| Today's Economy
Economic Roundup: U.S. Consumer Sentiment Improves Modestly Reasons for optimism are being tempered by the impact of a softening labor market. LatAm Daily Briefing: Mixed Economic Performances in Second Quarter Despite varying results, the region overall will grow this year. Europe Daily Briefing: Stop and Drop Germany’s GDP shrinks, as does consumer confidence. Asia-Pacific Daily Briefing: Chinese Industrial Profits Up 3.6% y/y in Jan-Jul Contrary to expectations, large producers have retained most of their profit margins. » VIEW MORE TODAY'S ECONOMY
Commentary
All About E-commerce U.S. online sales have been growing at a much faster rate than brick-and-mortar retail. U.S. Employment Revisions and Regional Economies We draw a rough footprint of expected downward adjustments to job numbers in light of preliminary benchmark revisions from the BLS. Spain Outlook: After a Stellar First Half Downside risks threaten to hold up the economic recovery; GDP is set to slow but still outperform the euro zone. U.S. Chartbook: All Signs Point to a Rate Cut Economic indicators last week confirmed that the economy is slowing, although no hints of undue weakness have crept in yet. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
GDP
2024Q2: -0.1% q/q
Germany’s top level 0.1% contraction in GDP was confirmed for the second quarter. Hong Kong SAR (China)
Foreign Trade
Jul. 2024: -HKD21.8 bil
Hong Kong’s merchandise trade deficit was HKD21.8 billion in July, narrowing from HKD55.7 billion in June. Mexico
Trade Balance
Jul. 2024: -US$72.0 mil
The trade account remained in negative territory in July even though exports advanced more quickly than imports. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Jun. 2024: 6.5% y/y
House price appreciation decelerated in June, according to the S&P CoreLogic Case-Shiller Home Price Index. United States
FHFA Purchase-Only House Price Index
Jun. 2024: 5.1% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index rose 5.1% on a year-ago basis in June, although house prices fell 0.1% on a monthly basis. United States
Richmond Fed Manufacturing Survey
Aug. 2024: -19
Manufacturing activity in the Fed’s Fifth District weakened again in August, according to the Richmond Fed Manufacturing Survey. United States
Conference Board Consumer Confidence
Aug. 2024: 103.3
Consumers felt slightly more upbeat in August. United States
Texas Service Sector Outlook Survey
Aug. 2024: 8.7
Texas service sector activity grew at a moderate pace in August, about the same as in July. Australia
Consumer Price Index
Jul. 2024:
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