Economy.com: Daily Update
| Tuesday, January 03, 2023 |
| Today's Economy
Economic Roundup: Kicking Off 2023 The U.S. economy will struggle this year, although we expect a recession will be averted. LatAm Daily Briefing: Main Risks Facing LatAm in 2023 Global and domestic tensions will shape the region’s prospects. Energy to the Rescue of Euro Zone Inflation Headline HICP is likely going to show a significant drop for December, but core prices will be far more newsworthy. Europe Daily Briefing: German Unemployment Remains Stable Increased use of the short-time work scheme reveals underlying economic challenges. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: All About Demand Cooling markets for housing, oil and imported goods are among drivers of the softening outlook. Slowcession The U.S. economy is sure to have a difficult 2023 as the Federal Reserve continues to aggressively push up interest rates to quell the painfully high inflation. Dodging Europe's Gas Crisis Risks remain elevated, and the price of natural gas will remain high throughout 2023. U.S. Weekly Highlights and Preview, December 30, 2022 We expect job gains continued to cool in December with the unemployment rate holding steady at 3.7%. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Unemployment
Dec. 2022: 5.5%
In December, the German unemployment rate was 5.5%. Chile
Monthly Economic Activity Indicator
Nov. 2022: -2.5% y/y
As expected, Chile’s economic activity contracted in annual terms as production felt the monetary brake. United States
Construction Spending (C30)
Nov. 2022: 0.2% m/m
Construction spending for November was estimated at a seasonally adjusted annualized rate of $1.808 trillion, 0.2% greater than the revised October estimate, besting consensus and our expectations of a 0.4% decline. World
Moody's Analytics Survey of Business Confidence
December 30: 4.0
Global businesses have been anxious throughout 2022. United States
CoreLogic Home Price Index
Nov. 2022: 8.6% y/y
Activity in the U.S. housing market continued to recede in November amid higher mortgage rates and low affordability. » VIEW MORE ECONOMIC INDICATORS |
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