Posts Tagged ‘weakest’

Savings Slump As US Spending Jumps With Income Growth Weakest In 2 Years

After surging higher in November, analysts expected US personal income and spending growth to slow modestly in December and it did with income growth disappointing. Personal Spending rose 0.3% MoM (as expected) in December, slightly slower than November’s 0.4% MoM jump. Personal Income disappointed, rising 0.2% MoM against expectations of a 0.3% rise (and November’s […]

Core Producer Price Inflation Tumbles To Weakest Since 2016

Following the surprise acceleration in consumer prices, producer prices were expected to re-accelerate after diverging for three months. While the MoM gain in headline PPI was a slight disappointment (+0.1% vs +0.2% MoM) but on a YoY basis it met expectations at +1.3% (still well below CPI)… Source: Bloomberg However, core producer price gains (ex-food […]

UK economy faces weakest growth since second world war

   The British economy is on track for the weakest year outside a recession since the second world war, as political turmoil and Brexit uncertainty dragged down growth, a Guardian analysis reveals. At the end of a turbulent year and following Boris Johnson’s election victory, surveys of business activity suggest economic growth in the final […]

Core Retail Sales Growth Weakest Since February

With YoY retail sales growth having slowed dramatically in the last two months (actually contracting MoM in Septmber), analysts were expecting a credit-card-fueled buying bounce in November but it was disappointing. Confirming BofA’s credit-card data… November retail sales rose just 0.2% MoM (much lower than the 0.5% rise expected) Source: Bloomberg Retail sales increased in […]

Producer Price Inflation Weakest In 3 Years As Brokerage Costs Collapse

Following yesterday’s mixed picture for consumer prices, producer prices are expected to rebound from September’s shocking plunge and it did, beating expectations of a 0.3% MoM jump (but year-over-year growth in PPI slipped to +1.1% – the lowest since September 2016). Source: Bloomberg Core PPI rose 0.3% MoM but also slipped on a YoY basis […]

US Major City Home Price Growth Slumps To Weakest In 7 Years

For the 17th month in a row – the longest streak since 2008 – US home price growth (in 20 major cities) has been unable to re-accelerate. S&P CoreLogic’s (Case-Shiller) 20-City Composite home price index rose 2.03% YoY in August and flat to a downward-revised July print… Source: Bloomberg This is the weakest growth since […]

IMF Forecasts "Synchronized Global Slowdown" – Weakest Growth ‘Since Lehman’

Following up on its ‘expectations management’ exercise last week, The IMF just issued its latest Global Economic Outlook, and just as we warned it’s the next in a new series of “worst since Lehman” reports. “The world economy faces difficult headwinds,” the outlook said. “Despite the recent decline in long-term interest rates creating more fiscal […]

ISM Services Catches Manufacturing’s Cold – Tumbles To Weakest Since 2016

After a week of abysmal global PMIs (and US manufacturing’s collapse to a standstill), expectations were ever hopeful for a small bounce in ISM Services data (even though it did bounce surprisingly in August) to save the world (and stocks). Markit Manufacturing BEAT – 51.1 (5mo highs) Markit Services MEET – 50.9 (up from 50.7 […]

US Manufacturing Weakest Since 2009: "Business Sentiment Stuck At Gloomy Levels"

It’s been an ugly night for global economic surveys. September manufacturing PMIs from South Korea, Indonesia, South Africa, Italy, and the UK all printed below 50.0, confirming ongoing global weakness, and Sweden was a disaster. Only Canada and Brazil managed upside surprises as all eyes are firmly focused on US manufacturing surveys – hoping they […]

US Manufacturing Weakest In 10 Years As New Export Orders Collapse

With Flash PMI in contraction and ISM sliding fast, expectations were for a very modest rise in both measures of manufacturing in August as ‘hard’ US macro data picked up relative to expectations. The headline Markit Manufacturing PMI inched back into expansion with a final 50.3 print for August (after a 49.9 flash print), however, […]

ISM Services Weakest Since 2016, Business Expectations Hit Record Low

On the heels of disappointing US Manufacturing ISM/PMI prints last week – and global surveys – US Services surveys were expected to show a modest rebound in July. Markit’s Services PMI did surprise to the upside, printing 53 (from 51.5 in June and above the 52.2 flash print), but business expectations plunged to a record […]

New Home Sales Crash In May To Weakest Since 2018

After existing-home-sales rebounded modestly in May, hope was high that lower mortgage rates would spark a renaissance in the US housing market… but a shocking 7.8% crash in new home sales in May has blown that narrative out of the water. Against expectations of a 1.6% MoM rise, new home sales plunged 7.8% in May […]

US Services Growth Weakest Since Feb 2016, Flashes "Worrying Signs For Economy"

Following the collapse in both PMI and ISM surveys for US Manufacturing, Services surveys for May were expected to slide (tracking the rest of the world’s give-up of the Services sector outperformance overnight) but as is so typical, the surveys are entirely opposite of one another!! US Services PMI survey dropped to 50.9 – the […]

US in ‘weakest’ regional presence in history: IRGC commander

A senior commander of Iran’s Islamic Revolution Guards Corps (IRGC) says the United States’ presence in the Middle East is at its “weakest in history” of Washington’s military presence in this region, amid spiraling tensions between the two countries. “The Americans have been present in the region since 1833 and they are currently at the weakest […]

US Industrial Production Tumbles – Weakest Growth In 2 Years

With US industrial production having stagnated for the last four months, April is expected to be more of the same – unchanged from March – but it didn’t, missing dramatically and tumbling 0.5% MoM. The report shows manufacturing losing momentum amid a trade war with China that’s raised prices and complicated business decisions. Those headwinds […]

Has solar cycle 25 begun? Solar cycle 24 was one of the shortest and weakest ever

     Evidence of a Cycle 25 sunspot found In our previous post: Solar activity crashes – the Sun looks like a cueball, Our resident solar physicist, Dr. Leif Svalgaard commented and provided a link to something reported by his colleagues, something that likely would not have been possible without the fantastic solar observations of NASA’s […]

Israeli regime at its weakest today: Amir-Abdollahian

MNA – Iranian official Hossein Amir-Abdollahian said Sat. that Israel is at its weakest today and the occupying regime will not be allowed to gamble with the security of Iran and the region. In a Telegram post on Saturday, Iranian Parliament’s General Director for International Affairs Hossein Amir-Abdollahian said the “forged” and “illegitimate” Israeli regime […]

Obama U.S. Economic Recovery was America’s Weakest

Obama U.S. Economic Recovery was Americas Weakest By Eric Eric Zuesse The following graph of Non-farm Payroll Jobs in United States” shows Americas economic recoveries from recession, in numbers of jobs, and indicates very clearly that ever since the peak in 2000, the two recoveries (G.W. Bush, and Obama) have been far less than […]

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