Economy.com: Daily Update
| Today's Economy
Economic Roundup: A Quickly Cooling U.S. Housing Market New-home sales slowed more severely than anticipated in July. LatAm Daily Briefing: Chile’s Monetary Policy Mistake Reducing rate hikes has curbed demand but kept inflation in double-digit territory. Europe Daily Briefing: PMI Falls Again The euro zone’s PMI fell deeper into contractionary territory. Asia-Pacific Daily Briefing: Bank Indonesia Finally Off the Bench Singapore's consumer prices hit a 14-year high. » VIEW MORE TODAY'S ECONOMY
Commentary
The Limits of U.S. Household Formations Housing unaffordability, declining births and low immigration are behind our lowered projections. Canada Risk Matrix: Prices' Peril Despite some recent improvement, inflation and interest rates remain issues of great concern. Euro Zone Risk Matrix: The 'No-Flow' Scenario Worries rise as Gazprom said it would close a natural gas pipeline for unscheduled maintenance. Regional Takeaways on Strong July Employment State and regional jobs data also suggest no recession, but gaps across the U.S. persist. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Consumer Price Index
Jul. 2022: 7% y/y
Singapore’s headline inflation rose by 7% y/y in July, largely in line with expectations. Finland
Unemployment rate
Jul. 2022: 6.6%
Finland’s not seasonally adjusted unemployment rate dropped to 6.6% in July from 7.1% a year earlier. Indonesia
Monetary Policy
Aug. 2022: 3.75%
Bank Indonesia began monetary policy normalisation at its August meeting, raising the seven-day reverse repurchase rate by 25 basis points to 3.75%. Taiwan (China)
Industrial Production
Jul. 2022: 1.1%
Taiwan’s industrial production grew 1.1% year on year in July, compared with a downwardly revised 0.5% year-on-year growth reading in June. United States
Philadelphia Fed Nonmanufacturing Survey
Aug. 2022: -0.1
Nonmanufacturing activity in the Federal Reserve’s Third District cooled in August. United States
Richmond Fed Manufacturing Survey
Aug. 2022: -8
Manufacturing activity in the Richmond Federal Reserve District slowed in August. United States
New-Home Sales
Jul. 2022: 511,000 SAAR
U.S. new-home sales were weaker than expected in July. United States
Moody’s Analytics Policy Uncertainty Index
August 19:
Argentina
Economic Activity Indicator
Jun. 2022: 6.4% y/y
Argentina’s statistics office’s monthly economic activity index, IMAE, increased 6.4% y/y in June, after 7.4% in the previous month. » VIEW MORE ECONOMIC INDICATORS |
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