Economic Outlook – 16 August 2020
US Inflation, as measured by the Consumer Price Index, rebounded more sharply than expected. Core inflation rose 0.6% month-over-month, the largest jump since 1991. The move was largely due to price hikes in areas that [...]
Economic Outlook – 9 August 2020
US The manufacturing recovery picked up momentum during the month, with the ISM index rising to 54.2. Underlying details of the manufacturing report paint a brighter picture than previous months as well. The service sector [...]
Economic Outlook – 12 July 2020
US The ISM non-manufacturing index posted a 11.7-point jump to 57.1 for June. The improvement was broad-based as 3 of the 5subcomponents (and 14 out of 18 industries), reported positive growth for the month. This [...]
Economic Outlook – 5 July 2020
US During June, nonfarm payrolls rose by 4.8 million jobs, while the unemployment rate fell to 11.1%. Both were surprises to the upside. While this is certainly another step in the right direction, employment levels [...]
Economic Outlook – 28 June 2020
US As lockdown restrictions associated with the coronavirus pandemic eased last month, Americans opened their wallets wider than ever before as their spending rose a record 8.2%. Personal income fell 4.2% on the month as [...]
Economic Outlook – 21 June 2020
US Last week’s economic data offered mixed signals as to whether the economy will be able to manage a V shaped recovery. The Commerce Department reported a 17.7% surge in retail sales in May, better [...]