Today's Economy Economic Roundup: ISM Surveys Likely Cement Rate Cut Sentiment is weighing on manufacturing; fed funds futures put odds of an October cut at 90%. Europe Daily Briefing: Manufacturing Weakness Spills Into Services Except for euro zone retail sales, Thursday's data were awful. Final Thoughts Ahead of September U.S. Employment We look for a 161,000 net gain, a little better than the recent average. A Bad Week for Transatlantic Trade The WTO’s ruling is not part of the U.S. trade wars but could heat tensions. » VIEW MORE TODAY'S ECONOMY
Commentary LatAm Macro Roundup: Darker Days Policy mistakes and global headwinds will weigh on growth this year and next. U.S. Chartbook: Still Standing The U.S. consumer remains vital to the expansion but may be getting weary. U.S. Weekly Highlights and Preview, September 30, 2019 The ISM manufacturing survey should edge higher in September. Vietnam Outlook: Tiptoeing Toward the Winner's Circle Despite risks to the downside, the country will remain one of the world's fastest-growing economies. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone Retail Sales Aug. 2019: 0.3% Euro zone retail sales rose 0.3% m/m in August, partially reversing July’s upwardly revised 0.5% fall. United States Challenger Report Sep. 2019: 41,557 Job cuts fell to 41,557 in September, down 22% from the previous month. Chile Retail & Wholesale Sales Aug. 2019: 3.2% Chile’s retail and wholesale sales index beat expectations in August, growing 3.2%. United States Jobless Claims September 28: 219,000 Initial jobless claims remain very low. United States Factory Orders (M3) Aug. 2019: -0.1% Factory orders fell 0.1% in August after two consecutive monthly increases. United States St. Louis Fed Financial Stress Index September 27: -1.27 Financial market stress increased in the week ended September 27, the second straight weekly increase. United States ISM Nonmanufacturing Index Sep. 2019: 52.6 The U.S. nonmanufacturing sector's expansion remains steady, although the breadth of growth narrowed in September. United States Natural Gas Storage Report September 27: 112 bil cubic feet The increase in natural gas inventories was slightly above analyst expectations, which will have a negative impact on prices. Uruguay Consumer Price Index Sep. 2019: 7.8% Uruguayan inflation stood pat in September, clocking in at 7.8% on an annual basis, unchanged from August’s reading. United States California Manufacturing Survey 2019Q4: 61.7 The fourth-quarter California Purchasing Managers' Composite Index, measuring expectations of overall manufacturing activity, clocked in at 61.7. Argentina Industrial Production - Advance Aug. 2019: -6.4% Argentina's industrial output contracted 6.4% y/y in August, not seasonally adjusted, after a 1.8% y/y drop in the previous month. Australia Retail Sales Aug. 2019: » VIEW MORE ECONOMIC INDICATORS |