Today's Economy LatAm Daily Briefing: Uruguay’s Central Bank Pulls Harder The bank steps up its ongoing efforts to control relentless inflation. Europe Daily Briefing: Euro Zone Manufacturing Rout Continues October’s manufacturing PMI weakened more than the flash estimate implied. Asia-Pacific Daily Briefing: Kiwi Unemployment Holds Firm Unemployment near a record low in the September quarter. Economic Roundup: Mixed Messages About U.S. Soft Landing The ISM manufacturing survey had some favorable details, but the JOLTS did not. » VIEW MORE TODAY'S ECONOMY
Commentary Emerging Market View: Don’t be Fooled by Resilience A more challenging macro environment looms. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Unemployment Oct. 2022: 5.5% The German unemployment rate was 5.5% in October, unchanged from September. United States MBA Mortgage Applications Survey October 28: -0.5% The housing market continues its substantial weakening. Chile Monthly Economic Activity Indicator Sep. 2022: -0.4% y/y Chile’s economic activity weakened in September as industrial production contracted in the month. United States Moody's Analytics Inflation Expectations Pulse October 30: 2.68% The Federal Reserve would like inflation expectations in the U.S. to inch closer to its 2% long-run target. United States Housing Vacancies & Homeownership 2022Q3: 66.0% The U.S. homeownership rate edged up from 65.8% to 66% in the third quarter. United States Oil Inventories October 28: 436.8 mil barrels A larger-than-expected decline in crude oil stocks could push up on prices. Russian Federation Unemployment Sep. 2022: 3.9% Russian Federation Retail Sales Sep. 2022: -9.8% y/y Russia’s retail sales contracted by 9.8% y/y in September, deepening the 8.8% decline in August. United States FOMC Monetary Policy Nov. 2022: 3.75% to 4.0% As expected, another 75-basis point rate increase to the fed funds rate was announced at November’s Federal Open Market Committee meeting. United States Semiconductor Billings Sep. 2022: -0.5% Global semiconductor sales continued to deteriorate in September. Australia Foreign Trade Sep. 2022: » VIEW MORE ECONOMIC INDICATORS |