| Today's Economy
CPI Has Markets Tweaking Their Fed Call We're sticking with our forecast for a 50-basis point hike in September. Q3 U.S. GDP Tracking Estimate Edges Higher CPI boosts estimate of real consumer spending while inventories will be a smaller drag. LatAm Daily Briefing: Inflation Climbs Higher in Mexico The central bank’s timid monetary policy actions have allowed inflation to run unchecked. Relief at the Pump Is Here, Grocery Store Relief Is Coming The drop in diesel prices will put downward pressure on food prices over the next few months. » VIEW MORE TODAY'S ECONOMY
Commentary
Translating Regional Inflation Differences to States Expenditure categories and consumption patterns shine a light on divergence across the U.S. Euro Zone Economic Outlook: Strong Headwinds Persistent inflation, tighter monetary policy, and negative financial conditions and sentiment will slow economic growth. APAC Chartbook: Rising Prices and Falling Confidence Households get the heebie-jeebies as prices soar. Cyprus Outlook: Tourism to the Rescue Multiple crises are having tangible effects on visitor arrivals and inflation. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Industrial Production
Jun. 2022: -0.5% m/m
Further normalizing after April's jump, Dutch industrial production contracted 0.5% month over month in June, building on the larger fall in May. Canada
RPS House Price Index
Jul. 2022:
Germany
Consumer Price Index
Jul. 2022: 7.5% y/y
Germany’s year-on-year CPI inflation rate edged lower to 7.5% in July from 7.6% in June. Denmark
Consumer Price Index
Jul. 2022: 8.7% y/y
Danish CPI showed a further acceleration in price growth in July, both in monthly and yearly terms. Finland
Industrial Production
Jun. 2022: 1.3% m/m
Finland’s industrial production expanded by 1.3% month over month after a downwardly revised 0.3% increase in May. Norway
Consumer Price Index
Jul. 2022: 6.8% y/y
The Norwegian CPI increased further in July, by 1.3% m/m. Thailand
Monetary Policy
Aug. 2022: 0.75%
The Bank of Thailand raised its policy rate by 25 basis points to 0.75%, ending 26 months of record-low interest rates. Austria
Industrial Production
Jun. 2022: -2.1% m/m
Total Austrian industrial production bucked the previous five months’ growing trend, registering a 2.1% decline in June. Sweden
Industrial Production
Jun. 2022: 1.8% m/m
Sweden’s industrial production picked up by 1.8% m/m in June after an upwardly revised 0.1% increase in May. Italy
Consumer Price Index
Jul. 2022: 7.9% y/y
Italian consumer price inflation retracted by 10 basis points in July, posting a 7.9% year-over-year rate. Portugal
Consumer Price Index
Jul. 2022: 9.1%
Portugal’s CPI rose to 9.1% year over year in July, up from 8.7% in June. Portugal
Unemployment rate
2022Q2: 5.7%
Portugal’s headline unemployment rate decreased for the second consecutive quarter, reaching 5.7%, down 0.2 percentage point from the previous quarter. United States
MBA Mortgage Applications Survey
August 05: 0.2%
Mortgage application volume ticked up 0.2% in the week ended August 5, marking consecutive weeks of modest increases in mortgage activity. Brazil
Retail Sales Index
Jun. 2022: -0.3% y/y
Household consumption reported another mild contraction in June, despite the acceleration of spending in elections and political campaigns. United States
Consumer Price Index
Jul. 2022: 0.0% m/m
Consumers finally got a little relief on the inflation front in July because of a significant decline in gasoline prices. Belgium
Industrial Production
Jun. 2022: -11.5% y/y
Belgium's industrial production fell 2.2% m/m in June on a seasonally adjusted basis, though the index still stands 4.4% above the pre-pandemic peak. United States
Wholesale Trade (MWTR)
Jun. 2022: 1.8% m/m
Wholesale inventories grew 1.8% in June following an upwardly revised 1.9% expansion in May (previously 1.8%). United States
Oil Inventories
August 05: 432.0 mil barrels
A larger-than-expected rise in crude oil stocks should push down somewhat on prices. United States
Moody's Analytics Inflation Expectations Pulse
August 07: 2.68%
Inflation expectations continue to moderate swiftly. Russian Federation
Consumer Price Index
Jul. 2022: 15.1% y/y
A stronger ruble, the stabilisation of prices for motor fuel, a decrease in fruit and vegetable prices, and the adjustment of the Russian economy to sanctions contributed to the slowdown in the annual inflation rate to 15.1% y/y in July, in line with our forecast, from 15.9% previously. United States
Treasury Budget
Jul. 2022: -$211.1 bil
The end of federal pandemic aid, along with a strong tax-filing season in April, will allow the U.S. Singapore
GDP - Advanced
2022Q2: 4.8% y/y
The Singapore economy ground to a halt in the second quarter, according to advanced estimates. » VIEW MORE ECONOMIC INDICATORS | 
