Economy.com: Daily Update
| Wednesday, September 25, 2024 |
| Today's Economy
Economic Roundup: U.S. Homebuyers Continue to Rely on the New-Home Market Despite volatility, new-home sales remain above their pre-pandemic average. LatAm Daily Briefing: IMF Applauds Dominican Republic's Robust Economy Two decades of prudent policies have bolstered the island’s growth. Asia-Pacific Daily Briefing: Aussie Inflation on the Right Track The chances of a February rate cut just got better. Economic Roundup: Still Blue A key measure of consumer sentiment surprisingly worsened in September. » VIEW MORE TODAY'S ECONOMY
Commentary
Dock Strike Would Raise Risk of New Supply-Chain Disruptions Nearly 45,000 workers at ports on the U.S. East Coast and Gulf of Mexico would result in regional pain, backlogs of goods, and higher prices. Disinflation Slows Household Spending Growth The Consumer Expenditure Survey shows housing remained by far the largest chunk of consumers' spending in 2023, accounting for almost exactly a third of expenditures. U.S. Credit Outlook: All in Moderation Consumer credit markets will cool with the economy in the next year but start to pick up again when interest rates are sufficiently low. A Late Flurry of Stimulus for China's Economy On the back of new supports, the country will unveil an ambitious growth target for 2025. » VIEW MORE COMMENTARY
Today's Economic Indicators
Sweden
Monetary Policy
Sep. 2024: 3.25%
Sweden’s Riksbank cut its main policy rate 25 basis points to 3.25% at its September 25 meeting. Taiwan (China)
Industrial Production
Aug. 2024: 13.4% y/y
Taiwan's industrial production jumped 13.4% in August from a year earlier as manufacturing output climbed 14.1%. France
Job Seekers
Aug. 2024: 2.80 mil
In August, the number of job seekers in France fell by 12,700 to 2.8 million, a second consecutive decline to the lowest level since April. United States
MBA Mortgage Applications Survey
September 20: 11.0%
Mortgage activity is ramping up. United States
New-Home Sales
Aug. 2024: 716,000 SAAR
The number of new homes sold declined in August, according to the Census Bureau. United States
Oil Inventories
September 20: 413.0 mil barrels
Oil inventories had a draw of 4.5 million barrels in the week ended September 20, a much larger draw than the 800,000 barrels the consensus expected. Argentina
Economic Activity Indicator
Jul. 2024: -1.3% y/y
The statistics office’s monthly economic activity index, IMAE, fell 1.3% year on year in July after falling 4% in the previous month. Argentina
Retail Sales Index
Jul. 2024: 186.7% y/y
The index that tracks nominal sales at shopping centers across the country’s main urban centers increased 186.7% year on year in July. » VIEW MORE ECONOMIC INDICATORS |
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