Today's Economy Capital Market View: Democrats Facing Fork in the Road, but May Not Take It Yellen warns that the Treasury is running out of extraordinary measures and will hit the debt limit. LatAm Daily Briefing: Vaccination Progress Is Still Uneven Despite regional improvements, the spread of new variants could impede further gains. Europe Daily Briefing: Italian Retail Slumps Along With Confidence Retail sales pulled back in July, followed by a decrease in consumer confidence in August. Asia-Pacific Daily Briefing: Domestic Demand Buoyed Japan's Q2 Growth External demand faces headwinds. » VIEW MORE TODAY'S ECONOMY
Commentary Pandemic Lifted U.S. E-Commerce Sales, but Not Uniformly Consumers increased online spending most where it had been small. U.S. COVID-19 Tracker Update: Don't Be Misled New cases are down, but the high-frequency economic data continue to weaken. Global Vaccine Tracker: Booster Geopolitics The third shot is a point of pain for much of the world. U.S. Chartbook: Manufacturing Gains Steam Housing prices continue to accelerate because of inadequate supply. » VIEW MORE COMMENTARY
Today's Economic Indicators
Sweden Industrial Production Jul. 2021: 0.9% m/m Sweden’s industrial production increased by 0.9% m/m in July, adding to June’s 1.3% growth. Italy Retail Sales Jul. 2021: -0.4% m/m Italy’s retail sales fell by 0.4% m/m in July after increasing in June, as nonfood spending shed 0.6% m/m while food sales held steady. Chile Consumer Price Index Aug. 2021: 4.78% y/y Annual inflation continued to climb higher in August as prices remained under pressure and rates were expected to rise. United States MBA Mortgage Applications Survey September 03: -1.9% Mortgage applications declined 1.9% in the week of September 3 following the prior week’s 2.4% reduction. United States Moody's Analytics Inflation Expectations Pulse September 05: 2.43% Inflation expectations inched higher in the week ended September 5, 2021, according to the Moody's Analytics Inflation Expectations Pulse. United States Job Openings and Labor Turnover Survey Jul. 2021: 6.9% openings rate July JOLTS data underscore the challenges that employers are facing filling positions. Canada Purchasing Managers' Index Aug. 2021: 66.0 The Ivey Purchasing Managers' Index bounced in August, coming in at 66, up from July's 56.4 reading. Canada Monetary Policy Sep. 2021: 0.25% As the rise of the Delta variant casts a cloud over the global economy, the Bank of Canada held off on any further policy adjustments at its September meeting. United States Moody’s Analytics Policy Uncertainty Index September 03: Russian Federation Consumer Price Index Aug. 2021: 6.7% y/y Russia's annual inflation rate accelerated further in August, reaching 6.7% y/y after standing at 6.5% for two months. United States Beige Book Sep. 2021: The U.S. recovery advanced at only a moderate tempo, according to Beige Book anecdotes collected between early July and August, representing a deceleration from the last report. United States Consumer Credit (G19) Jul. 2021: $17.0 bil Consumer credit grew by $17 billion in July, falling well below consensus expectations of a $25 billion increase. China Consumer Price Index Aug. 2021: China Producer Price Index Aug. 2021: » VIEW MORE ECONOMIC INDICATORS |