Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Thursday, August 29, 2019

Today's Economy


Trade War Casts a Shadow on U.S. Oil Producers

Higher tariffs could rob U.S. companies of a key market.

A New Government Takes Shape in Italy

The 2020 budget plan will have to make spending cuts.

Europe Daily Briefing: France Is Firing on All Cylinders

Sentiment rose in the euro zone but slumped in the U.K.

U.S. Consumer Confidence Depends on the Questions

Widely watched measures have moved differently of late.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Federal Outlook: About That Budget

If lawmakers can't agree on details for fiscal 2020, Washington will be at risk of another shutdown.

Greece Outlook: Bucking the Global Trend

Reforms, bond issuance and tax cuts are helping the country regain its footing and investor trust.

U.S. Chartbook: Tariffs Test Resilience

Labor and housing markets look okay, but manufacturing is wobbling.

U.S. State and Local Outlook: As Good as It Gets

States are adding to their rainy-day funds at a pace seldom seen.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Japan
Consumer Confidence
Aug. 2019: 37.1
Japan’s consumer confidence index on a seasonally adjusted basis fell to 37.1 in August, from 37.8 in July.

France
Household Consumption Survey
Jul. 2019: 0.4%
France's household goods consumption rose by 0.4% m/m in July, fully reversing the 0.2% decline in June.

France
GDP
2019Q2: 0.3%
Second numbers showed that France’s GDP grew by 0.3% q/q in the second quarter, the same as in the previous stanza and above the first estimate of 0.2%.

Germany
Unemployment
Aug. 2019: 5.0%
Germany's seasonally adjusted unemployment rate was unchanged at 5% in August, while the seasonally adjusted number of unemployed rose by 4,000 from July.

Euro Zone
Business and Consumer Sentiment
Aug. 2019: 103.1
The euro zone's business and consumer sentiment ticked up to 103.1 in August, from 102.7 in July, despite signs of continued weakening in several major euro zone economies.

Brazil
GDP
2019Q2: 1.0%
The economy reported some annual improvement in the second quarter, although it still underperformed.

Canada
Balance of International Payments
2019Q2: -C$6.4 bil
Trade will make a sizable, positive contribution to second quarter GDP.

Canada
Earnings, Hours and Employment
Jun. 2019: 2.5%
Earnings retreated in June by 0.5% to C$1,026, but they increased 2.5% compared with a year earlier.

United States
GDP
2019Q2: 2.0%
U.S.

United States
Advance Wholesale and Retail Inventories
Jul. 2019: 0.2%
Inventories grew at a steady clip.

United States
International Trade in Goods - Advanced
Jul. 2019: $72.3 bil
The nominal goods deficit narrowed from $74.2 billion in June to $72.3 billion in July, a little better than either we or the consensus expected.

United States
Jobless Claims
August 24: 215,000
The U.S. labor market is steady as she goes.

United States
St. Louis Fed Financial Stress Index
August 23: -1.24
Financial market stress edged lower in the week ended August 23 despite a worsening of trade tensions.

United States
Pending Home Sales
Jul. 2019: 105.6
The pending home sales index dropped 2.5% to 105.6 in July on a seasonally adjusted basis, reversing a portion of its upward trend started back at the end of 2018.

United States
Natural Gas Storage Report
August 23: 60 bil cubic feet
The increase in natural gas inventories was larger than analysts were expecting, which will have a negative impact on prices.

South Korea
Retail Sales
Jul. 2019:

Japan
Employment Situation
Jul. 2019:

Japan
Industrial Production
Jul. 2019:

Japan
Retail Sales
Jul. 2019:

South Korea
Monetary Policy
Aug. 2019:

» VIEW MORE ECONOMIC INDICATORS

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