Today's Economy Economic Roundup: U.S. ISM Manufacturing Survey Weathers Storm The strongest growth this cycle could be behind us, but the outlook remains bright. LatAm Daily Briefing: Retail Therapy Spending has surged most in economies that are recovering rapidly or have achieved some level of success with vaccinations. Europe Daily Briefing: Euro Zone Manufacturing PMI Eases July’s reading decreased slightly but still signals a strong demand environment. Inside Economics Podcast: Episode 17—ECI and ECB What is the latest on inflation, and when will business travel begin to ramp up? » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Debt Ceiling Tracker Update: The Clock Is Ticking We estimate that if Congress does not act, the Treasury will hit the debt limit on November 18. Latin America Weekly Highlights and Preview, July 30, 2021 Chile should see a solid recovery this year; Brazil faces a severe water shortage. Europe Weekly Highlights and Preview, 30 July, 2021 The euro zone’s GDP grew more than expected in the second quarter; there was divergence among countries. Virus Surge and Sinking Economy Vex Thailand We have downwardly revised fourth-quarter GDP due to tourists being unlikely to return until next year. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan Consumer Confidence Jul. 2021: 37.5 Japan's consumer confidence stood at 37.5 in July, up 0.1 point from June. Switzerland Consumer Price Index Jul. 2021: 0.7% Swiss inflation edged up slightly in July by 0.7% y/y compared with 0.6% y/y in June. Germany Retail Sales Jun. 2021: 4.2% m/m Germany’s retail sales continued their recovery, growing by 4.2% m/m in June on top of May’s 4.6% increase. Switzerland Retail Sales Jun. 2021: 0.1% y/y Swiss retail sales fell further in June, by 3.5% m/m, deepening May’s 2.3% decline. Hong Kong SAR (China) Retail Sales Jun. 2021: Portugal Industrial Production Jun. 2021: 10.4% Portuguese annual industrial production decelerated in June, growing by 10.4% compared with 26.6% the previous month. Chile Monthly Economic Activity Indicator Jun. 2021: 20.1% y/y Economic activity reported anther strong annual rebound in June favored by the comparison base. United States Construction Spending (C30) Jun. 2021: 0.1% m/m The value of U.S. construction put in place was largely unchanged in June, increasing just 0.1% from its revised May level. World Moody's Analytics Survey of Business Confidence July 30: 14.4 Global business sentiment significantly improved this spring and is close to where it was pre-pandemic, but it has gone sideways since mid-June. United States ISM Manufacturing Index Jul. 2021: 59.5 A barometer of U.S. manufacturing activity still suggests that economic growth this cycle may have peaked, but that doesn’t mean the economy won’t do very well through the rest of this year and next. United States Senior Loan Officer Opinion Survey 2021Q3: -37.3% According to the Senior Loan Officer Opinion Survey, banks eased lending standards for commercial and industrial loans to firms of all sizes during the second quarter. Brazil Foreign Trade Jul. 2021: US$ 7.395 bil Brazil’s trade account posted another positive result in July as exports advanced further, despite the higher growth of imports. Peru Consumer Price Index Jul. 2021: 3.8% y/y The consumer price index for the Lima metropolitan area rose 3.8% in July on a year-ago basis, the highest in five years. South Korea Consumer Price Index Jul. 2021: Japan Consumer Price Index Jul. 2021: » VIEW MORE ECONOMIC INDICATORS |