Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Thursday, September 30, 2021

Today's Economy


Economic Roundup: U.S. Past Peak Growth

The Q2 GDP estimate was revised up, but growth slowed in the second half of 2021.

Capital Market View: Corporate Bond Market Weathers Rise in 10-Year

Investment-grade bonds would be hurt more if long-term rates spike.

One U.S. Fiscal Risk Down, Two More to Go

The risk of shutdown has abated, but uncertainty still surrounds the debt limit and the Build Back Better agenda.

LatAm Daily Briefing: Mexico’s Monetary Approach Doesn’t Scare Inflation

The central bank's gradual increases in rates haven't slowed inflation.

» VIEW MORE TODAY'S ECONOMY



Commentary


State Economies Feel Delta’s Fallout

Weakness in real-time data was more pronounced in virus hot spots.

Global Vaccine Tracker: U.S. Will Open to More Travelers

Latin America still falls well short of the vaccination rate needed to protect from any new severe wave of COVID-19 infections.

Emerging Market View: As Leviathan Churns

Financial tremors in China shake the globe.

U.S. Chartbook: Summer’s End, Changes at the Fed Impend

Homebuilders have been busy working through their backlogs but have seen some easing in supply issues.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Netherlands
Retail Sales
Aug. 2021: 0.9% y/y
Retail trade growth decelerated to 0.9% y/y in August from a downwardly revised 2.8% increase in July as level effects continued to wane.

Denmark
Unemployment rate
Aug. 2021: 3.6%
Denmark's labor market is showing even more strength.

France
Household Consumption Survey
Aug. 2021: 1.0% m/m
France’s household consumption of goods rebounded by 1% m/m in August following July’s 2.4% decrease.

Spain
Retail Sales
Aug. 2021: -0.2% m/m
Spain’s retail sales decreased by 0.2% m/m in seasonally adjusted terms in August.

Thailand
Foreign Trade
Aug. 2021: US$1.9 bil
Strict social distancing measures have taken a toll on Thailand’s trade position.

Italy
Unemployment
Aug. 2021: 9.3%
Italy’s employment situation was stable in August.

Germany
Unemployment
Sep. 2021: 5.5%
Germany’s unemployment rate was unchanged in September at 5.5%.

Hong Kong SAR (China)
Retail Sales
Aug. 2021: 11.9% y/y
Year on year, Hong Kong retail sales rose 11.9% to HK$28.6 billion in August, compared with 2.9% growth in July.

Euro Zone
Unemployment
Aug. 2021: 7.5%
The euro zone’s unemployment rate decreased to 7.5% in August from 7.6% in July.

Portugal
Industrial Production
Aug. 2021: -9.0%
Portuguese industrial production plunged by 9% y/y in August, compared with the 0.8% y/y uptick in July.

Brazil
Employment Situation
Jul. 2021: 13.7%
Brazil’s unemployment rate adjusted down again in July as the economy’s recovery advanced.

Chile
Employment
Aug. 2021: 8.5%
Chile's national unemployment rate averaged 8.5% in the June-August rolling quarter, down from 12.9% a year earlier.

Chile
Manufacturing Production
Aug. 2021: 10.56% y/y
Chile’s industrial production advanced further in August, pushing the economy’s recovery further.

Canada
Earnings, Hours and Employment
Jul. 2021: 1.8% y/y
Payroll employment rose by 324,800 in July, marking a 2% month-to-month increase, according to the Survey of Employment, Payroll and Hours. Average weekly earnings increased by 1% to C$1,133.

United States
Jobless Claims
September 25: 362,000
U.S. initial claims for unemployment insurance unexpectedly increased in the week ended September 25 as this wave of COVID-19 weighs on some states more than others.

United States
GDP
2021Q2: 6.7%, q/q, SAAR
U.S.

United States
Industry GDP
2021Q2: 6.3 ppt, SAAR
GDP accelerated at an annualized rate of 6.7% in the second quarter.

United States
St. Louis Fed Financial Stress Index
September 24: -0.80
Financial market stress increased substantially last week with the St.

Chile
Retail & Wholesale Sales
Aug. 2021: 22.2% y/y
Chilean consumers came in hot in August, pushing retail sales to a new high.

World
Moody's Analytics Global Risk of Recession
Sep. 2021: 13.1%
Global recession risk continues to decline despite the rise of the Delta variant.

United States
Natural Gas Storage Report
September 24: 88 bil cubic feet
The increase in gas stocks last week closely matched analyst predictions, so this report will have little effect on gas prices.

Belgium
Unemployment
Aug. 2021: 6.4%
Belgium’s seasonally adjusted unemployment rate rose slightly in August to 6.4% from July's upwardly revised 6.2% figure.

Colombia
Monetary Policy
Sep. 2021: 2.00%
Colombia’s central bank hiked the reference interest rate by 25 basis points to 2% after September’s regular meeting.

Mexico
Monetary Policy
Oct. 2021: 4.75%
The Bank of Mexico continued to normalize monetary conditions in September as inflation remains high.

United States
Agricultural Prices
Aug. 2021: 2.3% m/m
The agricultural sector revved back up in August.

Japan
Employment Situation
Aug. 2021:

Japan
Tankan Survey
2021Q3:

South Korea
Foreign Trade
Sep. 2021:

» VIEW MORE ECONOMIC INDICATORS

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