Economy.com Daily Update: November 10, 2017

Today's Economy

Inflation expectations have increased recently.

Deep in the Andes, a new tech hub is starting to form.

Residential construction keeps on chugging amid strong housing demand.

Stocks follow U.S. and Europe lower.

Commentary

The U.K. and euro zone prepare to release a flood of data.

Colombia's economy starts to gain strength.

Despite the upswing, unfavorable demographics and weak productivity growth are longer-term impediments.

Japan's GDP growth likely hit 0.3% q/q in the third quarter, weaker than the burly 0.6% pace in Q2.

Today's Economic Indicators

France
Industrial Production
Sep. 2017: 0.6%
France's industrial production fell slightly below our expectations but still increased by 0.6% m/m in September, following an upwardly revised 0.2% decline in August and pushing the yearly rate up to a staggering 3.2%, far above the 1% rate for the previous year.

Hong Kong
GDP
2017Q3: 0.5%
Hong Kong's economy grew 0.5% q/q in the third quarter, decelerating from a 1.1% increase in the second quarter.

Italy
Industrial Production
Sep. 2017: -1.3%
Italy’s industrial production reversed previous gains and contracted by 1.3% m/m in September.

Brazil
Consumer Price Index
Oct. 2017: 2.70%
Annual inflation is increasing gradually, although it remains subdued and below target.

United Kingdom
Industrial Production
Sep. 2017: 0.7%
U.K. industrial production surprised on the upside and rose by 0.7% m/m in September, building on a 0.3% rise in August and beating the consensus expectations of 0.3%.

United Kingdom
Foreign Trade
Sep. 2017: -£11.3 bil
The U.K. trade deficit for goods narrowed to £11.3 billion in September, from a downwardly revised £12.4 billion in August, back in line with its previous year average.

India
Industrial Production
Sep. 2017:

Peru
Monetary Policy
Nov. 2017: 3.25%
Peru's central bank extended its rate-cutting campaign in November, lowering the key reference rate by 25 basis points to 3.25%.

Russian Federation
Foreign Trade
Sep. 2017: $10.2 bil
In September, Russia’s trade balance regained most of the value it lost earlier in the year.

Mexico
Industrial Production
Sep. 2017: -1.2%
Mexico’s industry contracted further in September as activity was affected by earthquakes.

United States
University of Michigan Consumer Sentiment Survey
Nov. 2017: 97.8
Consumer sentiment pulled back in November, shedding 2.9 points to 97.8, according to the preliminary University of Michigan Survey.

United States
ECRI Weekly Leading Index
November 03: 145.6
The U.S. economy remains healthy and signs point to continued expansion in the months ahead, although gains will moderate as the expansion matures.