| Today's Economy
Economic Roundup: A Bit Brighter for U.S. GDP October data boosted our high-frequency GDP estimate for the fourth quarter. New Data Raise Q4 U.S. High-Frequency GDP Incoming data this week have raised our estimate. Strong U.S. Retail Sales Growth Bypasses Holiday Segments October gains were concentrated in spending segments such as gasoline stations, restaurants, grocery stores and vehicle dealers. U.S. Supply-Chain Stress Index Update A reversal (and then some) from the latest increase in the index is due in the coming months. » VIEW MORE TODAY'S ECONOMY
Commentary
Japan Risk Matrix: Uncomfortable Inflation Slowing global growth adds to lingering domestic weakness. Inflation Hits Consumers Hard U.S. households are raiding the piggy bank to keep spending; it is uncertain how long they can keep that going. Easing of Inflation Varies Across U.S. Regions October’s CPI moderation brought sighs of relief, but they were more muted in the West and Northeast.
The Macroeconomic Cost of Climate Inaction The U.S. economy can be decarbonized at a modest economic cost provided that the transition begins soon and occurs gradually. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
Oct. 2022: 11.1% y/y
In October, CPI inflation reached 11.1% from 10.1% in September. Italy
Consumer Price Index
Oct. 2022: 11.8% y/y
Italian consumer price inflation soared to 11.8% year over year in October, the highest value since March 1984, mainly due to higher electricity prices. Austria
Employment and the Labour Market
Oct. 2022: 6.0%
The Austrian labour market showed little weakness in October, posting an uptick in unemployment to 6% in October after a 5.7% reading in September. United States
MBA Mortgage Applications Survey
November 11: 2.7%
Mortgage activity inched up in the week ended November 11, though this represents temporary respite on what is set to be a continued trend downward. Canada
Housing Starts
Oct. 2022: 267 ths
Unsurprisingly, housing starts in Canada declined substantially in October. Canada
Consumer Price Index
Oct. 2022: 6.9% y/y
Inflation remains stubbornly high. United States
Retail Sales
Oct. 2022: 1.3%, m/m
Retail sales rose strongly in October, with broad-based growth that exceeded expectations. United States
Import and Export Prices
Oct. 2022: -0.2% m/m
U.S. import prices fell 0.2% in October after declining in excess of 1% for three consecutive months. United States
Industrial Production
Oct. 2022: -0.1% m/m
U.S. industrial production fell 0.1% in October, weaker than consensus expectations of a 0.2% increase. United States
Business Inventories (MTIS)
Sep. 2022: 0.4% m/m
Business inventories increased 0.4% from August to September. United States
NAHB Housing Market Index
Nov. 2022: 33
Homebuilder confidence decreased 5 points to 33 in November. United States
Moody's Analytics Inflation Expectations Pulse
November 13: 2.77%
Inflation expectations moved the wrong way in the week ended November 13. United States
Oil Inventories
November 11: 435.4 mil barrels
A larger-than-anticipated decline in crude oil stocks could push up on oil prices. United States
Treasury International Capital Flows
Sep. 2022: $118.0 bil
Net long-term capital flows were positive in September, totaling $118 billion following net inflows of $198.3 billion in August. Japan
Foreign Trade
Oct. 2022:
Australia
Employment Situation
Oct. 2022:
Singapore
Foreign Trade
Oct. 2022:
Malaysia
Foreign Trade
Oct. 2022:
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