| Today's Economy
The PBoC Offers Further Support The potency of monetary stimulus is dampened by palpable cautiousness and volatility. LatAm Daily Briefing: U.S. and LatAm Ties Face New Tests Colombia’s new leftist president may overturn long-time diplomatic assumptions. Economic Roundup: Pair of Wet Blankets to Start the Week Two surveys turned sharply more negative in August than expected. Inside Economics Podcast: Episode 71—Cooling Inflation and Confounding Housing Riddles How has corporate homebuying and work from anywhere affected the market? » VIEW MORE TODAY'S ECONOMY
Commentary
The Impact of Energy Shortages on Switzerland Despite a better energy mix, the coming winter carries risk. Wage Growth Set to Outpace Inflation in Singapore Robust wage gains have prevented a decline in real labour compensation so far. Latin America Weekly Highlights and Preview, August 12, 2022 Brazil’s rapidly declining inflation rate stands out from its peers. Europe: Running on Fumes The EU needs to carefully manage its energy requirements to avoid running out of gas. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Foreign Trade
Jul. 2022: US$4.23 bil
Indonesia’s foreign trade surplus fell to $4.2 billion in July from $5.1 billion in June, exceeding the $3.9 billion market consensus and our $3.7 billion forecast. China
Monetary Aggregates
Jul. 2022: 12.0% y/y
M2 broad money supply growth accelerated to 12% y/y in July from 11.4% in June, exceeding market expectations and our own. Finland
Consumer Price Index
Jul. 2022: 7.8% y/y
Finland’s annual inflation rate stalled at 7.8% year over year in July. Finland
Retail Sales
Jun. 2022: 2.0% m/m
Finland's seasonally adjusted nominal retail sales, excluding motor vehicles and motorcycles, recovered by 2% m/m in June, reversing the downwardly revised 0.2% decrease in May. Canada
Survey of Manufacturing
Jun. 2022: -0.8% m/m
Cracks are emerging in the manufacturing industry. Canada
New Motor Vehicle Sales
Jun. 2022: -9.7% y/y
Purchases of new cars and trucks in Canada increased for the second consecutive month in June after falling from March to April. Canada
Wholesale Trade
Jun. 2022: 0.1% m/m
Wholesale trade made further progress in June, albeit at a slower pace than in May. United States
NY Empire State Manufacturing Survey
Aug. 2022: -31.3
There is little to like in August's Empire State Manufacturing Survey. India
Foreign Trade
Jul. 2022: -US$30.0 bil
India’s merchandise trade deficit increased yet again in July, rising to $30 billion from $26.2 billion in the previous month. World
Moody's Analytics Global GDP
2022Q1: 3.0% q/q SAAR
Global growth slowed sharply in the first quarter owing to pandemic-related disruptions, persistent supply-chain hurdles, and soaring commodity prices. World
Moody's Analytics Survey of Business Confidence
August 12: 1.7
Global business sentiment has taken on a bit brighter hue in the past few weeks. United States
NAHB Housing Market Index
Aug. 2022: 49
Homebuilding conditions have turned negative in August. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Jul. 2022: 42.2 weeks, NSA
New-vehicle affordability decreased again in July, the fifth consecutive monthly decline. Canada
RPS House Price Index
Jul. 2022:
Peru
Unemployment
Jul. 2022: 6.8%
Job market malaise is the new normal in Peru. United States
Treasury International Capital Flows
Jun. 2022: $121.8 bil
Net long-term capital flows were positive in June, with net inflows totaling $121.8 billion. » VIEW MORE ECONOMIC INDICATORS | 
