Today's Economy Economic Roundup: Prime Day, Autos Ding U.S. Retail Sales The July details were weak and that cut into our tracking estimate of third-quarter GDP. Retail Sales Lower Our Q3 U.S. GDP Estimate A drop in control retail sales puts Q3 GDP tracking at 6.5% at an annualized rate. Capital Market View: Little Angst in U.S. Bond Market About Debt Ceiling The bond market has seen this movie before and knows how it ends. U.S. Unemployment Rate Forecast Deceptively Optimistic A lagging labor force recovery will help drive the unemployment rate lower. » VIEW MORE TODAY'S ECONOMY
Commentary Global Vaccine Tracker: Economic Impact of Rise in Cases It's clear that higher vaccination rates lead to better economic and public health effects. U.S. Weekly Highlights and Preview, August 16, 2021 Because of the timing of Amazon Prime day, retail sales likely dropped by 1.5% in July. U.S. Chartbook: CPI, Not COVID-19 Concern, Moderates Economic data released last week hint at the possible risks the Delta variant could raise. Latin America Weekly Highlights and Preview, August 13, 2021 Second-quarter GDP figures underline the divergence between Andean economies. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Unemployment Jun. 2021: 4.7% U.K. unemployment declined to 4.7% in the three months to June, compared with 4.9% in the previous stanza. Canada Housing Starts Jul. 2021: 272 ths The pace of housing starts eased further in July. Canada International Transactions in Securities Jun. 2021: C$19.6 bil Foreign and domestic investors had a busy month in June. United States Retail Sales Jul. 2021: -1.1%, m/m The shift of U.S. consumer spending from goods to services along with the timing of Amazon’s Prime Day weighed on retail sales in July, as they dropped 1.1%. United States Industrial Production Jul. 2021: 0.9% m/m U.S. industrial production increased more than expected in July thanks to a rebound in motor vehicle and parts production. United States Business Inventories (MTIS) Jun. 2021: 0.8% m/m Business inventories increased in June. United States NAHB Housing Market Index Aug. 2021: 75 Homebuilder confidence fell 5 points to 75 in August. United States Moody’s Analytics Policy Uncertainty Index August 13: 308.5 The four-week moving average in our U.S. Colombia GDP 2021Q2: 17.6% y/y The Colombian economy expanded 17.6% y/y in the second quarter after growing 1.1% in the previous quarter. Japan Machinery Orders Jun. 2021: Japan Foreign Trade Jul. 2021: » VIEW MORE ECONOMIC INDICATORS |