| Today's Economy
Economic Roundup: Powell Pulls It Off Jackson Hole speech was dovish and he divorces tapering from rate hikes. Canada Weekly: Riding the Waves After a COVID-19 wave last spring, the economic recovery is back on track. Geopolitical Risk Calendar: Europe’s Asylum Policy Takes Center Stage Belarus uses Afghan migrants to create tensions at its borders with EU nations. Still Solid, but Our U.S. Growth Estimate Drops A decline in real consumer spending was the big blow to our GDP model's estimate for the third quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, August 27, 2021 Mexico and Brazil get GDP boosts; Chile and Peru experience growth. Europe Weekly Highlights and Preview, 27 August, 2021 As we will see, business and consumer sentiment in the euro zone likely weakened in August. U.S. COVID-19 Tracker Update: Infections Up, Confidence Down Some of the high-frequency data have begun to soften, though the change hasn’t been enormous or abrupt. APAC Outlook: No Straight Line to Recovery The COVID-19 Delta variant is slowing this year's second half and challenging policy effectiveness. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Jul. 2021: MYR13.7 bil
Malaysia’s trade surplus eased to MYR13.7 billion in July, from MYR22.3 billion in June. United States
Moody's CMBS Delinquency Tracker
Jul. 2021: 6.67%
The Moody’s Delinquency Tracker total delinquency rate inched down 1 basis point to 6.67% in August. Norway
Retail Sales
Jul. 2021: -3.9% m/m
Norway’s retail sales, excluding autos and fuel, dropped by 3.9% m/m in July after decreasing by 0.3% in June. Sweden
GDP
2021Q2: 0.9% q/q
Sweden’s GDP grew by 0.9% q/q in the second quarter, adding to the 0.8% increase in the first quarter. Sweden
Retail Sales
Jul. 2021: -1.2% m/m
Sweden’s retail sales decreased by 1.2% m/m in July, deepening the 0.7% decline in June. Mexico
Trade Balance
Jul. 2021: -US$4,062.9 mil
Mexico’s trade balance turned negative in July as exports moderated significantly and imports rebounded. Ireland
Retail Sales
Jul. 2021: -4.7% m/m
Irish retail sales excluding motor trades dropped by 4.7% m/m in July, following strong growth of 8.1% in June and 7.8% in May. Canada
Industrial Product and Raw Materials Price Indexes
Jul. 2021: -0.4% m/m
Producer prices pulled back in July, but the slight drop should not be taken as a sign that inflation will be cooling quickly. United States
International Trade in Goods - Advanced
Jul. 2021: -$86.4 bil
The U.S. nominal-goods deficit narrowed in July, suggesting that net exports could be a smaller drag on third-quarter GDP than that estimate by our high-frequency GDP model. United States
Personal Income
Jul. 2021: 1.1% m/m
Nominal personal income rose by 1.1% in July, more than our above-consensus forecast expected. United States
PCE Deflator
Jul. 2021: 0.4% m/m
U.S. inflation moderated slightly in July, but the monetary policy implications are minimal as the Federal Reserve believes it has achieved its inflation objective, though the labor market is far from complete. United States
Real Personal Spending
Jul. 2021: -0.1% m/m
Spending in July highlighted consumers desire to increase service spending. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
August 25: 92.5
Things remain stagnant for the Moody’s Analytics and CNN Business Back-to-Normal Index. United States
University of Michigan Consumer Sentiment Survey
Aug. 2021: 70.3
Though the acceleration in inflation is temporary, it—along with the jump in COVID-19 cases—appears to be taking a severe toll on consumer sentiment. United States
Advance Wholesale and Retail Inventories
Jul. 2021: 0.6% m/m
Wholesale inventories climbed 0.6% m/m in July following an upwardly revised 1.2% m/m gain in June. » VIEW MORE ECONOMIC INDICATORS | 