| Today's Economy
Happy Fourth of July Our U.S. offices will reopen Tuesday, July 5. Geopolitical Risk Calendar: Turkey Drops NATO Objection The country will not veto the applications of Finland and Sweden to join the alliance. Economic Roundup: U.S. ISM Drops, but No Recession Alarms The details were mixed as employment and new orders dropped but supplier deliveries improved. U.S. Consumer Spending Has No Momentum Real spending is little changed over the last seven months. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, July 1, 2022 Inflation likely peaked in several countries, but was still rising in others. Europe Weekly Highlights and Preview, 1 July 2022 Euro zone sentiment darkens in June. Asia-Pacific Weekly Highlights and Preview, 1 July, 2022 Central banks in Australia and Malaysia will lift rates. U.S. B2B Tracker: Ripple Effects Clearly captured in the latest update is the economic pain Russia’s invasion of Ukraine is generating. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Preliminary Consumer Price Index
Jun. 2022: 8.6% y/y
Preliminary estimates peg the euro zone’s year-on-year inflation rate at 8.6% this June, up from 8.2% in May. Portugal
Industrial Production
May. 2022: 3.0%
Portuguese industrial production decreased slightly in May. Chile
Monthly Economic Activity Indicator
May. 2022: 6.4% y/y
Chile’s economic activity continued to lose steam in May, restrained by the industrial weakness. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
June 29: 93.2
The Moody’s Analytics Back-to-Normal Index took a step in the wrong direction this week, sliding from last week’s revised value of 94.1 to 93.2. United States
Construction Spending (C30)
May. 2022: -0.1% m/m
The value of U.S. construction put in place fell well short of the consensus expectation of a 0.4% increase. United States
ISM Manufacturing Index
Jun. 2022: 53.0
The U.S. Peru
Consumer Price Index
Jun. 2022: 8.8% y/y
Inflation in metropolitan Lima shot up again, though by less than we expected, a strong suggestion that inflation's peak is in sight. United States
Vehicle Sales - BEA
Jun. 2022:
Russian Federation
GDP
2022Q1: 3.5% y/y
Following the invasion of Ukraine at the end of February, the Russian economy started to decline because of unprecedented sanctions imposed by Western countries. Brazil
Foreign Trade
Jun. 2022: US$8.814 bil
The trade surplus swelled in June as exports growth increased and imports moderated. » VIEW MORE ECONOMIC INDICATORS | 
