Economy.com: Daily Update
| Today's Economy
Economic Roundup: Busy Week Ahead Though the economic release calendar was light on Monday, it will soon fill up. LatAm Daily Briefing: Household Debt Not in Plain Sight Improvement in these top-line figures is unlikely to reflect the struggles of consumers in the bottom half of the income distribution, where access to financial services via the formal banking system is limited. Europe Daily Briefing: Inflation Heads Lower in Portugal There was a 1.1% year-over-year increase in Denmark’s July CPI. Asia-Pacific Daily Briefing: Asian Currencies Are Poised for a Turnaround Volatility could flare if U.S. indicators miss market expectations. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Outlook: Running at Different Speeds The region will start 2025 performing near production capacity after ending 2024 at below-potential growth. U.S. Chartbook: Take a Deep Breath Market volatility spiked to its highest since the pandemic. Japan Risk Matrix: Policy Error Rate hikes or fiscal policy missteps could precipitate a broader downturn. U.S. Weekly Highlights and Preview, August 9, 2024 We expect that inflation's second-quarter moderation continued into July. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark
Consumer Price Index
Jul. 2024: 1.1% y/y
In July, there was a 1.1% year-over-year increase in the Danish CPI, slowing from June's 1.8% rise. Portugal
Consumer Price Index
Jul. 2024: 2.5%
Portuguese inflation slowed to 2.5% in July, a 0.3-percentage point decline from June. India
Industrial Production
Jun. 2024: 4.2% y/y
India's industrial production index rose 4.2% in June from a year earlier and decelerated from May's upwardly revised growth rate of 6.2% year over year (5.9% unrevised). Canada
Building Permits
Jun. 2024: -13.9% m/m
In June, Canada's building permits experienced a 13.9% decrease, continuing the downward trend from May. India
Consumer Price Index
Jul. 2024: 3.54% y/y
In July, India’s consumer price index significantly cooled to 3.54% year over year, compared with June’s 5.08%. World
Moody's Analytics Survey of Business Confidence
August 09: 18.1
Global business sentiment is pretty positive. Uruguay
Industrial Production
Jun. 2024: -1.8% y/y
In June, Uruguay experienced a 1.8% decrease in industrial production compared with the previous year, mainly due to the La Teja refinery not functioning at full capacity during its reopening phase. United States
Treasury Budget
Jul. 2024: -$243.7 bil
The U.S. Singapore
GDP - Advanced
2024Q2:
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