| Today's Economy
More Than Meets the Eye in U.S. ISM Manufacturing Survey The Fed will cheer certain aspects of the survey, but the outlook for monetary policy is unchanged. LatAm Daily Briefing: LatAm’s Fiscal Health Remains Fragile Regional governments must juggle volatile revenue growth, high debt levels, and increased social spending. Europe Daily Briefing: U.K. Manufacturing Weakens Further The dismal measure is a bad sign for the economy heading into the fourth quarter. Asia-Pacific Daily Briefing: The Rate That Stops the Nation The Reserve Bank of Australia raised the cash rate by 25 basis points to 2.85%. » VIEW MORE TODAY'S ECONOMY
Commentary
JOLTS Raises Risk of Harder Push by Fed The supply-demand imbalance in the U.S. labor market worsened in September, raising the risk of a hard landing for the economy. Euro Zone's Nasty Inflation Surprise A spike in retail energy prices pushed the preliminary year-over-year CPI for October into double digits. U.S. Chartbook: Check Engine Light On Data released last week point to trouble for important engines of U.S. economic growth. U.S. Weekly Highlights and Preview, October 31, 2022 We'll see how tight the labor market is with the JOLTS and unemployment data. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Consumer Price Index
Oct. 2022: 5.7% y/y
Indonesia’s headline inflation in October decelerated to 5.7% y/y, a slightly lower rate than expected. Hong Kong SAR (China)
Retail Sales
Sep. 2022: 0.2% y/y
September retail sales values in Hong Kong surprised on the upside with a marginal 0.2% year-over-year growth to HKD28.1 billion; our expectations were for a 0.5% year-on-year decline. Brazil
Industrial Production
Sep. 2022: 0.7% y/y
Brazil’s industry posted a positive annual advance in September, as spending on political campaigns intensified. United States
Moody's Analytics Used Vehicle Price Indexes
Oct. 2022: -5.9%
U.S. used-vehicle prices experienced further weakness in October. United States
Construction Spending (C30)
Sep. 2022: 0.2% m/m
U.S. construction spending surprised to the upside in September with outlays rising 0.2% m/m compared with the consensus expectation of a 0.5% decline. United States
Job Openings and Labor Turnover Survey
Sep. 2022: 6.5% openings rate
The labor market keeps rolling along, suggesting that Fed action have yet to meaningfully restrain activity. United States
ISM Manufacturing Index
Oct. 2022: 50.2
U.S. manufacturing activity is still expanding, though the breadth of growth continues to narrow. United States
Texas Service Sector Outlook Survey
Oct. 2022: 8.5
The October Texas service sector report was mostly downbeat, though revenues improved. Peru
Consumer Price Index
Oct. 2022: 8.3% y/y
Inflation in Peru remains stubbornly high. United States
CoreLogic Home Price Index
Sep. 2022: 11.4% y/y
The CoreLogic Home Price Index slowed to 11.4% year over year in September. United States
Vehicle Sales - BEA
Oct. 2022:
Brazil
Foreign Trade
Oct. 2022: US$3.921 bilbil
Brazil’s trade account continued to report a surplus in October as export growth recovered and imports moderated. New Zealand
Employment Situation
2022Q3:
South Korea
Consumer Price Index
Oct. 2022:
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