Today's Economy Economic Roundup: You Can't Stop the Beat The U.S. economy notched another quarter of impressive growth as real GDP rose 2.8%. LatAm Daily Briefing: Uruguay's Presidential Election a Battle of Moderates The winner will likely continue the outgoing president’s economic agenda. Europe Daily Briefing: Third-Quarter Strength Euro zone GDP growth beat estimates; Germany clocked an expansion. Asia-Pacific Daily Briefing: Headline Inflation Tumbles in Australia The central bank will want to see more progress on core inflation before cutting interest rates. » VIEW MORE TODAY'S ECONOMY
Commentary U.K. Budget: Tax Hikes and Borrowing Fuel Spending Surge The new government's bold fiscal plans have already prompted a rise in bond yields. Euro Zone Growth Defies Grim Predictions GDP increased at the fastest pace in more than two years despite the pessimism of market commentators. U.S. Treasury Signals Little Change to Auction Sizes to Start Fiscal 2025 The Treasury Department keeps new debt issuance steady amid softening demand. Dutch Housing Market Report 2024Q3 The Netherlands market continues to gain momentum as rising real disposable income and improving sentiment drive demand. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand Industrial Production Sep. 2024: -3.5% y/y Thai industrial production tumbled 3.5% year on year in September, proving our forecast for a 0.4% expansion to be too optimistic. France GDP 2024Q3: 0.4% q/q France’s economy grew 0.4% quarter over quarter in the third quarter, accelerating from a downwardly revised 0.2% advance in the second quarter. Euro Zone Preliminary GDP 2024Q3: 0.4% q/q Euro zone GDP grew by 0.4% q/q during the third quarter, accelerating from a 0.2% gain in the second quarter and beating both the consensus and our forecasts. Germany GDP 2024Q3: 0.2% q/q According to the preliminary estimate, Germany’s GDP rebounded by 0.2% quarter over quarter in the third quarter, following a downwardly revised contraction of 0.3% in the previous quarter. Spain GDP 2024Q3: 0.8% q/q In Spain, the preliminary estimate of GDP growth in the third quarter beat expectations. Germany Unemployment Oct. 2024: 6.1% Germany's unemployment rate rose to 6.1% in October, unchanged from the upwardly revised reading for September. Euro Zone Business and Consumer Sentiment Oct. 2024: 95.6 The euro zone’s economic sentiment indicator fell to 95.6 in October from 96.3 in September, in line with our expectations. Belgium Consumer Price Index Oct. 2024: 3.2% y/y In October, Belgium’s CPI inflation rate increased to 3.2% y/y from 3.1% in September. United States MBA Mortgage Applications Survey October 25: -0.1% U.S. mortgage activity inched down in the week ended October 25. Chile Manufacturing Production Sep. 2024: -1.1% y/y Chile’s manufacturing production disappointed again in September, contracting after a two-month recovery. Chile Retail & Wholesale Sales Sep. 2024: 3.2% y/y Retail sales in Chile rose for the second consecutive month in September but could not offset the sharp decline in July, making for a small contraction once accounting for the whole third quarter. United States GDP 2024Q3: 2.8%, q/q, SAAR U.S. economic growth remained strong in the third quarter, coming in at 2.8%, according to the Bureau of Economic Analysis’ preliminary estimate. Chile Employment Sep. 2024: 8.7% The Chilean economy continued to add jobs at a measured pace in the third quarter. United States Business Employment Dynamics 2024Q1: 7.6 mil According to a hard count from the Bureau of Labor Statistics, gross job gains totaled 7.6 million in the first quarter following a 7.9 million gross job gain in the final quarter of 2023. United States Pending Home Sales Sep. 2024: 7.4% m/m The National Association of Realtors' pending home sales index accelerated in September, gaining 7.4% from the month prior and 2.6% on a year-ago basis. United States Oil Inventories October 25: 425.5 mil barrels Oil inventories had a small draw of 500,000 barrels in the week ended October 25, defying consensus expectations of a 1-million barrel build. South Korea Industrial Production Sep. 2024: South Korea Retail Sales Sep. 2024: Japan Industrial Production Sep. 2024: Australia Retail Sales Sep. 2024: China Manufacturing PMI Oct. 2024: Japan Monetary Policy Oct. 2024: » VIEW MORE ECONOMIC INDICATORS |