| Today's Economy
Economic Roundup: Delta Means No Change? The spread of the Delta variant brought the U.S. Back-to-Normal Index to a standstill. Capital Market View: Behind the Widening in High-Yield Spreads Don't blame stock volatility, blame oil. Geopolitical Risk Calendar: Afghanistan's Global Implications Peru stands at the cusp of a political crisis. Europe Daily Briefing: Delta Variant Weighs on Trade The latest euro zone inflation results, driven by energy, were mixed. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 13 August, 2021 The U.K.'s gradual reopening fueled spring job growth. Asia-Pacific Weekly Highlights and Preview, 13 August, 2021 Japan’s core consumer inflation is expected to have cooled in July. Macro Roundup: China Hasn’t Escaped Delta Supply chain disruptions have increased; there's added downside risk to the country's GDP. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
GDP
2021Q2: 16.1% y/y
Malaysia's second quarter GDP increased by 16.1% y/y, in line with expectations, though inflated due to a low base comparison. Finland
Consumer Price Index
Jul. 2021: 1.9% y/y
Finland’s headline CPI decelerated to 1.9% y/y in July from 2% in June. France
Consumer Price Index
Jul. 2021: 1.2% y/y
French inflation decelerated to 1.2% y/y in July after rising by 1.5% in June. Spain
Consumer Price Index
Jul. 2021: 2.9% y/y
Spain's consumer price index rose by 2.9% in yearly terms in July, after a 2.7% gain in June. Sweden
Consumer Price Index
Jul. 2021: 1.4% y/y
Sweden’s headline inflation rate rose to 1.4% y/y in July from 1.3% in June. Euro Zone
External Trade
Jun. 2021: €18.1 bil
The euro zone’s not seasonally adjusted trade surplus slid to €18.1 billion in June from €19.9 billion a year earlier. United States
Import and Export Prices
Jul. 2021: 0.3% m/m
The U.S. imported less inflation in July, and this will need to continue to take some edge off the domestic inflationary pressures. India
Foreign Trade
Jul. 2021: -US$11.0 bil
India’s merchandise trade deficit rose again last month, to $11 billion from $9.37 billion in June. World
Moody's Analytics Global GDP
2021Q1: 3.3% q/q SAAR
United States
Moody’s Analytics & CNN Business Back-to-Normal Index
August 11: 92.1
The Moody’s Analytics and CNN Business Back-to-Normal Index remains in its Delta variant-induced rut. United States
University of Michigan Consumer Sentiment Survey
Aug. 2021: 70.2
Though the acceleration in inflation is temporary, it appears it is taking a toll on U.S. consumer sentiment along with the jump in COVID-19 cases. Peru
Monetary Policy
Aug. 2021: 0.50%
Citing the steady rise in inflation expectations, the Central Reserve Bank of Peru raised the policy rate to 0.5% in its August meeting. » VIEW MORE ECONOMIC INDICATORS | 
