Economic Outlook – September 2016
The Economic Outlook issue for September 2016 is now available Economic-Outlook-September-2016
A dynamic and cyclical approach to the global economy
The Economic Outlook issue for September 2016 is now available Economic-Outlook-September-2016
The Federal Reserve continue to think that the long term value of the fed funds follows a downward adjustment trend. This reflects an almost pessimistic perception of the US economic…
The inflation rate was 1.1% in August, close to the average seen since the beginning of the year (1.1%). The core inflation rate was at 2.3% the highest number since…
After the deep drop in the ISM surveys for August (see here and here) we have had two new important data. Retail sales were down by -0.3% in August after…
Retail sales were marginally down (-0.17%) in August after a strong improvement in July (+1.86%). Therefore the carry over growth for the third quarter at the end of August is…
I married my daughter this week-end and I have had no time to write. Don’t be impatient. Philippe
The non-manufacturing index from the ISM survey was down more than 4 points at 51.35 in August. The sector is growing but at a slower pace. It’s its weakest level…
The synthetic index of the ISM survey in the manufacturing sector crashed in August. It is again below the 50 threshold. We can imagine that the recent improvement was temporary…
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