| Today's Economy
LatAm Daily Briefing: Argentine Peso Falls on Black Market The move follows the government's decision to levy a 30% tax on nonessential dollar transactions. Europe Daily Briefing: BoE Meeting as Boring as They Come The bank revised down its nowcast for fourth-quarter growth to 0.1% from 0.2% previously. Asia-Pacific Daily Briefing: Aussie Labour Market Not All Rosy The trend unemployment rate was 5.2% in November, but underlying conditions have mostly cooled. LatAm Daily Briefing: Peru Marches to a Slower Beat What was once the region’s strongest major economy has little room for improvement before the end of this year. » VIEW MORE TODAY'S ECONOMY
Commentary
Tariffs Tracker: One Step Closer to a Trade Deal It is premature to say we are at the beginning of the end of the trade wars. U.S. Chartbook: Tune Out the Noise, Signal Is Strong Calendar quirks distorted data on retail sales and initial jobless claims. U.S. Macro Outlook: Two Economies How Americans perceive the economy’s performance and prospects varies significantly according to whether they are Republican or Democrat. U.S. Weekly Highlights and Preview: December 16, 2019 Overall, the data should take on a slightly better tone. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Monetary Policy
Dec. 2019: 5%
Bank Indonesia expectedly kept the seven-day repo rate at 5% in December. Japan
Monetary Policy
Dec. 2019: ¥80 tril.
The Bank of Japan left its monetary policy unchanged at the December meeting. United Kingdom
Retail Sales
Nov. 2019: 1.0%
U.K. retail sales disappointed and gained only 1% y/y in November, down sharply from a 3.1% rise in October and the weakest reading since April 2018. United Kingdom
Monetary Policy and Minutes
Dec. 2019: 0.75%
As expected, the Bank of England voted to leave interest rates unchanged at 0.75% in December. United States
Financial Obligations Ratio
2019Q3: 15.03%
Household financial burdens are low and very modestly declining. United States
Philadelphia Fed Survey
Dec. 2019: 0.3
The Philadelphia Fed’s survey on manufacturing indicates that business activity was flat in December. Canada
ADP Canada National Employment Report
Nov. 2019: 30,887
Employment in Canada increased by 30,900 jobs from October to November, according to the ADP Canada National Employment Report. Canada
Earnings, Hours and Employment
Oct. 2019: 3.3%
Average weekly earnings turned flat in October, while total payrolls edged higher. Canada
Wholesale Trade
Oct. 2019: -1.1%
Wholesale sales in Canada fell by 1.1% to C$64.2 billion in October. United States
Current Account
2019Q3: -$124.1 bil
The current account deficit narrowed less than expected in the third quarter, falling to $124.1 billion from a revised $125.2 billion. United States
Jobless Claims
December 14: 234,000
Initial claims remain elevated because of a calendar quirk. United States
Existing-Home Sales
Nov. 2019: 5.35 mil
Existing-home sales slipped 1.7% in November amid a continuing decline in listings but still increased 2.7% year over year. United States
St. Louis Fed Financial Stress Index
December 13: -1.35
Financial market stress decreased in the week ended December 13. United States
Conference Board Leading Indicators
Nov. 2019: 0.0%
Leading economic indicators point to further softening in the U.S. economy. United States
Natural Gas Storage Report
December 13: -107 bil cubic feet
The decline in natural gas inventories beat analyst expectations, which will put some upward pressure on gas prices. Mexico
Monetary Policy
Dec. 2019: 7.25%
The Bank of Mexico continued to ease monetary conditions at a gradual pace as risks remain on the horizon. Japan
Consumer Price Index
Nov. 2019:
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