| Today's Economy
Economic Roundup: More Signs Point to U.S. Inflation Easing The U.S. producer price index sends a similar message as the consumer price index. LatAm Daily Briefing: Argentina’s Trade Surplus Thins The smaller surplus will pressure the already-battered peso. Europe Daily Briefing: Euro Zone Trade Deficit Eases The value of imports falls in September, allowing the deficit to shrink. Asia-Pacific Daily Briefing: Mixed Bag for Japan's GDP Japan surprises with a 0.3% q/q contraction. » VIEW MORE TODAY'S ECONOMY
Commentary
Easing of Inflation Varies Across U.S. Regions October’s CPI moderation brought sighs of relief, but they were more muted in the West and Northeast.
The Macroeconomic Cost of Climate Inaction The U.S. economy can be decarbonized at a modest economic cost provided that the transition begins soon and occurs gradually. U.S. Chartbook: A Week of Surprises Midterm election results and the latest numbers on inflation were unexpected, but their implications for policymaking are limited. Rising Interest Rates and Mortgage Payments in Europe Borrowing costs have risen sharply in the U.K. and the Nordics, and more abrupt changes await. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Consumer Price Index
Oct. 2022: 6.2% y/y
France’s inflation rate increased to 6.2% y/y in October from 5.6% in September. Spain
Consumer Price Index
Oct. 2022: 7.3% y/y
In October, Spain's consumer price index declined to 7.3% in yearly terms, after an 8.9% gain in September. Sweden
Consumer Price Index
Oct. 2022: 10.9% y/y
Sweden’s inflation rate inched higher this October, to 10.9% year over year from 10.8% previously. United Kingdom
Unemployment
Sep. 2022: 3.6%
The U.K. unemployment rate fell by 0.2 percentage point to 3.6% in the July-September quarter, down from 3.8% in the Apr-Jun quarter. Euro Zone
External Trade
Sep. 2022: -€34.4 bil
The euro zone’s not seasonally adjusted trade balance fell to a deficit of €34.4 billion in September from a surplus of €6.7 billion a year earlier. Canada
Survey of Manufacturing
Sep. 2022: 0.0% m/m
Manufacturers stemmed their losses in September as sales turned flat. Canada
New Motor Vehicle Sales
Sep. 2022: -4.6% y/y
New motor vehicle sales have marginally increased for the third consecutive month in September. Canada
Wholesale Trade
Sep. 2022: 0.1% m/m
Wholesale sales moderated in September in line with the general easing of demand across the economy. United States
NY Empire State Manufacturing Survey
Nov. 2022: 4.5
The November Empire State Manufacturing Survey provided some reassurance about current conditions, but the most striking takeaway is growing consternation about what lies ahead. United States
Producer Price Index
Oct. 2022: 0.2% m/m
The U.S. India
Foreign Trade
Oct. 2022: -US$26.9 bil
India's trade deficit continues to grow with imports outstripping exports by US$26.9 billion in October. World
Moody's Analytics Global GDP
2022Q2: 0.1% q/q SAAR
Global growth slowed sharply in the second quarter amid soaring inflation pressures, persistently high commodity prices, and continuing supply-chain hurdles. Peru
Unemployment
Oct. 2022: 7.2%
The job market in metropolitan Lima improved for the first time in four months, but it would be a stretch to say it has returned to good health. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Oct. 2022: 42.81 weeks, NSA
New-vehicle affordability decreased in October, marking the eighth consecutive monthly decline. Colombia
GDP
2022Q3: 7.0% y/y
Colombia's economy expanded by 7% y/y in the third quarter supported by pent-up demand and high international energy prices. Argentina
Consumer Price Index
Oct. 2022: 88.0% y/y
The statistics office’s national consumer price index increased 6.3% m/m in October, compared with 3.5% a year earlier. Japan
Machinery Orders
Sep. 2022:
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