| Today's Economy
Economic Roundup: ECB Keeps Cards Close to Chest An extension of the bank's asset purchase programs is coming, but it may have to be creative. Too Little, Too Late for U.S. Existing-Home Sales in Q3 September sales rose, but residential investment is headed for a third quarter decline. ECB Waits for December’s Forecasts The bank didn’t signal any future monetary policy steps at its October meeting. Economic Briefing: China’s Yuan Continues to Slide Slack remains in the Australian labour market. » VIEW MORE TODAY'S ECONOMY
Commentary
Social Capital and the Economy Do our networks of relationships determine income, or vice versa? Asia-Pacific Economic Preview: 24-28 October Japanese inflation unlikely to reach BoJ target any time soon. Latin America Economic Preview: 24-28 October Labor markets deteriorate in South America amid an ongoing economic downturn. India Outlook: Healthy Growth Despite Elusive Investment Sluggish global demand is one cause of weak capital expenditure. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Producer Price Index
Sep. 2016: -1.4%
Producer prices fell 1.4% y/y in September, following a 1.6% drop in the previous month. Euro Zone
Balance of Payments
Aug. 2016: €23.6 bil
The euro zone's current account surplus expanded to €23.6 billion in August, not seasonally adjusted, from €20.8 billion a year earlier. Spain
Foreign Trade
Aug. 2016: -€2.6 bil
Spain’s monthly trade deficit narrowed to €2.6 billion in August from the €3.2 million recorded for the same month last year. United Kingdom
Retail Sales
Sep. 2016: 4.08%
U.K. retail sales fell short of both market and our expectations and rose by 4.1% y/y in September, down from an upwardly revised 6.6% y/y increase in the previous month. Euro Zone
Monetary Policy
Oct. 2016: 0%
The European Central Bank kept all three policy rates and monthly asset purchases unchanged in October. United States
Moody's Analytics Beige Book Index
Sep. 2016: 91.7
The Moody's Analytics Beige Book Index came in with a rating of 91.7 for October's edition of the Federal Reserve report, bouncing back after falling in September. United States
Jobless Claims
October 15: 260,000
We can’t glean too much about the health of the job market from the latest data on initial claims. United States
Philadelphia Fed Survey
Oct. 2016: 9.7
The Philadelphia Fed Manufacturing Business Outlook Survey remained in positive territory in October. Indonesia
Monetary Policy
Oct. 2016: 4.75%
B United States
Median usual weekly earnings
2016Q3: 3.0%
The presence of a noticeable acceleration in wage growth suggests that the U.S. economy is nearing full employment. United States
Existing-Home Sales
Sep. 2016: 5.47 mil
Existing-home sales rebounded strongly in September, coming in above expectations. United States
St. Louis Fed Financial Stress Index
October 14: -1.136
The St. United States
Conference Board Leading Indicators
Sep. 2016: 0.2%
The Conference Board index of leading indicators rose 0.2% in September, reversing August’s decline. United States
Natural Gas Storage Report
October 14: 77 bil cubic feet
Natural gas inventories rose by slightly more than analysts were expecting, which will put downward pressure on natural gas prices. United States
SEMI Book-to-Bill Ratio
Sep. 2016:
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