| Today's Economy
Economic Roundup: Quiet Start to a Short Week Few data are on the economic calendar this week and U.S. pending-home sales jumped 2.2%. Europe Daily Briefing: A Hint of Higher Inflation Preliminary estimates report rising inflation in Spain and Portugal. Japan Outlook: Q&A We answer questions about the outlook for Japan's economy. Asia-Pacific Daily Briefing: Mixed Signals From South Korea Retail sales beat expectations in November, but industrial production struggled. » VIEW MORE TODAY'S ECONOMY
Commentary
Housing’s Terrible, Horrible, No Good, Very Bad Year High mortgage rates and low affordability led to record-low home sales. A recovery will take time. Global Energy Outlook: Slow Demand Growth Oil prices will remain subdued, with the trend continuing into next year. U.S. Employment Outlook: Risks Rising The unemployment rate forecast is little changed; it will edge slightly lower but remain at or near 4% for the next few years. U.S. Chartbook: Changing Expectations The FOMC cut again in December, but fewer cuts appear to be on the horizon in 2025. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Foreign Trade
Nov. 2024: -US$0.2 bil
Thailand’s foreign trade deficit narrowed to $224.4 million in November from $794.4 million in October. Hong Kong SAR (China)
Foreign Trade
Nov. 2024: -HKD43.4 bil
Hong Kong's merchandise trade deficit widened to HKD43.4 billion in November from HKD31 billion in October. Chile
Employment
Nov. 2024: 8.2%
Chile's labor market improved in the September-November rolling quarter amid the economic recovery. World
Moody's Analytics Survey of Business Confidence
December 27: 26.5
Global business sentiment is ending 2024 strongly. United States
Pending Home Sales
Nov. 2024: 2.2% m/m
The National Association of Realtors' pending home sales index rose in November, up 2.2% from the previous month and 6.9% on a year-ago basis. United States
Texas Manufacturing Outlook Survey
Dec. 2024: 3.4
Texas factory activity strengthened in December, as the general business activity index turned positive for the first time since April 2022. Russian Federation
GDP
2024Q3: 3.1% y/y
South Korea
Consumer Price Index
Dec. 2024:
China
Manufacturing PMI
Dec. 2024:
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