Today's Economy Economic Roundup: Final Thoughts Ahead of Q3 U.S. GDP High expectations turned into a big disappointment. Capital Market View: Some Central Banks Can’t Take the Heat The acceleration in inflation has led developed central banks to reassess their plans. LatAm Daily Briefing: Venture Capital Sets Record Deals in the First Half of 2021 Tech spurs major venture capital investment in the region. Europe Daily Briefing: U.K. Budget Seeks Long-Term Investment Increases in government spending are supposed to go toward longer-term investments. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Credit Outlook: Rising Interest Rates to Slow Lending Unsecured lending staged a comeback this summer as consumers returned to travel and leisure spending in volumes closer to pre-pandemic times. What to Watch for in Japan’s Elections The ruling coalition is expected to win, but the race could prove more competitive than expected. This Week in the COVID-19 Recovery Concern that high U.S. inflation will persist is understandable, but overdone. Global Outlook: Peak Growth, Rising Uncertainty The evolving virus, supply bottlenecks and inflation pressures cloud the outlook. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark Retail Sales Sep. 2021: -1.1% m/m Danish retail sales continued to lose steam in September. France Job Seekers Sep. 2021: 3.25 mil The number of French job seekers fell by 55,000 in September to a total of 3.25 million. Mexico Trade Balance Sep. 2021: -US$2,398.4 mil Mexico’s trade balance posted another negative balance in September as exports growth moderated further. United States MBA Mortgage Applications Survey October 22: 0.3% Mortgage applications picked up 0.3% in the week of October 22 after plunging 6.3% in the prior week. Brazil Employment Situation Aug. 2021: 13.2% The unemployment rate decreased again in August as the economy advanced a little further. United States Advance Wholesale and Retail Inventories Sep. 2021: 1.1% m/m Wholesale trade inventories rose 1.1% in September after increasing 1.2% in August. United States International Trade in Goods - Advanced Sep. 2021: -$96.3 bil The U.S. nominal-goods deficit widened noticeably more than anticipated in September and this could cut into our tracking estimate of third-quarter GDP growth. United States Durable Goods (Advance) Sep. 2021: -0.4% m/m U.S. durable-goods orders fell 0.4% in September and there was a modest downward revision to August, as orders are now shown to have risen 1.3% (previously 1.8%). United States Business Employment Dynamics 2021Q1: 8.2 mil A comprehensive count of employment data for the first quarter of 2021, which will be used in the benchmark revision of payroll data, indicates that 8.154 million private-sector jobs were added, down from the prior two quarters, while 6.469 million jobs were lost, also down from the previous two quarters. United States Moody’s Analytics Policy Uncertainty Index October 22: 350.0 4-wk MA The four-week moving average in our U.S. United States Moody's Analytics Inflation Expectations Pulse October 24: 2.48% The Moody’s Analytics Inflation Expectations Pulse held steady in the week ended October 24, as data released last week offered little new information on inflation expectations. United States Oil Inventories October 22: 430.8 mil barrels An unexpected rise in oil inventories should cool oil prices. Canada Monetary Policy Oct. 2021: 0.25% Quantitative easing has ended and the Bank of Canada has entered the reinvestment phase. Russian Federation Industrial Production Sep. 2021: 6.8% y/y Russia's industrial production growth accelerated in September, rising to a 6.8% yearly gain from 4.7% in August. Brazil Monetary Policy Oct. 2021: Japan Foreign Trade Sep. 2021: Japan Retail Sales Sep. 2021: » VIEW MORE ECONOMIC INDICATORS |