| Today's Economy
Canada Weekly: Best (and Worst) of 2023 Looking to see who will outperform and underperform in the year ahead. Economic Roundup: Differences Across the Atlantic GDP data highlight the divergent economic trajectories of the U.S. and the U.K. Europe Daily Briefing: U.K. GDP Falls in Third Quarter The grim reality is that the U.K. economy is already in recession. Asia-Pacific Daily Briefing: Bank Indonesia Hikes Modestly BI raised its key policy rate by 25 basis points to 5.5%, as expected. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. B2B Tracker: Pullback is Underway Businesses are awaiting signs that inflation is moderating. Euro Zone Inflation Tracker: Pressures Decrease The ease in energy prices has helped bring inflation down a bit. U.S. Federal Outlook: End-of-Year Reflection The summer of 2022 will be remembered for its unusual flurry of fiscal policymaking. Spain Outlook: The Tough Get Going Strength in some sectors of the economy should allow Spain to escape a technical recession during the winter months, while the picture will be darker for neighbouring countries. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
GDP - Quarterly
2022Q3: -0.3% q/q
The revised third-quarter U.K. Norway
Unemployment rate
Nov. 2022: 3.1%
Norway’s seasonally adjusted unemployment rate fell further to 3.1% in November from 3.2% in October. Indonesia
Monetary Policy
Dec. 2022: 5.5%
Bank Indonesia raised its seven-day reverse repo rate by 25 basis points, as we and the market expected. Sweden
Retail Sales
Nov. 2022: 2.2% m/m
Retail sales in Sweden popped up by 2.2% m/m in November, recovering the 2.1% loss in October. United States
Jobless Claims
December 17: 216,000
U.S. initial claims for unemployment insurance are rising again, but the increase was smaller than expected. Canada
Earnings, Hours and Employment
Oct. 2022: 3.4% y/y
Payrolls were flat in October as new employees in public administration and professional services offset smaller, broader losses across most other industries. In total, employment dropped by 5,400 jobs in October, a negligible change on a percentage basis. United States
GDP
2022Q3: 3.2%, q/q, SAAR
U.S. United States
Industry GDP
2022Q3: 3.2 ppt, SAAR
With the third estimate of third-quarter U.S. United States
St. Louis Fed Financial Stress Index
December 16: 0.42
U.S. financial conditions deteriorated last week with the St. United States
Conference Board Leading Indicators
Nov. 2022: -1.0%
Rising interest rates, a slumping housing market, and recessionary fears are weighing heavily on the Conference Board’s Leading Economic Index. United States
Natural Gas Storage Report
December 16: -87 bil cubic feet
Last week’s decline in natural gas stocks roughly matched analyst predictions, so this report should not have much effect on gas prices. United States
Kansas City Fed Manufacturing Survey
Dec. 2022: -9
Goods producers in the Fed's Tenth District have seen activity slow demonstrably in the latter half of 2022. United States
Financial Obligations Ratio
2022Q3: 14.49%
Household financial burdens rose for the sixth consecutive time in the third quarter as growth in debt payments and obligations strengthened while accelerating income growth improved but lagged. Japan
Consumer Price Index
Nov. 2022:
Malaysia
Consumer Price Index
Nov. 2022:
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