Today's Economy Economic Roundup: ECB Attempts and Succeeds at the Dovish Taper Asset purchases will be smaller but could last longer. Final Thoughts Ahead of Q3 U.S. GDP We look for growth of 3.4% at an annual rate. ECB Reduces Stimulus, but Manages to Talk Down the Euro Draghi's dovish stance reassured the markets that QE isn't likely to stop abruptly. Economic Briefing: ECB to Clarify Path The ECB prefers the slow and steady approach to normalization; Weak inflation is a catalyst. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Economic Preview: 30 October - 3 November Industry improves in Argentina, Brazil and Chile. Asia-Pacific Weekly Highlights and Preview, 27 October 2017 A suite of Japan’s September activity data will likely show promising signs. Indonesia Outlook: Consumption Is the Stubborn Laggard The central bank has shifted focus to the external risks from recent monetary easing. Anatomy of a NAFTA Deal A more reasonable content rule is key to a new bargain among the U.S., Canada and Mexico. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore Industrial Production Sep. 2017: 14.6% Industrial production grew 14.6% y/y in September after a 19.5% rise in August (after revisions). Spain Unemployment 2017Q3: 16.4% Spain’s unemployment rate shed an impressive 0.8 percentage point to 16.4% in the third quarter, improving from 18.8% at the beginning of the year. Euro Zone Monetary Aggregates Sep. 2017: 5.1% The seasonally adjusted annual growth of the broader monetary aggregate M3 accelerated marginally to 5.1% y/y in September. Italy Consumer and Business Confidence Oct. 2017: 109.1 Italy's economy is headed for a strong second half of the year. Hong Kong Foreign Trade Sep. 2017: -HK$44.7 bil Germany Ifo Business Climate Index Oct. 2017: 116.7 The German Ifo Business Climate Index recovered in October, rising to 116.7 after falling to 115.3 in September, and reaching a new record high. Euro Zone Monetary Policy Oct. 2017: 0.0% The European Central Bank delivered on its promise and announced how it plans to unwind its quantitative easing programme. Canada Earnings, Hours and Employment Aug. 2017: 1.7% Improvement in the Canadian labor market accelerated in August. United States Advance Wholesale and Retail Inventories Sep. 2017: 0.3% Stockpile growth moderated in September but remains on track to add to third quarter output. United States International Trade in Goods - Advanced Sep. 2017: -$64.1 bil Trade was less supportive for growth at the end of the third quarter. United States Jobless Claims October 21: 233,000 Despite recent volatility in initial claims for unemployment insurance benefits, the labor market is in good health, and layoffs remain low. Mexico Trade Balance Sep. 2017: -US$1,886.4 mil The trade account remains in negative territory despite the advance of exports. United States St. Louis Fed Financial Stress Index October 20: -1.57 Financial stress conditions decreased slightly to -1.57 for the week ended October 20. United States Pending Home Sales Sep. 2017: 106 The pending home sales index was unchanged from the previous month’s values in September on a seasonally adjusted basis. United States Natural Gas Storage Report October 20: 64 bil cubic feet The increase in natural gas inventories was in line with what industry analysts were expecting and will have little effect on natural gas prices. United States Kansas City Fed Manufacturing Survey Oct. 2017: 23 Midwest manufacturing revved up in October. South Korea Consumer Sentiment Index Oct. 2017: Japan Consumer Price Index Sep. 2017: Singapore Employment 2017Q3: » VIEW MORE ECONOMIC INDICATORS |