| Today's Economy
Economic Roundup: Service Prices Keeping Inflation Elevated In October, final demand services were up 0.3% on the month and 3.5% on a year-ago basis. Europe Daily Briefing: Autos Still in a Tight Spot Confronted with narrow policy objectives, global competition, and low demand, carmakers face tests of their resilience and adaptability. Asia-Pacific Daily Briefing: Australian Unemployment Rate Spends Third Month at 4.1% Signs of weakness are creeping in. Economic Roundup: Sticking to Script The U.S. CPI ticked up a mild 0.2% in October, while core CPI rose 0.3%. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Shifting Sands Despite U.S. strength, global growth is uneven and political uncertainties cloud the outlook. What Ishiba 2.0 Means for Japan’s Fiscal Policy Adjusting to a world with inflation will be a fraught process. Latin America’s Energy Transition Challenge Investing in adaptation will be key in the next decade as the adverse effects of climate change take a toll on LatAm economies. U.S. Road to Recession: Looking Through It Large declines in employment and the labor force and an increase in the number of unemployed workers offset each other to keep the jobless rate stable. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland
Consumer Price Index
Oct. 2024: 1.1% y/y
In October, Finland’s annual inflation rate perked up to 1.1% year over year from 0.8% in September. Sweden
Consumer Price Index
Oct. 2024: 1.6% y/y
Sweden’s CPI inflation rate was at 1.6% y/y in October, unchanged from September. Spain
Consumer Price Index
Oct. 2024: 1.8% y/y
In October, Spain's CPI inflation rate rose to 1.8% y/y from 1.5% in September. Netherlands
GDP
2024Q3: 0.8% q/q
Dutch real GDP expanded 0.8% quarter over quarter in the third quarter, according to preliminary estimates. Euro Zone
Industrial Production
Sep. 2024: -2% m/m
The euro zone’s industrial production fell 2% m/m in September, reversing August’s downwardly revised 1.5% increase. World
Moody's Analytics Global CPI
Oct. 2024: 4.4% y/y
According to the Moody’s Analytics estimate of global CPI inflation, price growth was 4.4% y/y in October, accelerating slightly from September’s 4.2% rise. United States
Producer Price Index
Oct. 2024: 0.2% m/m
Producer prices rose a touch stronger than anticipated in October. United States
Jobless Claims
November 09: 217,000
U.S. initial claims for unemployment insurance edged lower in the week ended November 9. Colombia
Industrial Production
Sep. 2024: -4.2% y/y
Manufacturing output declined by 4.2% year on year in September following a 1.8% fall in August. United States
St. Louis Fed Financial Stress Index
November 08: -0.57
The St. United States
Natural Gas Storage Report
November 08: 42 bil cubic feet
Last week’s rise in natural gas stocks matched analyst predictions. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Oct. 2024: 37.4 weeks, NSA
United States
Oil Inventories
November 08: 429.7 mil barrels
Oil inventories built by 2.1 million barrels in the week ended November 8, besting consensus estimates of a 1.1 million-barrel increase. Mexico
Monetary Policy
Nov. 2024: 10.25%
The Central Bank of Mexico continued to ease monetary conditions in November, cutting the reference rate by 25 basis points to 10.25%. Japan
GDP
2024Q3:
China
Fixed-Asset Investment
Oct. 2024:
China
Industrial Production
Oct. 2024:
China
Retail Sales
Oct. 2024:
Indonesia
Foreign Trade
Oct. 2024:
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