| Today's Economy
Economic Roundup: U.S. Consumer Not Anxious About Recession Confidence is holding up and not flashing red about a downturn. LatAm Daily Briefing: Colombian Peso Looking for a Bottom High domestic inflation and a weaker global outlook are pounding the currency. Europe Daily Briefing: German Business Confidence Struggles German businesses are still dismayed by the current and future situation in Germany. Asia-Pacific Daily Briefing: A Slew of Mixed Data from China China's data rains down after an unexpected delay. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Europe Will Go Down First While the world economy is still expected to skirt recession, some regions are already entering a downturn. U.S. Consumer Spending Still Distorted There will be a further shift back toward old patterns, but not all the changes that took place because of the pandemic will reverse. Canada Housing Market Outlook: Chill in the Air The combination of increased borrowing costs, elevated inflation, and a softening labour market spells the end for the housing boom. U.S. Chartbook: Changing Behaviors Consumers are backing off housing and goods purchases. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Consumer Price Index
Sep. 2022: 7.5% y/y
Singapore’s headline CPI maintained its pace in September, climbing 7.5% y/y, similar to the previous month. Finland
Unemployment rate
Sep. 2022: 6.7%
Finland’s not seasonally adjusted unemployment rate dropped to 6.7% in September from 7% a year earlier. Hong Kong SAR (China)
Foreign Trade
Sep. 2022: -HK$44.9 bil
Hong Kong posted a trade deficit of HKD44.9 billion in September. Mexico
Economic Activity Index
Aug. 2022: 5.7% y/y
Mexico’s economic activity advanced in August, posting monthly and annual gains. United States
Philadelphia Fed Nonmanufacturing Survey
Oct. 2022: 11
The Philadelphia Federal Reserve’s Nonmanufacturing Business Outlook Survey showed nonmanufacturing activity continued to expand in the Fed’s Third District in October. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Aug. 2022: 13.1% y/y
The U.S. housing market is falling deeper into correction territory as soaring mortgage rates and declining affordability squash housing demand. United States
FHFA Purchase-Only House Price Index
Aug. 2022: 11.9% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index is up 11.9% on a year-ago basis in August. United States
Richmond Fed Manufacturing Survey
Oct. 2022: -10
Manufacturing activity in the Richmond Federal Reserve District weakened in October as local business conditions slid and supply chains failed to improve. United States
Conference Board Consumer Confidence
Oct. 2022: 102.5
U.S. consumer confidence fell more than expected in October, reversing all of its September gain and then some, according to the Conference Board. Argentina
Retail Sales Index
Aug. 2022: 135.5% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 135.5% y/y in August, after 189% in the previous month. Australia
Consumer Price Index
2022Q3:
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