| Today's Economy
Economic Roundup: U.S. Job Growth Accelerates but Details Temper Enthusiasm The workweek fell, long-term unemployed rose, and the participation rate didn't change. Happy Fourth of July Our U.S. offices will be closed Monday, July 5 in observance. Happy Holiday Our Prague office will be closed Monday and Tuesday, July 5 and 6. Canada Weekly: Plane, Train and Automobile Traffic Airlines have held onto their staff, expecting a rebound. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Jobs Report, Cont'd The net gain of 850,000 was higher than our above-consensus forecast of 750,000 and marks the biggest monthly gain since August. Latin America Weekly Highlights and Preview, July 2, 2021 COVID-19 continues to plague the region, and inflation is accelerating. Macro Roundup: COVID-19 Keeps Denting Southeast Asia’s Recovery Indonesia and Malaysia are seeing an unprecedented surge in daily infections. Asia-Pacific Weekly Highlights and Preview, 2 July, 2021 The Reserve Bank of Australia will likely keep its cash rate at 0.1%. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Retail Sales
May. 2021: 4.2%
Real retail sales increased by 4.2% in May, slightly stronger than our projection of a 2.7% rise. Brazil
Industrial Production
May. 2021: 24.1% y/y
Brazil's national industry advanced further in May, posting another strong annual rebound. United States
Vehicle Sales - BEA
Jun. 2021: 15.4 mil, SAAR
U.S. new vehicle sales numbers took a pounding in June. United States
International Trade (FT900)
May. 2021: -$71.2 bil
The U.S. nominal trade deficit widened in May to $71.2 billion, compared with the revised $69.1 billion in April (previously $68.9 billion). United States
Employment Situation
Jun. 2021: 850,000 m/m, ths
Payroll employment gains beat expectations in June, rising by 850,000. Canada
International Merchandise Trade
May. 2021: C$ -1.4 bil
Canada's merchandise imports increased by 2.1% while exports fell by 1.6% in May. Canada
Building Permits
May. 2021: -14.8%
After a torrid runup over the past year, building permits fell sharply in May as intentions for new residential dwellings tumbled. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
June 30: 91.9
The Moody’s Analytics & CNN Business Back-to-Normal Index moved in the wrong direction this week, declining 1.2 points from a revised 93.1 to 91.9. United States
Factory Orders (M3)
May. 2021: 1.7% m/m
United States
Moody's Analytics Inflation Expectations Pulse
June 27: 2.4%
Ten-year inflation expectations held steady at 2.4% for the fourth week in a row, according to the Moody’s Analytics Inflation Expectations Pulse. » VIEW MORE ECONOMIC INDICATORS | 