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.

Thursday, July 27, 2017

Today's Economy


Economic Roundup: U.S. Economy Likely Bounced Back in Q2

For the Fed, Friday's ECI is likely more important than GDP.

Final Thoughts Ahead of Q2 U.S. GDP

GDP tracking 3%, but risks are weighted toward a smaller gain.

ECB and Czech National Bank Moving Apart

While the CNB will likely hike rates next week, the ECB is postponing its tightening.

Surprises on U.S. Durable Goods Orders, Inventories, and Trade

The economy may have done a little better than expected in the second quarter.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Objectives Increase Possibility of New NAFTA Accord

Markets reacted positively to the U.S. guidelines.

U.S. Credit Outlook: Job Gains Drive Growth

Strong performance in the first-mortgage market is covering weakness elsewhere.

Romania Outlook: The Tiger Is Back in Town

Output growth will outperform the region's as the expansion matures.

Taiwan Outlook: Enjoying the Tech Lift

Increased tensions with China pose a downside risk.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Spain
Unemployment
2017Q2: 17.2%
Spain’s unemployment rate fell to 17.2% in the second quarter of 2017, down from 18.8% in the previous stanza.

Euro Zone
Monetary Aggregates
Jun. 2017: 5.0%
The seasonally adjusted annual growth of the euro zone’s M3 money supply was 5% y/y in June, holding steady from the previous month.

Hong Kong
Foreign Trade
Jun. 2017: -HK$48.3 bil
Hong Kong's trade balance fell to -HK$48.3 billion in June from -HK$35.6 billion in May.

Russian Federation
Business Confidence
Jul. 2017: -1.0
Business confidence among Russian manufacturers held steady again in July, with -1% of managers on net responding positively for the fourth month in a row.

Canada
Earnings, Hours and Employment
May. 2017: 2.0%
The Canadian labor market stalled in May.

United States
Advance Wholesale and Retail Inventories
Jun. 2017: 0.6%
Stockpiles came back in a big way in June.

United States
International Trade in Goods - Advanced
Jun. 2017: -$63.9 bil
The advance goods deficit suggests that net exports were a support to growth late in the second quarter.

United States
Chicago Fed National Activity Index
Jun. 2017: 0.13
The pace of U.S. economic growth improved in June.

United States
Jobless Claims
July 22: 244,000
Initial claims for unemployment insurance benefits took a step back in the week ended July 22.

United States
Durable Goods (Advance)
Jun. 2017: 6.5%
New orders for durable manufactured goods bounced back in June, increasing a hearty 6.5% from May.

Mexico
Trade Balance
Jun. 2017: US$61.5 mil
The trade balance showed a marginal surplus in June as exports advanced faster.

United States
St. Louis Fed Financial Stress Index
July 21: -1.60
The St.

United States
Housing Vacancies & Homeownership
2017Q2: 63.7%
The homeownership rate held steady in the second quarter of 2017.

United States
Natural Gas Storage Report
July 21: 17 bil cubic feet
Natural gas inventories increased by less than industry analysts were expecting, which will put upward pressure on prices.

United States
Kansas City Fed Manufacturing Survey
Jul. 2017: 10
The expansion of manufacturing activity in the Kansas City Fed region is holding steady, but expectations of future conditions are moderating.

Colombia
Monetary Policy
Jul. 2017: 5.50%
Colombia’s central bank board decided to cut the reference interest rate by 25 basis points at today’s policy meeting.

South Korea
Industrial Production
Jun. 2017:

South Korea
Retail Sales
Jun. 2017:

United Kingdom
Consumer Confidence
Jul. 2017:

Japan
Consumer Price Index
Jun. 2017:

Japan
Employment Situation
Jun. 2017:

Japan
Household Expenditures Survey
Jun. 2017:

Japan
Retail Sales
Jun. 2017:

Singapore
Employment
2017Q2:

» VIEW MORE ECONOMIC INDICATORS

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