Economic Outlook – 5 November 2023
USA Nonfarm payrolls rose 150K in October, below the median economist forecast calling for a +180K print. This negative surprise was compounded by a -101K cumulative revision to the previous months’ data. Employment in the goods [...]
Economic Outlook – 29 October 2023
USA Real GDP grew 4.9% annualized in the third quarter, more than the median economist forecast calling for a +4.5% print. YOY, real GDP expanded 2.9%. Domestic demand grew at a very healthy clip in the [...]
Economic Outlook – 22 October 2023
USA Retail sales advanced 0.7% in September, overshooting the +0.3% print expected by consensus. Adding to the good news, the prior month’s result was revised upward, from +0.6% to +0.8%. Sales of motor vehicles/parts contributed positively [...]
Economic Outlook – 15 October 2023
USA The Consumer Price Index progressed 0.4% in September, a tick more than the +0.3% print expected by consensus. Prices in the energy segment advanced 1.5% as gains for fuel oil (+8.5%), gasoline (+2.1%), and electricity [...]
Economic Outlook – 8 October 2023
USA Nonfarm payrolls rose 336K in September, blowing past consensus expectations calling for a +170K print. This positive surprise was compounded by a 119K cumulative revision to the previous months’ data. Employment in the goods sector [...]
Economic Outlook – 1 October 2023
USA The third estimate of Q2 GDP growth came in at +2.1% in annualized terms, unchanged from the second estimate but a nick shy of the median economist forecast (+2.2%). In addition, the series of historical [...]