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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 08, 2024

Today's Economy


Economic Roundup: Unemployment Claims Head Lower

Initial jobless claims fell, allaying concerns after last week's data showed labor market stress.

Geopolitical Risk Calendar: Ukraine Pushes Across Russian Border

The fighting poses significant risks to energy security.

LatAm Daily Briefing: Brazil's Economy Moves Forward

Rebounding industrial production and strong domestic spending power a solid performance.

Europe Daily Briefing: Nearing The Target

Irish inflation stood at 2.2% in July with key price pressures in services.

» VIEW MORE TODAY'S ECONOMY



Commentary


Assessing the Macroeconomic Consequences of Harris vs. Trump

Each has put forward a wide range of proposals that could have significant effects on the economy’s performance.

U.S. Defense Preview

The federal budgeting process is incomplete, but several defense priorities are already clear.

Bangladesh's Vulnerability Deepens Amid Social and Political Upheaval

Social unrest has put progress towards macroeconomic stability at risk.

U.S. Risk Matrix: Leverage in the Nonbank Financial System

Things are not as ominous as the term, “shadow banking,” suggests.

» VIEW MORE COMMENTARY



Today's Economic Indicators


India
Monetary Policy
Aug. 2024: 6.50%
In its fourth meeting of the year, the Reserve Bank of India’s Monetary Policy Committee held the repo rate steady at 6.5%.

Taiwan (China)
Foreign Trade
Jul. 2024: US$4.8 bil
Taiwan’s trade surplus slightly rose to $4.8 billion in July from $4.7 billion in June.

Ireland
Consumer Price Index
Jul. 2024: 2.2% y/y
Ireland’s consumer price inflation held steady at 2.2% in July, in line with our expectations of a more moderate pace of disinflation in the coming months.

Mexico
Consumer Price Index
Jul. 2024: 5.57% y/y
Mexico’s inflation jumped higher in July affected by volatile prices, particularly agricultural products affected by unfavorable weather conditions.

Chile
Consumer Price Index
Jul. 2024: 4.60% y/y
Chile’s inflation rebounded and stayed above the 4% target’s upper limit in July as consumer prices increased significantly in the month after reporting a mild contraction in the previous period.

United States
Jobless Claims
August 03: 233,000
Weekly unemployment insurance claims in the U.S. fell to 233,000 in the week ended August 3, a welcomed relief and in line with our forecast.

Chile
Foreign Trade
Jul. 2024: US$1,294.8 mil
Chile's trade accounts posted a lower surplus in July, with imports rising by more than exports.

United States
St. Louis Fed Financial Stress Index
August 02: -0.28
U.S. financial market stress moved markedly higher in the week ended August 2, with the St.

United States
Wholesale Trade (MWTR)
Jun. 2024: 0.2% m/m
Wholesale inventories increased 0.2% in June after a downwardly revised 0.5% increase in the prior month.

United States
Natural Gas Storage Report
August 02: 21 bil cubic feet
The build in natural gas inventories didn’t live up to consensus expectations, which could put some upward pressure on prices.

Mexico
Monetary Policy
Aug. 2024: 10.75%
Despite the ongoing financial turbulence and the peso's depreciation, the Bank of Mexico decided to reinitiate the monetary relaxation cycle by cutting the policy rate for a second time in the year.

Argentina
Industrial Production - Advance
Jun. 2024: -20.1% y/y
Industrial output contracted 20.1% year on year in June (NSA) after falling 15% in the previous month.

Colombia
Consumer Price Index
Jul. 2024:

China
Consumer Price Index
Jul. 2024:

China
Producer Price Index
Jul. 2024:

» VIEW MORE ECONOMIC INDICATORS

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