| Today's Economy
Canada Weekly: What’s at Risk With NAFTA Renegotiations? There is little to gain and much to lose from upending the current trade arrangement. Russian Q2 GDP Strength Surprises as Investment Firms Up The 2.5% y/y preliminary figure is well ahead of the first quarter gain. Economic Briefing: Modest Gain in U.S. CPI Expected Headline inflation likely rose 0.2% m/m in July; only a slight increase in food prices is assumed. LatAm Weekly: Andean Frost As winter draws to a close, the economies of Chile, Peru and Colombia remain in a deep freeze. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 11 August, 2017 Chances are that the coming week’s renewed barrage of U.K. data will add to the past week’s disappointments. Macro Roundup: Subdued but Stable Chinese Inflation Food is the main driver of volatility in consumer prices; CPI and PPI are correlated, not causal. NAFTA’s Economic Benefits Are Manifold Mexico seems to have benefited the most, but the economic gap remains wide. Latin America Economic Preview: 14-18 August Second quarter GDP figures for Peru, Colombia and Chile will show persistent weak economic growth. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global CPI
Jul. 2017: 0.3%
There was a modest improvement in global inflation in July but it’s premature to sound the all-clear. Germany
Consumer Price Index
Jul. 2017: 1.7%
Germany's annual national measure of inflation accelerated to 1.7% in July, seasonally adjusted, from a revised 1.6% in June. France
Consumer Price Index
Jul. 2017: 0.8%
France's annual harmonised inflation stayed steady at 0.8% in July, but decelerated by 0.3% on a month-ago basis because summer sales tamped down the prices of manufactured goods. Spain
Consumer Price Index
Jul. 2017: 1.5%
Spain’s headline CPI was unchanged at 1.5% y/y in July. Italy
Consumer Price Index
Jul. 2017: 1.2%
Italy’s annual EU-harmonized inflation remained unchanged from the previous month at 1.2% in July. Hong Kong
GDP
2017Q2: 1%
Hong Kong's economy grew 1% q/q in the second quarter, accelerating from a 0.7% increase in the first quarter. India
Industrial Production
Jun. 2017: -0.1%
United States
Consumer Price Index
Jul. 2017: 0.1%
U.S. inflation continues to come in light, but we don’t believe it will have any implications for when the Fed will announce plans to begin normalizing its balance sheet, which we expect to occur in September. Mexico
Industrial Production
Jun. 2017: -0.3%
Industrial production fell 0.3% on a year-ago basis in June, reflecting strains in extractive industries and subdued domestic demand. Russian Federation
Foreign Trade
Jun. 2017: US$8.7 bil
Russia’s merchandise trade surplus rose slightly in June, reaching $8.7 billion from $8.5 billion in May. United States
ECRI Weekly Leading Index
August 04: 144.3
The U.S. expansion will continue over the coming quarters, but gains will moderate as the expansion matures. Uruguay
Industrial Production
Jun. 2017: -11.7%
Industrial production continues to post sharp declines. United States
CreditForecast.com Household Credit Report
Jul. 2017: 3.7%
Total U.S. household borrowing grew 3.72% year over year in July, dropping 34 basis points from 4.06% in June. » VIEW MORE ECONOMIC INDICATORS | 
