A source for unbiased economic intelligence to help improve strategic decision-making.
What’s impacting labor market participation? Why are some sectors faring better than others? How do you separate the signal from the noise? KPMG Economics answers these questions and more, providing timely insight and analysis into the economic indicators. We monitor trends and identify potential opportunities that could impact your strategic objectives. Our perspectives look at both the short-term and long-term economic factors that are critical to guiding strategic decisions.
Navigating increasingly complex supply chains: Five trends shaping the economic landscape
Inflation risks rise.
Breaking up is hard to do: Tariffs & trade wars
The outlook for economic growth is cooling.
The care crisis: Eldercare collides with childcare
The advent of GenAI and the ways it can upskill formal care providers should reduce costs and improve care.
Economy still looks good on paper
The economy continues to look better on paper than it feels to most America.
Global Navigator from KPMG Economics
The global government debt balloon, defaults are not impossible.
The parental work disruption index: A new measure of the childcare crisis
Lack of access to childcare results in millions of lost work hours, which have downstream effects on productivity.
Groundhog day: Structural change watchlist
Structural shifts influence the contour and length of any given business cycle.
KPMG Economics distributes a wide selection of insight and analysis to help businesses make informed decisions.
Economic Coordinates
Explore analysis of key data indicators, such as job creation and the labor market, consumer spending, inflation, investment, housing and monetary policy. These combined data points are indicators of the overall health of the economy.
Winter storms chill consumers
The super core (inflation measure) is still running one percent above the pace in 2019.
Retail sales stumbled badly into 2025
Consumer spending should rise near a 2.5% annualized pace in Q1.
Debt is expanding but off previous peaks
Household debt levels increased at the end of 2024.
Prices accelerated in January
Inflation expectations are rising.
Solid, not spectacular, February job gains
Multiple job holders are rising again as a share of workers.
Job openings nearly equal job seekers
The wage premium for switching jobs slipped.
January employment solid
The number of multiple job holders increased to 8.8 million.
JOLTS show a cooling but stable labor market
Continued low voluntary attrition suggests wage increases will continue to slow.
Fed enters policy purgatory
Powell repeated “wait and see”.
A Powell Pause
Next inflation report likely to show more service sector inflation.
Fed hesitantly cuts rates in December
Forecast for 2025 shows fewer rate cuts.
A hawkish cut in December
A dissent is possible at the FOMC meeting.
New home sales tumble
High prices and rates mean many are priced out.
Record-cold temperatures stifled home building
Some producers are front-running tariffs by preemptively increasing prices.
Bump in home buying at year-end
Half of home sales sit just under the $400,000 price.
Unusual strength in housing at year-end
Multifamily gains rely on new household formation.
Durable goods orders rebound
It is too early to tell if this has staying power.
Industrial output expanded largely on utilities
Trade uncertainty weighs heavily on the sector.
Imports soared as firms hedged threats of port strikes and tariffs
Autos bucked the trend.
Construction spending increased at end of 2024
Uncertainty about the duration of tariffs on inputs will hold back some activity.
Banks are tightening credit
Banks tightened lending standards at year-end.
Loan demand weakens
There is reason for the Federal Reserve to further cut interest rates.
Bank lending is improving for consumers
Expect more rate cuts.
Bank lending standards ease in Q1
Nearly all banks cited less favorable or more uncertain outlooks for CRE.
Look for weaker growth in Latam in 2025
Fiscal sustainability remains a concern.
Five key considerations as US faces port strike
45,000 dockworkers on the East Coast and Gulf Coast are poised to strike on October 1st unless a last-minute deal is brokered.
Latin America: Growth outlook hampered by sticky inflation
Inflation progress will slow.
Global Navigator from KPMG Economics
Central banks eye global soft-ish landing
Webcast
Register today for our April 10, 2025 Economic Outlook with Chief Economist Diane Swonk.
KPMG Economics distributes a wide selection of insight and analysis to help businesses make informed decisions.