Today's Economy Economic Roundup: Mixed Message on U.S. Housing Market House price data move in opposite directions in September. LatAm Daily Briefing: U.S. Softens Sanctions on Venezuela Even the potential economic boost will not ease tensions between Maduro and the opposition. Europe Daily Briefing: Euro Zone Sentiment Improves Although consumer confidence recovered in November, deep uncertainty persists. Asia-Pacific Daily Briefing: Japan's Labour Market Treads Water The unemployment rate was unchanged at 2.6% in October. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: Fed Tones It Down Powell suggested the economy will soon need smaller rate hikes for longer. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland GDP 2022Q3: 0.2% q/q Switzerland’s third-quarter GDP grew by 0.2% q/q, adding to a downwardly revised 0.1% increase in the second quarter. Sweden GDP 2022Q3: 0.6% q/q Sweden’s third-quarter GDP grew by 0.6% q/q, slowing from a downwardly revised 0.7% increase in the second quarter. Sweden Retail Sales Oct. 2022: -1.3% m/m Retail sales in Sweden tumbled 1.3% m/m in October, deepening a 0.6% decline in September. Euro Zone Business and Consumer Sentiment Nov. 2022: 93.7 In November, the euro zone’s economic sentiment index rose to 93.7 from 92.7 in October. Belgium Consumer Price Index Nov. 2022: 10.6% y/y Chile Employment Oct. 2022: 8.0% Chile's unemployment rate inched higher in October amid the slowdown in growth. Mexico Employment Situation Oct. 2022: 3.3% Unemployment Mexico’s unemployment rate remained stable and low in October as the economy created more jobs. Canada GDP 2022Q3: 2.9% SAAR Surging exports and inventories helped GDP avoid a decline in the third quarter as many other components faltered. Canada Gross Domestic Product by Industry Sep. 2022: 0.1% m/m Real GDP rose moderately in September, up 0.1% for 3.9% year-over-year growth. United States S&P CoreLogic Case-Shiller® Home Price Indexes Sep. 2022: 10.4% y/y The U.S. housing market is buckling under the weight of higher mortgage payments and low housing affordability. United States FHFA Purchase-Only House Price Index Sep. 2022: 11.0% y/y The Federal Housing Finance Agency Purchase-Only House Price Index rose 11% on a year-ago basis in September. United States Conference Board Consumer Confidence Nov. 2022: 100.2 U.S. consumer confidence fell less than expected in November but still hit its lowest level since July, according to the Conference Board. United States Texas Service Sector Outlook Survey Nov. 2022: 5.5 Texas service sector activity as a whole advanced at a slow pace in November. South Korea Industrial Production Oct. 2022: South Korea Retail Sales Oct. 2022: Japan Industrial Production Oct. 2022: China Manufacturing PMI Nov. 2022: » VIEW MORE ECONOMIC INDICATORS |