Economy.com: Daily Update
| Friday, September 20, 2024 |
| Today's Economy
Economic Roundup: More Data to Come After a busy week, the U.S. economic schedule remains stacked for next week, with the Fed's preferred measure of inflation in view. Canada Weekly: Zero-Emission Vehicle Update This week, we look at the latest ZEV registration statistics. Geopolitical Risk Calendar: U.S., U.K. Consider Long-Range Missiles for Ukraine Putin said use of such weapons on targets inside Russia would be acts of war by NATO against his country. Europe Daily Briefing: U.K. Retail Celebrates End of Summer Sales gained big in August but may soften again in the coming months. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, September 20, 2024 We expect the year-over-year PCE deflator for August to be 2.25%, down from 2.5% in July. Europe Weekly Highlights and Preview: 20 September, 2024 Spain will be first to publish a final estimate of second-quarter GDP, and we expect the growth rate to be stable at 0.8% q/q for the second quarter, the same as in the first. Latin America Weekly Highlights and Preview, September 20, 2024 Brazil’s central bank hikes the Selic rate; unemployment holds steady in Peru. Europe Chartbook: Spotlight on the U.K. The British economy will continue growing, but consumers need better footing. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Aug. 2024: 1% m/m
U.K. retail sales surged by a higher-than-expected 1% m/m in August, building on a strong 0.7% rise in July. Hong Kong SAR (China)
Consumer Price Index
Aug. 2024: 2.5% y/y
Hong Kong's headline composite consumer price index rose 2.5% year over year in August, matching the reading in July. Canada
Industrial Product and Raw Materials Price Indexes
Aug. 2024: -0.8% m/m
The Industrial Product Price Index dropped 0.8% over the month in August. Canada
Retail Trade
Jul. 2024: 0.9% m/m
After falling for two consecutive months, retail sales increased in July by 0.9%, reaching C$66.4 billion. United States
Regional and State Employment
Aug. 2024:
August’s regional and state employment report points to continued cooling in the labor market, but there is no need to fret over undue weakness. » VIEW MORE ECONOMIC INDICATORS |
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