| Today's Economy
Economic Roundup: U.S. Economy Looks Solid Our high-frequency GDP model suggests growth for the third quarter is tracking at 3.3%. Europe Awaits an Industrial Revival We expect further declines in third-quarter output before the start of a tentative recovery in the last stanza of 2024. Europe Daily Briefing: Autos Boost Industrial Production August data were impressive, but we don't think the revival will last. U.S. High-Frequency GDP Update Our latest estimate was boosted by a narrowing in the trade deficit. » VIEW MORE TODAY'S ECONOMY
Commentary
Italy Outlook: Glimmers of Hope GDP was revised higher, but imbalances remain. Used-Vehicle Market Heats Up With Summer Price Increase This represents the first quarterly price increase for the U.S. market since the first quarter of 2023. U.S. Chartbook: What's Wrong? Despite cooling inflation and a robust labor market, consumers and businesses are feeling blue. India Internationalising The country must implement major reforms to sustain its economic momentum. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Foreign Trade
Sep. 2024: US$3.3 bil
Indonesia’s trade surplus rose to $3.3 billion in September from a downwardly revised $2.8 billion in August. Sweden
Consumer Price Index
Sep. 2024: 1.6% y/y
Sweden’s CPI inflation rate eased to 1.6% y/y this September from 1.9% in August. France
Consumer Price Index
Sep. 2024: 1.1% y/y
France’s CPI inflation rate fell to 1.1% year over year in September from 1.8% in August. United Kingdom
Unemployment
Aug. 2024: 4.0%
The latest data suggest that the U.K. labour market remains in fairly strong shape, with employment rising again in the three months to August and the unemployment rate dropping back to 4% from 4.1% in the three months to July. Spain
Consumer Price Index
Sep. 2024: 1.5% y/y
In September, Spain's consumer price index rose 1.5% year over year, down from 2.3% in August. Euro Zone
Industrial Production
Aug. 2024: 1.8% m/m
The euro zone’s industrial production rebounded 1.8% m/m in August following a 0.5% decline in July. Canada
Consumer Price Index
Sep. 2024: 1.6% y/y
Consumer prices stood still in September, further slowing the pace of annual inflation. Canada
Wholesale Trade
Aug. 2024: -1.8% m/m
Total wholesale sales fell by 1.8% in August to C$116.6 billion. United States
NY Empire State Manufacturing Survey
Oct. 2024: -11.9
Factory sentiment in New York disappointed in October, with the top-line general business conditions index sliding from 11.5 to -11.9. World
Moody's Analytics Global GDP
2024Q2: 2.8% q/q SAAR
Global GDP growth slowed slightly in the second quarter of 2024, according to the second estimate of Moody’s Analytics. Colombia
Industrial Production
Aug. 2024:
Peru
Unemployment
Sep. 2024: 5.9%
The job market in the Lima metropolitan area, a barometer of employment conditions at the national level in Peru, remains on the mend, though it has lost a bit of momentum in recent months. New Zealand
Consumer Price Index
2024Q3:
South Korea
Employment
Sep. 2024:
Japan
Machinery Orders
Aug. 2024:
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