| Today's Economy
Capital Market View: Another Dud Week There was no high-yield issuance while spreads narrowed slightly. LatAm Daily Briefing: More Tightening Needed in Mexico The central bank’s original assumptions about falling inflation require a policy correction. Europe Daily Briefing: Euro Zone Retail Down Again The Netherlands inflation rate was confirmed 14.5% y/y in September. Asia-Pacific Daily Briefing: Aussie Trade Surplus Slips Taiwan's September consumer prices rise marginally. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Inflation Tracker: Tighter and Tighter The Fed’s commitment to wringing demand from the economy is creating ripple effects globally. U.S. Chartbook: Turbulent Times A natural disaster hits, inflation broadens, and financial market conditions tighten. This Week in the Economy Fault lines are forming under the global financial system and economy as the Federal Reserve ratchets up interest rates; policymakers must be careful not to trigger a financial earthquake. Latin America Weekly Highlights and Preview, September 30, 2022 Retail spending rises strongly in Argentina but falls significantly in Chile. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Aug. 2022: 0.4% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s industrial production expanded 0.4% month over month in August. Austria
Retail Sales
Aug. 2022: -2.8% y/y
Similar to July, Austrian retail sales fell in August, posting a 2.8% decline from a year ago. Sweden
Industrial Production
Aug. 2022: -7.0% m/m
Sweden’s industrial production plunged in August by 7% m/m, nearly erasing the equally surprising 7.8% jump in output during the previous month. Taiwan (China)
Consumer Price Index
Sep. 2022: 2.8%
In September, Taiwan's headline consumer price index rose 2.8% y/y, marginally up from the 2.7% increase in August. Netherlands
Consumer Price Index
Sep. 2022: 14.5% y/y
Consumer price inflation accelerated to 14.5% y/y in September, up from 12% y/y in August. Euro Zone
Retail Sales
Aug. 2022: -0.3% m/m
Euro zone retail sales decreased by 0.3% m/m on a seasonally adjusted basis in August after falling 0.4% in July. Belgium
Retail Sales
Aug. 2022: -2.2% y/y
In August, Belgium’s volume of sales excluding fuels decreased by 2.2% year over year following a 4.2% drop in July. United States
Challenger Report
Sep. 2022: 29,989
Job cut announcements from U.S.-based employers spiked in September to 29,989, up 46.4% from the month prior. United States
Jobless Claims
October 01: 219,000
U.S. initial claims for unemployment insurance benefits increased more than anticipated, but Hurricane Fiona is partly to blame. United States
St. Louis Fed Financial Stress Index
September 30: -1.24
Financial stress conditions increased for the second consecutive week, rising to -1.24. Canada
Purchasing Managers' Index
Sep. 2022: 59.5
The Ivey Purchasing Managers' Index dipped slightly to 59.5 in September from 60.9 last month. United States
Natural Gas Storage Report
September 30: 129 bil cubic feet
Last week’s build in natural gas inventories was slightly above analyst predictions, which could push down on prices somewhat. Argentina
Industrial Production - Advance
Aug. 2022: 7.6% y/y
Industrial output in Argentina grew 7.6% year on year in August not seasonally adjusted, after 5.5% in the previous month. Philippines
Industrial Production
Aug. 2022:
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