U.S. consumers keep spending at a solid pace

Stronger-than-expected U.S. retail sales suggest the economy has started Q4 on solid footing. Industrial production still weak amid Boeing strike and hurricane impacts. But surging Empire Index points to a likely rebound in the near-term. Business inventories kept in line with sales. Lean retail inventories pose an upside risk to inflation. A pickup in import prices rounds the picture of stalling broad disinflation. China's economy improves due to stimulus. Japan's GDP increases the case for another BoJ hike. U.K. economy slows more than anticipated.

Complete the form and a member of our team will send you a copy of this publication.

While you wait, explore additional NDR research and solutions.