| Today's Economy
Economic Roundup: Global Businesses Anxious at Year's End Concerns surrounding the economic and geopolitical environment continue to mount. Trade and Inventories Brighten Our U.S.GDP Estimate Our tracker is showing growth at 1.3% in the final quarter of 2022. Inside Economics Podcast: Episode 91—Ho-Hum Savings Have low-income households already burned through pandemic savings? Europe Daily Briefing: French joblessness falls further the ECB looks likely to go higher. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: You’re a Mean One, Mr. Housing Market Mortgage rates have more than doubled since the beginning of the year, leaving buyers less willing and able to purchase new and existing homes. U.S. Employment Outlook: It's Not Your Father's Labor Market A descent into recession if the Fed fails to achieve a soft landing is the greatest threat facing the labor market over the next year. U.S. Weekly Highlights and Preview, December 23, 2022 Home sales should rebound but not enough to offset the recent weakness. Europe Weekly Highlights and Preview, 23 December, 2022 Black Friday and pre-Christmas sales likely supported retail and employment in November. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Industrial Production
Nov. 2022: -5.6%
Thailand’s industrial production fell 5.6% in November from a year earlier, exceeding our expectation of a 3% drop. Norway
Retail Sales
Nov. 2022: 0.7% m/m
Norway’s retail sales, excluding motor vehicles and petrol station sales, rose by 0.7% m/m in November, following a 0.1% increase in October. France
Job Seekers
Nov. 2022: 2.81 mil
United States
Advance Wholesale and Retail Inventories
Nov. 2022: 1.0% m/m
Wholesale inventories continue to build steadily, and retail stockpiles also got a boost in November as easing supply-chain disruptions and slowing demand allow for greater accumulation of durable goods inventories. United States
International Trade in Goods - Advanced
Nov. 2022: -$83.3 bil
N United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Oct. 2022: 8.6% y/y
The U.S. housing market is in recession amid high mortgage rates and low housing affordability. United States
FHFA Purchase-Only House Price Index
Oct. 2022: 9.8% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index is up 9.8% on a year-ago basis for October. World
Moody's Analytics Survey of Business Confidence
December 23: 3.3
Global businesses remain anxious as the year comes to an end, much as they have been all year. United States
Monthly GDP
Nov. 2022: 1.4% m/m
The U.S. economy expanded in November, according to the Moody’s Analytics estimate of monthly GDP. United States
Texas Manufacturing Outlook Survey
Dec. 2022: -18.8
Texas factory activity remained weak in December, with some current indicators negative, including new orders, capital spending, company outlook, and general business activity. That said, there were moderate rebounds in production and capacity utilization. Argentina
Retail Sales Index
Oct. 2022: 127.7% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 127.7% y/y in October after 137.1% in the previous month. Japan
Industrial Production
Nov. 2022:
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