| Today's Economy
Economic Roundup: Above Potential Second-quarter GDP growth was upwardly revised from 2.8% to 3% annualized. Europe Daily Briefing: Olympics Boost Sentiment The temporary lift in the headline belies persistently weak underlying data. LatAm Daily Briefing: Wide Variation in Restrictive Monetary Policies Countries adopt different strategies to tackle inflation. Asia-Pacific Daily Briefing: Race for Japan's Top Job Takes Shape Up to a dozen candidates could compete to lead the ruling Liberal Democratic Party. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Election Tracker: Looks Like a Toss-Up The question is where Robert F. Kennedy Jr.'s voters will go. Why FDI Is Shrinking Economic fragmentation and tax changes are reshaping global FDI flows. China’s Medium-Term Lending Facility Relegated in Importance An uncompetitive MLF rate could drive more interbank lending. All About E-commerce U.S. online sales have been growing at a much faster rate than brick-and-mortar retail. » VIEW MORE COMMENTARY
Today's Economic Indicators
Sweden
GDP
2024Q2: -0.3% q/q
Sweden’s GDP contracted 0.3% q/q in the second quarter of 2024 partly reversing the 0.8% jump in output during the first quarter. Euro Zone
Business and Consumer Sentiment
Aug. 2024: 96.6
The euro zone’s economic sentiment indicator rose to 96.6 in August, its highest reading since May 2023, from 96 in July. Belgium
Consumer Price Index
Aug. 2024: 2.9% y/y
In August, Belgium’s CPI inflation rate declined to 2.9% y/y from 3.6% in July. Canada
Balance of International Payments
2024Q2: -C$8.5 bil
Canada's current account deficit rose to $8.5 billion in the second quarter, seasonally adjusted, up $3.1 billion from the first quarter. Canada
Earnings, Hours and Employment
Jun. 2024: 4.0% y/y
The number of employees receiving pay and benefits from their employer decreased 47,300 (-0.23%) in June, ending five consecutive months of increases from January to May, which totaled a cumulative gain of 147,600 (0.8%) over the time frame. United States
Advance Wholesale and Retail Inventories
Jul. 2024: 0.3% m/m
Advance estimates from the Census Bureau show that wholesale inventories increased 0.3% in July, following a downwardly revised 0.1% increase in June. United States
International Trade in Goods - Advanced
Jul. 2024: -$102.7 bil
Advance data show the U.S. international goods trade deficit expanded to $102.7 billion in July, up $6.1 billion from $96.6 billion in the month prior. United States
Jobless Claims
August 24: 231,000
U.S. jobless claims continue to retreat from their recent high. United States
GDP
2024Q2: 3.0%, q/q, SAAR
U.S. economic growth strongly moved back above potential in the second quarter, coming in at 3%, more than double the 1.4% growth reported for the first quarter and an upward revision according to the Bureau of Economic Analysis’ second estimate. United States
Pending Home Sales
Jul. 2024: -5.5% m/m
The National Association of Realtors' pending home sales index fell in July, with a loss of 5.5% from the month prior. United States
St. Louis Fed Financial Stress Index
August 23: -0.61
U.S. financial market stress rose to -0.61 in the week ended August 23, according to the St. United States
Natural Gas Storage Report
August 23: 35 bil cubic feet
Natural gas in underground storage had a build of 37 billion cubic feet in the week ended August 23, almost on par with consensus expectations of a 37 bcf rise. South Korea
Industrial Production
Jul. 2024:
South Korea
Retail Sales
Jul. 2024:
Japan
Employment Situation
Jul. 2024:
Japan
Industrial Production
Jul. 2024:
Australia
Retail Sales
Jul. 2024:
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