| Today's Economy
Hurricane Florence and the U.S. Economy We address some questions about the economics of the storm. Europe Daily Briefing: U.K. Wages Pick Up, but Employment Slows The labour market may be less tight than the jobless rate suggests, so wages won't rise much further. Asia-Pacific Daily Briefing: What if Monetary Tightening Gets More Aggressive? Central banks in Asia's emerging markets are poised to tighten further, hurting GDP growth. Another Day, Another Drop by the Shanghai Composite Meanwhile, slower growth of residential rents has big implications for core CPI inflation. » VIEW MORE TODAY'S ECONOMY
Commentary
Road to Recession: Boom Phase Under Way The U.S. economy is in good shape and remains in a mid-cycle expansion. U.S. Chartbook: The Fed Gets the Green Light Strong U.S. job growth and firming wage growth support the plan to raise rates this month. U.S. Weekly Highlights and Preview, September 7, 2018 The CPI will be scrutinized even further following the August employment report. Europe Weekly Highlights and Preview, 7 September, 2018 The BoE and the ECB will each hold a monetary policy meeting Thursday; neither will be decisive. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Unemployment
Aug. 2018: 4%
The U.K.'s jobless rate held steady at 4% in the July quarter, its lowest since 1975, matching the consensus. United States
NFIB Small Business Survey
Aug. 2018: 108.8
The NFIB small business optimism index increased from 107.9 in July to 108.8, coming in better than we had anticipated. Canada
Housing Starts
Aug. 2018: 201 ths
The pace of new residential construction ticked down in August. Mexico
Industrial Production
Jul. 2018: 1.3%
Mexico’s industry advanced slowly in July, reporting low growth. Russian Federation
Foreign Trade
Jul. 2018: US$13.4 bil
Russia’s trade surplus retreated seasonally in July. United States
Job Openings and Labor Turnover Survey
Jul. 2018: 4.4% openings rate
Data from the Job Openings and Labor Turnover Survey are consistent with other labor market indicators in showing ongoing strength. United States
Wholesale Trade (MWTR)
Jul. 2018: 0.6%
The inventory build is picking up speed. United States
Moody’s Analytics Policy Uncertainty Index
September 07: 107.5
U.S. economic policy uncertainty remains elevated, but we don’t believe the economic costs are significant. China
Monetary Aggregates
Aug. 2018:
Uruguay
Industrial Production
Jul. 2018: 20.5%
Uruguay’s index of industrial production continues to notch impressive annual gains. South Korea
Employment
Aug. 2018:
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