Today's Economy Vizcarra Power Play Triggers Constitutional Crisis The escalation of Peru’s political conflict will take a toll on confidence. Venezuela’s Oil Output Sinks to New Low U.S. sanctions have closed the door for oil exports. Low Interest Rates and Diminished Recession Fears Lift Equities in September The market is not yet especially worried about a recession despite a lowering of the interest rate outlook. Europe Daily Briefing: Energy Depresses the Euro Zone's CPI Low nonenergy goods inflation remains one of the euro zone's biggest mysteries. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: Still Standing The U.S. consumer remains vital to the expansion but may be getting weary. U.S. Weekly Highlights and Preview, September 30, 2019 The ISM manufacturing survey should edge higher in September. Vietnam Outlook: Tiptoeing Toward the Winner's Circle Despite risks to the downside, the country will remain one of the world's fastest-growing economies. U.S. Federal Outlook: Multipliers and the Next Recession Brief White House consideration of a payroll tax cut revived debate about the efficacy of various cuts. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States CoreLogic Home Price Index Aug. 2019: 3.6% The CoreLogic Home Price Index increased 3.6% year over year in August, matching the pace set in July before revisions. United States Semiconductor Billings Aug. 2019: 2.5% Global semiconductor sales totaled $34 billion in August. Euro Zone Preliminary Consumer Price Index Sep. 2019: 0.9% Preliminary numbers showed that euro zone inflation eased to 0.9% y/y in September from 1% in August, in line with our expectations. Chile Monthly Economic Activity Indicator Aug. 2019: 3.7% Chile’s economic activity rebounded in August, fueled by mining production. Brazil Industrial Production Aug. 2019: -2.5% Brazil’s industry continued to report annual contraction in August, although it advanced from the previous month. Peru Consumer Price Index Sep. 2019: 1.9% The consumer price index for the Lima metropolitan area rose 1.85% in September on a year-ago basis, 15 basis points below the middle of the central bank’s target of 1% to 3%. Canada Industry Output Jul. 2019: 0.0% Canadian GDP stalled in July. United States Construction Spending (C30) Aug. 2019: 0.1% Construction spending came in a tick below the consensus estimate for August. United States ISM Manufacturing Index Sep. 2019: 47.8 The ISM manufacturing index is headed in the wrong direction as the trade tensions continue to bite, and it's possible that the United Auto Workers strike also dinged the ISM in September. United States Moody’s Analytics Policy Uncertainty Index September 27: 147.2 The four-week moving average in our U.S. policy uncertainty index continues to increase. Brazil Foreign Trade Sep. 2019: US$2.25 bil United States Vehicle Sales - AutoData Sep. 2019: » VIEW MORE ECONOMIC INDICATORS |