World output and new business declined again, and at a faster rate, in November, according to the latest PMI data published December 5 by S&P Global. The good news: price pressures on input and output eased further.
Comments on leading indicators and the economic outlook, this is what you will mainly read in my blog.
Monday, December 5, 2022
Saturday, July 30, 2022
Quebec economy: slowdown in the coming months
The Desjardins Leading Index lets anticipate a significant slowdown in the pace of growth of the Quebec economy in the coming months. Last June, the economists of that financial institution foracasted a real GDP growth of 3.3% this year. Lets see the extent of the correction to their forecast in its coming update.
Monday, June 6, 2022
The rythm of expansion of the world economy...
...remained solid in May, when the data on China are excluded, according to the PMI results published today.
Tuesday, May 17, 2022
US economy: "Forecasters predict slower growth" for 2022 and 2023
The most recent survey of 34 professional forecasters, realised by the Federal Reserve Bank of Philadelphia, shows that the United States outlook is significantly weaker than it was three months ago.
The median projection for the United States real GDP growth is estimated at 2.5% for this year and 2.3% for 2023. Three months ago the projections were respectively 3.7% and 2.7%.
Link to the Second quarter 2022 Survey of Professional Forecasters