| Today's Economy
LatAm Daily Briefing: January 8 Fallout Bolsonaro supporters’ attack on Brazil’s governmental offices exposes the nation’s deep political chasm. Inside Economics Podcast: Episode 93—Slowcession Where's the line between recession and no recession? Europe Daily Briefing: Euro Zone Unemployment Remains Low Despite improvements, high inflation and rock-bottom sentiment will cut into external demand. Asia-Pacific Daily Briefing: Taiwan's Trade Ends the Year on a Whimper Exports fell sharply in December. » VIEW MORE TODAY'S ECONOMY
Commentary
Surveying the Runway Recent U.S. data have inspired well-founded optimism for a soft landing in the economy. U.S. Weekly Highlights and Preview, January 6, 2023 All signs point to inflation continuing to moderate on a year-over-year basis. U.S. Jobs Report Cont'd: Much for the Fed to Like The labor market is undergoing a steady loosening. Latin America Weekly Highlights and Preview, January 6, 2023 At the end of 2022, Peruvian inflation tilts upward while Chile’s inflation drops. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Unemployment rate
Dec. 2022: 1.9%
Switzerland’s unemployment rate inched lower in December to 1.9% from 2% in November, hitting a multi-decade low. Germany
Industrial Production
Nov. 2022: 0.2% m/m
In November, German industrial production increased 0.2% m/m on a seasonally adjusted basis after a fall of 0.4% in October—a downward revision from the initial estimate of -0.1%. Italy
Unemployment
Nov. 2022: 7.8%
Italy’s labour market held steady in November. Euro Zone
Unemployment
Nov. 2022: 6.5%
The euro zone’s unemployment rate remained unchanged at 6.5% in November. Ireland
Industrial Production
Nov. 2022: 6.4% m/m
Ireland’s industrial production partially recovered by 6.4% m/m in November after October’s 8.7% drop in output. Mexico
Consumer Price Index
Dec. 2022: 7.82% y/y
Annual inflation in Mexico ended 2022 with no further improvement but below the peak reached during the year. Chile
Foreign Trade
Dec. 2022: US$1,846.4 mil
Chile's trade accounts posted the largest surplus since April 2021 as higher copper prices and increased production bolstered exports and as a contracting economy curbed imports. Canada
Building Permits
Nov. 2022: 14.1% m/m
In defiance with its trend, Canadian building permits soared 14.1% to $11 billion in November. World
Moody's Analytics Global CPI
Nov. 2022: 1.0% m/m
World
Moody's Analytics Survey of Business Confidence
January 06: 3.1
Global business sentiment remains on edge. United States
California Manufacturing Survey
2023Q1: 57.4
United States
Consumer Credit (G19)
Nov. 2022: $28.0 bil
The stock of consumer credit outstanding expanded by $28 billion in November, beating out consensus expectations for a $24 billion addition. United States
Semiconductor Billings
Nov. 2022: -3.0%
China
Foreign Trade
Dec. 2022:
Philippines
Foreign Trade
Nov. 2022:
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