|
Consumer Economics
|
Consumer Economics
|
|
Canada's Consumer Price Index in November edged up 0.1% month-over-month, up 3.1% year-over-year; monthly increase led by a decline in gasoline prices: Statistics Canada
Statistics Canada (12/19)
|
Employee Compensation & Benefits
|
|
DoorDash, Uber implement changes to support customers in paying lower tips following New York law that ensures drivers receive minimum wage; companies say tipping changes offset higher costs that they now have to pass on to customers due to the new law
9to5Mac (12/19)
Teamsters reach tentative deal with DHL Express after 12-day unfair labor practice strike by ramp, tug workers of union at Cincinnati/Northern Kentucky International Airport; deal includes higher wages, better benefits and enhanced workplace safety
Associated Press (12/19)
|
Employee Well-Being / Satisfaction
|
|
Survey of 11,000 employees shows 28% are ready to move on from current jobs within a year; top five factors correlated with intention to stay or leave are job security, being treated fairly, enjoyable work, feeling valued, and feeling supported
The Boston Consulting Group Inc. (12/19)
|
|
|
Leading Indicators
|
Energy Indicators / Energy Costs
|
|
US average on-highway diesel fuel price in week ended December 18 decreased to US$3.894/gallon from US$3.987/gallon last week; average regular gasoline price decreased to US$3.053/gallon from US$3.136/gallon: EIA
U.S. Energy Information Administration (EIA) (12/19)
|
Employment Statistics & Trends
|
|
US recorded 5,486 fatal work injuries in 2022, up 5.7% from 2021; fatal work injury rate was 3.7 fatalities per 100,000 full-time equivalent workers, up from 3.6 per 100,000 FTE in 2021: BLS
U.S. Dept. of Labor (DOL) (12/19)
In the US, 169.8 million persons worked at some point in 2022, representing 63.8% of the civilian noninstitutional population age 16 and up; proportions of men and women who worked were 68.8% and 58.9%, respectively: Dept. of Labor
U.S. Dept. of Labor (DOL) (12/19)
|
Interest Rates
|
|
US builder confidence in market for newly built single-family homes rose three points to 37 in December, ending a four month decline; increase led by a decline in mortgage rates: NAHB
National Association of Home Builders (NAHB) (12/18)
|
Inflation
|
|
Euro area annual inflation rate was 2.4% in November, down from 2.9% in October; the rate was 10.1% a year earlier: Eurostat
Eurostat (12/19)
Report projects grocery market to rise 3.1% year-over-year to US$926B in 2023, though digital sales will fall to US$121B from US$128B; inflation drove prices up 12% this year, which hurt brand name selection, quantity of items bought: Grocery Doppio
Supermarket News (12/18)
|
|
|
|
Housing/Real Estate
|
Home Ownership
|
|
Housing wealth for homeowners aged 62 and older in Q3 increased by US$178.4B to a record US$13.08T; senior-held mortgage debt reached a record US$2.32T: NRMLA
National Reverse Mortgage Lenders Assn. (12/18)
|
Mortgages / Home Financing
|
|
US mortgage applications for new home purchases increased 21.8% year-over-year in November, but were 12% lower compared to October; average loan size decreased to US$390,049 from US$390,225 in October: Mortgage Bankers Assn.
Mortgage Bankers Association (12/19)
|
New Homes
|
|
New home prices in Canada declined 0.2% month-over-month in November, with prices down or unchanged in 25 of 27 metro areas surveyed; new home prices decreased 0.9% year-over-year in November: Statistics Canada
Statistics Canada (12/18)
|
Residential Construction & Real Estate
|
|
SSAB and subsidiary Ruukki Construction donate Ruukki roofing products to OperationAid to support reconstruction of houses in Ukraine; products include roof profiles, flashings and fasteners, made from SSAB color-coated steel at Ruukki's Kyiv plant
ENP Newswire (12/19)
Ruukki subsidiary Plannja to become 'first in Scandinavia' to deliver residential roofing products using SSAB's fossil-free steel; products to be manufactured at Plannja's facilities in Jarnforsen and Landsbro, Sweden
Cision (12/19)
|
Commercial Construction & Real Estate
|
|
Electric vehicle startup Rivian selects construction firm Clayco to build its 16 million-square-foot, US$5.0B factory near Atlanta, Georgia, expected to open in 2026; construction to begin early next year
Atlanta Journal-Constitution (GA) (12/19)
Canada's investment in building construction rose 2.7% to C$19.4B in October as residential sector grew 3.9% to C$13.4B, non-residential sector was flat at C$6.0B; investment in single-family homes increased 3.1%, multifamily up 4.6%: Statistics Canada
Statistics Canada (12/18)
|
|
|
|
Corporate Economics
|
Corporate Management
|
|
Lawmakers across US are looking to establish programs that limit carbon emissions, require businesses to bid for ‘allowances’ for each ton they emit; backlash is mounting over Washington state’s program for perceived contribution to high gas prices
Washington State Standard (12/19)
Amcor’s decision to stop contributions to its Irish pension scheme challenged by trustees in court, with trustees arguing that Amcor should have given fair notice; Amcor says clause in the trust deed allows it to end contributions immediately
Irish Times (Ireland) (12/19)
|
Corporate Finance
|
|
Essity will classify its financial reporting of Vinda as discontinued operations as of Q4; acquisition by Isola Castle expected to be completed mid-2024, after which Vinda will be offered an exclusive license to market and sell certain Essity products
Contify Retail News (12/19)
Mondi to return about €775M to shareholders via special dividend of €1.60/share following the sale of Mondi Syktyvkar in Russia to Sezar Invest; Mondi to ask shareholders to vote on special payout at general meeting on Jan. 15
Alliance News (12/19)
|
|
|
|
Macro Data
|
|
Latest Value |
Prev Value |
Year Ago Value |
|
ADP Non-Farm Private Sector Employment
Thousands
|
Latest: May/22
|
129,256.10
|
129,127.87
|
124,001.26
|
|
Unemployment Claims 4-Wk. Avg.
Total, Seasonally Adjusted
|
Latest: 12/31/23
|
213,750
|
220,500
|
209,250
|
|
Unemployment Claims, U.S. (NSA)
Total, Not Seasonally Adjusted
|
Latest: 12/31/23
|
275,552
|
269,849
|
278,487
|
|
Unemployment Claims, U.S. (SA)
Total, Seasonally Adjusted
|
Latest: 12/31/23
|
204,000
|
223,000
|
206,000
|
|
Unemployment Rate, U.S.
%
|
Latest: Nov/23
|
3.70
|
3.90
|
3.60
|
|
U.S. Treasury Bills: 10-Year, Monthly
%
|
Latest: Nov/23
|
4.50
|
4.80
|
3.89
|
|
30-Year Fixed-Rate Mortgage (FRM)
%
|
Latest: 12/14/23
|
6.95
|
7.03
|
6.31
|
|
CAD/USD - daily
Real/US$
|
Latest: 12/19/23
|
0.75
|
0.75
|
0.73
|
|
Consumer Confidence
Index 1985=100
|
Latest: Nov/23
|
102
|
99.10
|
101.40
|
|
|
|
Leading Indicators
|
|
Interactive Chart: Click on legend/key to see full view on your dashboard
|
|
|
|
|
|
|
|
|
|
|
|
Interactive Chart: Click on legend/key to see full view on your dashboard
|
|
|
|
|
|
|
|
|
| Latest Corporate Economics Updates |
Latest Value |
Prev Value |
Year Ago Value |
YOY Chg |
|
Corporate Profits: After Tax
billions $ |
Latest:
Q3
|
2,709
|
2,602
|
2,755
|
-1.66%
|
|
Inventories: Total Business
millions US$ |
Latest:
Oct/23
|
2,550,016
|
2,553,086
|
2,533,813
|
0.64%
|
|
Manuf: Avg Weekly Hrs, Non-Supervisors
Hours |
Latest:
Nov/23
|
40.60
|
40.70
|
40.80
|
-0.49%
|
|
Manufacturers Orders: Durable
millions US$ |
Latest:
Oct/23
|
279,431
|
295,365
|
278,512
|
0.33%
|
|
Manufacturers Orders: Nondurable
millions US$ |
Latest:
Oct/23
|
297,326
|
303,230
|
310,570
|
-4.26%
|
|
|
|
|
|
Interactive Chart: Click on legend/key to see full view on your dashboard
|
|
Sources: Industry Intelligence Inc.,Census Bureau
|
|
|
|
|
Housing & Economy
Call Us
Email Us
