Economic Outlook – 24 June 2018
US US housing starts bounced back solidly in May following April’s upwardly revised 3.1% fall, rising 5% to a 1.35 million-unit pace. Both single-family (+3.9%) and multifamily (+7.5%) starts rose, but total permits fell 4.6% [...]
Economic Outlook – 17 June 2018
US In the May US retail sales report, headline sales surged 0.8% following an upwardly revised 0.4% in April. Much of the recent strength in retail sales has been attributed to rising gasoline prices. However, [...]
Economic Outlook – 10 June 2018
US US April factory orders declined 0.8%, reversing part of March’s 1.7% increase. The closely watched core capital goods shipments component climbed 0.9% in the first month of the quarter, supporting the view of a [...]
Economic Outlook – 3 June 2018
US US consumers’ optimism about the economy helped to fuel spending above and beyond income growth in April. US household spending rose 0.6% in April, while personal income rose 0.3%. Stronger spending has also been [...]
Economic Outlook – 27 May 2018
US New US home sales declined 1.5% in April, dropping to an annual pace of 662,000 units. This was better than the consensus estimate of a 2.1% decline. However, March new home sales were revised [...]
Economic Outlook – 13 May 2018
US US small business optimism rose slightly in April after losing some ground in March. That followed a cycle high hit in February after the tax cuts boosted the mood on main street. The mood [...]