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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.

Tuesday, July 12, 2022

Today's Economy


Economic Roundup: Under the Hood of the U.S. July Baseline Forecast

The new path of the fed funds rate cuts into GDP growth.

Capital Market View: Bracing for Another Red-Hot U.S. CPI Print

We forecast the headline and core CPIs to have risen 1.1% and 0.5%, respectively.

LatAm Daily Briefing: Colombian Peso Hits New Low Against the Dollar

The weakened currency is under pressure from both domestic and external factors.

Europe Daily Briefing: ZEW Index Drops

The economic sentiment index fell in July to its lowest since 2011.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Spending Shift Is Gradual, Inconsistent

Consumers who went strong for buying goods during the pandemic are reopening their wallets for services, but inflation clouds the partial reversal.

U.S. Chartbook: A Rose-Colored Economy

Employment indicators reinforce the notion that the economy is on strong footing.

U.S. Weekly Highlights and Preview, July 11, 2022

Fed officials don’t seem concerned about a recession.

U.S. Employment Report, Cont'd

The job situation in June should alleviate some of the growing fear that the U.S. economy is in recession.

» VIEW MORE COMMENTARY



Today's Economic Indicators


China
Monetary Aggregates
Jun. 2022: 11.4% y/y
China’s M2 broad money supply growth accelerated to 11.4% y/y in June, up from 11.1% in May and in line with our expectations.

Portugal
Consumer Price Index
Jun. 2022: 8.7%
Portugal’s CPI rose to 8.7% year over year in June, up from 8% in May.

United States
NFIB Small Business Survey
Jun. 2022: 89.5
The NFIB Small Business Optimism Index declined from 93.1 in May to 89.5 in June and is now lower than during the teeth of the pandemic.

Mexico
Industrial Production
May. 2022: 3.3% y/y
Industrial production advanced further in May in annual terms, as manufacturing exports still benefit from the demand of the U.S. market.

India
Consumer Price Index
Jun. 2022: 7.01% y/y
India’s CPI inflation rate stayed around the same, coming in at 7.01% y/y in June compared with 7.04% in May.

India
Industrial Production
May. 2022: 19.6% y/y
India's industrial production index surged by 19.6% y/y in May, accelerating on a 6.7% rise in April.

United States
State and Local Government Tax Revenue
2022Q1: 21.3% y/y
State tax revenues maintained their hot streak in the first quarter, with total revenues climbing 21.3% from a year earlier.

Uruguay
Industrial Production
May. 2022: 12.0% y/y
Uruguay's industrial production recorded a yearly increase of 12% in May, propelled by food processing, vehicle fabrication and paper products.

South Korea
Employment
Jun. 2022:

New Zealand
Monetary Policy
Jul. 2022:

China
Foreign Trade
Jun. 2022:

» VIEW MORE ECONOMIC INDICATORS

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