| Today's Economy
Capital Market View: Bond Market Takes August Employment in Stride Less liquidity ahead of the holiday could be behind the rise in rates. Geopolitical Risk Calendar: Japan’s Prime Minister Resigns Already facing a tough election, Suga decides to step down. Europe Daily Briefing: U.K. to Raise National Insurance Contributions The proposed tax rise would cover rising social care costs. Asia-Pacific Daily Briefing: Another PM Bites the Dust in Japan Suga will resign, increasing uncertainty ahead of the upcoming national elections. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 3 September, 2021 Household consumption likely led to a rise in euro zone GDP. Asia-Pacific Weekly Highlights and Preview, September 3, 2021 Latest COVID-19 outbreak in Australia will likely keep the RBA's policy steady. Latin America Weekly Highlights and Preview, September 3, 2021 Inflation rears its head across the region in response to price pressures. A Flood of Additional Damage Increases Ida’s Toll The storm’s march through the Northeast has roughly tripled its price tag. » VIEW MORE COMMENTARY
Today's Economic Indicators
Austria
Retail Sales
Jul. 2021: -2.5% y/y
After five consecutive months of growth, Austrian retail sales tumbled by 2.5% y/y in July. Euro Zone
Retail Sales
Jul. 2021: -2.3% m/m
Retail sales excluding motor vehicles dropped by 2.3% m/m in July after an upwardly revised increase of 1.8% m/m in June. Belgium
Retail Sales
Jul. 2021: -5.8% m/m
Belgian retail sales decreased 5.8% month to month in July. Canada
Building Permits
Jul. 2021: -3.9% m/m
Construction permitting activity was down slightly in July, adding further evidence that the housing market is slowly starting to cool down. United States
Employment Situation
Aug. 2021: 235,000 m/m, ths
Payroll employment gains dropped sharply in August to 235,000, about half of what we had expected, which was already well below consensus. United States
ISM Nonmanufacturing Index
Aug. 2021: 61.7
After July’s record-high reading of 64.1, the ISM Nonmanufacturing Index declined 2.4 percentage points in August to 61.7. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
September 01: 93.1
The Moody’s Analytics & CNN Business Back-to-Normal Index inched down this week from a revised 93.4 to 93.1. Uruguay
Consumer Price Index
Aug. 2021: 7.6% y/y
Uruguayan inflation rose above the 7% upper limit for the third consecutive month and came in at 7.59% in August. United States
Semiconductor Billings
Jul. 2021:
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