| Today's Economy
Economic Roundup: Encouraging News on the Euro Zone Economy Third quarter GDP and October CPI buy the ECB time. Venezuela in Need of Foreign Financial Assistance Foreign currency reserves are at their lowest level in 20 years. Euro Zone Records Moderate Growth in Q3 Preliminary GDP estimates showed that the currency area expanded at the same rate as in the previous stanza, at 0.3% q/q. Economic Briefing: Japan’s Consumption Remains Downbeat Korean woes continue with weak industrial production. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Healthcare Expenditures a Mixed Bag Health insurance continues to drive the rise in spending. U.S. Chartbook: Growth Accelerates, Stamina Questionable Top-line GDP performance disguised an unfavorable mix; consumer spending and confidence moderated. U.S. Weekly Highlights and Preview, October 28, 2016 New data on employment and inflation will strengthen the case for a December rate hike. Macro Roundup: September Improvement in Japan Trends remained weak, and BoJ easing was still insufficient. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Housing Starts
Sep. 2016: 10.0%
Japan's housing market is riding a smooth tailwind on the back of low interest rates. Housing starts expanded 10% y/y in September, after a 2.5% rise in August. Thailand
Private Consumption
Sep. 2016: 2.5%
Domestic uncertainty will weigh on Thai consumption for the rest of 2016. Thailand
Foreign Trade
Sep. 2016: US$3.7 bil
Improvements in external demand will bolster Thailand’s trade surplus in the coming months. Germany
Retail Sales
Sep. 2016: -1.4%
German retail sales fell 1.4% m/m in September after a revised 0.3% decrease a month earlier. Spain
Business Confidence
Oct. 2016: -1
Spain’s business confidence index improved by 2 points to -1 in October, in line with our expectations. Spain
Retail Sales
Sep. 2016: 3.6%
Spain's retail trade, not seasonally adjusted, expanded by 3.6% y/y in September, down from a 4.9% rise in August. Euro Zone
Provisional GDP
2016Q3: 0.3%
The euro zone's real GDP expanded by 0.3% in the third quarter, matching the rate of second quarter expansion. Euro Zone
Preliminary Consumer Price Index
Oct. 2016: 0.5%
The euro zone annual harmonized inflation accelerated to 0.5% in October from 0.4% in the previous month. Russian Federation
House Prices
2016Q3: -0.2%
Average house prices declined in Russia by 0.2% from the second to the third quarter. United Kingdom
BoE Lending to Individuals
Sep. 2016: £4.7 bil
Total net lending to individuals climbed in September by £4.7 billion, the same amount as in August and broadly in line with the previous six-month average. United States
Black Knight Home Price Index
Aug. 2016: 5.3%
House prices are advancing at a moderate and stable pace, according to the Black Knight House Price Index. United States
Personal Income
Sep. 2016: 0.3%
Growth in nominal personal income picked up slightly to 0.3% in September from an unrevised 0.2% in August, which underperformed our forecast for a 0.5% gain. United States
PCE Deflator
Sep. 2016: 0.2%
Barring an unforeseen setback, the inflation data support the case for the Federal Reserve to raise interest rates in December. United States
Personal Spending
Sep. 2016: 0.3%
Consumer spending picked back up in September after consumers took a bit of a break in August. Canada
Industrial Product and Raw Materials Price Indexes
Sep. 2016: 0.4%
The Industrial Product Price Index rose 0.4% in September, led by higher prices for energy and petroleum products. Colombia
Monetary Policy
Oct. 2016: 7.75%
Colombia’s central bank board decided to keep the reference interest rate unchanged for the third consecutive month at October’s policy meeting. World
Moody's Analytics Survey of Business Confidence
October 28: 30.4
Global business confidence improved at the end of October, to the high end of the range that has prevailed for much of the year. United States
Texas Manufacturing Outlook Survey
Oct. 2016: -1.5
T South Korea
Foreign Trade
Oct. 2016:
United States
Agricultural Prices
Sep. 2016: -3.9%
September agricultural prices fell 3.9% from August and are down 10% from a year earlier, as unfavorable macroeconomic conditions have suppressed prices received by farmers. Argentina
Industrial Production - Advance
Sep. 2016: -7.3%
According to Argentina’s statistics office, industrial output contracted 7.3% y/y in September (NSA), after a 5.7% drop in August. South Korea
Consumer Price Index
Oct. 2016:
Australia
Monetary Policy
Oct. 2016:
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