Weekly Economic Outlook

USA • Retail sales rose 1.7% in October, topping the median economist forecast calling for a +1.4% print. The previous month’s result, meanwhile, was revised up from +0.7% to +0.8%. Sales of motor vehicles and [...]

USA • The Consumer Price Index rose 0.9% MoM in October after climbing 0.4% the prior month. This result was significantly stronger than the +0.6% print expected by consensus. The energy component advanced 4.8% thanks [...]

USA • Non-farm payrolls rose 531K in October, more than the +450K print expected by consensus. Adding to the good news, the prior month’s results were upgraded by a sizeable 235K. The private sector added [...]

USA • The Bureau of Economic Analysis put out its first estimate of Q3 GDP growth. The economy reportedly expanded an annualized 2.0% in the quarter, which was less than the +2.6% print expected by [...]

USA • September instead of rising 0.1% as per consensus. Adding to the disappointment, the prior month’s figure was revised down from +0.4% to -0.1%. As a result, industrial production fell 1.3% below its pre-pandemic [...]

USA • The Consumer Price Index advanced 0.4% MoM in September after climbing 0.3% the prior month. The result was a touch stronger than the 0.3% print expected by consensus. The energy component rose 1.3% [...]