Today's Economy Capital Market View: This Too Will Be Transitory Tightening in high-yield corporate bond spreads may not last much longer. Taiwan Blockade to Continue Growing trade interdependence implies that any shock to the international trading system will have a strong impact on global economic growth. LatAm Daily Briefing: Colombia’s New Government Tackles Fiscal Reform Gustavo Petro and his new administration offer an ambitious, controversial economic proposal. Europe Daily Briefing: Irish Industrial Production Grows in June Output in the country soared 22.7% year over year. » VIEW MORE TODAY'S ECONOMY
Commentary Euro Zone Economic Outlook: Strong Headwinds Persistent inflation, tighter monetary policy, and negative financial conditions and sentiment will slow economic growth. APAC Chartbook: Rising Prices and Falling Confidence Households get the heebie-jeebies as prices soar. Cyprus Outlook: Tourism to the Rescue Multiple crises are having tangible effects on visitor arrivals and inflation. U.S. Weekly Highlights and Preview, August 8, 2022 While the headline CPI will post a small monthly gain in July, the core CPI, which excludes food and energy, will remain solid. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Industrial Production Jun. 2022: 12.1% y/y Malaysia’s industrial production rose 12.1% y/y in June after rising 4.1% in May. Indonesia Retail Sales Jul. 2022: 8.7% y/y Indonesia’s retail sales grew 8.7% y/y through July, based on preliminary figures. Ireland Industrial Production Jun. 2022: 6.7% m/m Ireland's industrial production grew strongly in June, increasing 6.7% m/m after surging 33.9% in May. United States NFIB Small Business Survey Jul. 2022: 89.9 The NFIB Small Business Optimism Index increased from 89.5 in June to 89.9 in July, which is close to our forecast of 90. Mexico Consumer Price Index Jul. 2022: 8.15% y/y Annual inflation in Mexico climbed higher in July as consumer prices remain under pressure and expectations deteriorated. Brazil Consumer Price Index Jul. 2022: 10.07% y/y Annual inflation continued to trend down at a faster rate in July and for a second consecutive month as monetary policy tightened further. United States Productivity and Costs 2022Q2: -4.6%, q/q, SAAR Declining GDP and a surging jobs market bode poorly for measures of productivity. United States Moody’s Analytics Policy Uncertainty Index August 05: 367.3 4-wk MA The four-week moving average in our U.S. Argentina Industrial Production - Advance Jun. 2022: 6.9% y/y Not seasonally adjusted industrial output grew 6.9% y/y in June after growing 12.1% in the previous month. South Korea Employment Jul. 2022: China Consumer Price Index Jul. 2022: China Producer Price Index Jul. 2022: » VIEW MORE ECONOMIC INDICATORS |