Global data once again subpar relative to expectations

Global economic data have been consistently underperforming economist forecasts since the beginning of August, though only to a limited degree. Econoday’s Relative Performance Index (RPI) held unchanged in the week at minus 10, just within [...]

By Jeremy Hawkins|2024-09-06T08:46:00-07:00September 6, 2024|

Global data mostly weak but Eurozone, Canada outperforming

Global economic data continue to underperform expectations, at minus 10 on Econoday’s Relative Performance Index and at minus 21 when excluding price data (RPI-P). The latter offers an indication on real economic activity which has [...]

By Jeremy Hawkins|2024-08-30T09:10:08-07:00August 30, 2024|

Global data continues to underperform; China, Eurozone weak

Global data held steady in the underperformance column, ending the week at minus 8 on Econoday’s Relative Performance Index (RPI) and at minus 21 when excluding price data (RPI-P), the latter indicating greater underperformance in [...]

By Jeremy Hawkins|2024-08-23T07:57:29-07:00August 23, 2024|

Maybe the FOMC isn’t so surprised by the payroll benchmark revision estimate

It may be making too much of out a single quote, but in the minutes of the July 30-31 FOMC meeting said, “Many participants noted that reported payroll gains might be overstated, and several assessed [...]

By Theresa Sheehan|2024-08-21T12:38:02-07:00August 21, 2024|