Today's Economy

Payroll employment rose by 254,000 in September, far exceeding expectations.

A closer look at industry productivity data helps explain Canada's relatively weak growth.

The ILA has reached an agreement with East Coast ports, ending the strike.

Israel vowed retaliation for a missile barrage from Iran.

Commentary

The consumer price index is scheduled for release Thursday, followed by the producer price index on Friday.

A big jump in payrolls and upward revisions to previous months indicate a still-healthy labor market.

We expect the U.K.’s GDP to have increased 0.2% month on month in August, perking up after zero growth in the two prior months.

The annual inflation rate dips in Peru and Uruguay.

Today's Economic Indicators

France
Industrial Production
Aug. 2024: 1.4% m/m
France's industrial production jumped 1.4% month on month in August, surpassing expectations and July’s upwardly revised 0.2% increase.

Spain
Industrial Production
Aug. 2024: -0.1% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s industrial production contracted 0.1% month over month in August.

Italy
Retail Sales
Aug. 2024: -0.5% m/m
Italy’s retail sales disappointed in August, falling by 0.5% month over month versus the forecast of a 0.3% increase.

Mexico
Employment Situation
Aug. 2024: 3.0% Unemployment
Mexico’s unemployment rate inched up in August as jobs were canceled in the public sector as the current administration arrives at the end of its six-year term.

United States
Employment Situation
Sep. 2024: 254,000 m/m
The labor market is not ready to quit just yet.

Canada
Purchasing Managers' Index
Sep. 2024: 53.1
The Ivey Purchasing Managers’ Index popped back up in September to 53.1.

Brazil
Foreign Trade
Sep. 2024: