| Today's Economy
Economic Roundup: Builders Feel a Bit Better Though still below the 50-point threshold, the NAHB housing market index ticked up again in October. Europe Daily Briefing: ECB Cuts Again The European Central Bank cut interest rates for the third time, by 25 basis points to 3.25%. LatAm Daily Briefing: Will Brazil's Economy Overheat? Social programs and public investment have boosted consumption and employment. Asia-Pacific Daily Briefing: Australian Unemployment Rate Holds at 4.1% Labour market set to weaken in coming months. » VIEW MORE TODAY'S ECONOMY
Commentary
U.K. Risk Matrix: Eyes on the Budget The prospect of significant tax hikes has already hit confidence and could weigh on consumption and hiring. Japan Economic Risk Matrix: Policy Pitfalls and Wage Woes A policy error poses the biggest risk to the economy. Canada Risk Matrix: Politics Takes Center Stage Simmering diplomatic tensions threaten to boil over. Italy Outlook: Glimmers of Hope GDP was revised higher, but imbalances remain. » VIEW MORE COMMENTARY
Today's Economic Indicators
India
Foreign Trade
Sep. 2024: -US$20.8 bil
After two straight months of widening, India’s merchandise trade deficit narrowed in September to $20.8 billion from $29.7 billion in August. Austria
Consumer Price Index
Sep. 2024: 1.8% y/y
In September, Austria's CPI inflation fell to 1.8% year over year from 2.3% in August, marking its lowest reading since April 2021. Euro Zone
Consumer Price Index
Sep. 2024: 1.7% y/y
The euro zone’s HICP inflation rate was confirmed at 1.7% y/y in September, down from 2.2% in August. Euro Zone
External Trade
Aug. 2024: €4.6 bil
The euro zone’s external trade surplus in goods came in at €4.6 billion in August in not seasonally adjusted terms, down marginally from €4.8 billion in August 2023. Canada
International Transactions in Securities
Aug. 2024: C$10.0 bil
Nonresident investors added $10 billion in Canadian securities to their portfolios in August, edging down from the previous month. United States
Jobless Claims
October 12: 241,000
U.S. initial claims for unemployment insurance backtracked slightly but remain elevated. Euro Zone
Monetary Policy
Oct. 2024: 3.4%
As widely expected, the European Central Bank cut interest rates again at its October meeting. United States
Philadelphia Fed Survey
Oct. 2024: 10.3
Factory activity perked up in October in the Fed’s Third District. United States
Retail Sales
Sep. 2024: 0.4%, m/m
Retail sales growth accelerated modestly in September. United States
Industrial Production
Sep. 2024: -0.3% m/m
U.S. industrial production took a step backward in September. United States
Business Inventories (MTIS)
Aug. 2024: 0.3% m/m
Business inventories rose 0.3% in August, on par with consensus predictions, after building by 0.3% in July. United States
NAHB Housing Market Index
Oct. 2024: 43
Homebuilder confidence edged up 2 points to 43 in October, according to the National Association of Home Builders’ Housing Market Index. United States
St. Louis Fed Financial Stress Index
October 11: -0.61
U.S. financial market stress increased slightly to -0.61 in the week ended October 10, according to the St. United States
Median usual weekly earnings
2024Q3: 4.2% y/y
In the third quarter, median usual weekly earnings increased by 4.2% on a year-ago basis while CPI rose by 2.6% from a year earlier in the same period. United States
Natural Gas Storage Report
October 11: 76 bil cubic feet
The rise in natural gas stocks closely matched analyst predictions, so this report will not have much of an effect on pricing. United States
Oil Inventories
October 11: 420.5 mil barrels
Oil inventories had a draw of 2.2 million barrels in the week ended October 11, defying consensus expectations of a 1.9-million barrel build. United States
Treasury Budget
Sep. 2024:
United States
Treasury International Capital Flows
Aug. 2024: $111.4 bil
Net long-term international capital flows rose $111.4 billion in August, compared with net inflows of $137.9 billion in July. Chile
Monetary Policy
Oct. 2024:
Japan
Consumer Price Index
Sep. 2024:
China
Fixed-Asset Investment
Sep. 2024:
China
GDP
2024Q3:
China
Industrial Production
Sep. 2024:
China
Retail Sales
Sep. 2024:
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