Today's Economy Economic Roundup: U.S. Q4 GDP Estimate Takes a Hit The October goods deficit and inventories were behind the reduction. Powell Closely Guards His Views on Monetary Policy We believe the Fed chair nominee is a centrist for now. U.S. Consumers Are Feeling Good Odds are the gap between the Conference Board and University of Michigan will remain wide. Goods Deficit, Inventories Cut U.S. Q4 GDP Tracking Estimate Our model lowers fourth quarter GDP growth from 2.7% to 2.6% at an annualized rate. » VIEW MORE TODAY'S ECONOMY
Commentary Russia Outlook: A Modest Recovery Robust consumption and investments in the energy industry drive the turnaround. India Outlook: Reform Bonanza Outweighs Cyclical Slowdown Global investors have a favourable view of the economy. U.S. Chartbook: Hope in Existing-Home Sales October sales were weaker than expected but offer upside in November and December. Asia-Pacific Weekly Highlights and Preview, 24 November, 2017 External demand belies Japan's fragile domestic economy. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain Retail Sales Oct. 2017: -1.1% Spain's retail trade fell 1.1% m/m in October, dashing our expectations of a third consecutive month of gains. Euro Zone Monetary Aggregates Oct. 2017: 5.0% The seasonally adjusted annual growth of the broader monetary aggregate M3 sat at 5% y/y in October. United States Black Knight Home Price Index Sep. 2017: 6.4% House prices rose 6.4% on a year-ago basis in September, according to the Black Knight Home Price Index. United States Moody’s Analytics Policy Uncertainty Index November 24: 85.9 The four-week moving average in our U.S. policy uncertainty index has increased over the past few weeks, which isn’t surprising given the dynamics in Washington DC. Canada Industrial Product and Raw Materials Price Indexes Oct. 2017: 1.0% Industrial product and raw materials prices pushed higher in October. Russian Federation Business Confidence Nov. 2017: -4.0 Russian business confidence weakened by 1 percentage point in November, with manufacturing managers reporting -4% net positive responses, the lowest level since December. United States Advance Wholesale and Retail Inventories Oct. 2017: -0.4% The inventory build took a step back in October. United States International Trade in Goods - Advanced Oct. 2017: -$68.3 bil A significant increase in the advance goods deficit suggests that trade is off to a weak start in the fourth quarter. Mexico Employment Situation Oct. 2017: 3.5% Unemployment Unemployment dropped in October, as the holidays are approaching. United States FHFA Purchase-Only House Price Index Sep. 2017: 6.3% The Federal Housing Finance Agency Purchase-Only house price index rose 6.3% in September on a year-ago basis, slightly slower than the previous month’s increase. United States S&P CoreLogic Case-Shiller® Home Price Indexes Sep. 2017: 6.2% Existing-home price appreciation accelerated again in the three months ended in September compared with the same period in August. United States Richmond Fed Manufacturing Survey Nov. 2017: 30 Manufacturers in the Richmond Federal Reserve District added to their 14-month expansion in November. United States Conference Board Consumer Confidence Nov. 2017: 129.5 Consumer confidence rose again in November, according to the Conference Board's index, gaining 3.3 points and rising to 129.5, its highest level since December 2000. Japan Retail Sales Oct. 2017: » VIEW MORE ECONOMIC INDICATORS |