| Today's Economy
A U.S. Government Shutdown Wouldn't Have Significant Economic Costs The political costs would likely exceed the economic. Hungary Pulls an Unorthodox Move The central bank sets out to flatten the yield curve. Economic Briefing: U.S. Labour Market Strength The job market remains strong, despite damage by Hurricanes Harvey and Irma. Economic Roundup: Trade Will Weigh on Fourth Quarter GDP Growth The trade deficit widened on imports surging to an all-time high. » VIEW MORE TODAY'S ECONOMY
Commentary
Canada Outlook: Normalcy Looms Ahead After a year of robust growth, the economy is poised to deliver a slower, though still solid, performance. U.S. Chartbook: Entering the Homestretch Home sales and construction spending beat expectations, while revisions move the dial on GDP and inflation only minimally. China Outlook: Shadow Monetary Tightening Ends The economy is likely to grow well in 2018; government intervention remains constant. Latvia Outlook: Robust but Volatile Growth The Baltic economy will gain steam this year and next. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Manufacturing Turnover and Orders Received
Oct. 2017: 0.5%
German manufacturing expanded by 0.5% m/m in October following a revised 1.2% increase in September. United States
MBA Mortgage Applications Survey
December 01: 4.7%
The U.S. housing market data have improved recently, suggesting that housing is on a better trajectory heading into next year. United States
Risk of Recession
Oct. 2017: 2%
The expansion is not in serious jeopardy even as this expansion continues to age. United States
ADP National Employment Report
Nov. 2017: 190,000
The job market is maintaining solid momentum. United States
Productivity and Costs
2017Q3: 3.0%
Productivity growth was unrevised in the third quarter, bucking our and consensus expectations for a small upward revision. Russian Federation
Consumer Price Index
Nov. 2017: 0.2%
The November Russian consumer price index showed continued slowing in inflation, with a 2.5% year-over-year increase relative to 2.7% in October. Canada
Monetary Policy
Dec. 2017: 1%
The Bank of Canada stood pat at its final meeting of 2017. United States
Oil Inventories
December 01: 448.1 mil barrels
A much larger than expected decrease in crude oil inventories will put upward pressure on oil prices. Brazil
Monetary Policy
Dec. 2017: 7.00%
The central bank eased monetary conditions again in December because inflation remains subdued. Australia
Foreign Trade
Oct. 2017:
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