| Today's Economy
Economic Roundup: Factories Still Feeling Blue Latest reading of the ISM manufacturing index signals ongoing pessimism among U.S. manufacturers. Euro Zone Inflation Drop Hides Only Okay Details Euro zone inflation has dropped, but that was all due to energy, with the rest of the basket mostly disappointing. LatAm Daily Briefing: Potential Mercosur-EU Trade Deal Offers Opportunity The five-nation LatAm bloc has sought an agreement for two decades. Europe Daily Briefing: Swiss Peaks Switzerland’s GDP beat our forecast for the second quarter, while inflation eased. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Easing In for a Soft Landing With no surprises in July’s PCE deflator data, the Federal Reserve can begin normalizing interest rates this month. Foreign Direct Investment Flows to Vietnam Defy Political Turbulence Vietnam’s economy continues to lure investors. China Chartbook: Supports Incoming Government support has been meek this year, but spending is set to finish the year strongly. U.S. Weekly Highlights and Preview, August 30, 2024 Our call for a 190,000-job payroll gain in August is above consensus and is owed to several factors. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Consumer Price Index
Aug. 2024: 1.1%
Switzerland’s headline inflation eased to 1.1% y/y in August from 1.3% in July. Switzerland
GDP
2024Q2: 0.5% q/q
Switzerland’s GDP gained 0.5% q/q in the second quarter of the year, expanding on a 0.3% rise in the preceding stanza. Mexico
Employment Situation
Jul. 2024: 2.9% Unemployment
Mexico’s unemployment rate continued to trend up in July as the economy lost steam in the absence of political spending after the elections. Brazil
GDP
2024Q2: 3.3% y/y
Brazil's economy continued to grow in the second quarter, aligning more closely with its potential capacity. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Aug. 2024: -5.5% y/y
The used-vehicle price index in Australia fell 5.5% year over year in August, following a 6% decline in the previous month. United States
Construction Spending (C30)
Jul. 2024: -0.3% m/m
Construction spending in the U.S. was estimated at a seasonally adjusted annualized rate of $2.163 trillion in July. World
Moody's Analytics Survey of Business Confidence
August 30: 24.0
Global businesses are feeling pretty good. United States
ISM Manufacturing Index
Aug. 2024: 47.2
U.S. manufacturing activity contracted again in August. Peru
Consumer Price Index
Aug. 2024: 2.0% y/y
The consumer price index for the Lima metropolitan area, a barometer of price pressures at the national level in Peru, rose 2% in August on a year-ago basis. United States
Vehicle Sales - BEA
Aug. 2024:
United States
Agricultural Prices
Jul. 2024: -2.7% m/m
The Agricultural Prices Index declined in July, interrupting a period of continuous growth that had persisted since January of this year. United States
Semiconductor Billings
Jul. 2024:
Chile
Monetary Policy
Sep. 2024:
Australia
GDP
2024Q2:
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