| Today's Economy
Economic Roundup: Fed Goes Farm to Table Fed set to resume expanding its balance sheet, but it's organic growth not QE. Europe Daily Briefing: Some Good News for German Factories Manufacturing rallied, but overall production likely declined over the third quarter. Asia-Pacific Daily Briefing: Australia’s Labour Market Still Looks Weak Forward indicators suggest further softness, keeping pressure on the RBA to cut further. Rejuvenation of Business Sales Is Critical to Stabilizing High-Yield Rating Changes Core business sales slowed from July 2018’s 5.6% to a likely 1.8% for August. » VIEW MORE TODAY'S ECONOMY
Commentary
A U.S. Retail Recession? Despite store closings and weak employment in some sectors, retail is in transition, not recession. Global Outlook: An Uncertain Path Downside risks facing the global economy are high. U.S. Chartbook: Jobs Engine Cooling, Not Sputtering Employment growth is slowing but not enough to lift the unemployment rate. U.S. Weekly Highlights and Preview, October 7, 2019 It's unlikely that inflation data this week will swing the Fed when it considers the next rate cut. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Aug. 2019: 0.9%
Spain’s industrial production rose 0.9% in August. Italy
Retail Sales
Aug. 2019: -0.6%
Italy’s retail sales fell by 0.6% m/m in August, following a downwardly revised 0.6% drop in the previous month. Germany
Industrial Production
Aug. 2019: 0.3%
German industrial production increased by 0.3% in monthly terms in August, offsetting most of the 0.4% fall in July. OECD
Composite Leading Indicators
Aug. 2019: 99.1
The composite leading indicator for the OECD countries halted its downward progression in August, coming in at 99.1 for the third month in a row. United States
NFIB Small Business Survey
Sep. 2019: 101.8
The slowing in the U.S. economy and the recent escalation in the trade tensions between the U.S. and China is hurting small business confidence. Chile
Consumer Price Index
Sep. 2019: 2.1%
Chile's annual inflation reported an unexpected decline in September even though the economy is performing close to potential. Canada
Housing Starts
Sep. 2019: 221 ths
Residential construction in Canada took a step back in September. Canada
Building Permits
Aug. 2019: 6.1%
The future of Canada's construction industry received another boost in August. United States
Producer Price Index
Sep. 2019: -0.3%
Producer prices suggest that inflationary pressures in the U.S. are not developing quickly, which gives the Fed more reason to cut interest rates later this month. United States
Moody’s Analytics Policy Uncertainty Index
October 04: 149.0
The four-week moving average in our U.S. policy uncertainty index continues to increase. New Zealand
Monetary Policy
Oct. 2019:
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