| Today's Economy
Economic Roundup: Labor Market in Focus as FOMC Meeting Is Underway Another slowdown in hiring may renew concerns that the labor market is on shaky ground. Canada Weekly: University Finances Overview A brief overview of Statistics Canada's latest university revenue data for the 2022-2023 year. Europe Daily Briefing: Mixed Feelings While the euro zone performed well overall, GDP data for the second quarter had some clear winners and losers. Asia-Pacific Daily Briefing: Unemployment Dips in Japan At 2.5%, unemployment is still a little higher than the pre-pandemic average. » VIEW MORE TODAY'S ECONOMY
Commentary
What the U.S. Election Will Mean for Asia-Pacific Economies Abrupt shifts in U.S. trade policy will be a key concern. U.S. Chartbook: Dual Mandate in View The Fed is well position to cut the fed funds rate in September given current economic conditions. What Triumphant Tech Hubs Tell Us U.S. funding should bolster some once-overlooked markets, especially in the Great Lakes and Rockies. Australia Second-Quarter Used-Vehicle Price Report: Cruising Downhill Rising supply and cost-of-living challenges have sent prices lower. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
GDP
2024Q2: 0.8% q/q
In Spain, the preliminary estimate of GDP growth in the second quarter beat expectations. Germany
GDP
2024Q2: -0.1% q/q
Germany’s GDP fell 0.1% quarter over quarter in the second quarter, according to preliminary estimates. Italy
GDP
2024Q2: 0.2% q/q
Preliminary estimates show that Italy’s GDP grew 0.2% quarter over quarter in the second quarter of 2024, slightly better than our forecast of a 0.1% gain. Euro Zone
Preliminary GDP
2024Q2: 0.3% q/q
Preliminary estimates showed a 0.3% quarter-on-quarter expansion of euro zone GDP in the second quarter. Euro Zone
Business and Consumer Sentiment
Jul. 2024: 95.8
The euro zone’s economic sentiment indicator declined to 95.8 in July from 95.9 in June, sinking just below the average recorded since the start of the year. France
GDP
2024Q2: 0.3% q/q
France’s economy grew by 0.3% quarter over quarter in the second quarter, the same as the upwardly revised figure in the first quarter. Belgium
Consumer Price Index
Jul. 2024: 3.6% y/y
In July, Belgium’s CPI inflation rate declined slightly to 3.6% year on year from 3.7% previously. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
May. 2024: 6.8% y/y
House price appreciation slowed in May, according to the S&P CoreLogic Case-Shiller price index. United States
FHFA Purchase-Only House Price Index
May. 2024: 5.7% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index rose 5.7% on a year-ago basis in May, although house prices held steady on a monthly basis. United States
Housing Vacancies & Homeownership
2024Q2: 65.6%
The U.S. homeownership rate held steady at 65.6% in the second quarter. United States
Conference Board Consumer Confidence
Jul. 2024: 100.3
Consumers are feeling a little more confident, but the Conference Board’s index remained in a narrow range in July. United States
Job Openings and Labor Turnover Survey
Jun. 2024: 8,184 ths
The June JOLTS report showed some signs of weakness, though the labor market is holding up. United States
Texas Service Sector Outlook Survey
Jul. 2024: 7.7
Texas service sector activity rose in July, continuing a six-month trend. South Korea
Industrial Production
Jun. 2024:
South Korea
Retail Sales
Jun. 2024:
Japan
Industrial Production
Jun. 2024:
China
Manufacturing PMI
Jul. 2024:
Australia
Consumer Price Index
Jun. 2024:
Australia
Retail Sales
Jun. 2024:
Japan
Monetary Policy
Jul. 2024:
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