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, July 01, 2021

Today's Economy


Economic Roundup: U.S. ISM Manufacturing Survey Hints at Peak Growth

Strongest growth this cycle could be behind us, but growth will remain very strong.

Capital Market View: U.S. Employment Reports Could Cause Indigestion

Bond market has digested the reports well this year, but that could change going forward.

Final Thoughts Ahead of June U.S. Employment

We look for a 750,000 net gain and a drop in the unemployment rate to 5.6%.

China’s Services Recovery Still Fragile

The sector remains highly vulnerable to virus outbreaks.

» VIEW MORE TODAY'S ECONOMY



Commentary


China's Demographic Challenges in Perspective

We see similar trends across the Asia-Pacific region.

U.S. Chartbook: Still On Track

Economic stress from price pressures remains localized.

Global Vaccine Tracker: Forty Million Shots a Day

There are now 18 COVID-19 vaccines that are approved in at least one country.

Election Platform Offers a Glimpse of Germany’s Economic Future

The CDU and CSU parties will push to reduce government debt but don't plan to raise taxes.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Switzerland
Consumer Price Index
Jun. 2021: 0.6%
Switzerland’s CPI increased by 0.6% y/y in May, the same as the previous month.

Switzerland
Retail Sales
May. 2021: 2.8%
Swiss retail sales tumbled in May, falling by 1.8% m/m compared with April.

Sweden
Monetary Policy
Jul. 2021: 0.0%
The Riksbank’s one-week repurchase rate was unchanged at 0% at Thursday's monetary policy meeting.

Italy
Unemployment
May. 2021: 10.5%
Italy’s employment situation improved in May, as employment increased by 36,000, continuing the upward trend observed since February, while joblessness and inactivity declined.

Euro Zone
Unemployment
May. 2021: 7.9%
The euro zone’s unemployment rate decreased to 7.9% in May from an upwardly revised 8.1% in April.

United States
Challenger Report
Jun. 2021: 20,476
Job cut announcements fell to 20,476 in June, the lowest level since 2000 and the third straight month with job cuts below 25,000.

United States
Jobless Claims
June 26: 364,000
U.S. initial claims for unemployment insurance are moving in the right direction.

United States
Construction Spending (C30)
May. 2021: -0.3% m/m
U.S. construction spending in May was estimated at $1.5 billion, 0.3% below its revised April estimate.

United States
St. Louis Fed Financial Stress Index
June 25: -0.98
Financial stress reversed course and edged lower last week.

United States
ISM Manufacturing Index
Jun. 2021: 60.6
U.S. economic growth this cycle may have peaked, but that doesn’t mean the economy won’t do very well through the rest of this year and next.

Peru
Consumer Price Index
Jun. 2021: 3.25% y/y
The consumer price index for the Lima metropolitan area rose 3.25% on a year-ago basis in June, the largest annual increase in four years.

Chile
Monthly Economic Activity Indicator
May. 2021: 18.1% y/y
Chile’s economic activity continued to rebound strongly in annual terms, benefiting from the low comparison of last year.

United States
Natural Gas Storage Report
June 25: 76 bil cubic feet
The increase in gas stocks last week was slightly higher than analyst predictions, suggesting that this report should give gas prices some extra momentum.

Belgium
Unemployment
May. 2021: 6.5%
Belgium’s seasonally adjusted unemployment rate fell slightly in May to 6.5% from April's upwardly revised 6.7% figure.

Russian Federation
Retail Sales
May. 2021: 27.2% y/y
Russian seasonal retail sales increased by 1.1% m/m in May, building on the 0.3% uptick in April.

Brazil
Foreign Trade
Jun. 2021: US$10.372 bil
Brazil’s trade surplus continued to improve in June as exports advanced further, despite the acceleration of imports.

South Korea
Consumer Price Index
Jun. 2021:

» VIEW MORE ECONOMIC INDICATORS

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