Today's Economy Economic Roundup: U.S. Job Growth Isn't Sustainable Labor supply issues will become more binding. Confidence U.S. Economy Is at Full Employment Still Lacking Long-term unemployment rose in July and wage growth remains weak. Canada Weekly: Net Foreign Asset Position Rises Again Net foreign assets rose for a third straight quarter, spurred by higher foreign stock markets. Latam Weekly: Mexican Exports Have Grown Up Today the country exports more cars than commodities. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, August 4, 2017 July employment clears another hurdle for the Fed to begin normalizing its balance sheet soon. Europe Weekly Highlights and Preview, 4 August, 2017 Euro zone, U.K. industrial performance in the spotlight. Macro Roundup: Aussie Consumers Aren't Feeling It Already subdued retailers are bracing for the arrival of Amazon. Latin America Economic Preview: 7-11 August Inflation falls in Brazil, Chile and Colombia, and stays high in Argentina and Mexico. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Foreign Trade Jun. 2017: MYR9.9 bil Fading base effects on the import ledger caused Malaysia's trade surplus to widen in June. The trade surplus rose to MYR9.9 billion in June, up from 5.5 billion in the prior month. Spain Industrial Production Jun. 2017: -0.1% Spain’s industrial production disappointed in June, coming in at 2.7% y/y, below our expectations. Germany Manufacturing Turnover and Orders Received Jun. 2017: 1% German manufacturing advanced by 1% m/m in June following a revised 1.1% increase in May. Italy Retail Sales Jun. 2017: 0.6% Italy’s retail sales jumped 0.6% on a monthly basis in June, following no change in the previous month. United States Semiconductor Billings Jun. 2017: 2.0% Global semiconductor sales ended the second quarter on a strong note. United States International Trade (FT900) Jun. 2017: -$43.6 bil June’s smaller than anticipated trade deficit indicates that trade may add a touch of shine to second quarter GDP growth. United States Employment Situation Jul. 2017: 209,000 July was another good month for the U.S. labor market. Canada International Merchandise Trade Jun. 2017: -C$ 3.60 bil Canada's trade balance fell further into deficit territory. Canada Labor Force Survey Jul. 2017: 6.3% The labor market took a moment to catch its breath in July. Russian Federation Consumer Price Index Jul. 2017: 0.1% Russia enjoyed a slowdown in price inflation in July, as measured by the consumer price index, with prices growing at a 3.9% year-over-year pace, a 0.5-percentage point drop from last month. United States ECRI Future Inflation Gauge Jul. 2017: 111.5 (U.S.) The fall in the ECRI Future Inflation Gauge indicates that inflation will remain subdued. Canada Purchasing Managers' Index Jul. 2017: 60.0 The seasonally adjusted Ivey Purchasing Managers' Index hit 60 in July, down slightly from 61.6 in June but the fourth reading in the 60s in the past five months. United States ECRI Weekly Leading Index July 28: 144.4 The U.S. expansion will continue over the coming quarters, though gains will moderate as the expansion matures. » VIEW MORE ECONOMIC INDICATORS |