Economic Outlook – 4 February 2018
US The ISM manufacturing survey ticked down 0.2 points to 59.1, but new orders remained exceptionally strong and the backlog of unfilled orders increased. While the index declined slightly, it does not signal a slowing [...]
Economic Outlook – 28 January 2018
US Fourth quarter US GDP rose 2.6% on an annualised basis following the third quarter’s 3.2% rate of growth. An important measure of core demand, real final sales to private domestic purchasers, climbed to 4.6% [...]
Economic Outlook – 21 January 2018
US Weekly US jobless claims fell to 220,000 in the week ending 6 January, the lowest reading since 1973, when the US population was far smaller than today. The US Department of Labor reported last [...]
Economic Outlook – 14 January 2018
US The Job Openings and Labor Turnover Survey (JOLTS), import price index and producer price index all came in a bit on the soft side. Job openings edged down for a second straight month in [...]
Economic Outlook – 7 January 2018
US The ISM manufacturing index for December remained in solid expansion territory, coming in at a mild 59.7 to extend a five-month streak above 58. The last time the index posted such a run was [...]
Economic Outlook – 24 December 2017
US US housing market conditions were largely positive in October and November with forward-looking indicators suggesting upbeat conditions to continue. The NAHB/Wells Fargo survey of homebuilder sentiment in December revealed optimism not seen since 1999. [...]