| Today's Economy
Economic Roundup: Federal Reserve Hyper-Focused on Labor Market The degree of tightness in the job market will inform the path of inflation in service industries. Canada Weekly: Tourism Rebound Under Threat The tourism sector continues to rebound, though gains will likely slow over the near term. U.S. Productivity Growth Volatile but Trend Remains Solid The pandemic drove big swings in productivity, but normalization is on the horizon. Geopolitical Risk Calendar: EU Sets Oil Price Cap U.K. and European firms can refuse service if countries pay more than the cap limit. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, December 9, 2022 The Fed is expected to slow its rate hikes to only 50 basis points. U.S. Road to Recession: Underlying Resilience Consumer and business strength will help keep recession at bay. Latin America Weekly Highlights and Preview, December 9, 2022 Peru tightens as inflation rises, while Brazil hits pause as inflation declines. Europe Weekly Highlights and Preview, 9 December, 2022 U.K.'s economy remains weak, while euro zone production declines. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Retail Sales
Oct. 2022: 3.7% y/y
Indonesia's retail trade slowed to 3.7% y/y in October from 4.6% in September. Netherlands
Industrial Production
Oct. 2022: -1.6% m/m
Industrial production in the Netherlands slid 1.6% m/m in October in seasonally adjusted terms. Norway
Consumer Price Index
Nov. 2022: 6.5% y/y
Norwegian CPI fell to 6.5% y/y in November, retreating from the 7.5% y/y growth in October. Finland
Industrial Production
Oct. 2022: -2.3% m/m
Finland’s industrial production contracted by 2.3% month over month, erasing a 1.3% increase in September. Spain
Industrial Production
Oct. 2022: -0.4% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s industrial production contracted 0.4% month over month in October. Austria
Industrial Production
Oct. 2022: -0.6% m/m
In October, Austrian industrial production fell by 0.6% month over month after a fall of 1.2% in September, supporting our view that the August recovery of 5.4% was temporary. Brazil
Consumer Price Index
Nov. 2022: 5.90% y/y
Brazil’s annual inflation declined in November as prices moderated amid monetary restrictions. Canada
Industrial Capacity Utilization
2022Q3: 82.6%
Capacity utilization took a step backward as losses in manufacturing capacity offset gains elsewhere. United States
Producer Price Index
Nov. 2022: 0.3% m/m
The U.S. producer price index for final demand increased 0.3% in November for the third month in a row, a touch more than the consensus had anticipated. Belgium
Industrial Production
Oct. 2022: -2.8% y/y
In October, Belgium's industrial production tumbled by 2.8% on a year-ago basis, following an upwardly revised 1.2% rise previously. United States
Wholesale Trade (MWTR)
Oct. 2022: 0.5% m/m
Wholesale inventories expanded 0.5% from September to October. United States
University of Michigan Consumer Sentiment Survey
Dec. 2022: 59.1
Consumer sentiment rose nearly as much as we expected and much more than consensus, nearly reversing its November loss and suggesting a return to the modest upward trend in place since it hit its record low in June, according to the University of Michigan. Russian Federation
Consumer Price Index
Nov. 2022: 12.0% y/y
The annual inflation rate ticked down to 12% year over year in November from 12.6% previously. United States
Financial Accounts - Households
2022Q3: $143.28 tril
Household wealth fell again in the third quarter and the trend will remain weak. United States
Financial Accounts - Nonfinancial Corporate
2022Q3: $30.31 tril
Nonfinancial corporate business wealth rebounded in the third quarter, rising $404 billion to $30.31 trillion. » VIEW MORE ECONOMIC INDICATORS | 