The April 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
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MONTREAL, QC, April 8, 2021 (Press Release) â Numera today released the latest update of its Global Retail Sales Tracker, which suggests that global retail spending continued to weaken in Q1 after peaking last October.
Real retail sales edged up 0.8% in January, trailing expectations. The underperformance primarily stemmed from emerging markets, where retail traffic fell 7% in January amid a surge in COVID cases.
The March 2021 edition of Numeraâs US Macro Monitor explores the factors behind the surge in long-term Treasury yields and its implications for US investment strategy. We find that the increase primarily reflects stronger growth prospects, which improves the relative appeal of US equity holdings.
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MONTREAL, QC, March 31, 2021 (Press Release) â Numera today released the latest update of its Global Industrial Tracker, which points to weakening production in early 2021.
Our revised estimate for February reveals a 1% drop versus January, mainly due to reduced production amid severe winter storms in the US South. The February weather shock pushes world industrial activity 1.8% below its pre-COVID path.
In the March 2021 edition of Numeraâs Global Macro Monitor, we discuss Chinaâs economic outlook and the factors behind the ongoing CN equity sell-off. We find that the correction realigns stocks with macro fundamentals, which in a context of strong global growth limits tail risk on new investments. Read More
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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.
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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.