| Today's Economy
Economic Roundup: A Quiet End to a Tumultuous Week Markets were relatively calm on Friday as investors await next week's flurry of data, including the July CPI report. Canada Weekly: One Key Risk Recedes The labor market disappointed in July, but good news on bankruptcies should bring cheer. Mexico's Policymakers Cut the Policy Rate as Inflation Trends Up Amid the financial turbulence, the Bank of Mexico reinitiated the monetary relaxation cycle. Europe Daily Briefing: Liftoff After a stormy week, Germany, Italy and Norway saw inflation perk up. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, August 9, 2024 We expect that inflation's second-quarter moderation continued into July. Latin America Weekly Highlights and Preview, August 9, 2024 July inflation rises in Mexico and Uruguay. Euro Zone Outlook: A Cautious Recovery Amidst volatility, the currency area's economy attempts to find firmer footing. U.S. Road to Recession: Balancing Act After picking up in the second quarter, GDP gains will run cooler. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Industrial Production
Jun. 2024: 5.0% y/y
Malaysia’s industrial production index rose 5% year on year in June, exceeding our expectations. Germany
Consumer Price Index
Jul. 2024: 2.3% y/y
In July, inflation in Germany inched up to 2.3% year over year from 2.2% previously. Norway
Consumer Price Index
Jul. 2024: 2.8% y/y
The Norwegian CPI accelerated in July to 2.8% year over year, up from 2.6% in June. Italy
Consumer Price Index
Jul. 2024: 1.3% y/y
In July, Italy's headline consumer price inflation ticked up to 1.3% year over year, slightly above our forecast of 1.1%. Mexico
Industrial Production
Jun. 2024: -0.7% y/y
Industrial production continued to lose steam in June as the political-electoral spending vanished after the elections. Brazil
Consumer Price Index
Jul. 2024: 4.50% y/y
Annual inflation continued to trend up in July, climbing to a rate above the 4% upper limit as the base effect played unfavorably in the month. Canada
Labor Force Survey
Jul. 2024: 6.4%
Disappointing July jobs data raise the odds that the Bank of Canada could proceed with an additional rate cut at its next meeting. Peru
Monetary Policy
Aug. 2024: 5.50%
The Central Reserve Bank of Peru delivered a surprise rate cut in its August meeting, cutting the reference rate 25 basis points to 5.5%. Russian Federation
Consumer Price Index
Jul. 2024: 9.1% y/y
Russia’s annual inflation rate advanced to 9.1% y/y in July from 8.6% in June, in line with market expectations and our forecast. » VIEW MORE ECONOMIC INDICATORS | 