Today's Economy Capital Market View: Final Thoughts Ahead of September U.S. Employment We look for a 475,000 net gain in September and a dip in the unemployment rate. LatAm Daily Briefing: Inflation to Accompany the Tapering The Fed’s eventual tapering may send Mexican inflation higher. Europe Daily Briefing: German Manufacturing Disappoints in August Industrial production dropped in August amid ongoing supply shortages. U.S. Retail Prices Still Rising Rapidly Fast price growth is widespread across retail and has yet to moderate. » VIEW MORE TODAY'S ECONOMY
Commentary Debt Ceiling Tracker Update: Phew! Congress kicks the can slightly down the road with a raised debt limit until December. State GDP Data Provide a Different Perspective The Northeast held on to many high-wage jobs, but energy states’ pain runs deep. The Macroeconomic Benefits of Racial Integration It adds up to real money that could substantially improve the long-term financial success of all Americans. U.S. Inflation Tracker: Signs of Calming Consumer prices may remain volatile in the first half of 2022. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland Unemployment rate Sep. 2021: 2.8% Swiss unemployment fell for the third consecutive month in September to 2.8%. Denmark Industrial Production Aug. 2021: 3.5% m/m Industrial production climbed 3.5% higher month over month in August after a 3.1% increase in July. Norway Industrial Production Aug. 2021: 2.7% m/m Industrial production ramped up by 2.7% m/m in August after no growth in July. Italy Retail Sales Aug. 2021: 0.4% m/m Italy’s retail sales ticked up by 0.4% m/m in August, after falling in July, as nonfood sales increased 0.7% m/m while food sales held steady. Germany Industrial Production Aug. 2021: -4.0% m/m Industrial production tumbled in August, dropping by 4% m/m and marking the sharpest month-to-month decline since the depths of the pandemic last year. Ireland Industrial Production Aug. 2021: -2.8% m/m Irish industrial production contracted by 2.8% m/m in August following a 6.9% expansion in July. United States Challenger Report Sep. 2021: 17,895 Job cut announcements rose to 17,895 in September, a 17% increase from August but still among the lowest totals during the last 25 years. Mexico Consumer Price Index Sep. 2021: 6.00% y/y Annual inflation in Mexico rose as consumer prices rebounded in September after moderating in the previous few months; underlying inflation keeps climbing higher. Consumer prices increased 0.62% in September, after an advance of 0.19% in the previous month. Chile Foreign Trade Sep. 2021: US$79 mil Chile's trade accounts remained in surplus in September, but barely, coming in at $79 million. United States Jobless Claims October 02: 326,000 U.S. initial claims for unemployment insurance benefits fell more than anticipated but they have been bouncing around recently because of California. Netherlands Consumer Price Index Sep. 2021: 2.7% y/y Inflation continued to increase in the Netherlands, jumping to 2.7% from 2.4% in September. United States St. Louis Fed Financial Stress Index October 01: -0.89 Financial market stress decreased last week after rising in the previous four weeks. Canada Purchasing Managers' Index Sep. 2021: 70.4 The Ivey Purchasing Managers' Index pushed forward in September, coming in at 70.4, up from August's 66 reading. United States Natural Gas Storage Report October 01: 118 bil cubic feet The increase in gas stocks last week beat analyst predictions and accelerated compared with recent builds, so this report should push down some on gas prices. United States Consumer Credit (G19) Aug. 2021: $14.4 bil Consumer credit expanded in September by $14.4 billion. Argentina Industrial Production - Advance Aug. 2021: 13.8% y/y Industrial output in Argentina increased 13.8% year on year in August not seasonally adjusted, after 12.5% in the previous month. China Consumer Price Index Sep. 2021: China Producer Price Index Sep. 2021: » VIEW MORE ECONOMIC INDICATORS |