| Today's Economy
Labor Quality: Record Percent of Small Businesses Report as Major Problem The lack of qualified individuals has slowed the growth of private-sector payrolls. ECB Preview: We Expect Action Thursday A lower policy rate is widely expected from the central bank. Europe Daily Briefing: Boris Johnson Needs to Land a Deal U.K. employment gains will likely cool in the second half of this year. Asia-Pacific Daily Briefing: What Lies Beneath China's Stable CPI Pork prices are lifting the headline, while the subdued core testifies to soft domestic demand. » VIEW MORE TODAY'S ECONOMY
Commentary
Mostly Positives for U.S. Households in 2018 Poverty fell as median household income inched higher, but health coverage shrank. U.S. Consumer Outlook: Holiday Sales Should Outgrow Last Year Risks remain very high. U.S. Chartbook: Talking Ourselves Into Recession Expansions ebb and flow, but fickle sentiment could push the U.S. economy into reverse. Trade War Chicken: The Tariffs and the Damage Done Economic and political pressures have raised the stakes for the U.S. and China with little sign either side will stand down. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Industrial Production
Jul. 2019: 0.3%
France’s industrial production disappointed and rose by only 0.3% m/m in July, after a 2.3% decline in June. Italy
Industrial Production
Jul. 2019: -0.7%
Italian industrial production fell by 0.7% in monthly terms in July, following a 0.2% drop in June and below preliminary estimates. United Kingdom
Unemployment
Jul. 2019: 3.8%
The U.K.’s jobless rate fell to 3.8% in the July quarter after it ticked up to 3.9% in the June stanza, in line with our expectations and the consensus. United States
NFIB Small Business Survey
Aug. 2019: 103.1
With the U.S. economy slowing, measures of business and consumer sentiment take on added importance, because if the collective psyche fractures, the economy could turn into something worse. Canada
Housing Starts
Aug. 2019: 227 ths
Residential construction in Canada took a step forward in August. Canada
Building Permits
Jul. 2019: 3.0%
The value of building permits issued in Canada rose 3% to C$8.3 billion in July. United States
Job Openings and Labor Turnover Survey
Jul. 2019: 4.5% openings rate
The labor market continued to perform well midsummer. United States
Moody’s Analytics Policy Uncertainty Index
September 06: 143.9
The four-week moving average in our U.S. policy uncertainty index continues to increase as it climbed from 143.5 to 143.9 in the week ended September 6. China
Monetary Aggregates
Aug. 2019:
China
Foreign Trade
Aug. 2019: US$34.8 bil
China's foreign trade data confirm the trade war with the U.S. is having significant adverse consequences. South Korea
Employment
Aug. 2019:
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