| Today's Economy
Economic Roundup: When Strength Becomes a Weakness The U.S. labor market is cooling, but not quickly enough to take pressure off the Federal Reserve. Canada Weekly: What’s Driving Trade? Why are net exports on the decline even though the loonie is depreciating? Geopolitical Risk Calendar: New EU Sanctions for Russia The economic bloc looks to find its energy from other sources. Europe Daily Briefing: German Industry Weakens in August Industrial output weakens because of prices and supply issues. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Jobs Report Cont'd: Fed Wants a Faster Slowdown The 263,000 addition to employment rolls in September marked a modest deceleration from August. Latin America Weekly Highlights and Preview, October 7, 2022 Consumer prices continue climbing in Colombia and Uruguay. Europe Weekly Highlights and Preview, 7 October 2022 Industrial production in the euro zone will likely see a rise. Russia-Ukraine Tracker: Escalation Europe’s largest concern remains the looming energy crisis this winter. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Unemployment rate
Sep. 2022: 2.1%
Switzerland’s unemployment rate came in at 2.1% in September, unchanged from the previous month; between the two months just 529 people were no longer unemployed, either finding employment or leaving the labour force. Denmark
Industrial Production
Aug. 2022: 4.3% m/m
Danish industrial production increased 4.3% from July to August. Germany
Industrial Production
Aug. 2022: -0.8% m/m
In August, German industrial production declined 0.8% month over month, following flat output in July—an upward revision from an initially estimated fall of 0.3%. Germany
Retail Sales
Aug. 2022: -1.3% m/m
German real retail sales fell 1.3% m/m on a seasonally adjusted basis in August, following growth of 0.7% in July—a downward revision from the prior estimate of 1.9%. Norway
Industrial Production
Aug. 2022: 3.1% m/m
Norway’s industrial production increased by 3.1% in August from July. Taiwan (China)
Foreign Trade
Sep. 2022: US$5.02 bil
Taiwan's trade surplus was $5 billion in September, up from $3 billion in August. Italy
Retail Sales
Aug. 2022: -0.4% m/m
Italy’s month-on-month retail sales were down 0.4% in August, as food and nonfood spending fell by 0.5% and 0.4%, respectively. Mexico
Consumer Price Index
Sep. 2022: 8.7% y/y
Mexico’s annual inflation seemed to be stabilizing in September, but core inflation continued to escalate high. Chile
Consumer Price Index
Sep. 2022: 13.73% y/y
Chile’s annual inflation reported incipient signs of receding, although it remains in double digits. Chile
Foreign Trade
Sep. 2022: -US$513.4 mil
Chile's trade deficit narrowed in September, but still-high imports of energy products kept the overall balance in the red. Brazil
Retail Sales Index
Aug. 2022: 1.6% y/y
Retail sales growth jumped into positive territory in August after a significant annual contraction in July, as spending on the electoral process progresses. Canada
Labor Force Survey
Sep. 2022: 5.2%
Canada broke its recent streak of job losses in September, but the drop in unemployment and persistently high wage growth will likely convince the Bank of Canada to push ahead with its aggressive rate hiking plan. United States
Employment Situation
Sep. 2022: 263,000 m/m
The labor market moderated slightly in September. Peru
Monetary Policy
Oct. 2022: 7%
The Central Reserve Bank of Peru delivered a 25-basis point hike in its October policy review, raising rates for the 14th consecutive meeting. United States
Wholesale Trade (MWTR)
Aug. 2022: 1.3% m/m
Sparse warehouses are beginning to be restocked. Russian Federation
Consumer Price Index
Sep. 2022: 13.7% y/y
Expanded supply of domestic and imported food products, moderate consumer sentiment, and the ruble strengthening over previous months contributed to the slowdown in the annual inflation rate to 13.7% y/y in September from 14.3% previously. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
October 05: 90.5
The Moody’s Analytics Back-to-Normal Index slid 0.5 point this week, from a revised 91 to 90.5. United States
California Manufacturing Survey
2022Q4: 59.2
The California Purchasing Managers' Composite Index is creeping forward, indicating expectations for slightly stronger gains in the fourth quarter. United States
Consumer Credit (G19)
Aug. 2022: $32.2 bil
The stock of consumer credit outstanding grew by $32.2 billion in August, exceeding consensus expectations for a $24.5 billion gain. » VIEW MORE ECONOMIC INDICATORS | 
