| Today's Economy
Economic Roundup: An Employment Report to Ignore The weakest job gain since December 2020 was driven by a one-off strike and hurricane impacts. Geopolitical Risk Calendar: New Taxes and Borrowing to Fuel U.K. Budget Elections are proving pivotal for Georgia, Moldova and Japan. Canada Weekly: Tariffs Mean Trouble Canada waits anxiously as the U.S. federal election draws near. Euro Zone Inflation Sees a Cloudy October September's sunny optimism has faded a bit, but things were not particularly bad. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Federal Budget: A Review of Fiscal Year 2024 Congress will need to act in coming sessions to make progress toward fiscal sustainability. U.S. Weekly Highlights and Preview, November 1, 2024 We expect that Fed meeting to culminate in a 25-basis point interest rate cut as incoming inflation data continue to go the Fed’s way. U.S. Jobs Report Cont’d: Barely Positive Hurricanes and the Boeing strike weighed heavy on October’s payroll report. Latin America Weekly Highlights and Preview, November 1, 2024 Production gets a boost in Brazil but slumps in Chile. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Consumer Price Index
Oct. 2024: 0.6%
Switzerland’s CPI inflation rate eased to 0.6% y/y in October from 0.8% in September. Hong Kong SAR (China)
Retail Sales
Sep. 2024: -6.9% y/y
Hong Kong’s retail sales fell 6.9% year over year in value terms in September, better than our expectations of a 7.2% drop. Mexico
Employment Situation
Sep. 2024: 2.9% Unemployment
Mexico's unemployment rate declined marginally in September. Brazil
Industrial Production
Sep. 2024: 4.9% y/y
Industrial production advanced further in September as manufacturing and construction recovered. United States
Employment Situation
Oct. 2024: 12,000 m/m
The October employment report was even weaker than expected. United States
ISM Manufacturing Index
Oct. 2024: 46.5
U.S. manufacturing activity contracted again in October. United States
Construction Spending (C30)
Sep. 2024: 0.1% m/m
Construction spending in the U.S. was estimated at a seasonally adjusted annualized rate of $2.149 trillion in September. Peru
Consumer Price Index
Oct. 2024: 2.0% y/y
A second consecutive monthly decline in food prices kept the Lima consumer price index smack in the middle of the central bank's 1% to 3% target range. » VIEW MORE ECONOMIC INDICATORS | 
