Economy.com: Daily Update
| Friday, December 27, 2024 |
| Today's Economy
Economic Roundup: Uneventful End to the Week Advance data on international goods trade and wholesale inventories close a quiet week. Europe Daily Briefing: No News Is Good News? It’s a light week for releases, though not a particularly merry one. Asia-Pacific Daily Briefing: Japanese Industrial Production Falls in November Multiple challenges confront Japan's economy. Economic Roundup: End-of-Year Resolution Congress passed a last-minute continuing resolution over the weekend. » VIEW MORE TODAY'S ECONOMY
Commentary
Housing’s Terrible, Horrible, No Good, Very Bad Year High mortgage rates and low affordability led to record-low home sales. A recovery will take time. Global Energy Outlook: Slow Demand Growth Oil prices will remain subdued, with the trend continuing into next year. U.S. Employment Outlook: Risks Rising The unemployment rate forecast is little changed; it will edge slightly lower but remain at or near 4% for the next few years. U.S. Chartbook: Changing Expectations The FOMC cut again in December, but fewer cuts appear to be on the horizon in 2025. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Industrial Production
Nov. 2024: -3.6% y/y
Thai industrial production fell 3.6% year on year in November, underperforming our expectation for 0.5% growth. Spain
Retail Sales
Nov. 2024: -0.6% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s retail sales fell 0.6% in November compared with the previous month, following no change in October. United States
Advance Wholesale and Retail Inventories
Nov. 2024: -0.2% m/m
According to the advance estimate, wholesale inventories fell 0.2% in November following an increase in the prior month. United States
International Trade in Goods - Advanced
Nov. 2024: -$102.9 bil
The U.S. trade deficit in goods widened to $102.9 billion in November, $4.6 billion more than the $98.3 billion deficit in October. Brazil
Employment Situation
Nov. 2024: 6.1%
Brazil’s unemployment rate continued to adjust down in November as the economy kept expanding above its potential. United States
Oil Inventories
December 20: 416.8 mil barrels
Oil inventories fell by 4.2 million barrels in the week ended December 20, far surpassing their 900,000-barrel decline in the prior week. United States
Natural Gas Storage Report
December 20: -93 bil cubic feet
Natural gas in underground storage fell by 93 billion cubic feet last week after falling by 125 bcf in the week before. » VIEW MORE ECONOMIC INDICATORS |
|
| SURVEY OF BUSINESS CONFIDENCE Be A Part Of The Results Help shape the outcome of the Survey of Business Confidence and gain exclusive insight to shifts in global business confidence. » Learn More
|
| Contact Us | Visit us online, email helpeconomy@moodys.com, or use one of the numbers below: Americas
+1.866.275.3266 Europe
+44.20.7772.5454 Asia/Pacific
+852.3551.3077 All Others
+1.610.235.5299 |
|
|
| For information on how Moody's Analytics processes and protects personal data, please see the Privacy Policy available at www.moodys.com. | | You are receiving this email as a subscriber to Economy.com.
If you wish to unsubscribe from the Economic Roundup, please click here. This email was sent by Moody's Analytics
211 South Gulph Road, Suite 125
King of Prussia
United States
|
|
|
|
Moody's monitors email communications through its networks for regulatory compliance purposes and to protect its customers, employees and business and where allowed to do so by applicable law. The information contained in this e-mail message, and any attachment thereto, is confidential and may not be disclosed without our express permission. If you are not the intended recipient or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that you have received this message in error and that any review, dissemination, distribution or copying of this message, or any attachment thereto, in whole or in part, is strictly prohibited. If you have received this message in error, please immediately notify us by telephone, fax or e-mail and delete the message and all of its attachments. Every effort is made to keep our network free from viruses. You should, however, review this e-mail message, as well as any attachment thereto, for viruses. We take no responsibility and have no liability for any computer virus which may be transferred via this e-mail message.
g:4CCB23CA045341B78FC8B41A87995506 d:8A0166BBD88C4DEABAD0F364B72C7D0A
