Economic Outlook – 22 October 2023
USA Retail sales advanced 0.7% in September, overshooting the +0.3% print expected by consensus. Adding to the good news, the prior month’s result was revised upward, from +0.6% to +0.8%. Sales of motor vehicles/parts contributed positively [...]
Economic Outlook – 15 October 2023
USA The Consumer Price Index progressed 0.4% in September, a tick more than the +0.3% print expected by consensus. Prices in the energy segment advanced 1.5% as gains for fuel oil (+8.5%), gasoline (+2.1%), and electricity [...]
Economic Outlook – 8 October 2023
USA Nonfarm payrolls rose 336K in September, blowing past consensus expectations calling for a +170K print. This positive surprise was compounded by a 119K cumulative revision to the previous months’ data. Employment in the goods sector [...]
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 [...]