| Today's Economy
Economic Roundup: A Flurry of Data to End the Week Inflation eases, while income and spending rise. Canada Weekly: The 51st State? Would the free movement of goods and people with the U.S. benefit Canada? Geopolitical Risk Calendar: Shutdown Watch U.S. government funding is in limbo as lawmakers work to finalize a deal in the 11th hour before the Christmas recess. Europe Daily Briefing: Consumer Unease Consumer confidence readings worsened in Italy and the Netherlands; spending was sluggish in the U.K. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, December 20, 2024 The Conference Board will release December consumer confidence data on Monday, and we expect that the headline sentiment index improved slightly. Latin America Weekly Highlights and Preview, December 20, 2024 As inflation eases in Mexico and Chile, their central banks cut rates. Europe Weekly Highlights and Preview, 20 December 2024 U.K. third-quarter GDP growth will likely stand at 0.1% q/q, as per the preliminary estimate.
Asia-Pacific Weekly Highlights and Preview, 20 December 2024 South Korea will publish several indicators through the holiday season. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark
GDP
2024Q3: 0.9% q/q
Denmark’s final GDP measure came in at 0.9% quarter-on-quarter growth in the third quarter of 2024, boosted mainly by the pharmaceutical industry. United Kingdom
Retail Sales
Nov. 2024: 0.2% m/m
The volume of U.K. retail sales rose 0.2% month on month in November after a 0.7% fall in October. Hong Kong SAR (China)
Consumer Price Index
Nov. 2024: 1.4% y/y
Hong Kong's headline composite consumer price index rose 1.4% year over year in November, unchanged from October's reading. Russian Federation
Monetary Policy
Dec. 2024: 21%
At its December meeting, the Central Bank of Russia kept its benchmark interest rate at 21%, surprising markets that expected a 200-basis point rate hike to 23%. United States
Personal Income
Nov. 2024: 0.3% m/m
Nominal personal income rose just 0.3% in November, which is below our forecast for a stronger gain. United States
PCE Deflator
Nov. 2024: 0.1% m/m
Headline and core personal consumption expenditure inflation rose slightly in November, as expected. United States
Real Personal Spending
Nov. 2024: 0.3% m/m
Real consumer spending growth improved in November and remains on a healthy trend. Canada
Retail Trade
Oct. 2024: 0.6% m/m
Retail sales increased 0.6% in October, reaching C$67.6 billion. United States
State Personal Income
2024Q3: 3.2%, SAAR
State personal income rose at an annualized rate of 3.2% in the third quarter after growing by a downwardly revised 3.8% in the second quarter of 2024. United States
Regional and State Employment
Nov. 2024:
After a downbeat reading in October due to the temporary effects of natural disasters and the Boeing strike, the regional and state employment report bounced back in November. United States
University of Michigan Consumer Sentiment Survey
Dec. 2024: 74.0
The University of Michigan consumer sentiment index posted its fifth straight gain in December, though all the gains have been small. Colombia
Monetary Policy
Dec. 2024: 9.50%
Colombia’s central bank board cut the reference interest rate by 25 basis points at the last meeting of 2024, thus continuing the monetary relaxation cycle that started in December 2023. Argentina
Economic Activity Indicator
Oct. 2024: -0.7% y/y
The statistics office’s monthly economic output index (a proxy for GDP) fell 0.7% year on year in October after falling 2.5% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 
