| Today's Economy
A Wobbly Start for U.S. Trade Trade should still add to Q3 GDP while revisions lowered our estimate of Q2 GDP. Harvey's Toll Already Looks Steep Hurricane is poised to take its place among the costliest recent natural disasters. Hurricane Harvey and the U.S. Economy The regional toll will be high, but it's unlikely a macroeconomic event. Economic Briefing: Central Bankers Quiet on Policy Direction The Fed and ECB reiterated their gradual approaches to unwinding stimulus at Jackson Hole. » VIEW MORE TODAY'S ECONOMY
Commentary
Oil Traders Are Getting It Wrong Energy traders are right to price gasoline more expensively but wrong to send down the entire WTI futures curve. U.S. Weekly Highlights and Preview, August 25, 2017 Take the under on August employment. U.S. Chartbook: Housing Leaves Something to be Desired Housing market data came in soft in July. Europe Weekly Highlights and Preview, 25 August, 2017 Coming data will give important clues about how major euro zone economies started off the third quarter. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Monetary Aggregates
Jul. 2017: 4.5%
The seasonally adjusted annual growth of the euro zone’s M3 money supply was 4.5% y/y in July, down from 5% the previous month. Italy
Consumer and Business Confidence
Aug. 2017: 107
Italy’s business and consumer confidence improved in August, in line with other forward-looking indicators. Germany
Ifo Business Climate Index
Aug. 2017: 115.9
The German Ifo Business Climate Index retreated marginally in August, dipping to 115.9 after climbing to a record high of 116 in July. United States
Advance Wholesale and Retail Inventories
Jul. 2017: 0.4%
The inventory build has moderated, but it is still on track to add to output in the third quarter. United States
International Trade in Goods - Advanced
Jul. 2017: -$65.1 bil
An increase in the advance goods deficit signaled a lackluster start to the third quarter. Mexico
Trade Balance
Jul. 2017: -US$1,522.6 mil
Mexico’s trade balance returned to negative territory in July as imports surpassed the value of exports. World
Moody's Analytics Survey of Business Confidence
August 25: 32.0
Global business sentiment is strong and unwavering. United States
Texas Manufacturing Outlook Survey
Aug. 2017: 17.0
Data for the August Texas Manufacturing Outlook Survey were collected between August 15-23, just before the arrival of Hurricane Harvey. Japan
Employment Situation
Jul. 2017:
Japan
Household Expenditures Survey
Jul. 2017:
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