Economic Outlook – 5 November 2017
US Consumer spending accelerated at the end of Q3, with nominal consumption rising 1.0% in September. Inflation trimmed off 0.4%, leaving real consumer spending up 0.6% on the month. Spending was higher for both services [...]
Economic Outlook – 29 October 2017
US The modest 0.3% gain in industrial production for September would have likely been larger had it not been for the quarter percentage point drag from Hurricanes Harvey and Irma. Industrial production fell at a [...]
Economic Outlook – 22 October 2017
US The modest 0.3% gain in industrial production for September would have likely been larger had it not been for the quarter percentage point drag from Hurricanes Harvey and Irma. Industrial production fell at a [...]
Economic Outlook – 15 October 2017
US August JOLTS data show demand for labor was solid before the storms, suggesting the decline in September should reverse rather easily. Openings remained at their record highs, though that did little to entice workers [...]
Economic Outlook – 8 October 2017
US In the US, employment contracted for the first time in seven years last month as Hurricanes Harvey and Irma disrupted work and typical hiring. NFP (nonfarm payroll) contracted by 33,000 jobs in September, led [...]
Economic Outlook – 1 October 2017
US Housing data kicked off the week in what was a relatively light data week in the United States. New home sales fell 3.4% to a 560,000-unit annualised pace in August. The Houston metro area [...]