| Today's Economy
Economic Roundup: Good News From the U.S. Goods Sector Housing starts and industrial production advanced in November. LatAm Daily Briefing: Per Capita GDP Fell in 2019 The region’s per capita GDP has contracted in three of the last six years. Japan Risk Matrix Update: Recession Risk Is High The economy is not in a good place. China Risk Matrix Update: The Enduring Trade War The economy is vulnerable to a severe downturn given the threats. » VIEW MORE TODAY'S ECONOMY
Commentary
Tariffs Tracker: One Step Closer to a Trade Deal It is premature to say we are at the beginning of the end of the trade wars. U.S. Chartbook: Tune Out the Noise, Signal Is Strong Calendar quirks distorted data on retail sales and initial jobless claims. U.S. Macro Outlook: Two Economies How Americans perceive the economy’s performance and prospects varies significantly according to whether they are Republican or Democrat. U.S. Weekly Highlights and Preview: December 16, 2019 Overall, the data should take on a slightly better tone. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Unemployment
Nov. 2019: 3.8%
U.K. joblessness held steady at 3.8% in the October quarter, in line with our expectations but beating the consensus for an increase. Euro Zone
External Trade
Oct. 2019: €28 bil
The euro zone’s external trade jumped to €28 billion in October from €13.2 billion in October 2018. Uruguay
GDP
2019Q3: 0.9%
Uruguayan GDP growth exceeded expectations in the third quarter, rising 0.9% after failing to advance in the second quarter. United States
Moody’s Analytics Policy Uncertainty Index
December 13: 113.7
The four-week moving average in our U.S. policy uncertainty index didn’t budge, coming in at 113.7 in the week ended December 13. United States
New Residential Construction (C20)
Nov. 2019: 1.365 mil
Residential construction gained additional ground in November. Canada
Survey of Manufacturing
Oct. 2019: -0.7%
Canadian manufacturing sales fell for the second month in a row. United States
Industrial Production
Nov. 2019: 1.1%
Industrial production rose a solid 1.1% in November, its first increase in three months. United States
Job Openings and Labor Turnover Survey
Oct. 2019: 4.6% openings rate
The October Job Openings and Labor Turnover Survey report adds to the picture of a moderating but still-solid labor market. United States
State and Local Government Tax Revenue
2019Q3: 6.3%
State tax collections extended their hot streak in the third quarter, rising by 6.3% from a year earlier. Argentina
GDP
2019Q3: -1.7%
The Argentine economy contracted 1.7% y/y in the third quarter after nil growth in the previous quarter. Japan
Foreign Trade
Nov. 2019:
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