| Today's Economy
Surprises in November Advance Goods Deficit and Inventories Fourth quarter GDP is now tracking 1.8% thanks to more equipment spending and a larger inventory build. Holiday Sales Give U.S. Retail a Lift The Redbook index posted its second highest increase of the year. Happy Holidays From Economy.com The website will next be updated on Tuesday, December 27. Economic Roundup: U.S. Home Sales Were on a Decent Run Before Jump in Mortgage Rates This is the last Economic Roundup for the year; see you in January. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Preview: 2-6 January Trade data dominate a light week. U.S. State and Local Outlook: Preparing for President Trump Speculation on federal fiscal policy is fever pitched in the committee rooms of state capitols. U.S. Housing Outlook: Slow but Steady Medium-term expectations in the housing industry may have mildly improved since the election. U.S. Weekly Highlights and Preview, December 23, 2016 The economic calendar is very light but not barren. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Nationwide Housing Price Index
Dec. 2016: 4.5%
The Nationwide measure of house prices gained 4.5% y/y in December, marginally up from a 4.4% rise in the previous month. Hong Kong
Foreign Trade
Nov. 2016: -HK$34.1 bil
Trade activity strengthened in Hong Kong over November, but the outlook faces downside risks. Euro Zone
Monetary Aggregates
Nov. 2016: 4.8%
The seasonally adjusted annual growth of the euro zone’s M3 money supply rose to 4.8% y/y in November after a 4.4% increase in the previous month and was somewhat above the Moody's Analytics forecast. Brazil
Employment Situation
Nov. 2016: 11.9%
The jobless rate inched up in November as Brazil’s protracted slump drags on. Chile
Manufacturing Production
Nov. 2016: -2.06%
Factory output extended its decline in November amid frail domestic demand and flat exports. Chile
Retail Sales
Nov. 2016: 5.0%
Chilean retail sales remained extremely strong in November, growing 5% over the past 12 months. United States
Advance Wholesale and Retail Inventories
Nov. 2016: 0.9%
Wholesale stockpiles soared in November, putting the fourth quarter inventory build back on track. United States
International Trade in Goods - Advanced
Nov. 2016: -$65.3 bil
Trade will likely be a drag on fourth quarter GDP growth, as November’s advance trade numbers showed little cause for optimism. United States
Jobless Claims
December 24: 265,000
Initial claims don’t usually provide a reliable gauge of the labor market this time of this year because of seasonal adjustment issues surrounding the holidays. United States
St. Louis Fed Financial Stress Index
December 23: 1.134
The St. United States
Natural Gas Storage Report
December 23: -237 bil cubic feet
Natural gas inventories continue to fall by large seasonal amounts, which is putting upward pressure on natural gas prices. United States
Oil Inventories
December 23: 486.1 mil barrels
An unexpected increase in crude oil inventories will put downward pressure on oil prices. United States
Agricultural Prices
Nov. 2016: 3.5%
Agricultural prices had a good showing in November, reversing the previously downward trend. South Korea
Consumer Price Index
Dec. 2016:
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