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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.

Wednesday, September 04, 2024

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

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