Economic Outlook – 3 December 2023
USA Nominal personal income increased 0.2% in October, in line with the median economist forecast. The wage/salary component showed just a 0.7% gain, the smallest in 10 months, whereas income derived from government transfers edged down [...]
Economic Outlook – 26 November 2023
USA The S&P Global Flash Composite PMI remained unchanged in November at 50.7 and consistent with just a modest expansion in private sector activity. New orders returned to growth in the month after three consecutive contractions, [...]
Economic Outlook – 19 November 2023
USA The Consumer Price Index held steady in October instead of rising 0.1% as per consensus. This followed a 0.4% gain the prior month. Prices in the energy segment fell 2.5% in October as a 1.2% [...]
Economic Outlook – 12 November 2023
USA The trade deficit widened from $58.7 billion to $61.5 billion. Good imports increased $7.0-billion (to $263.0 billion), led by cell phones/other household goods (+$1.8 billion), passenger cars (+1.7 billion), and computer accessories (+$0.4 billion). Goods [...]
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 [...]