Today's Economy Economic Roundup: U.S. Business Investment Has Cooled Durable-goods orders fell in July and the details were soft. LatAm Daily Briefing: Same Speed, Different Distance to Go Despite parallel recoveries, the Mexican and U.S. economies will reach their pre-pandemic targets on different tracks. Europe Daily Briefing: Germany's Centre-Left Party Makes an Unexpected Comeback An SPD-led government would likely increase investment. Economic Roundup: Plenty of Supports for U.S. Home Sales U.S. new-home sales edged higher in July. » VIEW MORE TODAY'S ECONOMY
Commentary Japan Risk Matrix Update: A Clouded Picture GDP eked out some moderate growth in the second quarter, but the outlook for labour demand and spending remains at risk. U.S. Employment Outlook: The Long Road The unemployment rate will drop to 4.6% by year’s end and below its full-employment rate by the end of 2022. U.S. Credit Outlook: Mortgages Lead the Way Recent momentum in new- and used-vehicle prices has been a significant contributor to auto balance growth. Global Vaccine Tracker: Efficacy at Issue Israel, the first country to vaccinate a majority of its citizens, has seen a dizzying rise in cases of late. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Job Seekers Jul. 2021: 3.36 mil The number of French job seekers fell by 58,000 in July to a total of 3.36 million. United States MBA Mortgage Applications Survey August 20: 1.6% Mortgage applications ticked up 1.6% in the week of August 20, following last week’s 3.9% contraction. Mexico Economic Activity Index Jun. 2021: 13.3% y/y Economic activity in Mexico moderated in June in monthly and annual terms as the positive base effect vanished. United States Durable Goods (Advance) Jul. 2021: -0.1% m/m U.S. durable-goods orders fell less than we anticipated in July, but the details were on the soft side, a sign that business equipment spending is moderating. Mexico GDP 2021Q2: 19.6% y/y Mexico’s economy gained a little traction in the second quarter and posted a strong annual rebound of 19.6%, after a fall of 3.6% in the previous quarter and a contraction of 18.7% a year earlier. United States Moody's Analytics Inflation Expectations Pulse August 22: 2.4% The Moody’s Analytics Inflation Expectations Pulse increased for the second week in a row following new data released two weeks ago by the Survey of Professional Forecasters. United States Oil Inventories August 20: 432.6 mil barrels A larger than anticipated decline in crude oil stocks will put some upward pressure on oil prices. Russian Federation Industrial Production Jul. 2021: 6.8% y/y The rebound in Russia's industrial production decelerated in July, posting a 6.8% yearly gain as opposed to the 8.2% market consensus. » VIEW MORE ECONOMIC INDICATORS |