (seasonally adjusted and annualized). Contract closings fell in both the single-family (-1.9% to 3,650K) and the condo (-4.5% to 420K) segments. Lower sales, combined with an increased [...]