| Today's Economy
Economic Roundup: Eyeing 3%+ Q3 U.S. GDP Growth Trade turns into an unexpected support to growth, but details hint at issues for Q4. Colombian Government Sends Tax Reform to Congress The legislation aims to narrow the structural fiscal deficit. Trade Set to Provide a Boost to Q3 GDP U.S. growth for the quarter is now tracking 3.1% at an annual rate. U.S. Gasoline Prices Rally A declining inventory overhang is allowing gas to appreciate. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Regional Outlook: Behind the Slowing Job Growth The worst may be over for a number of manufacturing industries. Mexico’s Twin Deficits The current account deficit is a genuine reflection of the fiscal imbalance. Germany's Banking Sector Under Fire Low interest rates are hurting the profitability of the country’s credit institutions. U.S. Employment Outlook: Labor Market Engine Still Humming Jobs are being generated at a solid pace even in the seventh year of uninterrupted growth. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Industrial Production
Sep. 2016: 6.7%
Stronger electronics demand will bolster Singapore’s manufacturing output into 2017. France
Consumer Confidence
Oct. 2016: 98
The improving labour market, low prices and firming recovery lifted French consumer confidence to 98 in October, up 1 point from the previous month and in line with the Moody's Analytics forecast. Italy
Retail Sales
Aug. 2016: -0.1%
Italy’s retail sales shed 0.1% m/m in August, following a 0.3% drop in the previous month, in line with weaker forward-looking indicators. Germany
Ifo Business Climate Index
Oct. 2016: 110.5
The German Ifo Business Climate Index continued to increase in October following a strong rebound in the previous month. United States
MBA Mortgage Applications Survey
October 21: -4.1%
Mortgage applications fell last week, despite a favorable movement in interest rates. United States
Bankruptcy Filings
2016Q3: -6.2%
Personal bankruptcy filings continue to decline as household finances remain strong. United States
Advance Wholesale and Retail Inventories
Sep. 2016: 0.2%
The inventory build is starting up again. United States
International Trade in Goods - Advanced
Sep. 2016: -$56.1 bil
Third quarter GDP could get an unexpected boost from trade. Russian Federation
Business Confidence
Oct. 2016: -6.0
Business confidence in Russia remained weak in October at -6, performing worse than the -5 reading in September. Mexico
Economic Activity Index
Aug. 2016: 2.9%
Mexico’s economic activity advanced in August, reporting a rebound. The index of economic activity increased 2.9% year over year, after growth of 1.2% in the previous month and of 2.7% a year before. Mexico
Trade Balance
Sep. 2016: -US$1,607.6 mil
M United States
New-Home Sales
Sep. 2016: 593,000
New single-family home sales climbed in September and continue on an upward trajectory. United States
Oil Inventories
October 21: 468.2 mil barrels
Crude oil inventories fell against analyst expectations, which will put upward pressure on oil prices. New Zealand
Foreign Trade
Sep. 2016:
Singapore
Employment
2016Q3:
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