Economic Outlook – 5 March 2023
USA The ISM Non-Manufacturing PMI remained relatively stable in expansion territory in February, moving from 55.2 to 55.1. This stabilization confirms that the December decline in the ISM index was exacerbated by poor weather conditions which [...]
Economic Outlook – 26 February 2023
USA The Consumer Price Index sprang 0.5% in January, the most in seven months. This was roughly in line with consensus expectations. Prices in the energy segment jumped 2.0% as a decline for fuel oil (-1.2%) [...]
Economic Outlook – 19 February 2023
USA The Consumer Price Index sprang 0.5% in January, the most in seven months. This was roughly in line with consensus expectations. Prices in the energy segment jumped 2.0% as a decline for fuel oil (-1.2%) [...]
Economic Outlook – 12 February 2023
USA The trade deficit widened from $61.0 billion in November to $67.4 billion in December. The expansion was due in large part to a 1.8% surge in goods imports (to $258.8 billion), led by consumer goods [...]
Economic Outlook – 5 February 2023
USA Nonfarm payrolls surged 517K in January, the most in 6 months and nearly three times as much as the +188K print expected by consensus. Adding to this positive surprise, the previous months’ data were revised [...]
Economic Outlook – 29 January 2023
USA The Bureau of Economic Analysis put out its first estimate of Q4 GDP growth. The economy reportedly expanded 2.9% annualized in the quarter, a bit more than the median economist forecast calling for a +2.6% [...]