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mtsinsights.bsky.social
Economic commentary, data, and reports with topics ranging from #macro to financial #markets. Tweets are not financial advice.
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Global price pressures increased to an 8-month high with the index rising from 0.8 to the long-run average of 1.0 in February. The Global Supply Shortages index was slightly higher by 0.1 ppts to 0.5. #supply

submitted 14 hours ago • 0 comments

The Global Manufacturing PMI increased 0.5 pts to 50.6 in February, an 8-month high, driven by gains in intermediate goods and investment goods #manufacturing.

submitted 14 hours ago • 1 comment

US #construction spending fell -0.2% MoM in January, below expectations of no growth. On an annual basis, construction spending was up 3.3% YoY. Residential construction fell -0.5% MoM, and nonresidential construction was up slightly, just 0.1% MoM.

submitted 14 hours ago • 0 comments

The ISM Manufacturing PMI fell -0.6 pts to 50.3 in Feb, below expectations of a 50.5 reading, as growth was subdued by tariff uncertainty. The Prices index jumped 7.5 pts to 62.4, the highest since Jun 2022, as manufacturers see a rapid rise in costs from trade uncertainty. #manufacturing #prices

submitted 15 hours ago • 1 comment

Mexico’s S&P Manufacturing PMI eased -1.5 pts to 47.6 in February, the worst in 5 months. Goods producers registered the quickest contraction since April 2021, with the US highlighted as a key source of demand weakness due to tariffs. #mexico #tariffs

submitted 15 hours ago • 0 comments

The S&P US Manufacturing PMI increased 1.5 pts to 52.7 in February, surpassing expectations of a 51.6 reading and the highest since June 2022. New order growth was the strongest in a year as customers looked to get ahead of higher prices due to tariffs coming. #usmanufacturing

submitted 15 hours ago • 1 comment

Canada’s S&P Manufacturing PMI crashed -3.8 pts to 47.8 in February, the lowest since last July, as tariffs heavily impacted activity. Amid some reports of vendor price uplifts in response to anticipated tariffs, input cost inflation rose to its highest level since April 2023. #canada #tariffs

submitted 16 hours ago • 0 comments

Not a great day to be dovish on Europe. Defense and inflation hawkishness is causing a big turnaround in the euro and bond yields after the Trump-Zelenskyy spectacle on Friday. #europe #markets

submitted 16 hours ago • 0 comments

The German manufacturing also bounced back in February, up 1.5 pts to 46.5, the highest in 25 months. #germany #manufacturing

submitted 17 hours ago • 0 comments

Poland’s manufacturing sector sees another strong upturn to expansion territory, up 1.8 pts to 50.6 in Feb, the highest since Apr 2022. New orders grew for the first time since Mar 2022. Sentiment was the highest since Feb 2024, and the 2nd-strongest in over 3.5 years. #poland #manufacturing

submitted 17 hours ago • 0 comments

The ISM Chicago PMI increased 6.0 pts to 45.5 in February, above expectations of a 40.6 reading and the highest since September 2024. The monthly increase was the largest since June 2024. #ISM #macro

submitted 3 days ago • 0 comments

US restaurants reported a strong start to the year thanks to a rise in traffic and sales. #restaurants

submitted 3 days ago • 1 comment

The US goods trade deficit surged 25.6% MoM to $153.3 billion in January, well above expectations of a deficit of $114.7 billion and the highest on record. #trade

submitted 3 days ago • 0 comments

Canada's GDP increased more than expected in Q4 2024 as a result of the strongest household spending since Q2 2022 and a surge in residential construction that was the highest since Q1 2021. #GDP #canada

submitted 3 days ago • 0 comments

Consumption has fallen at the largest rate since February 2021 even though incomes saw a large increase in January. #consumption

submitted 3 days ago • 1 comment

The Kansas City Fed Manufacturing Survey reflected weakness in Mid-America #manufacturing and a decline in employment not seen since the COVID pandemic.

submitted 4 days ago • 0 comments

Natural gas storage levels fell -261 Bcf last week, less than the -276 Bcf that was expected. Storage levels are down -23.4% YoY (prev -15.5% YoY) and -11.5% (prev -5.3%) compared to the 5-year average. #natgas #gas

submitted 4 days ago • 0 comments

Durable goods new orders jumped 3.1% MoM (vs 2.0% MoM expected) and 4.3% YoY in January, bouncing back from the -1.8% MoM drop in November and the -2.0% MoM drop in October. Ex transport, new orders were unchanged (vs 0.3% MoM expected) and up 1.7% YoY. #manufacturing

submitted 4 days ago • 0 comments

The 2nd estimates of Q4 2024 and full year 2024 GDP growth were unchanged at 2.3% and 2.8% respectively. However, both PCE and core PCE inflation were revised up by 0.1 ppts to 2.4% YoY and by 0.2 ppts to 2.7% YoY respectively. #GDP #inflation

submitted 4 days ago • 0 comments

The euro area consumer confidence indicator improved 0.6 pts to -13.6, a 4-month high. Amongst the business segments, industry saw the largest increase of 1.3 pts to -11.4, above expectations of a smaller increase to -12. #europe #consumers

submitted 4 days ago • 0 comments

Spain's inflation comes in slightly hotter than expected due to rising electricity prices. However, core inflation drops to the lowest since Dec 2021. #spain #inflation

submitted 4 days ago • 0 comments

France’s PPI increased 0.9% MoM but was down -1.0% YoY in January, up from a -2.5% YoY decline in December. Excluding energy, France’s PPI was still up a strong 0.8% MoM and the annual rate was positive at 1.5% YoY (up from 0.9% YoY). #franceinflation #PPI

submitted 4 days ago • 0 comments

In the latest EIA petroleum update, crude oil stocks surprised with a large -2.3 million drop when a build was expected. #oil #OOTT

submitted 5 days ago • 0 comments

Affordability is still a major issue in the new home market. Only 41% of homes sold were priced under $400k, the lowest in 18 months. #housing #realestate

submitted 5 days ago • 0 comments

US financial conditions continue to trend lower, now down to early late Sep/early Oct 2021 levels.

submitted 5 days ago • 0 comments

Spain’s PPI increased 0.4% MoM and 2.6% YoY in January, up from 2.3% YoY in December. This is the highest annual rate since February 2023. Energy costs were up 8.6% YoY as gas production prices (+4.8% MoM) and oil refining (+5.8% MoM) prices increased. #spain #ppi

submitted 5 days ago • 0 comments

The MBA 30-year fixed mortgage rate fell -5 bps to 6.88%, a 10-week low, and the 15-year fixed mortgage rate eased -6 bps to 6.25%. #mortgagerates

submitted 5 days ago • 0 comments

Germany's consumer climate surprisingly weakened in February and is expected to continue to weaken in March. #germany

submitted 5 days ago • 0 comments

The Bank of Japan's underlying measures of #inflation all accelerated in January. • Trimmed mean CPI inflation accelerated 0.3 ppts to 2.2% YoY. • Weighted median CPI inflation accelerated 0.4 ppts to 1.4% YoY. • The mode CPI inflation increased 0.2 ppts to 1.3% YoY.

submitted 5 days ago • 0 comments

Japan's Leading Economic Index for December has been revised. #japan

submitted 5 days ago • 0 comments

API crude oil inventories saw their first weekly decline in six-week, down -640k in the week of Feb 21st. #oil #energy

submitted 5 days ago • 0 comments

Germany's Q4 GDP growth was confirmed at -0.2% QoQ. The details show net trade was a major drag, contributing -1.2 ppts, offset by a large inventory build contributing 0.8 ppts. Ex these segments, GDP was up 0.2% QoQ. #germany #GDP

submitted 6 days ago • 0 comments

The NAHB Housing Market Index fell -5 pts to 42 in February, the lowest since September 2024 and below expectations of a stable 47 reading. The Next 6 Months Single Family Sales index saw an even steeper decline of -13 pts to 46, the lowest since June 2024. #realestate #housing

submitted 13 days ago • 0 comments

The ZEW Indicator of Economic Sentiment for Germany jumped 15.7 pts to 26.0, a surprise over the 20.0 reading that was expected. This was the strongest MoM increase in two years. #germany #sentiment

submitted 13 days ago • 0 comments

January French CPI inflation saw a sizeable upward revision from -0.1% MoM and 1.4% YoY in the initial estimate to 0.2% MoM and 1.7% YoY in the final estimate (vs 1.3% YoY in December). This is the highest since August 2024. #france #inflation

submitted 13 days ago • 1 comment

UK output per hour increased 0.7% QoQ in Q4 2024, the first increase in productivity since Q3 2023. However, output per hour is still down -0.8% YoY. The increase in productivity came from a slight increase in gross value added and a decline in hours worked. #uk #productivity

submitted 13 days ago • 0 comments

The UK added 107k jobs in the three months to December which increased the employment rate by 0.1 ppts to 74.9%. #uk #employment

submitted 13 days ago • 1 comment

The Reserve Bank of Australia cut its cash rate target by 25 bps to 4.10% in its latest meeting. This is the first cut in over four years and represents a major policy shift by the RBA. #RBA #australia

submitted 13 days ago • 0 comments

The GasBuddy national avg gas price increased 2.2 cents to $3.11. This is flat from a month ago but -16.5 cents below a year ago. The median US gas price is $2.99 per gallon, unchanged from last week and about -12 cents lower than the national average. #gasprices www.gasbuddy.com/go/national-...

submitted 14 days ago • 0 comments

The euro area trade balance was €15.5 billion in December, above €14.4 billion expected but below €16.0 billion in November. Exports fell -0.2% MoM but was outpaced by a stronger decline in imports, down -0.8% MoM. Intra-euro area trade increased 0.6% MoM. #europe #trade

submitted 14 days ago • 0 comments

Consumer spending experienced a "holiday hangover" according to the big retail sales miss. I highlight the emerging risks to the consumer outlook here: seekingalpha.com/article/4758... #retailsales #consumers

submitted 17 days ago • 0 comments

Industrial production increased 0.5% MoM (vs 0.3% MoM expected) in January after a strong 1.0% MoM increase in December. #Manufacturing production fell -0.1% MoM (vs 0.1% MoM expected) and mining production fell -1.2% MoM. Both were offset by utilities up 7.2% MoM as a result of cold weather.

submitted 17 days ago • 0 comments