US Rapid Response Industrial Production (Jun.) The further slump in industrial production in June illustrates that some parts of the economy are already struggling and, as global manufacturing demand continues to soften, we expect further weakness... 18th July 2023 · 2 mins read
US Rapid Response US Retail Sales (June) Despite the modest 0.2% m/m rise in headline retail sales in June, the bigger 0.6% m/m gain in underlying control group sales is a bit more encouraging, although second-quarter consumption growth... 18th July 2023 · 2 mins read
US Rapid Response US Uni. Of Michigan Consumer Sentiment (Jul.) The sharp rise in the University of Michigan consumer sentiment index to 72.6 in early July, from 64.4, leaves it close to a two-year high. That said, it remains fairly weak by historic standards, and... 14th July 2023 · 2 mins read
US Rapid Response Consumer Prices (Jun.) The muted 0.2% m/m rise in core consumer prices in June won’t stop the Fed from hiking rates again later this month, but it supports our view that the downward trend in core inflation is set to... 12th July 2023 · 2 mins read
US Rapid Response Employment Report (Jun.) The 209,000 rise in non-farm payrolls in June was the weakest gain since December 2020 and suggests labour market conditions are finally beginning to ease more markedly. That said, it is unlikely to... 7th July 2023 · 2 mins read
US Rapid Response ISM Manufacturing Index (Jun.) The further fall in the ISM manufacturing index to 46.0 in June, from 46.9, is difficult to square with claims from some commentators that economic growth is rebounding and provides further reason to... 3rd July 2023 · 2 mins read
US Rapid Response Personal Income & Spending (May) The May income & spending data appear to confirm that real consumption growth slowed sharply in the second quarter, while also providing encouraging signs that core inflation is gradually easing. 30th June 2023 · 2 mins read
US Rapid Response Durable Goods (May) The 1.7% m/m rise in durable goods orders in May was stronger than we had expected, even accounting for a big rise in the volatile commercial aircraft component. But the wider evidence still suggests... 27th June 2023 · 2 mins read
