| Today's Economy
Economic Roundup: That Sinking Feeling Is Q4 U.S. GDP New data lowered our tracking estimate of growth in the current quarter from 1.2% to 0.6%. Europe Daily Briefing: Euro Zone Inflation Likely Reached Its Low for 2019 Base effects in oil prices will start pushing it up soon, but the ECB should remain dovish throughout 2020. Geopolitical Risk Calendar: Beijing and Athens Meet Xi Jinping was in Greece for talks with that country's president and prime minister. Ouch! Q4 GDP Now Tracking 0.6% U.S. retail sales, industrial production and business inventories were not kind to GDP. » VIEW MORE TODAY'S ECONOMY
Commentary
Macro Roundup: More Clouds to Clear in Germany Preliminary estimates allayed fears of a technical recession, but we aren’t in the clear yet. Europe Weekly Highlights and Preview, 15 November, 2019 The upcoming week is quiet on data, but a highlight will be Germany's third-quarter GDP. Latin America Weekly Highlights and Preview, November 15, 2019 Chile's GDP growth likely accelerated in the latest quarter. Asia-Pacific Weekly Highlights and Preview, 15 November, 2019 Japan's core CPI growth likely jumped in October thanks to the tax hike. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global GDP
2019Q2:
Hong Kong
GDP
2019Q3:
Euro Zone
Consumer Price Index
Oct. 2019: 0.7%
Final numbers confirmed that euro zone inflation eased to 0.7% y/y in October from 0.8% in September, in line with the consensus. Euro Zone
External Trade
Sep. 2019: €18.7 bil
The euro zone’s external trade surplus grew to €18.7 billion in September from €12.6 billion in September 2018. Italy
Consumer Price Index
Oct. 2019: 0.2%
Italy's EU-harmonized inflation held steady at 0.2% y/y in October, in line with preliminary estimates. Peru
Unemployment
Oct. 2019: 6.4%
The job market in the Lima metropolitan area advanced gingerly in the three months ended in October. India
Foreign Trade
Oct. 2019: -US$11 bil
India's foreign trade deficit widened marginally to US$11 billion in October from $10.9 billion in September. Colombia
GDP
2019Q3: 3.3%
The Colombian economy continued to expand at a steady pace in the third quarter, supported by stable macroeconomic conditions and solid domestic demand growth. United States
NY Empire State Manufacturing Survey
Nov. 2019: 2.9
Factories in New York are sustaining the same positive, but cautious, posture that they have for the entire second half of 2019. United States
Retail Sales
Oct. 2019: 0.3%
Retail sales bounced back only modestly in October after falling in September. United States
Import and Export Prices
Oct. 2019: -0.5%
U.S. import prices fell more than we and the consensus expected in October, declining 0.5%. Canada
International Transactions in Securities
Sep. 2019: C$4.8 bil
Foreign investors scooped up Canadian corporate bonds in September. Canada
New Motor Vehicle Sales
Sep. 2019: -5.1%
New-vehicle sales were down in September, coming in at 169,967 units on an unadjusted basis. United States
Industrial Production
Oct. 2019: -0.8%
Manufacturing is struggling but not as much as October industrial production suggests. United States
Business Inventories (MTIS)
Sep. 2019: 0.0%
Stockpiles are no longer rising, and while this may lead to a temporary drag on output growth, an inventory correction is long overdue. » VIEW MORE ECONOMIC INDICATORS | 