US Retail sales continue to reach new highs

Sep 15, 2015 17:21 pm UTC| Commentary

Consumers spent $447.7 billion in August, a new all-time record high or 0.2% over the prior month which was revised higher to 0.7%. That is why we call consumers the game changer. What are they buying? Autos in a big way...

Canadian housing activity settles into a still hot pace

Sep 15, 2015 17:13 pm UTC| Commentary

Following a sharp run-up in home sales during the spring months, Canadian housing activity appears to have stabilized at elevated levels. While existing home sales only rose a modest 0.3% m/m in August, it was the third...

US retail sales remain strong in August

Sep 15, 2015 16:52 pm UTC| Commentary

Retail sales rose 0.2% m/m in August, slightly below the median consensus forecast of 0.3% m/m. Revisions to the month prior were positive though, with Julys initial reading of 0.6% m/m revised higher to 0.7% m/m. The...

Canadian home sales steady in August

Sep 15, 2015 16:40 pm UTC| Commentary

National home sales were little changed in August (+0.3% m/m, seasonally adjusted). Following a strong spring surge in sales, activity has shown signs of stabilizing over the summer in many local markets, including in...

US industrial output remains sluggish, while motor vehicles distort headline

Sep 15, 2015 16:10 pm UTC| Commentary

Total industrial production fell 0.4% m/m in August, coming in weaker than forecast (0.1%) and consensus expectations (-0.2%). Manufacturing output fell sharply by 0.5% (forecast: -0.4%) as the seasonal boost to July motor...

US Q3 GDP tracking unchanged at 2.4% after July business inventories

Sep 15, 2015 15:24 pm UTC| Commentary

Total business inventories rose 0.1% m/m in July, in line with consensus expectations (0.1%) and a touch below our forecast (0.2%). Retail inventories, the data first released with the business inventories report, expanded...

UK Inflation sometimes is just no news

Sep 15, 2015 15:15 pm UTC| Commentary

Given the August consumer and producer price data came in largely in line with forecast and consistent with the view that underlying inflation pressures remain fairly muted across the price chain, we have only fine-tuned...