Today's Economy Q3 GDP Tracking for Europe Has Begun We anticipate a dire third quarter for the euro zone and the U.K. More Evidence the Bank of England Won't Cut This Year Wage data remain too strong to warrant a rate cut. Europe Daily Briefing: Is Germany's Economy Free-Falling? Odds that Germany will enter a technical recession in the third quarter have soared. Asia-Pacific Daily Briefing: Anxiety Plagues China’s Credit Data Total social financing cooled in July, while China's 10-year bond yield hit a 3-year low. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: In the Shadow of the Trade War The escalating trade war is currently the biggest risk to the U.S. economy. Mexico Outlook: Deep Deceleration The economy is facing a pronounced slowdown given the imposition of fiscal austerity measures. U.S. Weekly Highlights and Preview, August 9, 2019 We are keeping an eye on consumer sentiment. Europe Weekly Highlights and Preview, 9 August, 2019 We wouldn't be surprised by a second quarter GDP contraction in Germany. » VIEW MORE COMMENTARY
Today's Economic Indicators
World Moody's Analytics Global CPI Jul. 2019: 0.5% Growth in global consumer prices accelerated in July but the trend in developed economies remains soft. Canada RPS House Price Index Jul. 2019: 0.5% House prices rose 0.3% in July across the 13 largest Canadian markets, causing year-ago price growth to rise to 0.5% from 0.4% in June. Germany Consumer Price Index Jul. 2019: 1.7% Final numbers confirmed that Germany’s headline inflation climbed to 1.7% y/y in July from 1.6% in June. Spain Consumer Price Index Jul. 2019: 0.5% Spain’s consumer price index increased 0.5% in July on a year-ago basis. United Kingdom Unemployment Jul. 2019: 3.9% The U.K.’s jobless rate rose to 3.9% in the June quarter from 3.8% in the March stanza, worse than the consensus for a steady reading. United States NFIB Small Business Survey Jul. 2019: 104.7 With the U.S. economy slowing, measures of business and consumer sentiment take on added importance, because if the collective psyche fractures the economy could turn into something worse. India Consumer Price Index Jul. 2019: 3.15% India’s CPI growth slipped in July to 3.15% y/y from 3.18% in June. United States Consumer Price Index Jul. 2019: 0.3% The recent pickup in U.S. inflation won’t deter the Federal Reserve from cutting interest rates in September, as the downside risks to the outlook from trade have become more threatening. United States MBA Delinquency Rates 2019Q2: 4.53% Mortgage delinquency rates ticked upward in the second quarter of 2019. United States Moody’s Analytics Policy Uncertainty Index August 09: 140.2 The four-week moving average in our U.S. policy uncertainty index increased from a revised 137.2 to 140.2 in the week ended August 9. South Korea Employment Jul. 2019: Japan Machinery Orders Jun. 2019: China Fixed Asset Investment Jul. 2019: China Industrial Production Jul. 2019: China Retail Sales Jul. 2019: » VIEW MORE ECONOMIC INDICATORS |