Economic Outlook – 28 May 2023
USA Demand in the manufacturing sector is also showing signs of stabilizing. Durable goods orders surprised to the upside in April, increasing 1.1% over the month. While defense orders drove much of the headline increase, nondefense [...]
Economic Outlook – 21 May 2023
USA Retail sales edged up 0.4% in April, half as much as expected by consensus. Sales of motor vehicles and parts rose 0.4% after falling 1.4% the previous month. Without autos, retail outlays increased 0.4% as [...]
Economic Outlook – 14 May 2023
USA After rising 0.1% in March, the Consumer Price Index climbed a consensus-matching 0.4% in April. Prices in the energy segment were up 0.6% as an increase for gasoline (+3.0%) was only partially offset by decreases [...]
Economic Outlook – 7 May 2023
USA Nonfarm payrolls rose 253K in April, a lot more than the median economist forecast calling for a +185K print. However, this positive surprise was offset by a -143K cumulative revision to the previous months’ data. [...]
Economic Outlook – 30 April 2023
US The Bureau of Economic Analysis put out its first estimate of Q1 GDP growth. The economy reportedly expanded 1.1% annualized in the quarter, undershooting the median economist forecast calling for a +1.9% print. This gain [...]
Economic Outlook – 23 April 2023
USA The S&P Global Flash Composite PMI progressed 1.2 point in April to an 11-month high of 53.5, signaling a solid expansion in private sector activity. New orders piled up at the fastest pace in almost [...]