Manufacturing

The Sentix Investor Confidence index unexpectedly improved in October from -15.4 to -13.8. A notable improvement in Expectations (from -8.0 to -3.8) drove the overall index higher, while the Current Situation subcomponent declined for a fourth consecutive…

The NFIB Small Business Optimism index was mostly flat in September, ticking a mere 0.3 points higher to 91.5 in September, below expectations of a more meaningful improvement to 92.0. The NFIB Small Business Optimism has oscillated in a tight range since…

Regular readers are familiar with our expectations for a global recession over the cyclical investment timeframe. A global downturn is overwhelmingly bearish for oil demand. The supply side, on the other hand, is simultaneously facing the threat of supply…

German factory orders contracted by a larger-than-anticipated 5.8% m/m (3.9% y/y) in August, from a 3.9% expansion (4.6% y/y). Domestically, Germany is constitutionally bound to maintain a balanced budget. The emergency pandemic funds disbursed in 2020 are…

According to BCA Research’s Private Markets & Alternatives service,  intra-market repricing will offer investors a unique opportunity to enter the industrial real estate space in the next two years. In the short term, Mexico will be a big winner…

September nonfarm payrolls grew by 254 thousand, from 155 thousand in August, handily exceeding expectations of 150 thousand. Pro-cyclical manufacturing jobs declined by a lower-than-anticipated 7 thousand, while leisure and hospitality, as well as…

The ISM services PMI grew at an accelerating pace in September, from 51.5 to 54.9, handily exceeding expectations, and extending a three-month expansion streak. Growth was broad-based with an increasing number of industries (12 out of 17) reporting…

The S&P Global Canada Manufacturing PMI improved from 49.5 to 50.4 in September, breaking a 17-month contraction streak. It corroborated solid broad-based retail sales growth in July and August. Confidence in the outlook also improved. That said, we…

US job openings grew by a larger-than-expected 8.04 million jobs in August from 7.71 million. July’s openings were also revised 38 thousand higher. However, despite the upside surprise, the August hires rate fell to 3.3% and July’s hires were revised…

The ISM manufacturing PMI remained constant in September at 47.2, against expectations of a slower pace of decline and extending a six-month contraction streak. Measures of production and domestic demand decelerated at a notably slower pace while foreign…