Economy.com: Daily Update
| Tuesday, October 01, 2024 |
| Today's Economy
Economic Roundup: Strikes and JOLTS A large-scale work stoppage is underway at a number of East Coast ports. LatAm Daily Briefing: Extreme Weather Takes a Toll Climate change adversely affects regional economies. Europe Daily Briefing: Cut Incoming Euro zone inflation dropped below the ECB’s 2% target, and we now expect a rate cut in October. Asia-Pacific Daily Briefing: BoJ's Tankan Survey Captures a Surprising Uptick in Business Sentiment Despite a subdued economic backdrop, fiscal and monetary policy tightening is on the cards. » VIEW MORE TODAY'S ECONOMY
Commentary
Accounting for the Immigration Surge The post-pandemic uptick has largely mitigated tightness in the U.S. labor market. Sri Lanka Turns Leftward for Change Whatever the result of legislative elections, the country looks set for austerity-capped growth in 2025. U.S. Chartbook: Encouraging Data, Wary Consumers Sentiment is muted even with steadily improving economic indicators. U.S. Election Tracker: Little Changed Our model continues to project a slim Harris victory. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Consumer Price Index
Sep. 2024: 1.8% y/y
Indonesian headline inflation fell to 1.8% y/y in September from 2.1% in August. Euro Zone
Preliminary Consumer Price Index
Sep. 2024: 1.8% y/y
According to preliminary estimates, the euro zone’s harmonised index of consumer prices eased to 1.8% y/y in September from 2.2% in August. Chile
Monthly Economic Activity Indicator
Aug. 2024: 2.3% y/y
Economic activity in Chile advanced in August, propelled by the industrial recovery, although growth moderated to rates more consistent with the economy’s capacity. United States
Construction Spending (C30)
Aug. 2024: -0.1% m/m
Construction spending in the U.S. was estimated at a seasonally adjusted annualized rate of $2.132 trillion in August. United States
Job Openings and Labor Turnover Survey
Aug. 2024: 8,040 ths
The August Job Openings and Labor Turnover Survey report continues to show signs of labor market stress. United States
ISM Manufacturing Index
Sep. 2024: 47.2
According to the ISM manufacturing index, activity contracted again in September. United States
Texas Service Sector Outlook Survey
Sep. 2024: 10.1
Texas service sector activity accelerated swiftly in September after tepid growth in the past couple of months. Peru
Consumer Price Index
Sep. 2024: 1.8% y/y
The consumer price index for the Lima metropolitan area, a barometer of price pressures at the national level in Peru, registered a surprise monthly drop in September, bringing the annual inflation rate down to 1.78%. South Korea
Consumer Price Index
Sep. 2024:
» VIEW MORE ECONOMIC INDICATORS |
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