| Today's Economy
LatAm Daily Briefing: Peru Marches to a Slower Beat What was once the region’s strongest major economy has little room for improvement before the end of this year. Economic Roundup: Federal Subsidies Prop Up U.S. Farm Incomes Third-quarter income growth shone in the Plains region as federal farm subsidies kicked in. High-Yield Rating Changes Say High-Yield Bond Spread Is Too Thin If it doesn't widen, the high-yield downgrade-per-upgrade ratio would drop under 1.20:1. Europe Daily Briefing: The BoE Won't Act on November's CPI The Conservatives' victory and a withdrawal agreement should boost growth in the first half of 2020. » VIEW MORE TODAY'S ECONOMY
Commentary
Tariffs Tracker: One Step Closer to a Trade Deal It is premature to say we are at the beginning of the end of the trade wars. U.S. Chartbook: Tune Out the Noise, Signal Is Strong Calendar quirks distorted data on retail sales and initial jobless claims. U.S. Macro Outlook: Two Economies How Americans perceive the economy’s performance and prospects varies significantly according to whether they are Republican or Democrat. U.S. Weekly Highlights and Preview: December 16, 2019 Overall, the data should take on a slightly better tone. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global GDP
2019Q3:
United Kingdom
Consumer Price Index
Nov. 2019: 1.5%
The U.K.’s CPI inflation held steady at 1.5% y/y in November, above the consensus for a further decline. Euro Zone
Consumer Price Index
Nov. 2019: 1.0%
Final numbers confirmed that euro zone inflation rose to an above-consensus 1% y/y in November from 0.7% in October. United States
MBA Mortgage Applications Survey
December 13: -5.0%
Mortgage applications fell 5% over the week of December 13, with both the refinance index and purchase index moving down. Russian Federation
Unemployment
Nov. 2019: 4.6%
Russia's unemployment rate remained steady at 4.6% in November. Canada
Consumer Price Index
Nov. 2019: 2.2%
The consumer price index broke away from its three-month hold at 1.9% and rose 2.2% in year-over-year terms in November. United States
State Personal Income
2019Q3: 3.8%
State personal income additions slowed in the third quarter following a solid first half of 2019. United States
Oil Inventories
December 13: 446.8 mil barrels
A smaller-than-expected decline in crude oil inventories will apply downward pressure on oil prices. Argentina
Employment Situation
2019Q3: 9.7% Unemployment
According to Indec’s labor market survey, the national unemployment rate averaged 9.7% in the third quarter, compared with 9% a year earlier (figures are not seasonally adjusted). New Zealand
GDP
2019Q3: 0.7%
New Zealand's GDP growth rose 0.7% q/q in the September quarter, on a production basis, from a downwardly-revised 0.1% gain (previously reported as +0.5%) in the June quarter. Australia
Employment Situation
Nov. 2019:
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