| Today's Economy
Economic Roundup: Early End of Unemployment Benefits Doesn't Seem to Be a Panacea July's regional and state employment data lack evidence that it helped. Canada Weekly: Outlier Inflation The distribution of price increases has become heavily skewed, making much of it avoidable. Capital Market View: Don't Expect Jackson Hole Fireworks Fed Chair Jerome Powell is unlikely to provide any guidance on tapering. Geopolitical Risk Calendar: Taliban Takeover's Impact Refugee outflows from Afghanistan could generate need for fiscal spending in neighbouring countries. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. COVID-19 Tracker Update: Delta Makes a Mark The rapid increase in new infections zapped the momentum behind the Moody’s Analytics and CNN Back to Normal index. Europe Weekly Highlights and Preview, 20 August, 2021 Germany’s estimate of second-quarter GDP will likely come in at 1.5% q/q. Latin America Weekly Highlights and Preview, August 20, 2021 Argentina sees growth; Lima's employment is better than expected. Japan's Recovery Postponed The broad trajectory of the economy beyond the latest COVID-19 surge is gradually coming into view. » VIEW MORE COMMENTARY
Today's Economic Indicators
Norway
GDP
2021Q2: 1.1%
Norway’s GDP recovered by 1.1% q/q in the second quarter after contracting by 0.6% in the first. United Kingdom
Retail Sales
Jul. 2021: -2.5% m/m
U.K. retail sales fell by 2.5% m/m in July, after a downwardly revised increase of 0.2% m/m in June. Canada
New Housing Price Index
Jul. 2021: 11.9% y/y
Signs are emerging that buyer fatigue has begun to set in. Canada
Retail Trade
Jun. 2021: 4.2% m/m
Canadian retail recovered in June after the spring wave of COVID-19 cases caused struggles in May. United States
Regional and State Employment
Jul. 2021:
The July employment report for state and regional economies started the third quarter on a high note. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
August 18: 91.8
The Moody’s Analytics and CNN Business Back-to-Normal Index took a slight step backward this week, slipping 0.1 point to 91.8 from last week’s revised value of 91.9. » VIEW MORE ECONOMIC INDICATORS | 
