| Today's Economy
Inflation Eases, Will the Fed? After an extraordinary four consecutive 75-basis point rate increases by the central bank, a slowdown will be unsurprising. LatAm Daily Briefing: Political Uncertainty Roils Argentina Before 2023 Elections The vice president’s conviction throws the presidential race wide open. Europe Daily Briefing: U.K. Unemployment Creeps Higher Greater labour force participation pushes the U.K. unemployment rate higher in October. Asia-Pacific Daily Briefing: Philippine Trade Powered by Electronics A flurry of orders before the holiday season narrowed trade deficit. » VIEW MORE TODAY'S ECONOMY
Commentary
Consumers Will Spend More in 2023 Growth will be modest, but it will not fall under the weight of losses in wealth, slowing job growth, and low confidence because of healthy real income growth. Getting Inflation Back in Its Bottle The U.S. economy is in serious jeopardy, but our baseline outlook still says prices can be tamed and recession isn't inevitable. U.S. Chartbook: Cautious Optimism The strong condition of the U.S. consumer will limit the severity of a near-term economic downturn. This Week in Housing Declines in U.S. mortgage rates do little to overcome pessimism as all eyes turn to CPI inflation. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
Nov. 2022: 10.0% y/y
Germany’s year-on-year CPI inflation rate was 10% in November, easing from 10.4% in October. Hong Kong SAR (China)
Industrial Production
Sep. 2022: -0.6% y/y
Hong Kong's third-quarter industrial production decreased by 0.6% year over year, following 2.7% year-over-year growth in the prior quarter, coming in above our expectations of a 2% decline. Italy
Industrial Production
Oct. 2022: -1.0% m/m
Italy’s industrial production fell by 1% m/m in October, worsening September’s drop; the headline index is now only slightly above pre-pandemic levels. United Kingdom
Unemployment
Oct. 2022: 3.7%
The U.K. unemployment rate increased to 3.7% in the three months leading up to October from 3.6% in the previous quarter. Canada
New Motor Vehicle Sales
Oct. 2022: 0.8% y/y
New motor vehicle sales have decreased by 5.2% in October after two consecutive monthly increases. United States
Consumer Price Index
Nov. 2022: 0.1% m/m
Consumers got more relief than expected on the inflation front in November. South Korea
Employment
Nov. 2022:
Japan
Machinery Orders
Oct. 2022:
Japan
Tankan Survey
2022Q4:
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