| Today's Economy
Rates on Hold as Taiwan Exits Slump The central bank paused in its monetary easing cycle, holding rates steady in September. Trade and Inventories Provide Bigger Boost to Q3 U.S. GDP Growth is now tracking 3.2% at an annual rate. Spain Rises in Competitiveness Europe made a strong showing in the World Economic Forum's global ranking. Poland’s Government Approves 2017 Budget Final passage is expected, but the plan risks overshooting the 3% deficit-to-GDP ratio. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Economic Preview: 3-7 October Inflation is decelerating, but not in Mexico or Uruguay. Asia-Pacific Economic Preview: 3-7 October Japan's Tankan survey is set to disappoint. China Outlook: Reduced Risks, for Now The economy is on an upswing. Spain Outlook: Political Stress Will Slow Near-Term Growth The country will remain a star performer in the euro zone. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Retail Sales
Aug. 2016: 4.9%
Spain's retail trade, not seasonally adjusted, expanded by 4.9% y/y in August, up from a 3.4% rise in July. United Kingdom
BoE Lending to Individuals
Aug. 2016: £4.5 bil
Total net lending to individuals climbed by £4.5 billion in August, up from £3.8 billion in July and exceeding our expectations of a slowdown in lending due to worries surrounding the U.K.'s exit vote. Euro Zone
Business and Consumer Sentiment
Sep. 2016: 104.9
The euro zone's economic sentiment indicator rebounded to 104.9 in September after falling to 103.5 in August. Canada
Earnings, Hours and Employment
Jul. 2016: 0.1%
Average weekly earnings of nonfarm payroll employees were $955 in July, down 0.2% from June and up only 0.1% from a year earlier. United States
Advance Wholesale and Retail Inventories
Aug. 2016: -0.1%
Wholesalers appear to be reining in their inventories. United States
International Trade in Goods - Advanced
Aug. 2016: -$58.4 bil
Trade's contribution to GDP may be stronger in the third quarter. United States
Jobless Claims
September 24: 254,000
Though initial claims crept higher in the week ended September 24, they remain low and support our view that the labor market is tightening. United States
GDP
2016Q2: 1.4%
Though GDP growth has accelerated in recent months, data for the second quarter confirm sluggish expansion in the U.S. economy by this measure in the first half of 2016. United States
Pending Home Sales
Aug. 2016: 108.5
The pending home sales index decreased 2.4% on a seasonally adjusted basis to 108.5 in August, down from July’s figure and settling at its lowest level since January. United States
St. Louis Fed Financial Stress Index
September 23: -1.05
The St. United States
Natural Gas Storage Report
September 23: 49 bil cubic feet
Natural gas inventories rose less than analyst expectations, which will put slight upward pressure on natural gas prices. Mexico
Monetary Policy
Sep. 2016: 4.75%
Mexico’s central bank tightened monetary conditions in September in an attempt to ease pressures on the local currency. United States
Agricultural Prices
Aug. 2016: 0.0%
Agricultural prices in August remained constant from July. Argentina
Industrial Production - Advance
Aug. 2016: -5.7%
According to Argentina’s statistics office, industrial output contracted 5.7% y/y in August (NSA), after a 7.9% drop in July. South Korea
Industrial Production
Aug. 2016:
South Korea
Retail Sales
Aug. 2016:
United Kingdom
Consumer Confidence
Sep. 2016:
Japan
Consumer Price Index
Aug. 2016:
Japan
Employment Situation
Aug. 2016:
Japan
Household Expenditures Survey
Aug. 2016:
Japan
Industrial Production
Aug. 2016:
Thailand
Industrial Production
Aug. 2016:
» VIEW MORE ECONOMIC INDICATORS | 
