Today's Economy Economic Roundup: Streak of Disappointment Continued, Then Ended Durable goods were a letdown, but consumer confidence unexpectedly increased. Capital Market View: U.S. Confidence Doesn't Alter Spending Forecast Relationship between spending and confidence is loose in the short run. LatAm Daily Briefing: Colombian Recovery Disrupted by Protests Violent protests temporarily disrupted Colombia’s economic recovery in May. U.S. Risk Matrix: Delta Variant, Cyberattacks Added as Downside Risks The Delta variant should not have enormous economic costs, thanks to vaccinations. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: What’s Next for Yields, Housing? There were bits of good news for future residential construction in last week’s housing data. What to Expect: Semiconductor Chip Shortage Why the shortage won't be equal across industries and sectors. Macro Roundup: It Gets Worse Before It Gets Better Asia’s slow rate of vaccination is a thorn in the region’s economic recovery. Australia’s Delta Curveball Full-year GDP has been downwardly revised as Sydney's lockdown bites. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark Retail Sales Jun. 2021: 0.3% m/m Retail sales grew modestly in June, reflecting a Danish economy that is returning to normal. Finland Unemployment rate Jun. 2021: 7.6% y/y Finland’s not seasonally adjusted unemployment rate continued its downward trend, falling to 7.6% in June from 7.7% a year earlier. France Job Seekers Jun. 2021: 3.42 mil The number of French job seekers fell by 72,500 in June to a total of 3.42 million. Mexico Trade Balance Jun. 2021: US$762.0 mil Mexico’s trade balance remained in positive territory in June as exports posted strong annual growth. Mexico Economic Activity Index May. 2021: 25.1% y/y Mexico’s economic activity continued to recover in May, reporting another strong annual rebound. United States Durable Goods (Advance) Jun. 2021: 0.8% m/m The U.S. economic data continue to come in weaker than expected as growth has likely peaked this cycle. United States FHFA Purchase-Only House Price Index May. 2021: 18.0% y/y The Federal Housing Finance Agency Purchase-Only House Price Index climbed 18% on a year-ago basis in May. United States S&P CoreLogic Case-Shiller® Home Price Indexes May. 2021: 17 % y/y House price appreciation advanced once again in May, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index, its 11th consecutive month of faster year-over-year price gains. United States Housing Vacancies & Homeownership 2021Q2: 65.4% The homeownership rate remained virtually unchanged at 65.4% in the second quarter. United States Richmond Fed Manufacturing Survey Jul. 2021: 27 Factory activity in the Fifth Federal Reserve District is increasing. United States Conference Board Consumer Confidence Jul. 2021: 129.1 Consumer confidence snapped a string of U.S. economic data that had fallen short of expectations. United States Texas Service Sector Outlook Survey Jul. 2021: 21.7 Activity in Texas' service sector expanded at a healthy tempo in July, but the pace of growth decelerated. United States Moody’s Analytics Policy Uncertainty Index July 23: 320.0 The four-week moving average in our U.S. South Korea Consumer Sentiment Index Jul. 2021: Australia Consumer Price Index 2021Q2: » VIEW MORE ECONOMIC INDICATORS |