| Today's Economy
Economic Roundup: What a Day Many key economic data for the U.S. and China were released on Thursday. Capital Market View: Not the Surprises Markets Want Global economic data have come in weaker than expected, but don't be gloomy on the outlook. False Start for Tourism as Spain Faces Fourth Wave Average daily COVID-19 cases have tripled over the past two weeks. LatAm Daily Briefing: Brazil Can Still Hike Markets are calling for further interest rate increases, since they anticipate inflation ending the year still around 6%. » VIEW MORE TODAY'S ECONOMY
Commentary
State UI Cuts Don't Look Like the Answer Numerous real-time sources show practically no benefit from ending additional $300 per week so far. Greece Outlook: Delta Variant Threatens Recovery The path of the virus will shape future growth. U.K. Risk Matrix Update: Recovery Mode Pandemic-related risks remain low, while EU-U.K. trade relations are on the ropes. U.S. COVID-19 Tracker Update: Cooler Growth, Cooler Inflation Ahead The reopening of the economy and new- and-used-vehicle prices were responsible for 55.6% of the increase in the headline CPI in June. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Foreign Trade
Jun. 2021: US$1.32 bil
Indonesia's trade surplus narrowed to $1.32 billion in June, the lowest in a year. Japan
Retail Sales
May. 2021: 8.3% y/y
Belgium
Consumer Price Index
Jun. 2021: 1.6%
Consumer price growth in Belgium crept higher in June, rising to 1.6% y/y from 1.5% y/y in May. United Kingdom
Unemployment
May. 2021: 4.8%
U.K. unemployment fell to 4.8% during the three months to May, compared with 5.0% in the previous stanza. Italy
Consumer Price Index
Jun. 2021: 1.3%
Italy’s headline inflation rate held steady at 1.3% y/y in June, as goods prices continued to grow by 1.9% y/y while services inflation accelerated to 0.6% y/y from 0.4% previously. Belgium
Industrial Production
May. 2021: 10.0%
Belgium's industrial production index advanced by a robust 10% in May on a year-ago basis. Canada
ADP Canada National Employment Report
Jun. 2021: -294,219
ADP Canada’s National Employment Report found that employers shed payrolls in June, which may reflect timing differences between the labor force and payroll surveys. Canada
New Motor Vehicle Sales
May. 2021: 30.8%
Canadian purchases of cars and trucks fell again in May, marking the second consecutive month of decline. United States
Moody's Analytics Beige Book Index
Jul. 2021: 198.6
The Moody’s Analytics Beige Book Index rose to 198.6 in July from 156.9 in June. United States
Jobless Claims
July 10: 360,000
U.S. initial claims for unemployment insurance are trending lower again. United States
Import and Export Prices
Jun. 2021: 1.0% m/m
The U.S. continues to import inflation as higher commodity prices and supply-chain issues are pushing import prices higher. United States
NY Empire State Manufacturing Survey
Jul. 2021: 43
To call July a good month for New York's factories would be a vast understatement. United States
Philadelphia Fed Survey
Jul. 2021: 21.9
The Philadelphia Fed’s manufacturing index remains firmly in expansionary territory, though it decelerated from June to July. India
Foreign Trade
Jun. 2021: -US$9.37 bil
India’s merchandise trade deficit shot up to $9.37 billion in June from $6.28 billion in May. United States
Industrial Production
Jun. 2021: 0.4% m/m
U.S. industrial production increased 0.4% in June, a touch lighter than our forecast for a 0.5% gain. United States
St. Louis Fed Financial Stress Index
July 09: -0.89
Financial stress edged higher last week but remains near historic lows. United States
Natural Gas Storage Report
July 09: 55 bil cubic feet
The increase in natural gas stocks last week was a hair above analysts' predictions, suggesting that this report should weigh only slightly on prices. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Jun. 2021: 37.0 weeks, NSA
New-vehicle affordability declined in June. Peru
Unemployment
Jun. 2021: 10.3%
The Lima job market turned in another strong performance in June, easing fears that the latest pandemic wave would carve a larger hole in employment and incomes. Singapore
Foreign Trade
Jun. 2021:
Colombia
Industrial Production
May. 2021: 8.6% y/y
Nationwide street protests had a massive negative impact on the manufacturing sector in May. Argentina
Consumer Price Index
Jun. 2021: 50.2% y/y
The statistics office’s national consumer price index increased 3.2% in June, up from 2.2% a year earlier. New Zealand
Consumer Price Index
2021Q2:
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