Today's Economy Final Thoughts Ahead of November U.S. Employment We look for a 225,000 gain in jobs and a small drop in the unemployment rate. Domestic Demand Powers Euro Zone Growth Lingering labour slack is holding back household consumption in the periphery. Mexico’s Inflation Challenges the Central Bank Prices keep readjusting up given the accumulated lags. A Sign That U.S. Inflation Is Set to Pick Up New York Fed's underlying inflation measure is perking up. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Economic Preview: 11-15 December Monetary pause to close the year in Chile, Colombia, Mexico and Peru 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Foreign Trade Oct. 2017: -€ 5.0 bil France’s trade deficit increased to €5 billion in October. Imports recorded another strong month and gained 1.1%, building on a downwardly revised 1.1% in September. Germany Industrial Production Oct. 2017: -1.4% German industrial production retreated unexpectedly in October, dropping for a second consecutive month. Euro Zone GDP 2017Q3: 0.6% The euro zone's real GDP expanded by 0.6% q/q in the third quarter, in line with preliminary estimates, and down from 0.7% in the second stanza. Chile Consumer Price Index Nov. 2017: 1.9% Chile’s inflation remains below target but shows an upward trend. Chile Foreign Trade Nov. 2017: US$512.0 mil Chile’s trade surplus narrowed to $512 million in November from $583 million in the prior month. United States Challenger Report Nov. 2017: 35,038 The Challenger report provides further confirmation of a healthy labor market. United States Jobless Claims December 02: 236,000 The labor market engine is running smoothly. Canada Building Permits Oct. 2017: 3.5% The Canadian housing market rose for a second month in October. Mexico Consumer Price Index Nov. 2017: 6.63% Annual inflation rebounded in November after a few months of decline. United States St. Louis Fed Financial Stress Index December 01: -1.58 Financial stress conditions increased off their all-time low, rising to -1.58. United States Quarterly Services Survey 2017Q3: The Quarterly Services Survey bodes well for revisions to third-quarter consumer spending. Canada Purchasing Managers' Index Nov. 2017: 63.0 The seasonally adjusted Ivey Purchasing Managers' Index hit 63 in November, slightly down from October’s 63.8. United States Natural Gas Storage Report December 01: 2 bil cubic feet An unexpected increase in natural gas inventories will put downward pressure on prices. China Foreign Trade Nov. 2017: United States Financial Accounts - Households 2017Q3: $96.94 tril Household wealth grew strongly in the third quarter and continues to support consumer spending. United States Financial Accounts - Nonfinancial Corporate 2017Q3: $23.60 tril Nonfinancial corporate business balance sheets improved in the third quarter. United States Consumer Credit (G19) Oct. 2017: $20.5 bil Headline consumer credit beat expectations for the second consecutive month. Japan GDP 2017Q3: Australia Housing Finance Oct. 2017: » VIEW MORE ECONOMIC INDICATORS |