Currently, the global economy is in a period of and . Inflation remains the largest concern in most markets but has recently begun to globally with only
30
countries reporting higher inflation this month than last month.

The Zoomed Out View

Aggregate charts for a better picture of what the entire global economy is experiencing. They change from time to time but we tend to highlight the current buzz from a zoomed out view.

Real GDP Growth

Quarterly real GDP growth year-over-year changes. Total number of countries with Real GDP growth rising minus the number of countries with falling Real GDP Growth. Real GDP Growth equals GDP Growth - Inflation for a more true calculation of how an economy grew.

The most recent reporting period is9-2023. Be aware that countries release their data at different times. It takes 1-2 months for complete data from all countries to be available for the most recently reported period.
The most recent reporting period is9-2023. It takes 1-2 months for complete data from all countries to be available for the most recently reported period.
Latest
Reported17
Higher9
Lower6
Unchanged2

** A positive reading indicates more countries are reporting a higher value than countries that are reporting a lower value. Positive numbers should be read as global expansion of the indicator and negative numbers as global contraction of the indicator.

Upcoming Economic Releases

All of the events below are considered high impact.
CountryEventActualEstimatePrevious
Monday, Nov 18th
🇪🇺European UnionECB Guindos Speech
Tuesday, Nov 19th
🇦🇺AustraliaRBA Meeting Minutes
🇪🇺European UnionCPI (Oct)127.03127.03126.6
🇺🇸United StatesBuilding Permits (Oct)1.4161.431.425
🇨🇦CanadaCPI Median YoY (Oct)2.52.42.3
🇨🇦CanadaCPI Trimmed-Mean YoY (Oct)2.62.42.4
🇨🇦CanadaInflation Rate YoY (Oct)21.91.6
🇯🇵JapanBalance of Trade (Oct)-461.2-360.4-294.1
Wednesday, Nov 20th
Inflation Rate YoY (Oct)2.32.21.7
🇪🇺European UnionECB Guindos Speech
Thursday, Nov 21st
🇺🇸United StatesInitial Jobless Claims (Nov/16)220217
🇺🇸United StatesJobless Claims 4-week Average (Nov/16)222221
🇺🇸United StatesContinuing Jobless Claims (Nov/09)18701873
🇺🇸United StatesExisting Home Sales (Oct)3.933.84
🇺🇸United StatesExisting Home Sales MoM (Oct)0.8-1
🇦🇺AustraliaJudo Bank Manufacturing PMI (Nov)4847.3
🇦🇺AustraliaJudo Bank Services PMI (Nov)51.351
🇯🇵JapanInflation Rate YoY (Oct)2.22.5
Friday, Nov 22nd
Retail Sales ex Fuel YoY (Oct)3.34
Retail Sales MoM (Oct)-0.30.3
Retail Sales YoY (Oct)3.43.9
Retail Sales ex Fuel MoM (Oct)-0.40.3
🇫🇷FranceHCOB Services PMI (Nov)4949.2
🇫🇷FranceHCOB Manufacturing PMI (Nov)44.544.5
🇩🇪GermanyHCOB Manufacturing PMI (Nov)4343
🇩🇪GermanyHCOB Services PMI (Nov)51.651.6
🇪🇺European UnionECB Guindos Speech
🇪🇺European UnionHCOB Services PMI (Nov)51.651.6
🇪🇺European UnionHCOB Manufacturing PMI (Nov)4646
S&P Global Manufacturing PMI (Nov)5049.9
S&P Global Services PMI (Nov)5252
🇨🇦CanadaRetail Sales MoM (Sep)0.40.4
🇨🇦CanadaRetail Sales YoY (Sep)0.91.4
🇨🇦CanadaRetail Sales Ex Autos MoM (Sep)0.5-0.7
🇺🇸United StatesS&P Global Services PMI (Nov)55.255
🇺🇸United StatesS&P Global Manufacturing PMI (Nov)48.848.5
🇺🇸United StatesMichigan Consumer Sentiment (Nov)73.770.5

Don't let the economy surprise you.

Economic releases, key earnings, speeches, weather, and other market moving events for the week ahead are highlighted in our weekly Sunday note.

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