Economic Outlook – 29 August 2021
USA • Durable goods orders fell 0.1% to US$257.2 billion after swelling 0.8% and 3.2% in June and May, respectively. Orders for vehicles and parts rose US$2.96 billion or 5.8% to US$53.8 billion, a gain [...]
Economic Outlook – 22 August 2021
USA • Retail sales fell 1.1% in July, more than the 0.3% drop expected by consensus. The negative surprise was only partially compensated by an upward revision to the prior month’s result from +0.6% to [...]
Economic Outlook – 15 August 2021
USA • According to the Job Openings and Labor Turnover Survey, the number of available jobs to be filled totaled 10.07 million as at the last business day of June, a new record high, up [...]
Economic Outlook – 8 August 2021
USA • The ISM manufacturing index for July came in slightly below expectations at 59.5, the first sub-60 headline reading since January. Below the headline, there was some indication that supply and demand were coming [...]
Economic Outlook – 11 July 2021
USA • Nonfarm employment finally broke out to the upside, with employers adding 850,000 jobs in June. Revisions to the prior two months' data were fairly small, resulting in 15,000 more jobs. Job gains were [...]
Economic Outlook – 4 July 2021
USA • Nonfarm payrolls rose 850K in June, more than the +720K print expected by consensus. Adding to the good news, the prior months’ results were upgraded by 15K. The private sector added 662K jobs. [...]