| Today's Economy
Economic Roundup: More to Come The week’s main highlights are still ahead, including the Fed’s direction for monetary policy. LatAm Daily Briefing: Peru's Central Bank Presses Pause Policymakers see no need to adjust rates as inflation sits comfortably within the target range. Inside Economics Podcast: Episode 194—Inflation, Tariffs, Spreads…Hike? There is a possibility that the Federal Reserve raises Interest rates next year. European Services and Manufacturing PMI Divergence Continues The December flash PMI readings provide a mixed message. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, December 13, 2024 Retail sales jumped 0.4% in October, and we expect that the same robust pace continued in November. Japan Risk Matrix: Uncharted Waters Geopolitical tensions and the possibility of supply-chain disruptions are key concerns. Latin America Weekly Highlights and Preview, December 13, 2024 Argentina’s CPI rises; Chile sees a huge trade surplus. Europe Weekly Highlights and Preview, 13 December 2024 As inflation is likely to tick higher in the U.K., the Bank of England's monetary policy committee is unlikely to ease rates. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Consumer Price Index
Nov. 2024: 1.3% y/y
In November, Italy's headline consumer price inflation rose to 1.3% year over year from 0.9% previously, slightly below our forecast of 1.5%. Canada
Housing Starts
Nov. 2024: 262 ths
Canada's housing market showed signs of strength in November. Canada
New Motor Vehicle Sales
Oct. 2024: 7.6% y/y
After a slight decline in August, and a more robust increase in September, new-vehicle sales slipped 1.8% in October to 163,577 units sold. United States
NY Empire State Manufacturing Survey
Dec. 2024: 0.2
Manufacturers held any gains from November but did little more in the December Empire State Manufacturing Survey. Colombia
Industrial Production
Oct. 2024: 1.1% y/y
Manufacturing output expanded 1.1% year on year in October, following a 4.1% fall in September. World
Moody's Analytics Survey of Business Confidence
December 13: 29.0
Global business sentiment is ending 2024 on a high note. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Nov. 2024: 37.9 weeks, NSA
In November, new-vehicle affordability saw a slight improvement. Peru
Unemployment
Nov. 2024: 5.7%
The jobless rate in the Lima metropolitan remained near historic lows in November, the cherry on top of what was an all-around stellar jobs report. Argentina
GDP
2024Q3: -2.1% y/y
Argentina's economy contracted 2.1% year on year in the third quarter, the sixth consecutive quarter of yearly contraction. Singapore
Foreign Trade
Nov. 2024:
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