Today's Economy Italy Faces a New Government Crisis The country's economy may get rattled, but the euro zone should feel few effects. No Flash of Hope for German GDP Unless the economy ramps up in the second half, full-year growth of 1% seems unlikely. Europe Daily Briefing: Inflation Pressures Are Rising in the U.K. The Bank of England will likely stand pat this year. Asia-Pacific Daily Briefing: China’s Woeful July Industrial production was at a 17-year low, while retail trade and fixed asset also disappointed. » VIEW MORE TODAY'S ECONOMY
Commentary Colombia Outlook: Growth Will Gradually Accelerate Darkening global outlook poses biggest risk. U.S. Regional Outlook: Separating From the Pack Places that rely on exports to China, particularly crops and livestock, are most at risk. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
India Foreign Trade Jul. 2019: -US$13.4 bil The trade deficit narrowed rather dramatically in July and is down to US$13.43 billion. France Consumer Price Index Jul. 2019: 1.3% France's EU-harmonized inflation rate slowed to 1.3% y/y in July after hitting 1.4% in June. United Kingdom Consumer Price Index Jul. 2019: 2.1% The U.K.’s CPI inflation climbed to 2.1% y/y in July from 2% in June, in line with our expectations but above the consensus that it would cool to 1.9%. Euro Zone Industrial Production Jun. 2019: -1.6% Euro zone industrial production disappointed in June, falling by a sharp 1.6% m/m and fully reversing May’s 0.8% rise. United States MBA Mortgage Applications Survey August 09: 21.7% Mortgage applications rose 21.7% over the week of August 9, following a decline in contract rates that tracked falling bond yields triggered by a rate cut at the end of July. United States Import and Export Prices Jul. 2019: 0.2% The U.S. inflation data have come in a little hot in July, but this won’t deter the Federal Reserve from cutting interest rates in September, as it is more concerned about the downside risks to the outlook from the trade tensions and slowing global economy than inflation. United States Oil Inventories August 09: 440.5 mil barrels Commercial crude oil inventories rose by 1.6 million barrels in the week ended August 9, contrary to expectations of a 2.7 million-barrel decline. Colombia Industrial Production Jun. 2019: -1.1% Manufacturing output contracted 1.1% y/y in June after expanding 3.2% in the previous month. Australia Employment Situation Jul. 2019: » VIEW MORE ECONOMIC INDICATORS |