Economic Outlook – 9 July 2023
USA Nonfarm payrolls rose 209K in June, less than the median economist forecast calling for a +230K print. This negative surprise was compounded by a -110K cumulative revision to the previous months’ data. Employment in the [...]
Economic Outlook – 2 July 2023
USA Nominal personal income increased 0.3% in May, a bit more than the median economist forecast calling for a 0.2% gain. Amid a labour market that remains healthy, the wage/salary component of income progressed 0.3%, while [...]
Economic Outlook – 25 June 2023
USA The S&P Global Flash Composite PMI fell 1.3 points in June to a 3-month low of 53.0 but continued to signal a solid expansion in private sector activity. Output and new orders continued to expand, [...]
Economic Outlook – 18 June 2023
USA The Consumer Price Index edged up a consensus-matching 0.1% in May. Prices in the energy segment dropped 3.6% on declines for fuel oil (-7.7%), gasoline (-5.6%), and utility gas services (-2.6%). The cost of food, [...]
Economic Outlook – 11 June 2023
USA The ISM non-manufacturing PMI fell to its lowest level since December 2022 but managed to keep a toe in expansion territory (from 51.9 to 50.3). Growth in business activity decelerated (from 52.0 to 51.5) while [...]
Economic Outlook – 4 June 2003
USA Nonfarm payrolls rose 339K in May, a lot more than the median economist forecast calling for a +195K print. This positive surprise was compounded by a +93K cumulative revision to the previous months’ data. Employment [...]