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Weekly Economic Perspective

US Consumer Credit Dynamics Send Cautionary Signals

Chief Economist
Investment Strategist

The Economy

  • US CPI inflation a touch stronger than expected.
  • Canadian building permits decline.
  • UK industrial production rises modestly.
  • Weak industrial sector data in the eurozone.
  • Japan’s output gap declines.
  • Aussie CPI inflation cools more than consensus anticipates.

Spotlight On Next Week

  • US homebuilder sentiment to improve further.
  • UK ILO unemployment rate to increase.
  • Japan’s national CPI to remain above target.
  • Aussie employment may cool.

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