| Today's Economy
Economic Roundup: U.S. Labor Market Knows No Speed Limit The labor supply increased and there was stronger job growth. Capital Market View: U.S. Labor Market Could Speed Up Fed Tapering Our assumption about the timing might change, but that's about it. Jolly July The U.S. employment report was strong across the board and Fed could taper sooner. Canada Weekly: OPEC Opens Up OPEC+ will begin winding down its supply cuts and bring oil production to pre-pandemic levels. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, August 6, 2021 Mexico's inflation decelerates as Brazil's climbs. Macro Roundup: Welcome to Asia’s Diverging Monetary Policy New Zealand will be the first to hike, followed by South Korea. U.S Jobs Report: Welcome News Despite lingering uncertainty, the labor market recovery to date has been impressive. Europe Weekly Highlights and Preview, 6 August, 2021 Consumer spending likely drove a rise in U.K. GDP for June. » VIEW MORE COMMENTARY
Today's Economic Indicators
India
Monetary Policy
Aug. 2021: 4%
The Reserve Bank of India kept its benchmark repo rate unchanged at 4% in its August announcement, as expected. Denmark
Industrial Production
Jun. 2021: -2.3% m/m
Industrial production weakened slightly in June, a sign that Denmark's economy hasn't fully turned the corner. Germany
Industrial Production
Jun. 2021: -1.3% m/m
The slide in German industrial production accelerated in June, with output shrinking by 1.3% m/m following a downwardly revised 0.8% drop in May. Spain
Industrial Production
Jun. 2021: -1.0% m/m
Spain’s industrial production lost ground in June, contracting by 1% after consecutive 1.5% m/m gains in April and May. Italy
Industrial Production
Jun. 2021: 1.0% m/m
Italy’s industrial production partially recovered by 1% m/m in June after a 1.6% contraction in May. Chile
Consumer Price Index
Jul. 2021: 4.54% y/y
Chile’s inflation jumped high in July and surpassed the 4% target’s upper limit, and core inflation climbed above the central target. Canada
Labor Force Survey
Jul. 2021: 7.5%
Another solid month of job growth has put total employment within striking distance of its pre-pandemic high. United States
Employment Situation
Jul. 2021: 943,000 m/m, ths
Payroll employment gains were strong in July, rising by 943,000 and beating consensus expectations. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
August 04: 92.0
The Moody’s Analytics and CNN Business Back-to-Normal Index is indicating that economic activity has plateaued in recent weeks. United States
Wholesale Trade (MWTR)
Jun. 2021: 1.1% m/m
Wholesale inventories rose 1.1% in June, above the consensus forecast of 0.8%. Canada
Purchasing Managers' Index
Jul. 2021: 56.4
The Ivey Purchasing Managers' Index slipped in July, coming in at 56.4, down from a resounding 71.9 previously. Russian Federation
Consumer Price Index
Jul. 2021: 6.5% y/y
Russian headline CPI continues to develop above the Central Bank of Russia’s target of 4%, standing at 6.5% y/y in July, the same as the previous month. United States
Consumer Credit (G19)
Jun. 2021: $37.7 bil
Consumer credit shot up by $37.7 billion in June, far exceeding consensus expectations of a $23 billion increase. United States
Semiconductor Billings
Jun. 2021: 2.1%
Worldwide sales of semiconductors continue to reach new heights. » VIEW MORE ECONOMIC INDICATORS | 
