Economy.com: Daily Update
| Wednesday, August 21, 2024 |
| Today's Economy
Economic Roundup: New Read on U.S. Labor Market Is Mostly Old News Substantial downward revision looms for jobs numbers, but will do little to change the outlook. LatAm Daily Briefing: Mexico’s Economic Roller Coaster Descends The nation’s usual post-election economic slump sets in. Substantial Downward Revision Looms for U.S. Job Numbers Employment growth from April 2023 to March 2024 is weaker than previously assumed. Europe Daily Briefing: Energy Costs Slow German PPI Production costs picked up despite still-weak demand for industrial goods. » VIEW MORE TODAY'S ECONOMY
Commentary
Is Canada Going Off the Rails? We estimate the economic damage of a full-fledged rail-worker strike at C$341 million per day. Euro Zone Risk Matrix: Financial Markets, Geopolitics in the Spotlight We expect more ups and downs in European equities over the next year, but these will not precipitate liquidity events. U.S. Credit Outlook: Modest Easing Data from the Senior Loan Officer Opinion Survey, conducted by the Fed, show lenders have marginally increased the flow of credit during the third quarter. Economic Challenges Greet Thailand’s New Prime Minister As the government hasn't changed, we expect policy continuity. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Aug. 2024: 2.5%
The Bank of Thailand’s Monetary Policy Committee voted to keep its policy rate at 2.5% at its August meeting. Indonesia
Monetary Policy
Aug. 2024: 6.25%
Bank Indonesia held its BI-rate at 6.25% at its August meeting, matching our expectations. United States
MBA Mortgage Applications Survey
August 16: -10.1%
After jumping in the previous week, mortgage activity cooled in the week ended August 16. Canada
Industrial Product and Raw Materials Price Indexes
Jul. 2024: 0.0% m/m
The Industrial Product Price Index remained flat in July, maintaining a pattern of little to no change since April. United States
Quarterly Services Survey
2024Q2: 1.4% q/q
In the second quarter, revenue growth in U.S. service industries decelerated after a strong start to the year. United States
Oil Inventories
August 16: 426.0 mil barrels
Oil inventories had a larger than expected draw, which could put upward pressure on prices. United States
FOMC Minutes
Jul. 2024:
Minutes from the Federal Open Market Committee’s July meeting show an increased degree of confidence among policymakers that inflation is returning to target. Argentina
Economic Activity Indicator
Jun. 2024: -3.92% y/y
The statistics office’s monthly economic activity index fell 3.9% year on year in June after increasing 1.9% in the previous month. South Korea
Monetary Policy
Aug. 2024:
» VIEW MORE ECONOMIC INDICATORS |
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