KPMG Economics
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.
Our latest thinking
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Dog days of summer: Tariffs start to bite
How tariffs act on the economy.
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Headlines mask weakness and inflation surge
Brace for fireworks.
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Wars of the Roses: Structural change watchlist
AI will eventually help to mitigate inflationary shocks by boosting productivity growth.
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Global Navigator from KPMG Economics
Tariffs stunt global growth: Financial system instability is showing
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Construction in the crosshairs: Downside risks via shifts in trade and immigration policy
Immigrant workers helped cool excessive wage growth.
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Navigating increasingly complex supply chains: Five trends shaping the economic landscape
Inflation risks rise.
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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.
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KPMG Economics distributes a wide selection of insight and analysis to help businesses make informed decisions.
September 24th Global Economic Outlook event
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.
No results found.
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Consumer incomes and spending gain ground
Early signs of strain emerging in the labor market.
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July retail sales extend June strength
Consumers spent with less confidence.
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Summer heatwave continues
The super core CPI jumped 0.5%.
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Debt burdens expand with student loans
Auto and credit card loans soften.
No results found.
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Tenuous balance in the labor market
Low hiring continues to be offset by low layoffs.
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Payrolls remain subdued
Government jobs are shifting sectors.
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Labor market stalled in July
The labor market has slowed; no doubt about it.
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Labor market churn is low
The labor market is in a state of uneasy balance.
No results found.
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Fed split over rate cut decision: No signals on a September cut
The challenge for the Fed would be a deterioration in employment.
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Brace for dissent
The pandemic inflation is still smoldering.
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Powell stays uncomfortably on the sidelines
The Fed’s trajectory on rates was unchanged with two cuts.
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Powell keeps head down
Forecast includes stagflation.
No results found.
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New home sales down 8.2% year-over-year
Over nine months' supply of housing is on the market.
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Headline figures mask weakness in housing
Affordability challenges are compounding.
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New home sales moved sideways in June
Home builders are increasingly pessimistic about sales conditions.
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Housing starts led by multifamily construction
Builders are cautiously optimistic about sales six months from now.
No results found.
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Trade deficit widens
The deficit nearly doubled with China.
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Construction spending down three months in a row
Falling home values will dent wealth effects.
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Headline durables gave back gains
Broad-based gains for the month.
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Industrial Production Slipped in July
Capacity utilization lagged.
No results found.
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Uncertain economic outlook sways bankers
Lending standards are becoming tighter.
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Access to business loans tightens
A less favorable economic outlook
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Banks are tightening credit
Banks tightened lending standards at year-end.
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Loan demand weakens
There is reason for the Federal Reserve to further cut interest rates.
No results found.
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Central Bank Scanner: Fed weighs joining rate cutting cycle
Fiscal stimulus will pick up across Europe in 2026.
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Latin America slows in the second half of 2025
Tariffs are the wild card.
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Look for weaker growth in Latam in 2025
Fiscal sustainability remains a concern.
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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.
KPMG Global Economic Outlook
Register now for the KPMG Global Economic Outlook webinar scheduled for June 5th. This session will feature regional Chief Economists, the Global Geopolitics Lead, the Global Trade and Customs leader, along with senior advisors from KPMG, offering an insightful quarterly briefing designed specifically for executive decision-makers.
KPMG Economics in the news:
- Expect fiery outcomes from Fed’s Jackson Hole conference this week
The Producer Price Index is up 0.9%, the biggest jump since 2022. This is pushing fears that tariffs are reigniting cost pressures through the supply chain and onto businesses and consumers. “The PPI shock complicates the Fed’s path,” said KPMG chief economist Diane Swonk. “Rate cuts are on the table, but the inflation stickiness makes a big move risky.”
August 18, 2025 | TheStreet
- U.S. inflation holds steady at 2.7% in July despite Trump’s tariffs
Diane Swonk, chief economist at KPMG, said rises in U.S. inflation in recent months, especially in import-reliant categories such as tools, appliances and furnishings, showed that “the tariffs have begun to bite.” “We expect more price increases” as companies begin to raise prices, she said, adding: “This is only the beginning.”
August 12, 2025 | Agence France Presse
- Trump warns courts not to block tariffs
KPMG chief economist Diane Swonk breaks down the fallout from President Trump’s latest tariffs, which took effect Thursday.
August 08, 2025 | ABC News Now
- Jobs report preview & immigration policy's impact
KPMG chief economist Diane Swonk joins Yahoo! Finance ‘Market Domination’ with Josh Lipton to discuss what to expect from Friday's jobs report and how President Trump's crackdown on immigration has impacted labor data so far.
July 31, 2025 | NPR Marketplace
Subscribe to insights from KPMG Economics
KPMG Economics distributes a wide selection of insight and analysis to help businesses make informed decisions.
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