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Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, September 21, 2022

Today's Economy


LatAm Daily Briefing: Mixed Expectations Around Uruguay’s Economy

Despite a brisk growth rate, inflation may impede the nation’s continued progress.

Europe Daily Briefing: Natural Gas Prices Pop Again

Natural gas prices and uncertainties lurch higher in the euro zone.

Asia-Pacific Daily Briefing: RBA’s Balance Sheet Blasted

Deputy Governor Bullock discussed the large hole in RBA's pocket.

Economic Roundup: Housing Fluke

The improvement in U.S. starts isn't the new norm.

» VIEW MORE TODAY'S ECONOMY



Commentary


Global Outlook: Global Economy on Edge

Record-high inflation and a more aggressive monetary policy response dampen sentiment.

Economic Fallout From Hurricane Fiona in Puerto Rico

The island’s resiliency, at least in the economic statistics, masks the high human toll of hurricanes.

Euro Zone Risk Matrix: Gas and Energy

With the closure of the Nord Stream I pipeline, the region drifted closer to a ‘no-flow’ scenario.

U.S. Holiday Sales Will Feel Weak

Retail growth will mostly come from outside traditional segments.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Sweden
Unemployment rate
Aug. 2022: 6.9%
Sweden’s unemployment rate fell again this August to 6.9% in seasonally adjusted terms, from 7% in July.

Mexico
Retail & Wholesale Sales
Jul. 2022: 5.0% y/y
Household consumption in Mexico advanced in July despite high inflation and increasing interest rates.

United States
MBA Mortgage Applications Survey
September 16: 3.8%
After six consecutive weekly declines, mortgage application volume rose 3.8% in the week ended September 16.

United States
Existing-Home Sales
Aug. 2022: 4.80 mil, SAAR
Existing-home sales declined 0.4% in August to 4.8 million units annualized, extending the downward trend that began at the start of the year and falling to their lowest level since the pandemic-induced recession in early 2020.

United States
Oil Inventories
September 16: 430.8 mil barrels
A smaller-than-expected increase in crude oil inventories could put some downward pressure on oil prices.

United States
Moody’s Analytics Policy Uncertainty Index
September 16:

United States
Moody's Analytics Inflation Expectations Pulse
September 18: 2.68%
Inflation expectations in the U.S. have stabilized of late.

United States
FOMC Monetary Policy
Sep. 2022: 3% to 3.25%
The Federal Reserve continues to quickly remove monetary policy accommodation as it seeks to tame inflation.

Argentina
Employment Situation
2022Q2: 6.9% Unemployment
According to Indec’s labor market survey, the national urban unemployment rate averaged 6.9% in the second quarter, compared with 9.6% a year earlier (figures are not seasonally adjusted).

Brazil
Monetary Policy
Sep. 2022: 13.7%

New Zealand
Foreign Trade
Aug. 2022:

Japan
Monetary Policy
Sep. 2022:

» VIEW MORE ECONOMIC INDICATORS

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