| Today's Economy
Economic Roundup: Just a Breather for U.S. Consumer Spending The weaker than expected gain in real spending in October is not overly worrisome. OPEC Agrees to Cut Supply The cartel will reduce oil production by 1.2 million bpd. Economic Briefing: Production Data Hit Q4 Outlook for Korea Japan’s manufacturing should get a boost from the yen’s decline. Black Friday Lifts U.S. Retail Sales November is closing on a decent note, but December should be stronger still. » VIEW MORE TODAY'S ECONOMY
Commentary
The Trump Economy After near-term gains, the economy under the next president ultimately will be diminished. Australian Home Value Index Forecast Dwelling values nationwide are likely to rise 7.9% this year and 6.6% in 2017. Taiwan Outlook: Emerging From a Slump An upswing in the global tech cycle boosts growth. U.S. Chartbook: Bond Market Adjusts to Trump Long-term rates could move even higher. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Housing Starts
Oct. 2016: 13.7%
Japan's housing market has gained momentum towards year's end. Thailand
Private Consumption
Oct. 2016: 2.1%
Soft income growth and political uncertainty are weighing on household spending in Thailand. Thailand
Foreign Trade
Oct. 2016: US$1.8 bil
Diminished competitiveness compared with regional peers will hurt Thailand’s exporters over the medium term. France
Producer Price Index
Oct. 2016: -0.8%
Annual producer price deflation in France is visibly easing, as producer prices fell only 0.8% y/y in October, following a 1.7% drop in the previous month. Germany
Lending by Banks
Oct. 2016: 2.5%
German bank lending to private enterprises rose year on year in October for the 11th consecutive month. Germany
Retail Sales
Oct. 2016: 2.4%
German retail sales jumped 2.4% m/m in October, reversing the revised 1.5% decrease a month earlier. Spain
Retail Sales
Oct. 2016: 0.7%
Spain's retail trade, not seasonally adjusted, expanded by 0.7% y/y in October, down from a 3.6% rise in September. Germany
Unemployment
Nov. 2016: 6%
Germany’s seasonally adjusted unemployment rate remained at 6% in November for a second consecutive month, after it fell to this record low in October. Spain
Business Confidence
Nov. 2016: 0
Spain’s business confidence index exited negative territory in November, marginally improving to 0 from -1 in the previous month. Euro Zone
Preliminary Consumer Price Index
Nov. 2016: 0.6%
The euro zone annual harmonized inflation accelerated further to 0.6% in November from 0.5% in the previous month. Chile
Employment
Oct. 2016: 6.4%
The national unemployment rate averaged 6.4% in the August-October period, up from 6.3% a year earlier. United States
MBA Mortgage Applications Survey
November 25: -9.4%
Mortgage applications were down last week, as longer-term mortgage rates continued to climb. India
GDP
2016Q3: 7.3%
India's September quarter GDP was largely driven by consumption, as investment continues to disappoint. Brazil
GDP
2016Q3: -2.9%
The economy contracted in the third quarter, although at a more moderate annual rate. United States
ADP National Employment Report
Nov. 2016: 217,000
The uncertainties surrounding the presidential election have not dampened growth. United States
Personal Income
Oct. 2016: 0.6%
Growth in nominal personal income accelerated soundly to 0.6% in October from an upwardly revised 0.4% in September, which beat our forecast for a 0.4% gain. United States
PCE Deflator
Oct. 2016: 0.2%
There were few surprises in the October personal consumption expenditures deflator, making it very likely that the Federal Reserve will follow through with a rate hike in December. United States
Personal Spending
Oct. 2016: 0.1%
Consumers increased their spending only modestly in October although they continue to lead economic growth. Canada
GDP
2016Q3: 3.5%
Canada's recovery is back on track. Canada
Industrial Product and Raw Materials Price Indexes
Oct. 2016: 0.7%
Rising energy prices supported increases in both price indexes. Canada
Industry Output
Sep. 2016: 0.3%
Real gross domestic product growth picked up slightly in September to 0.3%. United States
Pending Home Sales
Oct. 2016: 110
The pending home sales index inched up 0.1% on a seasonally adjusted basis to 110 in October, adding to September’s gain but still settling below the rate of activity in July. United States
Oil Inventories
November 25: 488.1 mil barrels
Crude oil inventories fell while market analysts expected a build, which will put upward pressure on prices. United States
Beige Book
Oct. 2016:
The Federal Reserve’s Beige Book covering October through mid-November suggests that economic activity in general expanded at a slight, modest or moderate pace in nearly every district over the reporting period. Argentina
Industrial Production - Advance
Oct. 2016: -8.0%
According to Argentina’s statistics office, Indec, industrial output contracted 8% y/y in October NSA after a 7.3% drop in September. United States
Agricultural Prices
Oct. 2016: -6.6%
Agricultural prices slipped again in October. Brazil
Monetary Policy
Nov. 2016: 13.75%
Brazil’s central bank continues to ease monetary conditions gradually as inflation declines further. South Korea
Consumer Price Index
Nov. 2016:
South Korea
Foreign Trade
Nov. 2016:
» VIEW MORE ECONOMIC INDICATORS | 
