Today's Economy Argentina’s Construction Sector Leads Recovery Building activity is growing at a double-digit pace. Final Thoughts Ahead of September U.S. Employment We anticipate a 75,000 increase, but the hurricanes add considerable uncertainty. Inventories Set to Boost Current-Quarter U.S. Growth Factory orders and trade raise our tracking estimate of Q3 GDP to 3.2%. Mexico’s Potential Growth Stagnates Insufficient investment continues to be the main drag. » VIEW MORE TODAY'S ECONOMY
Commentary A Cheat-Sheet: How Hurricanes Affect U.S Employment There are a lot of moving parts. No Easy Way Out After the Catalan Referendum Secession presents an economic nightmare for Spain. Global Outlook: What a Synchronous World A widespread economic upswing is gaining momentum, but there are risks on the horizon. The Views of Potential Fed Chair Candidates Ideological influences on the U.S. central bank are inevitable; so are policy mistakes. » VIEW MORE COMMENTARY
Today's Economic Indicators
Chile Monthly Economic Activity Indicator Aug. 2017: 2.4% Chile's economy picked up in August, although at a more moderate pace. United States Challenger Report Sep. 2017: 32,346 The labor market continues to impress despite the length of the current expansion. United States Jobless Claims September 30: 260,000 Hurricanes Harvey, Irma and Maria are causing wild swings in U.S. initial claims for unemployment insurance benefits. Canada International Merchandise Trade Aug. 2017: -C$ 3.41 bil Canada's trade balance remained deep in the red in August. United States International Trade (FT900) Aug. 2017: -$42.4 bil The U.S. trade balance posted its smallest deficit in nearly a year in August. Russian Federation Consumer Price Index Sep. 2017: -0.1% Russian price inflation slowed further in September, yielding a 3% year-over-year rise in the consumer price index, the lowest annual inflation rate on record back to 1991. United States Factory Orders (M3) Aug. 2017: 1.2% Factory orders advanced 1.2% in August, a touch better than the consensus but closer to our forecast. United States St. Louis Fed Financial Stress Index September 29: -1.55 Financial stress conditions were little changed at -1.55 for the week ending September 29. The S&P 500 ended the week at a record high, while volatility fell. United States Natural Gas Storage Report September 29: 42 bil cubic feet The build in natural gas inventories was roughly in line with analyst expectations and will have little effect on prices. Colombia Consumer Price Index Sep. 2017: » VIEW MORE ECONOMIC INDICATORS |