Here’s this week economic outlook.
- U.S.: With a 3% GDP growth in the second quarter and a decrease in jobless claims, consumer confidence is on the rise.
- Germany: Despite a drop in inflation to 2%, consumer distrust persists. With a quarterly contraction of 0.1%, Germany adjusts its economic pace.
- Japan: Facing inflation, the Bank of Japan remains firm on its interest rate increase stance.
- China: Industrial companies saw a 4.1% increase in profits thanks to high-tech manufacturing.
- Argentina: At risk of meeting its national debt payment, Moody’s foresees a possible restructuring.
- Brazil: With an annual inflation rate of 4.35% during the first half of August, the country remains close to its 4.33% estimate. The Central Bank has a new monetary policy director.
- Mexico: Víctor Rodríguez Padilla will be the new director of Pemex. Banxico adjusts its growth estimates to 1.5%.
Important events next week
United States
- ISM manufacturing data will be released on September 3rd.
- Employment indicators will be published on September 6th.
Monitor
