| Today's Economy
Economic Roundup: Two Surprises in One July retail sales were solid while revisions were also favorable. Q3 U.S. GDP Looking Better We now have growth for the current quarter tracking 2.6%. U.S. Survey-Based Data Perk Up in August Surveys can create a sense of false hope. U.S. Retail Sales Show Signs of Life July was decent and there were favorable revisions to prior months. » VIEW MORE TODAY'S ECONOMY
Commentary
Scandinavia Outlook: Uneven Growth, but a Positive Future The Nordic countries are charting different paths. U.S. Chartbook: Lowflation Persists Labor market and growth conditions will suffice for the Fed to start normalizing its balance sheet. U.S. Employment Outlook: Where Are the Mid-Wage Jobs? As the expansion has matured, the distribution of employment across wage tiers has shifted. U.S. Weekly Highlights and Preview, August 11, 2017 Retail sales will be decent, while FOMC minutes will show a decision on the balance sheet is near. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Preliminary GDP
2017Q2: 0.6%
German output continued to advance robustly in the second quarter, growing by 0.6% q/q, after expanding by a revised 0.7% at the start of the year. United Kingdom
Consumer Price Index
Jul. 2017: 2.6%
The U.K.’s inflation rate fell slightly short of the consensus and held steady at 2.6% in July, as price growth fell modestly by 0.1% in monthly terms. Brazil
Retail Sales Index
Jun. 2017: 3.0%
Brazil’s household consumption advanced in June as the economy’s prospects improved. Peru
Unemployment
Jul. 2017: 7.1%
The jobless rate for the Lima metropolitan area rose slightly for the three months ended in July, resting at 7.1%. Canada
New Motor Vehicle Sales
Jun. 2017: 6.8%
The number of new motor vehicles sold fell by 6.1% from May to 207,008 in June, with both new-car and new-truck sales declining. United States
Import and Export Prices
Jul. 2017: 0.1%
There is little evidence of inflation pressures from U.S. import prices, as they rose 0.1% in July, in line with consensus expectations and a little more than our forecast for no change. United States
NY Empire State Manufacturing Survey
Aug. 2017: 25.2
August was a strong month for factories in New York. United States
Retail Sales
Jul. 2017: 0.6%
Retail sales rebounded in July, with new data suggesting stronger consumer spending than previously thought. Russian Federation
Industrial Production
Jul. 2017: 1.1%
Russian industrial production came in 1.1% higher y/y in July, much weaker than the 3.5% gain in June, and the lowest reading since March. United States
Business Inventories (MTIS)
Jun. 2017: 0.5%
Stockpiles closed the second quarter on a high note. United States
NAHB Housing Market Index
Aug. 2017: 68
Homebuilder sentiment moved upward in August, rising 4 points from July to 68. United States
Moody’s Analytics Policy Uncertainty Index
August 11: 96.4
Policy uncertainty has declined, but it remains significantly higher than normal. Colombia
GDP
2017Q2: 1.3%
The Colombian economy expanded below capacity in the second quarter amid a sharp contraction in oil and mining output. China
Monetary Aggregates
Jul. 2017:
Indonesia
Foreign Trade
Jul. 2017:
India
Foreign Trade
Jul. 2017:
United States
Treasury International Capital Flows
Jun. 2017: $34.4 bil
Net long-term inflows retreated in June following May’s surge, but inflows remained respectable. » VIEW MORE ECONOMIC INDICATORS | 
