| Today's Economy
LatAm Daily Briefing: LatAm Currencies Under Pressure A strong U.S. dollar, persistent inflation, and higher global interest rates have shaken regional currencies. Netherlands Budget Plan Addresses Hit to Purchasing Power The Dutch government's proposal outlines support for households, including a price cap on energy. Europe Daily Briefing: French Unemployment Stable in August The number of French job seekers was nearly unchanged in August. Asia-Pacific Daily Briefing: South Korean Consumers Feel Less Pessimistic Consumer sentiment lifted to 91.4 points, but confidence is fragile as headwinds gather. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. B2B Tracker: Fed Tightening Will Constrict Spending Higher borrowing costs mean investments in capacity enhancements like new plants and equipment are pricier. Emerging Market View: Living on a Prayer The forecast calls for a broad-based slowdown. U.S. Employment Outlook: Tempering Expectations Tight labor supply and stubbornly high inflation have left businesses and consumers on edge about the future course of the economy. Euro Zone Inflation Tracker: Higher and Higher Across Europe, spikes in costs of living have prompted government action. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Job Seekers
Aug. 2022: 2.97 mil
The number of job seekers in France held relatively steady at 2.97 million in August, falling by just 1,000 over the month. Mexico
Employment Situation
Aug. 2022: 3.5% Unemployment
Mexico’s unemployment rate reported another mild increase in August as activity continued to moderate. Mexico
Trade Balance
Aug. 2022: -US$5.498 bil
Mexico’s trade balance remained in negative territory in August as imports remained solid. United States
Durable Goods (Advance)
Aug. 2022: -0.2% m/m
U.S. durable-goods orders fell a little less than we anticipated in August and the details were better, potentially helping put a floor under our tracking estimate of third-quarter GDP. United States
FHFA Purchase-Only House Price Index
Jul. 2022: 13.9% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index is up 13.9% on a year-ago basis in July. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Jul. 2022: 16.1% y/y
House price appreciation decelerated in July, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index, adding to June’s deceleration, and detracting from the rapid price gains experienced over the past two years. United States
Richmond Fed Manufacturing Survey
Sep. 2022: 0
Manufacturing activity in the Richmond Federal Reserve District improved in September, rising from -8 in August to 0. United States
New-Home Sales
Aug. 2022: 685,000 SAAR
U.S. new-home sales surprised to the upside in August. United States
Conference Board Consumer Confidence
Sep. 2022: 108
Because of falling gasoline prices and a still sturdy labor market, U.S. consumer confidence improved in September more than either we or the consensus had anticipated. United States
Texas Service Sector Outlook Survey
Sep. 2022: 5.9
Texas service industries decelerated slightly in September but continued to grow. United States
Moody’s Analytics Policy Uncertainty Index
September 23:
Argentina
Retail Sales Index
Jul. 2022: 188.9% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 189% y/y in July after 320% in the previous month. Australia
Retail Sales
Aug. 2022:
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