Economic Outlook – 27 June 2021
USA • Nominal personal income declined 2.0% in May, slightly better than consensus expectations calling for a 2.5% decline. The wage/salary component of income rose 0.8%, while disposable income dropped 2.3%. Nominal personal spending, meanwhile, [...]
Economic Outlook – 20 June 2021
USA • Retail sales fell 1.3% during the month. The magnitude of the decline in sales was a bit more than anticipated; however, positive revisions to April's sales cushioned the blow. The dip in sales [...]
Economic Outlook – 13 June 2021
USA • The Consumer Price Index rose 0.6% in May after climbing 0.8% the prior month. The result was one tick stronger than expected by consensus. The energy component was flat in the month, with [...]
Economic Outlook – 6 June 2021
GLOBAL • Oil prices rises to the highest level in two years. This week OPEC stuck to the current plan of gradually normalising oil output. This led to Brent rising to just below USD72/bbl, as [...]
Economic Outlook – 30 May 2021
USA • The Conference Board Consumer Confidence Index dipped 0.3 point to 117.2, its first decline since December 2020. This essentially flat print was characterized by increased confidence in the present situation (+12.4 points to [...]
Economic Outlook – 23 May 2021
USA • Housing starts moved from a 15-year high of 1,733K in March to 1,569K in April (seasonally adjusted and annualized). This was significantly below the 1,704K print expected by analysts. The monthly decline was [...]