September 29, 2023

Canada GDP growth 0.01% m-o-m in Jul-23

- Canada's GDP recorded a marginal growth of 0.01% in July 2023, representing a slight recovery from the previous month's decline.
- Despite this positive development, the growth rate falls below both the one-year average and the long-run average by 0.08 and 0.18 percentage points, respectively, highlighting a lackluster economic performance.

September 29, 2023

Chile unemployment rate 9.0% in Aug-23

- The unemployment rate in Chile reached 9.0% in August 2023, the highest level since June 2021.
- The current unemployment rate is 0.62 percentage points above the one-year average and 1.50 percentage points above the long-run average, indicating ongoing challenges in the labor market.

September 29, 2023

Brazil unemployment rate 7.8% in Aug-23

- Brazil's unemployment rate in August 2023 reached its lowest level since February 2015 at 7.8%, indicating a positive trend in the labor market and potential economic revival.
- The current unemployment rate is 0.48 percentage points below the one-year average and 2.59 percentage points below the long-run average, highlighting a stronger labor market compared to historical trends.

September 29, 2023

Italy HICP inflation 5.71% y-o-y in Sep-23

- Italy's HICP inflation experienced a substantial increase of 5.71% in September 2023, marking the highest growth since July 2023 and reflecting a slight acceleration from the previous month's rate of 5.54%.
- The current inflation rate surpasses both the one-year average by 3.20 percentage points and the long-run average by 3.05 percentage points, indicating a noteworthy deviation from the norm and highlighting the need for careful examination of the underlying economic factors.