Growth Spurts: Retail, Jobs, and Prices in September 2023
Key Economic Trends and Figures Impacting USA, UK, and Canada
USA:
Retail and Food Services Sales Experience Robust Growth
The U.S. Census Bureau reports a significant surge...
BoE Policies, Dollar Resilience, and IMF Recommendations
Inflation Hurdles: BoE's Battle Plan, Dollar's CPI Resilience, and IMF's Counsel
In the realm of economic fluctuations, resilience proved vital as the pound showed a...
Economic Outlook: Navigating Growth, Inflation, and Policy
Sustaining Resilience in an Evolving Economic Landscape
With the current economic outlook, resilience stands as a defining trait amidst challenges, with indicators pointing towards solid...
Uptick in US unemployment, Canadian GDP nearly unmoved, Swiss CPI up
The GDP deflator rose 0.7% in the second quarter, as consumer inflation remained elevated. However, the terms of trade—the ratio of the price of exports to the price of imports—fell 2.0% in the second quarter, primarily because of a 3.4% decline in prices of exported goods. This was the fourth straight quarterly decrease in the terms of trade.
Slight edge down in retail sales, weekly claims lower as well
the advance figure for seasonally adjusted initial claims was 230,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 236,750, an increase of 2,250 from the previous week's revise
NZ consumers expect inflation tapering, UK is showing more growth
On average, survey respondents expected the Official Cash Rate (OCR) to be at 5.53% by the end of the September 2023 quarter
The BoE voted to increase Bank Rate. Labour force participation the highest recorded
The seasonally adjusted unemployment rate was 3.6 percent in the June 2023 quarter, compared with 3.4 percent last quarter, according to figures released by Stats NZ.
0.7% increase in retail sales in June 2023, with all main sectors experiencing growth
Non-store retailing sales volumes rose by 0.2% in June 2023, following a rise of 2.4% in May 2023.
Automotive fuel stores sales volumes fell by 0.3% in June 2023, following a rise of 1.7% in May 2023.
Global inflation appears ready to ease, governments still on alert
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in...
Second GDP estimate good, mining sector in Canada grows
According to the US Department of Labor in the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000, a...
