Today's Economy Economic Roundup: U.S. Job Market Still a Model of Strength Jobless claims give little cause for concern ahead of next week’s employment report. Europe Daily Briefing: Euro Zone Money Supply Still Growing Loan growth to the economy is slowing, though higher than pre-pandemic norms. Asia-Pacific Daily Briefing: Rocky Readings From South Korea Industrial production and retail sales figures for November disappointed. Economic Roundup: U.S. Housing Market Goes Lower and Lower Pending home sales fell even more than expected in November. » VIEW MORE TODAY'S ECONOMY
Commentary APAC Outlook for 2023 The regional economy will slow but will avoid recession. Inflation Is Changing Under the Hood U.S. service prices now lead consumer price growth. U.S. Credit Outlook: A Look Back Overly aggressive tightening by the Federal Reserve is the main threat to lending in the months ahead. U.S. Chartbook: You’re a Mean One, Mr. Housing Market Mortgage rates have more than doubled since the beginning of the year, leaving buyers less willing and able to purchase new and existing homes. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain Retail Sales Nov. 2022: 3.8% m/m Spain's retail sales grew 3.8% month on month in November in seasonally adjusted and calendar-adjusted terms. Hong Kong SAR (China) Foreign Trade Nov. 2022: -HK$27.1 bil Hong Kong's trade deficit widened to HKD27.1 billion in November, up from HKD20.9 billion last month. Chile Employment Nov. 2022: 7.9% Chile's unemployment rate inched higher in November amid the slowdown in growth. United States Jobless Claims December 24: 225,000 U.S. initial claims for unemployment insurance are rising again but remain historically low. United States St. Louis Fed Financial Stress Index December 23: United States Natural Gas Storage Report December 23: -213 bil cubic feet Gas storage declines finally picked up last week, with gas declines exceeding expectations. United States Oil Inventories December 23: 419.0 mil barrels A surprise increase in crude oil inventories could put some downward pressure on oil prices. South Korea Consumer Price Index Dec. 2022: » VIEW MORE ECONOMIC INDICATORS |