| Today's Economy
Revisions to Construction Spending Boost Q3 U.S. GDP The mix of construction spending this quarter shifts, but GDP is still tracking 2.1%. Final Thoughts Ahead of November U.S. Employment We look for a 215,000 increase in nonfarm employment, but wage growth will be weak. Economic Briefing: Asian Equities Rise After OPEC Deal Korean trade data improve short-term growth prospects. Promising End to 2016 for Asia’s Manufacturers China, Japan and Taiwan saw solid increases. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Economic Preview: 5-9 December China's economy shows further signs of improvement. Trump’s Policies May Benefit the European Economy Europe could gain from higher inflation and fiscal relaxation, but protectionism poses a risk. Colombia Outlook: Growth Will Rebound Gradually in 2017 Interest rates are set to drop as inflation falls within the target range. The Trump Economy After near-term gains, the economy under the next president ultimately will be diminished. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Nationwide Housing Price Index
Nov. 2016: 4.4%
The Nationwide measure of house prices gained 4.4% y/y in November, marginally down from a 4.6% rise in the previous month. Italy
Unemployment
Oct. 2016: 11.6%
Italy's unemployment rate dipped to 11.6% in October from 11.7% in the previous month. Although the falling unemployment is good news, it may not be enough to help Prime Minister Matteo Renzi win the referendum on constitutional reforms on December 4. Italy
GDP
2016Q3: 0.3%
Italy’s economic growth accelerated in the three months to September, driven by stronger fixed investment. Euro Zone
Unemployment
Oct. 2016: 9.8%
The euro zone's labour market continues to improve. United States
Challenger Report
Nov. 2016: 26,936
The labor market remained healthy in November. United States
Semiconductor Billings
Oct. 2016:
Peru
Consumer Price Index
Nov. 2016: 3.35%
The consumer price index for the Lima metropolitan area rose 3.35% in November on a year-ago basis, roughly unchanged from last month’s rate. United States
Moody's Analytics Beige Book Index
Oct. 2016: 88.9
The Moody's Analytics Beige Book Index came in with a rating of 88.9 for November's edition of the Federal Reserve report, declining slightly since October. United States
Jobless Claims
November 26: 268,000
Initial claims have been volatile in the past few weeks, inching upward in the week ended November 26. United States
Construction Spending (C30)
Oct. 2016: 0.5%
Total construction spending in October increased 0.5% from a month earlier, falling in line with the forecast estimate. United States
St. Louis Fed Financial Stress Index
November 25: -1.126
The St. United States
ISM Manufacturing Index
Nov. 2016: 53.2
The worst appears to be behind U.S. manufacturing, but there are still some tests ahead, including an appreciating U.S. dollar. United States
Vehicle Sales - AutoData
Nov. 2016: 17.87 mil, SAAR
Vehicle sales fell modestly to 17.87 million units on a seasonally adjusted annualized basis in November, though this still beat expectations. United States
Natural Gas Storage Report
November 25: -50 bil cubic feet
The draw in natural gas inventories equaled analyst expectations, which will likely have little effect on prices. Brazil
Foreign Trade
Nov. 2016: US$4.76 bil
Brazil’s trade surplus rebounded to $4.76 billion in November, hitting its highest level in six months. South Korea
GDP
2016Q3:
Australia
Retail Sales
Oct. 2016:
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