Today's Economy LatAm Daily Briefing: Accelerating Inflation Threatens Uruguay's 2024 Recovery Despite inflation pressures, a positive outlook is still likely. Economic Roundup: Hires Off Cycle Low After hitting a multiyear low in June, the hire rate edged up in July, according to the JOLTS report. Slower but Still Steady Our third-quarter high-frequency GDP estimate cooled to 1.9%. Europe Daily Briefing: Producer Prices Firming Up The rate of deflation for producer prices continues to ease. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Inflation Tracker: Another Good Month The inflation outlook is solidly positive. Don’t Get Carried Away With Yen’s Recovery The yen could yet be a punching bag for speculators. China’s ‘New Three’ Push to Boost Mining Investment in Africa Chinese FDI in Africa will also favour construction and logistics. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Austria GDP 2024Q2: -0.4% q/q Austrian GDP fell by 0.4% in the second quarter, following a downwardly revised 0.1% increase in the first. United States MBA Mortgage Applications Survey August 30: 1.6% Mortgage activity has increased for several consecutive weeks, including five of the last six. Brazil Industrial Production Jul. 2024: 3.9% y/y Industrial production advanced further in July fueled by the manufacturing recovery and construction. United States International Trade (FT900) Jul. 2024: -$78.8 bil The U.S. trade deficit in goods and services widened to $78.8 billion in July, $5.8 billion larger than the $73 billion June deficit and in line with consensus expectations. Canada International Merchandise Trade Jul. 2024: C$ 0.68 bil In July, Canada's merchandise imports fell 1.7% while exports dipped lower by 0.4%. Canada Monetary Policy Sep. 2024: 4.25% The Bank of Canada continued its easing cycle in September with another rate cut. United States Factory Orders (M3) Jul. 2024: 5.0% m/m In July, U.S. factory orders jumped 5% from the month before. United States Monthly GDP Jul. 2024: -0.1% m/m Real GDP slipped 0.1% in July, according to the Moody’s Analytics monthly estimate. United States Job Openings and Labor Turnover Survey Jul. 2024: 7,673 ths According to the Job Openings and Labor Turnover Survey, job openings took a step back in July, falling from a downwardly revised 7.9 million in June to 7.7 million in July. Uruguay Consumer Price Index Aug. 2024: 5.57% y/y Annual inflation in Uruguay slightly accelerated in August, continuing the streak of increases that started in May. United States Beige Book Sep. 2024: U.S. economic activity was more or less unchanged from early July to the end of August, according to business anecdotes collected from the 12 Federal Reserve districts. Philippines Consumer Price Index Aug. 2024: Australia Foreign Trade Jul. 2024: Thailand Consumer Price Index Aug. 2024: » VIEW MORE ECONOMIC INDICATORS |