The October 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 September 2021 edition of Numera’s US Macro Stategist (formerly Monitor) focuses on Fed policy, exploring the financial market implications of Fed tapering and the likelihood of a tightening cycle. We find that multiple rate hikes remains unlikely, continuing to support equity returns even as long-term yields pick up.
The first edition of Numera’s LatAm Macro Strategist offers a deep dive on key macro themes affecting the regional investment outlook.Â
The September 2021 edition of Numera’s Global Macro Strategist (renamed from Global Macro Monitor) analyzes the investment implications of ongoing supply chain disruptions. Elevated shipping costs and delays in delivery weigh on the global investment outlook, since they weaken growth and amplify inflationary pressures.
The September 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 September 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 August 2021 edition of Numera’s US Macro Monitor investigates the economic and financial market implications of the bi-partisan Infrastructure and Jobs Act (IIJA). We find that the IIJA could lift US GDP by around 0.5%, and improve the relative appeal of equities versus fixed income holdings.
FOR IMMEDIATE RELEASE
MONTREAL, QC, September 1, 2021 (Press Release) – Numera today released the latest update of its Global Retail Sales Tracker, which confirms global goods consumption weakened in mid-2021.
The slowdown primarily reflects a normalization of expenditure patterns in the United States, where households are allocating a greater portion of their disposable income to contact services. This ‘substitution’ effect is still not visible in EMs, where retail spending continued to recover on the back of stronger away-from-home traffic.
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MONTREAL, QC, August 26, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which shows global production continues to recover despite rising concerns about the Delta wave of COVID infections.
Worldwide industrial output rose 0.9% month-over-month in June after a tightening of restrictions in Asia caused global output losses of 0.3% the previous month. The June gain pushed industrial production to just 0.6% below its pre-pandemic path. This compares to a manufacturing output gap of 1.5%. The difference reflects subdued mining activity, with global crude oil production only starting to strengthen in late June.
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MONTREAL, QC, August 25, 2021 (Press Release) – Numera today released the latest update of its Global Manufacturing Tracker, which reveals manufacturing output remains resilient to the Delta wave of infections.
After contracting 0.8% month-over-month in May, global factory output rebounded in June, rising 1.1%. Inflationary pressures eased somewhat in June, but remain elevated by historical standards. Global PPI inflation came in at 11% annualized, versus 20%+ over the 3 previous months.