Today's Economy Economic Roundup: U.S. Economy Likely Bounced Back in Q2 For the Fed, Friday's ECI is likely more important than GDP. Final Thoughts Ahead of Q2 U.S. GDP GDP tracking 3%, but risks are weighted toward a smaller gain. ECB and Czech National Bank Moving Apart While the CNB will likely hike rates next week, the ECB is postponing its tightening. Surprises on U.S. Durable Goods Orders, Inventories, and Trade The economy may have done a little better than expected in the second quarter. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Objectives Increase Possibility of New NAFTA Accord Markets reacted positively to the U.S. guidelines. U.S. Credit Outlook: Job Gains Drive Growth Strong performance in the first-mortgage market is covering weakness elsewhere. Romania Outlook: The Tiger Is Back in Town Output growth will outperform the region's as the expansion matures. Taiwan Outlook: Enjoying the Tech Lift Increased tensions with China pose a downside risk. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain Unemployment 2017Q2: 17.2% Spain’s unemployment rate fell to 17.2% in the second quarter of 2017, down from 18.8% in the previous stanza. Euro Zone Monetary Aggregates Jun. 2017: 5.0% The seasonally adjusted annual growth of the euro zone’s M3 money supply was 5% y/y in June, holding steady from the previous month. Hong Kong Foreign Trade Jun. 2017: -HK$48.3 bil Hong Kong's trade balance fell to -HK$48.3 billion in June from -HK$35.6 billion in May. Russian Federation Business Confidence Jul. 2017: -1.0 Business confidence among Russian manufacturers held steady again in July, with -1% of managers on net responding positively for the fourth month in a row. Canada Earnings, Hours and Employment May. 2017: 2.0% The Canadian labor market stalled in May. United States Advance Wholesale and Retail Inventories Jun. 2017: 0.6% Stockpiles came back in a big way in June. United States International Trade in Goods - Advanced Jun. 2017: -$63.9 bil The advance goods deficit suggests that net exports were a support to growth late in the second quarter. United States Chicago Fed National Activity Index Jun. 2017: 0.13 The pace of U.S. economic growth improved in June. United States Jobless Claims July 22: 244,000 Initial claims for unemployment insurance benefits took a step back in the week ended July 22. United States Durable Goods (Advance) Jun. 2017: 6.5% New orders for durable manufactured goods bounced back in June, increasing a hearty 6.5% from May. Mexico Trade Balance Jun. 2017: US$61.5 mil The trade balance showed a marginal surplus in June as exports advanced faster. United States St. Louis Fed Financial Stress Index July 21: -1.60 The St. United States Housing Vacancies & Homeownership 2017Q2: 63.7% The homeownership rate held steady in the second quarter of 2017. United States Natural Gas Storage Report July 21: 17 bil cubic feet Natural gas inventories increased by less than industry analysts were expecting, which will put upward pressure on prices. United States Kansas City Fed Manufacturing Survey Jul. 2017: 10 The expansion of manufacturing activity in the Kansas City Fed region is holding steady, but expectations of future conditions are moderating. Colombia Monetary Policy Jul. 2017: 5.50% Colombia’s central bank board decided to cut the reference interest rate by 25 basis points at today’s policy meeting. South Korea Industrial Production Jun. 2017: South Korea Retail Sales Jun. 2017: United Kingdom Consumer Confidence Jul. 2017: Japan Consumer Price Index Jun. 2017: Japan Employment Situation Jun. 2017: Japan Household Expenditures Survey Jun. 2017: Japan Retail Sales Jun. 2017: Singapore Employment 2017Q2: » VIEW MORE ECONOMIC INDICATORS |