On November 19, 2024, various economic events took place around the world. Let’s take a closer look at the data and forecasts for the day.
Starting with the Reserve Bank of Australia (RBA) Meeting Minutes at 00:30 GMT, the actual data was not provided in the report, and the forecast remained unchanged.
Next, the Swiss Franc (CHF) Trade Balance for October was reported at 4.25B CHF, lower than the forecast of 4.95B CHF. This indicates a potential imbalance in trade for Switzerland during that period.
Moving on to the Eurozone, the Current Account for September showed a value of 27.0B EUR, falling short of the forecasted 31.5B EUR. This suggests a deficit in the Eurozone’s current account balance for that month.
In terms of inflation, the Eurozone Consumer Price Index (CPI) Year over Year (Y/Y) for October remained steady at 2.00%, in line with the forecast. The Core CPI Y/Y also maintained its rate at 2.70%, as predicted.
Shifting focus to the United States, Building Permits for October were reported at 1.44M, slightly higher than the previous month’s 1.43M. Housing Starts also saw a marginal increase to 1.34M in October compared to 1.35M in the previous period.
In Canada, the Consumer Price Index (CPI) Month over Month (M/M) for October came in at 0.30%, a positive change from the previous month’s -0.40%. The CPI Year over Year (Y/Y) showed an increase to 1.90% from 1.60% in the previous period.
Additionally, the Canadian CPI Median, Trimmed, and Common Year over Year (Y/Y) for October all maintained their rates at 2.20%, 2.40%, and 2.10%, respectively. These figures indicate a stable inflation rate in Canada during that time.
Overall, the data and forecasts for November 19, 2024, provide valuable insights into the economic conditions of various countries. It is essential for policymakers, investors, and analysts to monitor these indicators to make informed decisions and predictions about future trends in the global economy.
