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Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Thursday, October 10, 2024

Today's Economy


Economic Roundup: On the High Side

The U.S. CPI came in stronger than expected in September, rising 0.2%.

LatAm Daily Briefing: A Lesson From Chile’s Inflation Battle

Controlling inflation requires balancing excessive domestic demand with lackluster production.

Europe Daily Briefing: At Last, the Data Are In

The updates for the German data from May to August proved to be a pleasant surprise.

Asia-Pacific Daily Briefing: Philippine Exports Avoid Negative Dip

The country is yet to feel the benefits of global tech sector growth.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Road to Recession: Catch-up or Caution?

We look for the Fed to enact quarter-point cuts at both its November and December meetings.

Excess Savings or a Financial Cushion?

U.S. pandemic-era excess savings remain but serve as a financial cushion rather than for spending.

Higher-Income U.S. Consumers Less Confident Than Usual

There's evidence that confidence differs across the income spectrum.

U.S. Inflation Tracker : Headline PCE Falls

We expect core PCE to reach the Fed’s 2% target by this time next year.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Denmark
Consumer Price Index
Sep. 2024: 1.3% y/y
Danish September CPI data show a small decline in price growth from August to September.

Norway
Consumer Price Index
Sep. 2024: 3% y/y
Norway’s inflation rate accelerated to 3% y/y this September from 2.6% in August.

Italy
Industrial Production
Aug. 2024: 0.1% m/m
Italy's industrial production rose by 0.1% month over month in August, slightly below the Moody’s Analytics forecast of a 0.3% increase.

Portugal
Consumer Price Index
Sep. 2024: 2.1%
In September, inflation slightly increased to 2.1% from 1.9% in August.

Ireland
Consumer Price Index
Sep. 2024: 0.7% y/y
Ireland’s consumer price inflation fell to 0.7% in September, marking the first time headline inflation has dipped below 1% since April 2021.

Brazil
Retail Sales Index
Aug. 2024: 5.1% y/y
Brazil’s retail consumption continued to advance at a solid pace in August as spending is fueled by employment and money transfers from the government.

Germany
Retail Sales
Aug. 2024:

United States
Jobless Claims
October 05: 258,000
U.S. initial claims for unemployment insurance soared higher to start October, but the increase was partly because of the impact of Hurricane Helene in the Southeast.

United States
Consumer Price Index
Sep. 2024: 0.2% m/m
The consumer price index rose faster than expected in September.

United States
St. Louis Fed Financial Stress Index
October 04: -0.62
U.S. financial market stress declined to -0.62 in the week ended October 4, according to the St.

United States
Natural Gas Storage Report
October 04: 82 bil cubic feet
The rise in natural gas stocks exceeded analyst predictions, which could weigh down on gas prices.

Argentina
Consumer Price Index
Sep. 2024: 209.0% y/y
The national consumer price index rose 3.5% month on month in September, following a 4.2% increase the previous month and a 12.7% rise a year earlier.

South Korea
Monetary Policy
Oct. 2024:

» VIEW MORE ECONOMIC INDICATORS

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