| Today's Economy
Economic Roundup: New-Home Sales Slide Storms were partly to blame for October's 17% monthly decline in new residential sales. Europe Daily Briefing: Sanctions and Tariffs Galore The EU proposes new sanctions on Chinese firms, while the U.S. announces tariffs. Credit Market View: Minor Change to Our Forecast Assumptions We expect inflation to continue moderating toward the Fed’s target, while our outlook for long-term interest rates was raised slightly. Asia-Pacific Daily Briefing: Singapore Factory Output Jumps Transport engineering drove growth. » VIEW MORE TODAY'S ECONOMY
Commentary
U.K. Chartbook: Disinflation Stalls Despite Slower Growth The service sector flatlined in September. Slump or Bump? Canada’s Outlook Under Trump The implications of the U.S. presidential election go well beyond tariffs. Challenges and Opportunities for India From Trump 2.0 For India, political equations will matter as much as economic ones. U.S. Chartbook: Housing and Other Concerns The housing market continues to struggle under the weights of high borrowing costs and low affordability. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Industrial Production
Oct. 2024: 1.2% y/y
Singapore’s factory output rose 1.2% y/y in October, undershooting market expectations but overshooting our expectation for a 2.5% fall. Hong Kong SAR (China)
Foreign Trade
Oct. 2024: -HKD31 bil
Hong Kong's merchandise trade deficit narrowed to HKD31 billion in October from HKD53.2 billion in September. United States
Philadelphia Fed Nonmanufacturing Survey
Nov. 2024: 2.0
According to the Philly Fed’s Nonmanufacturing Business Outlook Survey, service-sector activity expanded in November, albeit at a slower pace than in the prior month. United States
FHFA Purchase-Only House Price Index
Sep. 2024: 4.4% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index was up 4.4% in September on a year-ago basis. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Sep. 2024: 4.6% y/y
House price appreciation is moderating. United States
New-Home Sales
Oct. 2024: 610,000 SAAR
New-home sales fell sharply in October, falling short of consensus expectations. United States
Conference Board Consumer Confidence
Nov. 2024: 111.7
Consumer sentiment pressed ahead in November. United States
Richmond Fed Manufacturing Survey
Nov. 2024: -14
Fifth District factory activity was weak in November, according to the Richmond Fed Manufacturing Survey. United States
Texas Service Sector Outlook Survey
Nov. 2024: 10.9
Texas service sector activity firmed in November, continuing the trend in place throughout 2024. Argentina
Retail Sales Index
Sep. 2024: 161.0% y/y
The index that tracks nominal sales at shopping centers across the country’s large urban centers increased 161% year on year in September. Australia
Consumer Price Index
Oct. 2024:
New Zealand
Monetary Policy
Nov. 2024:
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