FOR IMMEDIATE RELEASE
MONTREAL, QC, March 29, 2021 (Press Release) â Numera today released the latest update of its Global Manufacturing Tracker, which reveals factory output experienced a pullback in early 2021, which we expect to be temporary.
The March 2021 edition of Numera Analytics’ Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, as well as our latest country and regional views on growth, inflation, and exchange rates.Â
The March 2021 edition of our Commodity Market Outlook focuses on gold, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
The February 2021 edition of Numeraâs US Macro Monitor explores the possibility of âoverheatingâ. While GDP should normalize by Q4/21, it will take longer for the job market to recover, mitigating inflationary pressures. The macro outlook favours stocks over bonds, especially âreopeningâ sectors.
FOR IMMEDIATE RELEASE
MONTREAL, QC, March 3, 2021 (Press Release) â Numera today released the latest update of its Global Retail Sales Tracker, which suggests that retail spending picked up in early 2021 after two months of decline.
Global retail turnover fell 0.4% in December, significantly better than the 1% contraction we had anticipated in last monthâs Retail Tracker. This outperformance primarily reflected a stronger-than-expected recovery in Western Europe as authorities eased control measures.
FOR IMMEDIATE RELEASE
MONTREAL, QC, February 26, 2021 (Press Release) âNumera today released the latest update of its Global Industrial Tracker, which points to weakening but positive output growth early in 2021. However, we expect industrial activity to accelerate during the summer months as higher vaccination rates lift demand for consumer goods.
Global industrial production grew 1.2% month-over-month in December. The strong performance primarily reflected strong growth in China and the United States. Production in China continues to benefit from strong credit growth and public investment, whereas operating conditions in the US have strengthened on the back of strong business and residential investment.
FOR IMMEDIATE RELEASE
MONTREAL, QC, February 25, 2021 (Press Release) â Numera today released the latest update of its Global Manufacturing Tracker, which reveals factory output continues to expand well above trend despite very low away-from-home traffic.
The February 2021 edition of our Commodity Market Outlook focuses on crude oil, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
The February 2021 edition of Numera Analytics’ Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, as well as our latest country and regional views on growth, inflation, and exchange rates.Â
The January 2021 edition of Numeraâs US Macro Monitor explores the growth and equity market implications of President Bidenâs $1.9T stimulus proposal. We find the full package could lift real GDP by about 3.5% this year and operating earnings by as much as 15%.