University of Michigan consumer sentiment slips in late October

Oct 30, 2015 14:43 pm UTC| Commentary

The University of Michigan index of consumer sentiment unexpectedly fell to 90.0 in the final October reading, down from 92.1 in the mid-month estimate. The consensus had looked for a nearly unchanged reading of 92.5 on...

ECI rebounds in Q3 after sales-related occupations weakness in Q2

Oct 30, 2015 14:38 pm UTC| Commentary

The employment cost index (ECI) rebounded in Q3, following the weaker-than-expected Q2 reading, when compensation growth was depressed by declines in sales and office jobs categories, in particular the incentive-based...

The Chicago PMI rebounded in October

Oct 30, 2015 14:35 pm UTC| Commentary

The Chicago PMI jumped in October, reaching 56.2 after falling into contraction last month (48.7). The reading was much stronger than both consensus expectations (49.5) and forecast (49.0). The rebound was driven by a...

Canada's economy chalks up another gain in August, but the services sector disappoints

Oct 30, 2015 14:32 pm UTC| Commentary

Canadian real GDP rose 0.1% in August, marking the third consecutive month of expansion after five months of contraction between January and May of this year. Canadas economic output is now a hairs breadth (-0.04%) below...

US personal income growth slows in September, as spending holds steady

Oct 30, 2015 14:28 pm UTC| Commentary

Personal income rose 0.1% m/m in September, a touch below expectations (0.2%), as wage and salary income was unchanged on the month. Economists had looked for a tepid 0.1% rise in wage and salary income, given the decline...

Canada’s trade deficit hit a record wide

Oct 30, 2015 12:25 pm UTC| Commentary

In March of this year, Canadas trade deficit hit a record wide. The short-term culprit was the energy balance, driven lower by falling energy prices. The longer-term culprit is the non-energy balance, which declined...

Thailand economy slightly less downbeat in September

Oct 30, 2015 12:08 pm UTC| Commentary

The Bank of Thailands September economic report reveals domestic demand improved slightly, while external conditions remained weak, as per the central banks assessment in August."The domestic conditions recovering slightly...