| Today's Economy
Uncertainty a Threat to U.S. Capital Expenditure Plans The outlook has dimmed for real business investment and its contribution to GDP growth. A Predictable Playbook for the Unpredictable There is still a Trump "put," but the risk is that it loses its magic soon. German GDP Likely Contracted in Q2 The service sector could yet save the day, but this remains unlikely. Europe Daily Briefing: German Production in the Doldrums The slump in industry and construction likely weighed heavily on second quarter GDP. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Slower Growth Calls for Even Easier Money Central banks are loosening policy across the board. U.S. Chartbook: Not Too Hot, Not Too Cold Consumers will remain relevant to the expansion. Macro Roundup: Why Are We Miserable? Welfare maximization is difficult, because the objectives evolve and goal posts keep moving. U.S. Weekly Highlights and Preview, August 2, 2019 We look for the ISM nonmanufacturing survey to have edged lower in July. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Aug. 2019: 1.5%
The Bank of Thailand was Asia's third central bank to reduce its policy rate on Wednesday. Germany
Industrial Production
Jun. 2019: -1.5%
German industrial production fell by 1.5% in monthly terms in June. United States
MBA Mortgage Applications Survey
August 02: 5.3%
Lower mortgage rates haven't provided as big of a boost to home sales as we had expected. Chile
Foreign Trade
Jul. 2019: -US$28.9 mil
Chile’s trade balance slipped into negative territory in July, posting a deficit of $29 million, compared with a surplus of $317 million the previous month. Canada
Purchasing Managers' Index
Jul. 2019: 54.2
The seasonally adjusted Ivey Purchasing Managers' Index rose to 54.2 in July. United States
NAR Metro Prices
2019Q2: 4.3%
Though slowing, the U.S. market for existing homes is certainly not pulling back. United States
Oil Inventories
August 02: 438.9 mil barrels
A surprise increase in oil inventories will put downward pressure on oil prices. China
Foreign Trade
Jul. 2019:
United States
Consumer Credit (G19)
Jun. 2019: $14.6 bil
Headline consumer credit growth is proceeding unabated, even though June’s healthy gain of $14.6 billion fell a bit behind the consensus projection of a $16 billion build. Philippines
GDP
2019Q2:
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