Economic Outlook – 16 May 2021
USA • The Consumer Price Index rose 0.8% in April after climbing 0.6% the prior month. This result blew past consensus expectations calling for just a +0.2% print. The energy component edged down 0.1% thanks [...]
Economic Outlook – 9 May 2021
USA • Construction spending rose 0.2% to US$1,513.1 billion, which is 5.0% above the February 2020 level. Residential spending increased 1.7% MoM to a seasonally adjusted annual rate of US$725.2 billion. Spending on new single-family [...]
Economic Outlook – 2 May 2021
USA • The Bureau of Economic Analysis put out its first estimate of Q1 GDP growth. The economy reportedly expanded an annualized 6.4% in the quarter, which was slightly less than the +6.7% print expected [...]
Economic Outlook – 25 April 2021
USA • Initial jobless claims dropped from an upwardly revised 586K to a post-pandemic low of 547K in the week to April 17. Continued claims edged down, too, from 3,708K to 3,674K. Topping these up [...]
Economic Outlook – 18 April 2021
USA • In March, housing starts rose 19.4% to a 15-year high of 1,739K (seasonally adjusted and annualized), exceeding by far the median economist forecast of 1,613K. Adding to the good news, the prior month’s [...]
Economic Outlook – 11 April 2021
USA • The goods and services deficit widened US$3.3 billion to US$71.1 billion. Overall, trade activity was soft, with goods imports and exports sinking 3.5% (US$4.8 billion) and 0.9% (US$2.0 billion), respectively. In the service [...]