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.
Trouble in the Tetons… Disinflation and the global outlook
The post-pandemic world is expected to be more inflation prone.
Industry Insights with KPMG Economics
Discussions around the latest trends and what the future might hold across key industries with Chief Economist Diane Swonk
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.
Consumers spend inside during heatwaves
Retail sales tied to home buying, like furniture and electronics, lost ground.
Inflation still too hot
Food prices pick up, especially beef.
Consumers drain savings to spend
The outlier is spending on food; it has been trending down in real terms since August 2021.
Healthcare, finance, wholesale trade and leisure and hospitality added jobs in July
Average hourly earnings rose 4.4% annually.
Employment gains moderate
Construction, healthcare and leisure and hospitality are adding jobs.
A goldilocks JOLTS report in June
This JOLTS report ticked all the Fed’s boxes.
Fewer openings for job hunters
Fewer job openings in 44 states in July.
Pause with a hawkish clause
Stronger economic growth, in and of itself, justifies higher rates.
A “patient and resolute” Fed
The goal is to defeat, not just cool, inflation.
Industrial production beats expectations
Seasonal auto production and heatwaves distorted July data.
Aircraft orders lift durable goods orders
Other gains came from computers, electronics and electrical goods.
Trade deficit shrinks
The U.S. trade deficit with China fell by $2.1 billion in June.
Mexico wins in the push to friend-shore
Mexico is now the top U.S. trading partner.