Today's Economy U.S. Trade Deficit Barely Budges for July Harvey will temporarily reduce energy exports for August. Colombia’s Unemployment Rate Stable Rural employment has increased despite weak growth. Table for Three Fischer's resignation will leave the U.S. Federal Reserve Board very short-handed. Small Upward Revision to U.S. Job Growth Is Coming Preliminary estimate raises average monthly growth April 2016 to March 2017 to 187,000. » VIEW MORE TODAY'S ECONOMY
Commentary Global Outlook: Broad Improvement, Eyes on Risk The stronger U.S. dollar and rising domestic demand should lift the global economy this year. U.S. Chartbook: Hurricane Harvey Adds Uncertainty Storm impact will likely reduce Q3 GDP growth but boost Q4. U.S. Weekly Highlights and Preview, September 1, 2017 Harvey's economic cost is quickly rising. Europe Weekly Highlights and Preview, 1 September, 2017 The strong euro currency poses an imminent threat to France’s trade balance. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Foreign Trade Jul. 2017: MYR8.0 bil Malaysia's monthly trade surplus narrowed to MYR8 billion in July from June's MYR9.9 billion (prior to revisions). Germany Manufacturing Turnover and Orders Received Jul. 2017: -0.7% German manufacturing contracted by 0.7% m/m in July following a revised 0.9% increase in June. Italy Retail Sales Jul. 2017: -0.2% Italy’s retail sales dropped by 0.2% over the month in July, well below the 0.2% increase we expected based on the sentiment surveys. Brazil Consumer Price Index Aug. 2017: 2.46% Annual inflation adjusted down again in August, falling far below the 4.5% target. United States MBA Mortgage Applications Survey September 01: 3.3% Mortgage applications increased last week, as interest rates continued to decline. Colombia Consumer Price Index Aug. 2017: 3.9% Colombia’s annual inflation rate accelerated in August in part because of a low comparison base. United States International Trade (FT900) Jul. 2017: -$43.7 bil The trade balance took a smaller hit than expected in July. Canada International Merchandise Trade Jul. 2017: -C$3.0 bil Canada's trade balance improved modestly in July. Canada Monetary Policy Sep. 2017: 1% The Bank of Canada is lifting its target for the overnight rate, spurred by stronger-than-expected GDP growth. United States ISM Nonmanufacturing Index Aug. 2017: 55.3 The nonmanufacturing segment of the economy improved less than we expected in August. United States Moody’s Analytics Policy Uncertainty Index September 01: 81.7 Policy uncertainty has declined, but it remains significantly higher than normal. United States Beige Book Aug. 2017: The Federal Reserve’s Beige Book, covering economic activity from July through mid-August, indicates that economic activity expanded at a modest to moderate pace across districts. Brazil Monetary Policy Sep. 2017: Australia Foreign Trade Jul. 2017: Australia Retail Sales Jul. 2017: » VIEW MORE ECONOMIC INDICATORS |