September Employment Preview

We expect payrolls to rise 48k in September, a noticeable improvement from the August pace that reflects both a decline in policy uncertainty and an improvement in the economic outlook. This would bring the three-month average of payroll gains to 50k, from 29k previously as the dismal contraction – which coincided with peak policy uncertainty - from June moves further in the rearview mirror. The three-month moving average for payroll gains have steadily declined this year, falling from 232k in January. This is reflective of the slowdown in population growth from less immigration and has pushe...

Euro area: September inflation review Flash estimate

According to Eurostat's Flash estimate, the Euro area annual headline inflation stabilized at 2. 23 % in September, up from 2.04% in August. Core inflation, which excludes energy and food, alcohol and tobacco prices, held at 2. 35 %, versus 2.27% in the previous month. Flash estimates by components showed: The contribution of Services to annual headline inflation in creasing to 1.4 7 pp (1.41pp in August). The contribution of Food, Alcohol and Tobacco going down to 0. 59 pp (0.62pp in August). The contribution of the Energy inflation at -0. 03 pp (-0.18pp in August). Non-Energy Indust...

次世代のEUプログラムの中核部分が復興・強靭化ファシリティだが、その潜在力は失われてしまうのか