| Today's Economy
Geopolitical Risk Calendar: EU-Russian Tensions Rise A possible pipeline sabotage and proposed sanctions strain relationship. Canada Weekly: The Loonie, the Sterling and the Buck Foreign exchange markets are in disarray but some currencies are faring better than others. Euro Zone Inflation Now in Double Digits The surge, not likely to peak until October or November, was driven this month by energy prices. Europe Daily Briefing: Euro Zone Inflation Spikes Preliminary estimates report euro zone inflation at 10% on a year-ago basis. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, September 30, 2022 Retail spending rises strongly in Argentina but falls significantly in Chile. Europe Weekly Highlights and Preview, 30 September, 2022 Dismal sentiments will complicate retail sales in the euro zone. An Anticipated Slowdown in Tightening Next week, the RBA and RBNZ will serve monetary tightening with a side of dovish sentiment. The Pandemic and the Unbanked Survey results due soon should shed light on how U.S. household banking habits and access to financial services may have changed during COVID-19. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Retail Sales
Aug. 2022: -4.2% y/y
In August, the volume of retail sales dropped 4.2% on a year-ago basis. Japan
Consumer Confidence
Sep. 2022: 30.8
Japan’s consumer confidence index ticked down to 30.8 in September from 32.5 in August. United Kingdom
GDP - Quarterly
2022Q2: 0.2% q/q
There were massive revisions to the U.K.’s GDP numbers. France
Household Consumption Survey
Aug. 2022: 0.0% m/m
Household goods consumption was stable in August, following a downwardly revised 0.9% decline in July. Denmark
GDP
2022Q2: 0.9% q/q
Danish revised second-quarter GDP growth measured 0.9% q/q, compared to a 0.5% decline in the first quarter of 2022. Denmark
Unemployment rate
Aug. 2022: 2.7%
The Danish unemployment rate was unchanged month to month from July to August at 2.7%. Spain
Retail Sales
Aug. 2022: 0.2% m/m
Spain's retail sales slightly recovered and grew 0.2% month on month in August. Switzerland
Retail Sales
Aug. 2022: 3.0% y/y
Switzerland’s retail sales rebounded by 1.3% m/m in August after zero growth in July. Thailand
Foreign Trade
Aug. 2022: -US$1 bil
Imported inflation weighed on Thailand’s trade situation in August. Germany
Unemployment
Sep. 2022: 5.5%
The German unemployment rate was 5.5% in September, unchanged from August. Italy
Unemployment
Aug. 2022: 7.8%
Italy’s jobless rate fell further to 7.8% in August, as month-on-month unemployment dropped by 31,000—2 percentage points below pre-pandemic values. Hong Kong SAR (China)
Retail Sales
Aug. 2022: -0.1% y/y
August retail sales values in Hong Kong surprised on the downside by reversing back into a marginal decline of 0.1% year-over-year growth to HKD28.6 billion; our expectations were for a 3.5% year-on-year growth. Euro Zone
Preliminary Consumer Price Index
Sep. 2022: 10.0% y/y
Preliminary estimates of the euro zone’s harmonized index of consumer prices surprised to the upside, tracking a jump in the inflation rate to 10% year over year this September from 9.1% in August. Euro Zone
Unemployment
Aug. 2022: 6.6%
The euro zone’s unemployment rate was 6.6% in August, same as in July. Portugal
Retail Sales
Aug. 2022: 5.4% y/y
In August, Portuguese retail sales increased again. Chile
Manufacturing Production
Aug. 2022: -3.99% y/y
Chile’s manufacturing production weakened in August as the economy slowed down. Chile
Retail & Wholesale Sales
Aug. 2022: -11.9% y/y
Retail sales in Chile fell again in August as still-rising inflation and falling real incomes took a larger toll on spending. Brazil
Employment Situation
Aug. 2022: 8.9%
Brazil’s unemployment rate declined again in August as job creation advanced steadily. United States
Personal Income
Aug. 2022: 0.3% m/m
Personal income in the U.S. grew 0.3% from July to August, in line with expectations. United States
PCE Deflator
Aug. 2022: 0.3% m/m
The Federal Reserve can’t catch a break on inflation, increasing the odds that it will need to tighten even more than previously thought. United States
Real Personal Spending
Aug. 2022: 0.1% m/m
Real consumer spending continues to trend little better than flat, hurt by little growth in real incomes but supported by some moderation in inflation and still-strong job growth. United States
State Personal Income
2022Q2: 5.8%, SAAR
State personal income growth accelerated in the second quarter. United States
University of Michigan Consumer Sentiment Survey
Sep. 2022: 58.6
U.S. consumer sentiment continues to move slowly higher from its historic low hit in June, according to the University of Michigan. United States
Monthly GDP
Aug. 2022: 0.5% m/m
Real GDP is shown to have expanded 0.5% in August, according to the Moody’s Analytics monthly estimate. World
Moody's Analytics Global Risk of Recession
Jul. 2022: 51.8%
Global recession risks continue to climb, driven by weakness in Europe and the U.S. Colombia
Monetary Policy
Sep. 2022: 10.00%
Colombia’s central bank board hiked the reference interest rate by 100 basis points to 10% at Friday’s regular meeting. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
September 28: 91.3
The Moody’s Analytics & CNN Business Back-to-Normal Index inched backward this week from a revised 91.4 last week to 91.3. United States
Agricultural Prices
Aug. 2022: -1.8% m/m
The Agricultural Prices Received Index decreased 1.8% to 131.4 in August. » VIEW MORE ECONOMIC INDICATORS | 
