| Today's Economy
Economic Roundup: Set to Strike With a new agreement unlikely, nearly 45,000 dockworkers are set to go on strike Tuesday. Asia's Economy Unwrapped Podcast: Episode 9—Southeast Asia's 360-degree view Currency appreciation, surprise rate cuts, and the upcoming U.S. election keep our team on their toes. Europe Daily Briefing: Spring Growth in the U.K. The final GDP estimate puts the second-quarter increase at a still-impressive 0.5% q/q. Inside Economics Podcast: Episode 183—Best. Economy. Ever. Given the big revisions to U.S. GDP and the steady stream of other stellar economic data, the Inside Economics team makes the case. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Encouraging Data, Wary Consumers Sentiment is muted even with steadily improving economic indicators. U.S. Election Tracker: Little Changed Our model continues to project a slim Harris victory. U.S. Weekly Highlights and Preview, September 27, 2024 Concerns remain that the labor market could crash land instead of soft land, but we continue to expect that job growth will moderate in an orderly fashion as layoffs remain low. The Macroeconomic Fallout of Trump’s Tariff Proposals The Republican presidential candidate has proposed a 10% tariff on nearly all goods imported into the U.S. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global Risk of Recession
Sep. 2024: 30.9%
World recession risks fell to 30.9% with data through July, indicating a low risk of global recession. Denmark
GDP
2024Q2: 1.1% q/q
Danish GDP rose by 1.1% in the second quarter of 2024, driven mainly by manufacturing, especially pharmaceuticals, while transport and business services slowed growth. United Kingdom
GDP - Quarterly
2024Q2: 0.5% q/q
Revised data show that U.K. Thailand
Foreign Trade
Aug. 2024: US$0.3 bil
Thailand’s foreign trade balance has swung to a surplus of $264.9 million in August from a deficit of $1.4 billion in July. Chile
Manufacturing Production
Aug. 2024: 3.41% y/y
Manufacturing production continued to advance in August at a solid pace, indicating the factory recovery is underway after a few hiccups during the year. Chile
Retail & Wholesale Sales
Aug. 2024: 4.6% y/y
Retail and wholesale sales grew again in August, putting some meat on what has been a listless recovery. Chile
Employment
Aug. 2024: 8.9%
Chile's labor market showed slow progress in August amid the weak economic recovery. World
Moody's Analytics Survey of Business Confidence
September 27: 27.3
Global businesses are feeling good. United States
Texas Manufacturing Outlook Survey
Sep. 2024: -9.0
Texas factory activity was little changed in September from the previous month and remains weak. Colombia
Monetary Policy
Sep. 2024: 10.25%
Colombia’s central bank board cut the reference interest rate by 50 basis points at Monday’s regular meeting, thus continuing with the monetary relaxation cycle that started in December 2023. Japan
Employment Situation
Aug. 2024:
Japan
Tankan Survey
2024Q3:
Australia
Retail Sales
Aug. 2024:
South Korea
Foreign Trade
Sep. 2024:
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