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 |