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Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, August 07, 2024

Today's Economy


LatAm Daily Briefing: Inflation Accelerates in Uruguay

Higher prices mean that the central bank must work harder to keep inflation under control.

Economic Roundup: U.S. Mortgage Rates Slide

At 6.55%, the 30-year mortgage rate is as low as it has been in a year.

U.K.’s Fiscal Challenges Continue to Mount

U.K. government spending and taxes are set to be higher than previously assumed.

Europe Daily Briefing: An Industrial Improvement

The rebound in German industrial production was driven by auto manufacturing.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Risk Matrix: Leverage in the Nonbank Financial System

Things are not as ominous as the term, “shadow banking,” suggests.

Composition of High Prices Hurts U.S. Consumer Confidence

Inflation for sellers of necessities weighs on confidence.

U.S. Chartbook: All About the Labor Market

Despite signs of stress, we should not panic yet.

Latin America and the U.S. Elections: Trade and Migration in Focus

Greater protectionism and restrictions on migration are tangible risks.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Japan
Consumption Activity Index
Jun. 2024: 0.8% m/m
The Bank of Japan’s real consumption activity index adjusted for travel jumped 0.8% m/m in June, a stronger increase than we had expected.

Germany
Industrial Production
Jun. 2024: 1.4% m/m
Germany’s industrial production rose 1.4% month over month in June, partially recovering from a 3.1% drop in the previous month.

United States
MBA Mortgage Applications Survey
August 02: 6.9%
Mortgage activity spiked in the week ended August 2.

Canada
Purchasing Managers' Index
Jul. 2024: 57.6
The Ivey Purchasing Managers’ Index fell slightly after a strong performance in the month prior.

United States
Oil Inventories
August 02: 429.3 mil barrels
Oil inventories declined for the sixth week in a row, and the larger-than-expected draw could put some upward pressure on prices.

United States
Consumer Credit (G19)
Jun. 2024: $8.9 bil
The stock of consumer credit outstanding expanded by $8.9 billion in June, falling just short of consensus expectations for a $10 billion addition.

Philippines
GDP
2024Q2:

» VIEW MORE ECONOMIC INDICATORS

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