| Today's Economy
Hurricanes Likely Had a Small Impact on U.S. Housing Starts Prospects for single-family construction are improving while multifamily will likely remain in a rut. NAFTA Talks Show More Disagreement Than Agreement The probability of a breakup of the trade pact increases as talks advance. Wage, Core CPI Data Tie the BoE’s Hands Underlying price pressures are still nonexistent in the U.K. economy. Economic Briefing: Searching for Clues as China's Congress Kicks Off The anti-graft push to eliminate "the virus inside the party" will persist, as will property curbs. » VIEW MORE TODAY'S ECONOMY
Commentary
Stress-Testing States We need to look back and make sure we've adequately learned the lessons of the Great Recession. Spain Outlook: Leaving Behind Its Personal Best The economy will grow 3% this year, but some of the stimulus will wear off in 2018. U.S. Regional Outlook: Shifting South Labor markets are tightening and energy-producing areas are rebounding. Australia Outlook: Conditions Ripen for Stronger Incomes Labour market tightening should bring improved income growth; the strong aussie is a downside risk. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Bankruptcy Filings
2017Q3: -2.2%
The decline in personal bankruptcy filings resumed in the third quarter, although the end is still likely near as credit usage increases. United Kingdom
Unemployment
Sep. 2017: 4.3%
The U.K. unemployment rate remained steady at 4.3% in the August quarter, its lowest since 1975. United States
MBA Mortgage Applications Survey
October 13: 3.6%
Mortgage applications rose last week for the first time in several weeks. United States
New Residential Construction (C20)
Sep. 2017: 1.127 mil
Residential construction continued to slide in September, with housing starts falling by 4.7% from August, though they are still 6.1% above their September 2016 level. Canada
Survey of Manufacturing
Aug. 2017: 1.6%
Canadian manufacturing sales rebounded in August after two weak months. Russian Federation
Retail Sales
Sep. 2017: 3.1%
The recovery in Russian retail sales picked up in September. Russian Federation
Unemployment
Sep. 2017: 5.0%
Not seasonally adjusted Russian unemployment crept up 0.1 percentage point in September, hitting 5%. United States
Median usual weekly earnings
2017Q3: 3.9%
Median usual weekly earnings for full-time wage and salary workers were up 3.9% on a year-ago basis in the third quarter, a touch weaker than the 4.2% growth in each of the prior two quarters. United States
Oil Inventories
October 13: 456.5 mil barrels
A larger than expected drop in crude oil inventories will put upward pressure on oil prices. United States
Beige Book
Sep. 2017:
The Federal Reserve’s Beige Book, covering economic activity in September through early October, suggests that economic activity expanded in all 12 districts at modest or moderate paces. Japan
Foreign Trade
Sep. 2017:
Australia
Employment Situation
Sep. 2017:
South Korea
Monetary Policy
Oct. 2017:
China
Fixed Asset Investment
Sep. 2017:
China
GDP
2017Q3:
China
Industrial Production
Sep. 2017:
China
Retail Sales
Sep. 2017:
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