Today's Economy LatAm Daily Briefing: Colombia Finally Recoups Lost Jobs The current state of the labor market reflects structural deficiencies that existed before the pandemic. Europe Daily Briefing: U.K. Unemployment Falls Again Italy’s industrial production surprised to the upside in August with a 2.3% m/m jump in output. Asia-Pacific Daily Briefing: A $6 Billion Foreign Trade Deficit for the Philippines A slowing global economy dented key electronics exports. Economic Roundup: Global Business Confidence on Edge There is a lot to worry about. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, October 10, 2022 Output cuts announced by OPEC+ come as the U.S. economy is vulnerable and financial market conditions have tightened. U.S. Chartbook: Foot Firmly on the Brakes Don’t expect the Fed to pivot anytime soon based on the latest job-market data. Pakistan Risk Spotlight The IMF will allow the Pakistani government to draw US$1.1 billion to temporarily buoy the distressed economy. U.S. Jobs Report Cont'd: Fed Wants a Faster Slowdown The 263,000 addition to employment rolls in September marked a modest deceleration from August. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia Retail Sales Sep. 2022: 4.9% y/y Indonesia’s retail sales rose 4.9% y/y in August, down from 6.2% y/y in July. Italy Industrial Production Aug. 2022: 2.3% m/m Italy’s industrial production gained 2.3% m/m in August, building on July’s growth, and by doing so the headline index remained almost 4% above pre-pandemic levels. United Kingdom Unemployment Aug. 2022: 3.5% The U.K. unemployment rate fell to another record low of 3.5% in the June-August quarter, down from 3.8% in the March-May quarter. United States NFIB Small Business Survey Sep. 2022: 92.1 The NFIB Small Business Optimism Index edged higher in September, rising from 91.8 to 92.1. Brazil Consumer Price Index Sep. 2022: 7.17% y/y Brazil’s annual inflation continued to plunge in September, falling back into single digits. United States Moody’s Analytics Policy Uncertainty Index October 07: 345.8 4-wk MA The four-week moving average in our U.S. Canada RPS House Price Index Sep. 2022: Japan Machinery Orders Aug. 2022: South Korea Monetary Policy Oct. 2022: » VIEW MORE ECONOMIC INDICATORS |