| Today's Economy
Economic Roundup: Quiet Start to a Busy Week The economic calendar in the U.S. is packed this week. Inside Economics Podcast: Episode 87—The Resilient Job Market Remote work is here to stay, but for whom and in what industries? Europe Daily Briefing: Money Growth Is Slowing The ECB is tightening policy in response to the inflation crisis, and the intended outcome of interest rate hikes is to see lending and monetary aggregates recede. Asia-Pacific Daily Briefing: Aussie Households Feel the Pinch Retail sales fall for the first time since December. » VIEW MORE TODAY'S ECONOMY
Commentary
The Ghost of Fiscal Present: Twin Shocks The second of our three-part series on European fiscal rules. This Week in Housing Updates on U.S. house prices, pending sales and jobs this week will set the tone for the housing market. Global Outlook: Skating on Thin Ice Worldwide GDP growth will slow next year, and Europe won't escape recession. U.S. Credit Outlook: Slow Speed Ahead Growth will continue but at a much slower pace than what has been experienced since 2020. » VIEW MORE COMMENTARY
Today's Economic Indicators
Norway
Retail Sales
Oct. 2022: 0.0% m/m
Norwegian retail sales growth, excluding motor vehicles and petrol station sales, was flat in October from September. Hong Kong SAR (China)
Foreign Trade
Oct. 2022: -HK$20.9 bil
Hong Kong posted a trade deficit of HKD20.9 billion in October. Ireland
Retail Sales
Oct. 2022: 0.0% m/m
Irish retail sales stayed stable in October after a 3.1% quarter-over-quarter decline in September. Mexico
Trade Balance
Oct. 2022: -US$2,011.8 mil
Mexico’s trade balance posted another deficit in October, widening the negative gap this year. Canada
Balance of International Payments
2022Q3: -C$11.1 bil
Falling energy prices and a weakening global economy swung the current account balance into deficit in the third quarter. World
Moody's Analytics Survey of Business Confidence
November 25: 4.9
Global business sentiment is fragile and consistent with a global economy on the precipice of recession, about where it has been all year. United States
Texas Manufacturing Outlook Survey
Nov. 2022: -14.4
The Texas factory sector weakened in November. Japan
Employment Situation
Oct. 2022:
Japan
Retail Sales
Oct. 2022:
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