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Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Thursday, December 19, 2024

Today's Economy


Economic Roundup: U.S. Government Shutdown Looms

Government shutdown risks have risen, while U.S. economic growth accelerates.

Looking for a Christmas Miracle on Capitol Hill

The risk of a government shutdown has risen as Trump, Musk torpedo Johnson’s stopgap bill.

LatAm Daily Briefing: Trump Tariff Effects

The region is bracing for economic instability when the tariffs are imposed.

Car Trouble

EU new-car registrations are down overall, but hybrids are winning out.

» VIEW MORE TODAY'S ECONOMY



Commentary


Canada Risk Matrix: Tick Tock

The finance minister's shock departure leaves the government looking increasingly unstable.

Global Outlook: Growth Diminished

Trump's policies will bring higher inflation and diminished growth.

U.K. Housing Market Report 2024Q4

As recovery takes root, some easing in affordability pressures provides a positive outlook for next year.

U.S. Consumer Inflation Worries

Uncertainty is a concern for consumers in addition to the level of prices.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Philippines
Monetary Policy
Dec. 2024: 5.75%
As expected, Bangko Sentral ng Pilipinas cut the overnight reverse repo rate by 25 basis points to 5.75% in December.

Sweden
Monetary Policy
Dec. 2024: 2.5%
Sweden’s Riksbank cut its policy interest rate by 25 basis points to 2.5% at its December meeting.

Norway
Monetary Policy
Dec. 2024: 4.5%
The Norges Bank held its sight deposit rate at its December 19 meeting, leaving it at 4.5% for a full year now.

United Kingdom
Monetary Policy and Minutes
Dec. 2024: 4.75%
At the December meeting, the Bank of England kept the policy rate unchanged at 4.75%, in line with our baseline, the consensus, and financial market expectations.

Canada
Earnings, Hours and Employment
Oct. 2024: 5.3% y/y
The number of employees receiving pay and benefits from their employer fell again in October by 21,100 (-0.1%) positions after declining in September and changing little in August.

United States
Jobless Claims
December 14: 220,000
U.S. initial claims for unemployment insurance reversed course after rising in recent weeks.

United States
GDP
2024Q3: 3.1%, q/q, SAAR
The U.S. economy grew by a solid 3.1% in the third quarter, according to the Bureau of Economic Analysis’ final estimate.

United States
Industry GDP
2024Q3: 2.8 ppt, SAAR
Private industries contributed 2.8 percentage points to the 3.1% annualized growth in real GDP in the third quarter.

United States
Philadelphia Fed Survey
Dec. 2024: -16.4
Factory activity weakened in December in the Fed’s Third District.

United States
Existing-Home Sales
Nov. 2024: 4.15 mil, SAAR
Existing-home sales increased in November, climbing 4.8% to a seasonally adjusted annual rate of 4.15 million.

United States
St. Louis Fed Financial Stress Index
December 13: -0.59
The St.

United States
Conference Board Leading Indicators
Nov. 2024: 0.3%
The Conference Board Leading Economic Index increased 0.3% in November, bucking consensus expectations for no change.

United States
Natural Gas Storage Report
December 13: -125 bil cubic feet
Last week’s decline in natural gas stocks fell slightly short of analyst predictions, which could weigh on gas prices.

United States
Kansas City Fed Manufacturing Survey
Dec. 2024: -4
Manufacturing activity dipped in December among Tenth District factories, according to the Kansas City Fed’s Manufacturing Survey.

Mexico
Monetary Policy
Dec. 2024: 10.00%
Unsurprisingly, the Bank of Mexico prescribed another rate cut in its last meeting of the year as the decline in inflation opened space for additional monetary relaxation.

United States
Treasury International Capital Flows
Oct. 2024: $152.3 bil
Net long-term international capital flows were $152.3 billion in October, a decrease from net inflows of $216.1 billion in September.

New Zealand
Foreign Trade
Nov. 2024:

Japan
Consumer Price Index
Nov. 2024:

China
Monetary Policy
Dec. 2024:

Malaysia
Consumer Price Index
Nov. 2024:

» VIEW MORE ECONOMIC INDICATORS

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