Thursday, September 22, 2016

United States economy: at best, moderate growth in the coming months

Many forecasters believe that the pace of economic growth will accelerate in the United States in the coming months. But, the monthly and semestrial evolution of the leading economic indicators from the Conference Board signal, at best, a moderate growth.

Link to the September 22 press release from the Conference Board:
https://www.conference-board.org/data/bcicountry.cfm?cid=1

Thursday, September 8, 2016

Canadian economy: scenario of moderate growth in the coming months

In its September 7 press release, the Bank of Canada indicated that:

"While Canada’s economy shrank in the second quarter, the Bank still projects a substantial rebound in the second half of this year."

What can we read about the canadian outlook from the leading economic indicators?

Leading indicators from the Macdonald-Laurier Institute, the Conference Board of Canada and the OECD all show that economic conditions will improve in the coming months.

Here is the graph from the September 8 OECD press release:




Tuesday, September 6, 2016

World economy: slow growth last August

The most recent PMI surveys from Markit Economics show that the world economy keeps expanding, but at a very slow pace. On the positive side, production and new orders growth improved slightly in August.

Link to Markit Economics September 5 press release:
https://www.markiteconomics.com/Survey/PressRelease.mvc/a99df28cccfa40b5b144152ba58ed899