| Today's Economy
Economic Roundup: All Eyes on Thursday’s CPI Report Inflation likely continued to cool after peaking in June. Final Thoughts Ahead of December's CPI We expect a headline rise of 0.1% from the month before, a touch higher than consensus. LatAm Daily Briefing: Uruguay’s Outlook Remains Stable The nation’s in better shape economically and politically than its LatAm peers. China’s Oil Imports From Russia: A Blend of Sweet and Sour Steep discounts and China’s economic rebound will bolster the red dragon’s demand for Russian oil. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Road to Recession: Perhaps Just a 'Slowcession' Under almost any scenario, the economy is set to have a difficult year. Prices Fall, but Housing Remains Overvalued By 2025, U.S. house prices will be back to their late-2021 level, eliminating an estimated $4 trillion in housing wealth. Country Risk Spotlight: United Kingdom The country has the most negative near-term economic outlook of all major advanced economies. U.S. Chartbook: A Promising Start The December employment report brought good news for the Fed's mission to squash inflation. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Nov. 2022: -0.7% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s industrial production contracted 0.7% month over month in November. Italy
Retail Sales
Nov. 2022: 0.8% m/m
Italy’s month-on-month retail sales ticked up by 0.8% in November, offsetting October’s drop, as food and nonfood spending grew by 0.6% and 1%, respectively. Portugal
Consumer Price Index
Dec. 2022: 9.6%
Portuguese inflation in December was 9.6% y/y. Mexico
Industrial Production
Nov. 2022: 3.2% y/y
Mexico’s industrial production index reported annual growth of 3.2% in November, after increasing 3.1% in the previous month and advancing 1% a year ago. Brazil
Retail Sales Index
Nov. 2022: 1.5% y/y
Retail consumption decelerated in November as the spending on elections ended. United States
MBA Mortgage Applications Survey
January 06: 1.2%
Mortgage activity rose slightly in the first week of the year, increasing by 1.2%. United States
Oil Inventories
January 06: 439.6 mil barrels
An unexpected jump in crude oil inventories is likely to push down on prices somewhat. Uruguay
Industrial Production
Nov. 2022: -5.9% y/y
Uruguay’s industrial production decreased for the second month in a row, declining 5.9% y/y in November following a 4.2% decrease in October. Australia
Foreign Trade
Nov. 2022:
China
Consumer Price Index
Dec. 2022:
China
Producer Price Index
Dec. 2022:
China
Foreign Trade
Dec. 2022:
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