Today's Economy Economic Briefing: China's Exports Fall Shy of Expectations Trump has stepped up pressure on China to cut ties with Pyongyang during his Asia tour. Economic Roundup: Sturdy U.S. Labor Market Stays on Track At the end of September, employers had 6.1 million posted openings. Euro Zone Retail Sales Soar Past Expectations The story is much bleaker in the U.K. South Korea Marks a Strong Start to Q4 Buoyant consumption is expected thanks to the government's pro-jobs agenda. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Consumer Outlook: Saving Will Keep Falling Wealth effects, high confidence, modest income growth, and demographics will drive the trend. Macro Roundup: Australia's Weaker Inflation Outlook Updated weights used to calculate the CPI suggest a softer path for headline inflation through 2018. The Economics of Populism in Europe The centrist-liberal status quo is now challenged by forces that are visibly tilted to the right. U.S. Energy Consumption Falls for 2016 Demand growth remained modest, failing to offset the effect of lower prices. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Foreign Trade Sep. 2017: € 4.7 bil France’s trade deficit increased to €4.7 billion in September in line with our expectation. Spain Industrial Production Sep. 2017: 0.1% Spain’s industrial production added 0.1% over the month in September, failing to meet our expectation of a stronger rebound. Thailand Monetary Policy Nov. 2017: 1.5% The Bank of Thailand left its key policy interest rate unchanged at 1.5% at its November policy meeting. Chile Consumer Price Index Oct. 2017: 1.88% As expected, Chile’s inflation started to rebound, although it still remains below the 3% target. United States MBA Mortgage Applications Survey November 03: 0.0% Mortgage applications held steady last week, even as most interest rates declined. Canada Housing Starts Oct. 2017: 223 ths Residential construction maintained its brisk pace in October. Canada Building Permits Sep. 2017: 3.8% The Canadian housing market bounced back in September. United States Tech Pulse Oct. 2017: 84.9 The U.S. tech sector continues to impress. United States Business Employment Dynamics 2017Q1: 7.3 mil Data on gross flows for the first quarter confirm steady gains in the labor market. United States Oil Inventories November 03: 457.1 mil barrels A surprise increase in crude oil inventories will put downward pressure on prices. China Foreign Trade Oct. 2017: New Zealand Monetary Policy Nov. 2017: 1.75% The Reserve Bank of New Zealand kept the Official Cash Rate at 1.75% in November. Japan Machinery Orders Sep. 2017: Australia Housing Finance Sep. 2017: China Consumer Price Index Oct. 2017: China Producer Price Index Oct. 2017: Malaysia Industrial Production Sep. 2017: » VIEW MORE ECONOMIC INDICATORS |