| Today's Economy
Economic Roundup: Final Thoughts on U.S. CPI U.S. CPI is due Wednesday, U.S. small businesses are still feeling queasy, U.K. labor market weakens, and COP29 convenes. LatAm Daily Briefing: The COP29 Convenes The region will renegotiate its pledges to reduce greenhouse gas emissions. Europe Daily Briefing: U.K. Labour Market Softens, German CPI Rises The U.K. unemployment rate rose to a multi-month high, while German CPI growth hit 2% year on year. Final Thoughts Ahead of October’s CPI We assume a 0.3% increase in the headline and core CPI in October. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Household Debt Tracker: Smooth Sailing Although more Americans are falling behind on loan payments, U.S. households remain on a relatively firm financial footing. U.S. Chartbook: Hold On The Federal Reserve cut rates again, but many industries have yet to receive relief. Europe’s Automotive Rebuke The EU’s imposition of tariffs on Chinese EVs marks a critical juncture for the auto industry. U.S. Weekly Highlights and Preview, November 8, 2024 We expect a 0.3% monthly increase in the headline CPI, bringing the annual rate up slightly to 2.6%. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Consumer Price Index
Oct. 2024: 3.5% y/y
Dutch headline consumer price inflation was revised down to 3.5% year over year in October, marginally lower than the initial estimate of 3.6% and unchanged from the previous month. Germany
Consumer Price Index
Oct. 2024: 2.0% y/y
Germany's inflation rate rose to 2% year over year in October from 1.6% in September and 1.9% in August. United Kingdom
Unemployment
Sep. 2024: 4.3%
The latest data show that the U.K. labour market has lost steam, with the employment rate edging lower in the three months to September and the unemployment rate rebounding to 4.3% from 4% in the three months to August. United States
NFIB Small Business Survey
Oct. 2024: 93.7
Sentiment on Main Street improved in October. Brazil
Retail Sales Index
Sep. 2024: 2.1% y/y
Household consumption continued to advance in September, fueled by the recovery of spending benefiting from government money transfers and employment in construction and services. India
Industrial Production
Sep. 2024: 3.1% y/y
India's industrial production index rose by 3.1% in September year over year. India
Consumer Price Index
Oct. 2024: 6.21% y/y
In October, India’s consumer price index rose 6.21% year over year, surging from September’s increase of 5.49%. Canada
Building Permits
Sep. 2024: 11.5% m/m
The total value of building permits in Canada pushed higher by C$1.3 billion (11.5%) to C$13 billion in September. Canada
RPS House Price Index
Oct. 2024: 3.8% y/y
In October, Canadian housing prices ticked down 0.1% for the second month in a row. Argentina
Consumer Price Index
Oct. 2024: 193.0% y/y
The national consumer price index rose 2.7% month on month in October following increases of 3.5% in the previous month and 8.3% a year earlier. South Korea
Employment
Oct. 2024:
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