| Today's Economy
Economic Roundup: Implications of GOP Tax Plans Show Up in the Data Prospects for a tax overhaul are raising small-business optimism, but maybe too much so. EU Insists on Fair and Open Trade The bloc thinks the U.S. tax overhaul could hurt export prospects. Euro Zone Production Gained Modestly in October Survey indicators suggest that the area's industrial sector is firing on all cylinders. Southern California Wildfires Extract a Modest Economic Toll—So Far Blazes raging in Southern California look significantly less costly than October's fires. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Outlook 2018: On Solid Footing Economic growth will ease from this year’s strongest expansion in a decade. Global Outlook: On Guard for Missteps Strong trade and supportive fiscal policies will benefit growth, but political risks mount. Latin America Outlook 2018: The Recovery Strengthens The region will experience a second year of growth after two years of recession. U.S. Weekly Highlights and Preview, December 8, 2017 All eyes on the Fed. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada
RPS House Price Index
Nov. 2017: 8.5%
United Kingdom
Consumer Price Index
Nov. 2017: 3.1%
The U.K. inflation rate climbed to 3.1% in November, from 3% in October, a touch below our expectations but above the consensus of no change. Germany
ZEW Indicator of Economic Sentiment
Dec. 2017: 17.4
Investor confidence in Germany retreated during the last month of the year, falling to 17.4 from 18.7 in November. United States
NFIB Small Business Survey
Nov. 2017: 107.5
The increasing odds of U.S. tax legislation being passed likely boosted small business confidence in November. India
Consumer Price Index
Nov. 2017: 4.9%
United States
Producer Price Index
Nov. 2017: 0.4%
Producer prices rose a touch more than either we or the consensus expected, but inflationary pressures are not building rapidly. Mexico
Industrial Production
Oct. 2017: -1.1%
The national industry remained weak in October, despite some normalization after September’s earthquake. Russian Federation
Foreign Trade
Oct. 2017: US$9.8 bil
Russia’s October trade balance softened slightly from a strong September, falling $390 million to $9.8 billion. United States
Moody’s Analytics Policy Uncertainty Index
December 08: 89.4
Policy uncertainty remains elevated, a feature of this expansion. China
Monetary Aggregates
Nov. 2017:
Argentina
Consumer Price Index
Nov. 2017: 22.3%
The statistics office’s consumer price index for the Buenos Aires metro area increased 1.2% in November, after 1.3% in the previous month and 1.6% a year earlier. Uruguay
Industrial Production
Oct. 2017: -13.8%
Uruguay’s industrial production extended its protracted decline. United States
Treasury Budget
Nov. 2017: -$138.5 bil
The federal government has incurred a cumulative budget deficit of $201.8 billion so far in fiscal 2018, compared with $182.5 billion over the same time last year. South Korea
Employment
Nov. 2017:
Japan
Machinery Orders
Oct. 2017:
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