| Today's Economy
Economic Roundup: Retail Rebound After sliding in June, sales rose 1% in July, blowing past expectations. Q3 Tracking Estimate Kicks Off Our preliminary estimate of third-quarter growth is a robust 2.8% annualized. LatAm Daily Briefing: Chile's Economy Hesitates Activity was on a roller coaster in the second three months of the year. It’s a Marathon, Not a Sprint Asia's Economy Unwrapped podcast: We hash over the yen and yuan of global economies. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Household Income Growth Healthy but Atypically Volatile The outlook is for steady growth with reduced volatility. Canada Risk Matrix: Fragile Optimism Easing monetary policy is a welcome shift, but the labor market shows signs of weakness. U.K. Risk Matrix: Honeymoon Over Chancellor Rachel Reeves revealed that public finances are in an even worse state than previously thought. What Is Happening to Laos? Laos is navigating debt, currency and inflation challenges on its path to recovery. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Foreign Trade
Jul. 2024: US$472 mil
Indonesia’s trade surplus fell to $472 million in July from $2.4 billion in June, landing below both our and consensus forecasts for a $2.5 billion positive balance. United Kingdom
GDP - Quarterly
2024Q2: 0.6% q/q
The 0.6 % quarter-on-quarter rise in U.K. Philippines
Monetary Policy
Aug. 2024: 6.25%
Bangko Sentral ng Pilipinas cut the overnight reverse repo rate by 25 basis points to 6.25% in August. Norway
Monetary Policy
Aug. 2024: 4.5%
The Norges Bank held its policy rate at 4.5% at Thursday's meeting. United Kingdom
Monthly GDP
Jun. 2024: 0.0% m/m
U.K. monthly GDP was flat in June and supports our assumption that growth will slow going into the third quarter. Canada
New Motor Vehicle Sales
Jun. 2024: -0.9% y/y
New-vehicle sales slipped 9% in June after four consecutive monthly increases, with sales totaling 168,001 units. Canada
Wholesale Trade
Jun. 2024: -1.8% m/m
Wholesale trade fell yet again in June, falling 1.8%. United States
Import and Export Prices
Jul. 2024: 0.1% m/m
Prices for U.S. imports edged up 0.1% in July, following no change in June, as higher prices for imported food and energy offset declines in consumer goods. United States
NY Empire State Manufacturing Survey
Aug. 2024: -4.7
The Empire State Manufacturing Survey for August was mostly devoid of surprises, with this month looking very similar to the past two. United States
Philadelphia Fed Survey
Aug. 2024: -7.0
The Manufacturing Business Outlook Survey from the Philly Fed took a sharp turn downward in August after jumping in July. United States
Retail Sales
Jul. 2024: 1.0%, m/m
July retail sales blew past expectations despite downward revisions to the prior two months, including a weak June. United States
Jobless Claims
August 10: 227,000
Initial claims for unemployment insurance declined to 227,000 in the week ended August 10 from 234,000 in the prior week. United States
Industrial Production
Jul. 2024: -0.6% m/m
U.S. industrial production took a step backward in July. United States
Business Inventories (MTIS)
Jun. 2024: 0.3% m/m
Business inventories rose 0.3% in June on par with consensus predictions after building 0.5% in May. United States
MBA Delinquency Rates
2024Q2: 3.97%
Mortgage delinquency rates increased for the fourth quarter in a row in a return-to-normal trend. United States
NAHB Housing Market Index
Aug. 2024: 39
Homebuilder confidence declined 3 points to 39 in August, according to the National Association of Home Builders’ Housing Market Index. World
Moody's Analytics Global GDP
2024Q1: 3.0% q/q SAAR
Global GDP growth accelerated at the start of the year, according to the third estimate from Moody's Analytics. United States
St. Louis Fed Financial Stress Index
August 09: -0.14
U.S. financial market stress increased for the fifth straight week with the St. United States
Natural Gas Storage Report
August 09: -6 bil cubic feet
Gas stocks dipped last week, coming in below expectations. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Jul. 2024: 37.0 weeks, NSA
United States
Moody's Analytics Commercial Real Estate Price Index
2024Q2: 3.9% y/y
The Moody’s Analytics Equal Weighted Commercial Real Estate Price Index was up 3.9% from a year ago in the second quarter of 2024. Colombia
GDP
2024Q2: 2.1% y/y
Colombia's economy rebounded in the second quarter of 2024 amid slowing inflation and less restrictive monetary conditions. Peru
Unemployment
Jul. 2024: 6.0%
The July jobs report for the Lima metropolitan area—a barometer of job market conditions at the national level in Peru—was not as rosy as we expected, nor was it a dud either. United States
Treasury International Capital Flows
Jun. 2024: $96.1 bil
Net long-term international capital flows rose $96.1 billion in June, compared with net outflows of $54.1 billion in May. Singapore
Foreign Trade
Jul. 2024:
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