| Today's Economy
Economic Roundup: July U.S. Employment Puts Recession Debate to Bed; Turns Up Heat on Fed Job growth was noticeably stronger than expected in July and the unemployment rate dropped. July U.S. Employment Squashes Recession Concerns The economy isn't in recession, but the strong labor market pushes the Fed toward another 75-bps hike. Europe Daily Briefing: Industrial Production Rises in Core Industrial production surprises to the upside in France and Germany. Denmark to Follow ECB on Rate Hikes Increases are set to continue into the second half of next year. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview: Higher and Higher. Where Will Interest Rates Stop? The Reserve Bank of Australia and Reserve Bank of India raised their policy rates by 50 bps. Taiwan Risk Matrix: Shifting Hazards Taiwan has coped with disruptions to manufacturing from COVID-19 and Russia's invasion of Ukraine. What Japan and South Korea Can Teach Us About Living With COVID-19 The pair achieved leading health outcomes with few restrictions. Last In, First Out for Regional Expansions? Recent indicators suggest that slowing is more pronounced among already-struggling U.S. states. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
GDP
2022Q2: 5.4% y/y
Indonesia’s GDP grew at 5.4% year on year in the June quarter following 5.01% growth in the March quarter. Thailand
Consumer Price Index
Jul. 2022: 7.6% y/y
Thailand's inflation increased at a slower rate of 7.6% y/y in July, down from 7.7% in July, as energy prices fell marginally. Singapore
Retail Sales
Jun. 2022: 14.8%
Singapore’s retail sales increased at a slower rate in June, rising by 14.8% y/y after the previous month’s 17.8% increase. India
Monetary Policy
Aug. 2022: 5.40%
The Reserve Bank of India lifted the benchmark repo rate by 50 basis points to 5.4% in its August meeting. France
Industrial Production
Jun. 2022: 1.4% m/m
France’s industrial production stepped on the gas in June. Germany
Industrial Production
Jun. 2022: 0.4% m/m
German industrial production increased 0.4% m/m in June following a fall of 0.1% in May (revised down from growth of 0.2%). Spain
Industrial Production
Jun. 2022: 1.1% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s industrial production expanded 1.1% m/m in June. Taiwan (China)
Consumer Price Index
Jul. 2022: 3.4%
Taiwan headline consumer prices rose 3.4% y/y in July, down from the 3.6% increase in June. Italy
Industrial Production
Jun. 2022: -2.1% m/m
Italy’s industrial production contracted by 2.1% m/m in June, deepening May's 1.1% decline, and in doing so fell below its pre-pandemic peak. Canada
Labor Force Survey
Jul. 2022: 4.9%
The labor market's expansion is running out of momentum. United States
Employment Situation
Jul. 2022: 528,000 m/m
Payroll gains blew the forecasts out of the water in July. Colombia
Consumer Price Index
Jul. 2022: 10.2% y/y
Colombia’s annual inflation rate continued to accelerate in July amid rising energy and food prices. Canada
Purchasing Managers' Index
Jul. 2022: 49.6
The Ivey Purchasing Managers' Index continued its decline for the second consecutive month. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
August 03: 91.3
The U.S. United States
Consumer Credit (G19)
Jun. 2022: $40.2 bil
The stock of consumer credit outstanding added $40.2 billion in June, coming in well above consensus expectations for a $25 billion gain. » VIEW MORE ECONOMIC INDICATORS | 