Economic Outlook – 20 December 2020
US The November retail sales report came in a lot weaker than expected. After an impressive run of positive gains from May to September, consumer outlays decreased for the second month in a row, adding [...]
Economic Outlook – 13 December 2020
US The Consumer Price Index rose 0.2% in November after holding steady the month before. The result overshot consensus expectations for a 0.1% print. Energy prices overall were up 0.4% month-on-month as lower gasoline prices [...]
Economic Outlook – 6 December 2020
US The ISM Manufacturing Index fell 1.8 points to a still strong 57.5 in November. The ISM is a diffusion index and measures the breadth of strength or weakness in the factory sector rather than [...]
Economic Outlook – 29 November 2020
US The Markit flash composite PMI came in at 57.9 in November (56.3 in October), signaling the broadest improvement in private-sector activity since March 2015. The degree of optimism towards future output sprang to its [...]
Economic Outlook – 22 November 2020
US Retail sales improved by 0.3% in October, extending their winning streak to six months. The outturn, however, was below market expectations and a marked deceleration in the pace of gains from the 1.5% averaged [...]
Economic Outlook – 15 November 2020
US Small business confidence was unchanged in October, although business owners are clearly concerned about the future path of economic policy. The uncertainty index jumped to 98.0 in October, near a record high. The election [...]