Today's Economy Economic Roundup: Consumers Still Feeling the Blues The University of Michigan consumer sentiment index increased in September but remained weak. Canada Weekly: Taking Provinces' Pulse A real-time indicator of local business conditions reveals divergence across provinces. Geopolitical Risk Calendar: U.S. Presidential Debate Won't Move the Needle Vice President Harris may have gained back some momentum, though the race remains extraordinarily tight. Europe Daily Briefing: Production Pullback Industrial output tracked its fourth month of decline in July. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview: September 13, 2024 It has been more than a year since the Fed changed its policy rate, but with recent labor market and price data showing cooling on both fronts, it is time for the central bank to begin easing. U.S. Road to Recession: Watching and Waiting The labor market will continue to cool, and monthly job gains will continue to moderate. Latin America Weekly Highlights and Preview, September 13, 2024 July sees industrial production sagging in Argentina, while it bounces back in Uruguay. Europe Weekly Highlight and Preview, 13 September, 2024 Although inflation is close to target, the Bank of England is unlikely to cut interest rates next week. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland Consumer Price Index Aug. 2024: 1.2% y/y In August, Finland’s annual inflation rate reaccelerated to 1.2% year over year from 1% in July due to an increase in the average interest rate on housing loans, maintenance charges and consumer credit. France Consumer Price Index Aug. 2024: 1.8% y/y France’s CPI inflation rate slowed to 1.8% year over year in August from 2.3% in July. Euro Zone Industrial Production Jul. 2024: -0.3% m/m The euro zone’s industrial production pulled back 0.3% m/m in July, deepening a 0.1% decrease in June and prolonging the latest down spell since April. Russian Federation Monetary Policy Sep. 2024: 19% At its September meeting, the Central Bank of Russia raised its benchmark interest rate by 100 basis points to 19%. United States Import and Export Prices Aug. 2024: -0.3% m/m U.S. import prices dropped 0.3% in August following monthly increases of 0.1% in the previous two months. Canada Industrial Capacity Utilization 2024Q2: 79.1% Industrial capacity utilization edged higher to 79.1% in the second quarter, up from 78.6% in the first quarter. Canada Wholesale Trade Jul. 2024: 0.9% m/m Wholesale trade (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) increased 0.4% to C$82.7 billion in July. World Moody's Analytics Global GDP 2024Q2: 3.1% q/q SAAR Global GDP remained stable in the second quarter of 2024. United States University of Michigan Consumer Sentiment Survey Sep. 2024: 69.0 The preliminary estimate of the University of Michigan’s consumer sentiment index surprised to the upside in September, rising 1.1 points from the previous month to 69. Peru Monetary Policy Sep. 2024: 5.25% Citing a sustained drop in headline and core inflation and well-anchored expectations, the Central Reserve Bank of Peru cut the policy rate for the third consecutive month, with the 25-basis point decrease bringing the rate to 5.25%. China Fixed-Asset Investment Aug. 2024: China Industrial Production Aug. 2024: China Retail Sales Aug. 2024: » VIEW MORE ECONOMIC INDICATORS |