| Today's Economy
Economic Roundup: Q4 U.S. GDP Headed in the Right Direction GDP is now tracking at 1.9%; Friday brings the U.S. November employment report. Trade Winds and Fed Grins Help LatAm Currencies Pare Losses Looser monetary policy in the U.S. and tidings of a trade bargain reversed recent declines. Final Thoughts Ahead of November Employment We look for a 163,000 net gain in U.S. nonfarm employment. LatAm Daily Briefing: Rising Poverty Brazil and Venezuela explain much of the increase. » VIEW MORE TODAY'S ECONOMY
Commentary
Canada Outlook: Not Out of the Woods Yet Despite investment’s strong third quarter, consumption will still need to carry GDP growth. Politics in Brief: Europe’s New Leaders on Shaky Footing Under its new president, climate change will be a priority for the EU. U.S. Chartbook: An Economy to Be Thankful For The U.S. economic expansion has remained intact despite numerous headwinds. Macro Roundup: Indonesia’s Difficult Balancing Act Bank Indonesia is navigating weaker demand conditions and the need to maintain external stability. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Oct. 2019: -0.4%
Spain’s industrial production edged down 0.4% in October. Euro Zone
GDP
2019Q3: 0.2%
Final numbers confirmed that euro zone GDP grew 0.2% q/q in the third quarter, the same as in the second. Euro Zone
Retail Sales
Oct. 2019: -0.6%
Euro zone retail sales plunged by a below-consensus 0.6% m/m in October, while even more disappointing was that September’s increase was revised down to show a 0.2% decline. United States
Challenger Report
Nov. 2019: 44,569
Job cuts decreased to 44,569 in November, down 11% from a month prior and 16% from a year earlier. United States
Jobless Claims
November 30: 203,000
The labor market is in fine shape, judging by the claims data. Canada
International Merchandise Trade
Oct. 2019: -C$ 1.08 bil
Canadian exports rose by 0.8% in October and imports increased by 0.5%, mainly because of higher imports of energy products. United States
International Trade (FT900)
Oct. 2019: -$47.2 bil
The U.S. nominal trade deficit narrowed more than expected in October, setting up net exports on trade for fourth-quarter GDP growth. United States
St. Louis Fed Financial Stress Index
November 29: -1.38
Financial market stress declined in the week ended November 29, the third straight weekly decline. Canada
Purchasing Managers' Index
Nov. 2019: 60.0
The seasonally adjusted Ivey Purchasing Managers' Index rose from 48.2 in October to 60 in November. United States
Factory Orders (M3)
Oct. 2019: 0.3%
U.S. manufacturing is showing some tentative signs of improvement, but it's unlikely to improve significantly until the trade tensions ease noticeably. United States
Natural Gas Storage Report
November 29: -19 bil cubic feet
The decline in natural gas inventories closely matched analyst predictions, which will have little effect on prices. Argentina
Industrial Production - Advance
Oct. 2019: -2.3%
Industrial output contracted 2.3% y/y in October (NSA) after falling 5.1% y/y in the previous month. Colombia
Consumer Price Index
Nov. 2019:
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