| Today's Economy
Economic Roundup: Prices and Wages Up, Sentiment Still Down Despite historically strong wage growth, U.S. consumers are still feeling the pinch from higher prices. Canada Weekly: Trade in the Time of the Coronavirus We estimate the effects of COVID-19 cases on trade with Canada. Euro Zone Inflation Continues Its Bad Streak Inflation increased despite help from petrol prices, spelling trouble for the future. Geopolitical Risk Calendar: Biden and Xi Hold Frosty Call U.S. and China's leaders talked amid deteriorating relations. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, July 29, 2022 Regional unemployment rates are stabilizing. Europe Weekly Highlights and Preview, 29 July, 2022 The euro zone's retail sales suffer from weakening demand. U.S. Consumer Credit Conditions Start to Normalize Delinquencies are rising and losses will come soon. Asia-Pacific Weekly Highlights and Preview: India and Australia Are Next in Line to Hike Rates The race to tame inflation continues. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Retail Sales
Jun. 2022: -6.0% y/y
Retail sales posted a 6% year-on-year decline in June. Japan
Consumer Confidence
Jul. 2022: 30.2
Japan’s consumer confidence index fell to 30.2 in July from 32.1 the month prior. France
GDP
2022Q2: 0.5% q/q
France’s GDP rebounded by 0.5% q/q in the second quarter after a 0.2% decline in the first. France
Household Consumption Survey
Jun. 2022: 0.2% m/m
Household goods consumption increased in June, but less strongly than in May. Switzerland
Retail Sales
Jun. 2022: 1.2% y/y
Retail sales in Switzerland inched higher in June by 0.1%, adding to a 1.3% jump in sales in May. Austria
Employment and the Labour Market
Jun. 2022: 5.5%
The Austrian labor market showed little to no weakness in June, and the pace of improvement has picked up. Sweden
Unemployment rate
Jun. 2022: 7.7%
Sweden’s unemployment rate inched lower to 7.7% in June from 7.8% in May. Thailand
Foreign Trade
Jun. 2022: US$2.1 bil
The rebound in electronic exports helped Thailand's trade situation in June. Taiwan (China)
GDP
2022Q2: 3.1% y/y
Taiwan's headline economic growth in the second quarter was 3.1% y/y, coming in below our expectations of 4.8% year-on-year growth. Germany
Unemployment
Jul. 2022: 5.4%
Germany's unemployment rate rose to 5.4% in July from 5.3%—reaching its highest rate since last October. Denmark
Unemployment rate
Jun. 2022: 2.5%
Denmark’s unemployment rate remained unchanged at 2.5% in June. Euro Zone
Preliminary GDP
2022Q2: 0.7% q/q
Preliminary estimates reported a 0.7% q/q increase in euro zone GDP during the second quarter. Euro Zone
Preliminary Consumer Price Index
Jul. 2022: 8.9% y/y
Preliminary estimates reported euro zone inflation at 8.9% y/y this July, up from 8.6% in June. Norway
Retail Sales
Jun. 2022: 0.0% m/m
Norwegian retail sales growth was flat from May to June. Portugal
Retail Sales
Jun. 2022: 3.3% y/y
In June, Portuguese retail sales decreased 1.9%. Brazil
Employment Situation
Jun. 2022: 9.3%
The unemployment rate declined again in June as the economy created more jobs. Canada
Gross Domestic Product by Industry
May. 2022: 0.0% m/m
May's GDP beat consensus expectations by not changing. United States
Employment Cost Index
2022Q2: 1.3% q/q
The Employment Cost Index rose by 1.3% in the second quarter, marking a slight slowdown from the first quarter but still a touch stronger than expected. United States
Personal Income
Jun. 2022: 0.6% m/m
Besting expectations, U.S. nominal personal income expanded 0.6% in June, while growth was upwardly revised to 0.6% in May (previously 0.5%). United States
PCE Deflator
Jun. 2022: 1.0% m/m
The Federal Reserve is going to keep hiking interest rates aggressively until it tames inflation. United States
Real Personal Spending
Jun. 2022: 0.1% m/m
Real consumer spending inched higher in June but remains constrained by rapid inflation. Chile
Manufacturing Production
Jun. 2022: -2.49% y/y
Chile’s manufacturing production reported an unexpected contraction in June, showing erratic behavior as the economy slows down. Chile
Retail & Wholesale Sales
Jun. 2022: -5.3% y/y
Consumer spending in Chile weakened further in June, and the panorama for consumers is anything but positive. World
Moody's Analytics Global Risk of Recession
Jul. 2022: 33.2%
After a one-month respite, recession risks continued their steady increase. United States
University of Michigan Consumer Sentiment Survey
Jul. 2022: 51.5
U.S. consumer sentiment remains historically low, according to the University of Michigan. Colombia
Monetary Policy
Jul. 2022: 9.00%
Colombia’s central bank board hiked the reference interest rate by 150 basis points to 9% at Friday's regular meeting. United States
Agricultural Prices
Jun. 2022: 0.2% m/m
The Agricultural Prices Received Index rose to 134.8, up 0.2% from May. China
Manufacturing PMI
Jul. 2022:
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