| Today's Economy
Economic Roundup: U.S. Business Can't Catch a Break on Inflation or Supply Chains PPI popped again while China has shuttered a terminal at the world's third-busiest port. Capital Market View: Rating Upgrades Still Outnumbering Downgrades This is unlikely to change soon because of strong U.S. growth and low interest rates. LatAm Daily Briefing: Brazil’s Consistent Monetary Plan The central bank considers faster monetary normalization for the rest of 2021 to put conditions just above neutrality. Europe Daily Briefing: U.K. Recovery Going Strong The U.K. economy jumped ahead in the second quarter as lockdowns came to an end. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. COVID-19 Tracker Update: A Test for the Economy We continue to observe very little activity in terms of rental assistance payments to states and localities. Trouble Signs Emerge in Hard-Hit Regions The Delta variant may be starting to take a bite out of the southeastern U.S. Global Vaccine Tracker: More Cases, More Jabs Potential economic fallout from surging infections and hospitalizations due to the Delta variant of COVID-19 in the U.S. is a pressing concern. U.S. Road to Recovery: The Labor Market Heats Up Inventory rebuilding should boost GDP growth in the second half, but the risks are weighted to the downside. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada
RPS House Price Index
Jul. 2021: 0.1% y/y
Finland
Retail Sales
Jun. 2021: 1.3% m/m
Finland's seasonally adjusted retail sales, excluding motor vehicles and motorcycles, increased by 1.3% m/m in June, cancelling out the downwardly revised 1.1% decrease in May. United Kingdom
Monthly GDP
Jun. 2021: 1.0% m/m
U.K. Euro Zone
Industrial Production
Jun. 2021: -0.3% m/m
The euro zone’s industrial production slumped by 0.3% m/m in June, deepening May’s 1.1% decrease. United Kingdom
GDP - Quarterly
2021Q2: 4.8% q/q
U.K. second quarter GDP rebounded strongly, growing by 4.8% q/q after contracting by 1.6% q/q in the first quarter. Ireland
Consumer Price Index
Jul. 2021: 2.2% y/y
Ireland's CPI was up 2.2% y/y in July thanks in part to the lower base from a year earlier. India
Consumer Price Index
Jul. 2021: 5.6% y/y
Growth in India’s consumer price index moderated in July as some of the temporary supports faded. India
Industrial Production
Jun. 2021: 13.6% y/y
India's industrial production in June recorded moderate improvement in activity levels over May and growth of 13.6% y/y. United States
Jobless Claims
August 07: 375,000
U.S. initial claims for unemployment insurance benefits declined 12,000 to 375,000 in the week ended August 7, in line with our and consensus expectations. United States
Producer Price Index
Jul. 2021: 1.0% m/m
The U.S. United States
St. Louis Fed Financial Stress Index
August 06: -0.87
Financial stress edged higher last week, with the St. United States
NAR Metro Prices
2021Q2: 22.9% y/y
The national median-sale price of existing single-family homes accelerated during the second quarter, rising 22.9% from a year earlier. World
Moody's Analytics Global CPI
Jul. 2021: 0.7% m/m
Our estimate of worldwide inflation accelerated to 5.7% y/y in July from 5.3% in June. United States
Natural Gas Storage Report
August 06: 49 bil cubic feet
The increase in gas stocks last week closely matched analyst predictions, suggesting that this report should do little to affect gas prices. Colombia
Industrial Production
Jun. 2021: 20.8% y/y
Manufacturing output growth in Colombia rebounded nicely in June, after May’s poor performance. Mexico
Monetary Policy
Aug. 2021: 4.50%
Mexico’s central bank continues to normalize monetary conditions in August as inflation remains high. Argentina
Consumer Price Index
Jul. 2021: 51.8% y/y
Argentina’s statistics office’s national consumer price index increased 3% in July, up from 1.9% a year earlier. » VIEW MORE ECONOMIC INDICATORS | 