The weak survey data in Japan continues to pour in. The May forecast index from the Economy Watchers Survey tumbled to the lowest since June 2016. The forecast index for…
This current cycle of expansion in the US economy will become the longest on record next month. Friday’s retail sales report suggests there is plenty of fuel left in the…
Brexit, it would appear, is beginning to hit hard. Manufacturing output contracted 3.9% m/m in April: car production tumbled 24.0% m/m and the boost from stockpiling has faded. The services…
The May payrolls report appears to have vindicated the dovish bets on a Fed rate cut at its next meeting. The slowdown so far this year has been broad based…
Germany has borne the brunt of the slowdown in global trade. The manufacturing PMI was unrevised from the flash estimate of 44.3, a 2-month low). The labour market is going…
The national income & product accounts provide an important supplement to S&P 500 earnings. The second estimate of Q1 GDP contained a preliminary reading for corporate profits for the same…
