Sitemap - 2023 - Econ Mornings

Pausing Econ Mornings Newsletter

Germany's September CPI Report: A Clearer Picture of Inflation Trends

US Manufacturing Demonstrates Resilience Amidst Volatility in August

The ECB Prepares to Address Excess Liquidity Through the MRR

9 Things We Learned about the US Economy Last Week

Bank of Japan is Too Optimistic on Inflation

The Bank of England Pauses in a Near Split Decision

UK Inflation August Update: A Precursor to the Bank of England's Announcement

Housing Starts Tumble Amid Rising Mortgage Rates

Canadian Producer Prices: A Shift from Decline to Incline

Chinese Data Going in the Right Direction but Recovery is Still Weak

US Retail Sales Grow at Fastest Monthly Rate Since the Start of the Year

US Consumer Prices Surge in August Driven by Energy Costs

August NFIB Survey Showed a Tough Environment for Small Businesses

CPI Week Starts Quietly

All Signs Point to a Weaker Labor Market in August

The End of Summer Sees the End of Disinflation in Europe

Labor Market Indicators are Starting to Unify on Easing in Hiring

Inflation and Tight Financial Conditions Weigh on the German Consumer

Euro Area Money Supply Contracts for the First Time Since 2010

Dismal Economic Data Out of Germany

Core Durable Goods New Orders See Gentle Uptrend in July

Slow Global Growth Squeeze Continues in August

Whispers of a UK Contraction in Q3

Quiet Economic Day to Start the Week

Japan's Core Inflation Resumes Uptrend in July

Early July Economic Data Leads to a Sharp Increase in Q3 Growth Expectations

UK CPI: Energy Inflation Crashes but Services Inflation is Still Sticky

China's Weak Start to Q3 Means More PBoC Easing

India and Germany Inflation Reports Show Deflation

Resilient UK Consumers Keep the Economy Out of Contraction in Q2 2023

Disinflation is a Slow, Gradual Grind

China Sees Deflation for the First Time Since February 2021

Inflationary Pressures Gradually Improve for Small Businesses in July

Stagnation Continues in Germany's Industrial Sector

Second Straight Month of Sub-200,000 Job Gains Signals Cooling Labor Market

Services Expansion Slows in Most Developed Economies, India and China Maintain Strong Growth

July ADP Employment Report Finds 1 Million Jobs Added in the Last Three Months

A Sharp Manufacturing Decline Leads to Deflation in Output and Input Prices in July

Euro Area Services Inflation Surges in July

Private Wage Growth Slows to the Lowest Rate Since 2021

Australian Inflation Improves, but Services Inflation Reaches 22 Year High

Fed Preview: No Surprises on Wednesday

July Flash PMIs Accentuate Monetary Policy Divergence

Trade Prices Confirm Weak Demand Abroad and Strong Disinflationary Pressures

US PPI Report for June Confirms Disinflationary Trend in Yesterday's CPI Report

A Downside Surprise in Core CPI is Significant Evidence for Disinflation

Small Business Sentiment Improves in June but the Inflation Situation Didn't Imrove

Another Month of Weak Chinese Inflation Data in June, Five Months of Monthly Deflation

Solid June Jobs Gain Bolsters Arguments for July Rate Hike

Robust ADP Job Gains in June Signal Strong Economic Resilience

The Global Services Sector Slows to End Q2 2023

Euro Area Inflation Eases, Core Inflation Picks Up in June

Germany's CPI Report Dampens Optimism on Inflation

Soft Italy Inflation Gives Hope that Other Countries Can Follow

Durable Goods New Orders Shows Mixed Picture as Transport Orders Cause Surging Growth

German Business Climate Hits Lowest Level in Months

Flash PMIs Show Growth Slowdown Across the Board

UK Inflation Surprises Again in May, Bank of England to Stick to Hiking

Bank of Japan Delays Policy Changes, Keeps Rates Negative

ECB Hikes Again, China Announces Weak Economic Data

UK GDP Shows Modest Growth in April, Led by Services Sector

May US CPI Data Gives Fed Confidence for June Pause

Big Week for Fed, ECB, and Inflation Incoming

China's CPI Declines for Fourth Consecutive Month, Reflecting Weak Economic Activity

Euro Area GDP Growth Remains Sluggish in Q1 2023, Hampered by Weak Consumption and Productivity

Australian GDP Growth Slows in Q1 2023, Reflecting Inflationary Pressures and Mixed Component Performance

Reserve Bank of Australia Raises Interest Rates Amid Stubborn Inflationary Pressures

Strong Service Sector Growth in May Amplifies Inflation Concerns Across Global Economies

Mixed Signals in May Jobs Report: Employment Growth with Rising Unemployment Rate

Inflation Continues to Slow in Three Major European Countries According to May CPI

UK Inflation Eases in April, but Services Inflation Concerns Persist

Strong Services Sectors Drive Economic Expansion in Major Developed Economies

Germany and Japan Report Weak Exports in March

Japanese Annual Core CPI Inflation Highest Since 1992

Philadelphia Fed Survey Gives Off Dovish Vibes

The US Housing Market is Stabilizing but There is No Momentum in the Other Direction

Momentum in US Retail Sales Gradually Declines, Chinese Data Still Not Meeting Expectations

European Industrial Production Crashes Back to 2022 Lows

Still No Recession in the UK as Industry Recovers in Q1 2023

Deflation in China Points to Struggling Economic Recovery

US CPI Cools Across All Segments that the Fed Cares About

NFIB Small Business Optimism Lowest in a Decade

German Industrial Production Stutters in March, Reversing Strength in the First Two Months

Another Month of Strong Job Gains and an Acceleration in Wage Growth

Another 25 bps Hike by the ECB, More Hawkishness on Inflation

Pace of Job Gains Accelerate Thanks to Strong April ADP Employment Increase

Hot Services Inflation Sets Up the ECB for a Hawkish Announcement

China's CFLP PMIs: Strong Service Sector Offsets Manufacturing Weakness

US Wage and Services Inflation Resist Down Trend, Euro Area GDP Barely Grows

Q1 GDP Growth Jumps 1.1% on Strong Personal Consumption

Inflation in Australia and Durable Goods Orders in the US Both Decline, Point to Economic Weakness

German Construction Orders Bounced in February

CFNAI Stabilizes at Slight Contraction in March Which Shouldn't Derail Strong Q1 GDP

ECB Minutes Show that the Focus is on Inflation While the Banking Crisis was a Small Nuisance

Stubborn, Sticky UK Inflation Remains Above 10% for the Seventh Month in a Row

A Strong March Leads to a Surge in Chinese GDP in Q1 2023

Empire State Survey Fuels Recession Fears

Durable Goods Retail Sales Suffer from High Interest Rates and Wary Consumers

Choppy GDP Means UK Should Avoid Q1 Recession, US PPI Gives Us Much Needed Deflation

US Headline CPI Surprises to the Downside While Core CPI Retains its Stickiness

Deflation is Now a Concern for China While Inflation Remains a Concern for US Small Business

Japanese Consumer Confidence Jumps to Highest Level in More than a Year

The US Labor Market Can Add Jobs and Wage Growth Can Cool at the Same Time

UK and Eurozone Construction Sectors Continue to Decompress

Reserve Bank of Australia Pauses Hawkishly

March Manufacturing PMIs Show Weak Demand Leading to Softer Inflation

The US and Euro Area Have Core Inflation Problems

German Inflation Cools Thanks to Sharp Energy Deflation

German Consumer Sentiment Improves but Uncertainty is Still King

US Advanced Economic Indicators Point to Slowdown in Q1

Germany ifo Index Points to Further Stabilization in Economic Expectations

Flash PMIs Point to Uneven Growth with Services Strength Offsetting Manufacturing Weakness

Bank of England Hikes and Remains Convinced that CPI will Fall Despite February's Surprise

UK CPI Heats Up Again as Sticky Goods and Services Prices Offset Energy Deflation

Cosmetic Canadian CPI Inflation Decline Still a Win for the Bank of Canada

German PPI Still Has a Core Problem

Euro Area Inflation Confirmed at 8.5%, ECB's Base Case is to Continue to Fight Sticky Inflation

US Housing Starts and Completions Soar on Strong Apartment Construction Growth

US Retail Sales Stabilize After Strong January, Chinese Economy Rebounds to Start 2023

US CPI Comes in as Expected, Small Businesses Provide More Evidence of Disinflation

Markets Digest SVB Crisis and Jobs Report on a Quiet Econ Day

US Labor Market Surprises Again, 50 bps Hike Now Firmly on the Table

China's Reopening Starts Sluggishly as CPI and PPI Disappoint

Another Solid US Jobs Gain (ADP), Euro Area GDP Downgraded to Flat in Q4 2022

Reserve Bank of Australia Hikes by 25 bps, Sees More Rate Increases Coming

Euro Area Retail Sales Bounce Back in January

Major Services PMIs Show a Booming Global Services Sector

Sticky Euro Area Inflation Underwrites Hawkish Mentality Described in ECB Minutes

German Inflation Unchanged, PMIs Show Mixed Growth Picture with China Rebounding

France and Canada See Little to No Growth in Q4 2022

Fed Tightening and Supply Chain Loosening Make Assessing Manufacturing Difficult

Japan Sees Highest Inflation in 40 Years, Hot US Data Delays Disinflation

US and European Inflation Data Revised Up

German Inflation and Australian Wage Growth Both Accelerate and Intensify Inflation Concerns

Flash PMIs Point to Expansions in UK, France, Germany, Canadian Inflation Continues to Slow

Euro Area Construction Production Confirms a Downtrend in 2023

UK Retail Sales Bounce on Discounting, US Import Prices Fall for 7th Consecutive Month

Housing Starts Fall, PPI Inflation Moderates Further

UK Services Inflation Surprises on the Downside, US Retail Sales Surprises to the Upside

An Expected Moderate Increase in Prices Keeps Headline US CPI Inflation Mostly Unchanged

India Inflation Surprises to the Upside Signaling That the Inflation Fight is not Over

Chinese Reflation Begins While the UK Toes the Line of a Recession

German CPI Growth Accelerates as Inflation Outlook Gets Murkier

India Raises Rates and Maintains Hawkish Posture

RBA Announces Fourth Straight Quarter Point Hike, US Deficit Jumps on Weak Exports

Booming Jobs Report Makes a Fed Hike in May More Reasonable

50 bps Hikes for Both the ECB and the Bank of England

European PMIs Suggest the Worst is Behind Us, US Job Gains Halved in January

European Growth Stalls, US Wage Inflation Accelerates, China is Back

German GDP Contracts in Q4 Despite Improvement in Sentiment

Consumption Ends 2022 on Sour Note as Services Inflation Overtakes Goods Inflation

Headline Q4 GDP, Durable Goods Orders Come in Strong, but Underlying Weakness Evident

Australian Inflation Jumps on Highest Services Prices Since 2008

Flash PMIs, German Sentiment, UK Industry All Point to Strong Start to 2023

Existing Home Sales Fell for the 11th Month in a Row, Longest Streak Since 2011

Japan Headline Inflation Highest in over 30 Years, UK and Canada Both See Weak Retail Sales

US Housing Starts Edge Lower Again Despite Surge in Single Family Starts

US Retail Sales Broadly Weak in December, PPI Falls Again

Chinese Annual GDP Growth Falls Short of 3%, Canada's CPI Eases on Lower Gas Prices

UK GDP Stable in November, US Import Prices Rise for the 1st Time Since June

US CPI Sees First Monthly Decline Since 2021

Australia Sees Holiday Retail Sales Boom, Italy Sales Suffer from Inflation

NFIB Small Business Optimism (Dec 2022), Inflation and Asia Commentary

US Jobs Report and ISM Services Review, German Industrial Production (Nov 2022)

Jobs Report (Dec 2022), Euro Area Inflation (Dec 2022)

ADP Employment (Dec 2022), Euro Area PPI (Nov 2022), Italy CPI (Dec 2022)

Inflation Commentary, France CPI (Dec 2022), More Outlooks

2023 Outlooks, German CPI (Dec 2022)

Econ Mornings 1/2/2023