| Today's Economy
Economic Roundup: Some Hope for U.S. Factories The Empire State Manufacturing Survey provided a positive starting point for September factory data. Europe Daily Briefing: Euro Zone Trade Surplus Falls In monthly terms, nominal exports gained 0.8%, but this was unable to keep up with a 1.6% rebound in imports. Asia-Pacific Daily Briefing: More Disappointment From China Industrial production, fixed-asset investment, and retail sales data undershot market expectations. Economic Roundup: Consumers Still Feeling the Blues The University of Michigan consumer sentiment index increased in September but remained weak. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Will Lower Rates Usher Stronger Growth in 2025? Slowdowns in the U.S. and China will prevent any substantial pickup in the world economy. U.S. Household Debt Tracker: Have Delinquencies Peaked? Year-over-year growth in delinquent balances continued to decelerate in August but remains high for a period of economic expansion. U.S. Weekly Highlights and Preview: September 13, 2024 It has been more than a year since the Fed changed its policy rate, but with recent labor market and price data showing cooling on both fronts, it is time for the central bank to begin easing. U.S. Road to Recession: Watching and Waiting The labor market will continue to cool, and monthly job gains will continue to moderate. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Consumer Price Index
Aug. 2024: 1.1% y/y
In August, Italy's headline consumer price inflation ticked down to 1.1% year over year, confirming ISTAT’s preliminary estimate. Euro Zone
External Trade
Jul. 2024: €21.2 bil
The euro zone’s nominal trade balance in goods recorded €21.2 billion in July, up from €6.7 billion in the same month a year earlier. Canada
Survey of Manufacturing
Jul. 2024: 1.4% m/m
Manufacturing sales bounced back in July, rising 1.4% to $71 billion after falling 1.7% in the prior month. Canada
New Motor Vehicle Sales
Jul. 2024: 14.3% y/y
After slipping 9% in June following four consecutive monthly increases, new-vehicle sales rebounded in July, rising 1.61% with 168,791 units sold. United States
NY Empire State Manufacturing Survey
Sep. 2024: 11.5
The September Empire State Manufacturing Survey suggests a long-awaited breakthrough for New York's factories. United States
Moody's Analytics Used Vehicle Price Indexes
Aug. 2024: -6.0%
In August, the Moody’s Analytics Used Vehicle Price Market Index recorded a 6% decline compared with the previous year. World
Moody's Analytics Survey of Business Confidence
September 13: 26.9
Global business sentiment is as strong as it has been since the economy was recovering from the pandemic shutdowns. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Aug. 2024: 36.1 weeks, NSA
New-vehicle affordability received a boost in August. Colombia
Industrial Production
Jul. 2024: 2.0% y/y
In July, manufacturing output saw a recovery, bolstered by strong performances in the steel, detergent, and certain food processing sectors. Singapore
Foreign Trade
Aug. 2024:
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