| Today's Economy
LatAm Weekly: Recession Stresses Brazil’s Consumer Credit Markets Banks are weathering the downturn. Canada Weekly: Behind in Wages and Hours Weak earnings growth raises concerns around consumer debt service. Upbeat News From the U.K. Weakens Call for Stimulus A rise in services output and an upward revision to Q2 GDP suggest the economy remained resilient. U.S. Consumer Spending Falls Short of Expectations in August Third quarter GDP is now tracking 2.9%. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 30 September, 2016 Data coming for Germany, France and Spain could compound weaknesses already observed. LatAm’s Low Saving Rate Hinders Growth Potential Reforms are needed to boost saving and investment. Macro Roundup: Korea Grows at a Steady Pace Stronger spending and production have supported Korea’s economy in the September quarter. Latin America Economic Preview: 3-7 October Inflation is decelerating, but not in Mexico or Uruguay. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Housing Starts
Aug. 2016: 2.5%
Japan's housing market has made strong gains in 2016. United Kingdom
Nationwide Housing Price Index
Sep. 2016: 5.3%
House prices climbed 5.3% in year-ago terms in September after a 5.6% gain in August, according to the U.K. Germany
Lending by Banks
Aug. 2016: 1.8%
German bank lending to private enterprises rose year on year in August for the ninth consecutive month. Germany
Retail Sales
Aug. 2016: -0.4%
German retail sales fell 0.4% m/m in August after a revised 0.5% increase a month earlier. France
Household Consumption Survey
Aug. 2016: 0.7%
French household consumption added 0.7% month over month in August after a 0.3% drop in July. France
Producer Price Index
Aug. 2016: -2.0%
Low energy costs are driving down wholesale prices across France. The producer price index fell 2% y/y in August, though the rate of decline was slightly less than the previous month's 3% drop, prior to revisions. Thailand
Private Consumption
Aug. 2016: 3.2%
Weak domestic conditions will constrain household spending in Thailand for the rest of 2016. Thailand
Foreign Trade
Aug. 2016: US$2.7 bil
Weak external demand will weigh on Thailand’s exports for the rest of 2016. Italy
Employment Situation
Aug. 2016: 11.4%
Italy's unemployment rate was unchanged at 11.4% in August after falling in the previous month. Germany
Employment Situation
Sep. 2016: 6.1%
Germany’s seasonally adjusted unemployment rate was unchanged at 6.1% in September; joblessness fell to this record low in May. Euro Zone
Preliminary Consumer Price Index
Sep. 2016: 0.4%
Annual harmonized inflation climbed 0.4% in September from a year earlier, after rising 0.2% in the previous month, and is above expectations of a 0.3% increase. Euro Zone
Unemployment
Aug. 2016: 10.1%
The euro zone’s unemployment rate held steady at 10.1% in August from the previous month and was down from 10.7% a year earlier. Brazil
Employment Situation
Aug. 2016: 11.8%
Unemployment continues to move up slowly as the economy contracts. Chile
Employment
Aug. 2016: 6.9%
The national unemployment rate averaged 6.9% in the June-August period, up from 6.5% a year earlier. Chile
Manufacturing Production
Aug. 2016: 2.4%
Chile’s industry rebounded in August after a significant contraction in the previous month. Chile
Retail Sales
Aug. 2016: 0.2%
Chile’s retail sales index posted a 0.2% year-over-year gain in August, following a 4.6% increase in the previous month. Canada
Industrial Product and Raw Materials Price Indexes
Aug. 2016: -0.5%
The Industrial Product Price Index declined 0.5% in August, dragged down by declines in food and energy prices. Canada
Industry Output
Jul. 2016: 0.5%
Real gross domestic product rose by 0.5% in July after rising by a revised 0.6% in June. United States
Personal Income
Aug. 2016: 0.2%
Growth in nominal personal income decelerated to 0.2% in August from an unrevised 0.4% in July, which was in line with our forecast. United States
PCE Deflator
Aug. 2016: 0.1%
The August core personal consumption expenditures deflator somewhat strengthens the case for the Federal Reserve to raise rates before year's end. United States
Personal Spending
Aug. 2016: -0.1%
Consumers took a bit of a break in August as they modestly reduced their spending from July, especially on autos. United States
University of Michigan Consumer Sentiment Survey
Sep. 2016: 91.2
Consumer sentiment climbed in the final September report, according to the University of Michigan. United States
ECRI Weekly Leading Index
September 23: 139.0
Consumer and investment sentiment edged up in the week ending September 23. South Korea
Foreign Trade
Sep. 2016:
Colombia
Monetary Policy
Sep. 2016: 7.75%
At September's policy meeting, Colombia’s central bank board kept the reference interest rate unchanged for the second consecutive month. » VIEW MORE ECONOMIC INDICATORS | 
