| Today's Economy
Economic Roundup: Supply-Chain Frictions Continue to Ease Some of the recent improvement is owed to waning demand. LatAm Daily Briefing: Inflation Shows Brazil’s Monetary Authority Some Respect The central bank’s restrictive policies pay off. Europe Daily Briefing: Norges Bank Hikes Again Norway’s central bank hikes its policy rate to 1.75%. Asia-Pacific Daily Briefing: Aussie Labour Market Stumbles But Doesn't Trip Australian jobs went backwards in July, but the outlook remains strong. » VIEW MORE TODAY'S ECONOMY
Commentary
Sunny Days for Solar Panels The IRA and emerging financial options will accelerate the U.S. adoption of residential solar loans as tax credits are set to be renewed. Japan Risk Matrix: Supply Snags COVID-19 and external disruptions keep the country's recovery wobbly. This Week in the Economy The U.S. economic statistics have suddenly taken on a brighter hue. U.S. Chartbook: In the Right Direction There was welcome news on inflation, but the Fed could have trouble reining in house prices. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Unemployment
Jul. 2022: 3.6%
The Dutch unemployment rate ticked up to 3.6% in July, a 20-basis point increase following a 20-basis point cumulative increase in April. Norway
GDP
2022Q2: 0.7% q/q
From the first to second quarter, Norwegian GDP increased 0.7%. Philippines
Monetary Policy
Aug. 2022: 3.75%
Bangko Sentral ng Pilipinas raised its overnight reverse repo rate by 50 basis points to 3.75%, a move the market widely expected. Austria
Consumer Price Index
Jul. 2022: 9.3% y/y
Bloated by the transportation segment, year-on-year consumer prices increased 9.3% in July, exceeding June’s 8.7%. Norway
Monetary Policy
Aug. 2022: 1.75%
The Norges Bank raised its key policy rate by 50 basis points, to 1.75%, effective 19 August. Euro Zone
Consumer Price Index
Jul. 2022: 8.9% y/y
The euro zone’s HICP inflation rate was confirmed at 8.9% year on year this July, up from 8.6% in June. Canada
Industrial Product and Raw Materials Price Indexes
Jul. 2022: -2.1% m/m
The Industrial Product Price Index saw its largest decline since 2009, dropping 2.1%. Chile
GDP
2022Q2: 5.4% y/y
Chile’s economy reported no advance in the second quarter after a contraction in the previous period, though in annual terms growth moderated slightly. United States
Jobless Claims
August 13: 250,000
U.S. initial claims for unemployment insurance benefits edged lower in the week ending August 13, which includes the payroll reference period. United States
Philadelphia Fed Survey
Aug. 2022: 6.2
The Philly Fed’s Manufacturing Outlook Survey came in stronger than anticipated in August. United States
Existing-Home Sales
Jul. 2022: 4.81 mil, SAAR
Existing-home sales fell 5.9% in July to 4.81 million units annualized, reinforcing the downward trend started at the beginning of 2022 and dropping to their lowest level since summer 2020. United States
St. Louis Fed Financial Stress Index
August 12: -2.15
Financial markets inched higher last week as the St. United States
Conference Board Leading Indicators
Jul. 2022: -0.4%
Despite stronger economic signals elsewhere, the Conference Board Leading Economic Index fell by 0.4% in July, besting consensus expectations of a 0.5% decrease. United States
Natural Gas Storage Report
August 12: 18 bil cubic feet
Last week’s build in gas stocks came in below analyst expectations, which could put some upward pressure on gas prices. New Zealand
Foreign Trade
Jul. 2022:
Japan
Consumer Price Index
Jul. 2022:
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