Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, July 12, 2017

Today's Economy


Canada Hikes Interest Rates: No Pain, No Gain

The risks of waiting too long outweigh the pain of higher borrowing costs and slower growth.

Checkup on U.S. Healthcare Prices

There's an easy diagnosis for some but not all of the weakness.

BoE Is Unlikely to Raise Rates in August

Only two or three of the eight MPC members will vote for a rate hike.

Markets Likely Misunderstood Yellen

Her prepared remarks toed the FOMC line, and we are sticking with our forecast.

» VIEW MORE TODAY'S ECONOMY



Commentary


Colombia Outlook: Weaker Than Expected Growth

Low confidence levels hinder domestic demand.

A Snapshot of Google Trends in Asia

The popular search tool can provide insight into policy changes, cultural norms and sustainability concerns.

Indonesia Outlook: Building Resilience

Improved economic management has reduced external vulnerabilities.

U.S. Chartbook: A Durable Labor Market Expansion

Job gains come in above expectations, but wage growth underwhelmed.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Malaysia
Industrial Production
May. 2017: 4.6%
Malaysian industrial production surprised on the upside and rose 4.6% y/y in May, following a 4.1% gain in April. Manufacturing drove the bulk of the acceleration, with electronics again the bright spot.

Japan
Industry Activity Indexes
May. 2017: -0.1%
Momentum in Japan’s tertiary activity remains uneven, although the services sector is expanding on a year-ago basis.

Canada
Brookfield RPS House Price Index
Jun. 2017: 10.4%
House prices rose 0.8% in June across the 13 largest Canadian markets, causing year-ago price growth to slow to 10.4% from 11% in May.

United Kingdom
Unemployment
Jun. 2017: 4.5%
U.K. unemployment fell to an impressive 4.5% in the May quarter, its lowest since records began in 1975.

Euro Zone
Industrial Production
May. 2017: 1.3%
Euro zone industrial production figures came as an upbeat surprise in May, increasing by a strong 1.3% m/m, though April’s 0.5% rise was revised down slightly to 0.3%.

United States
MBA Mortgage Applications Survey
July 07: -7.4%
Mortgage applications dropped last week, as longer-term interest rates continued to climb.

India
Consumer Price Index
Jun. 2017: 1.5%
India's disinflation trend has intensified midyear, and the writing is on the wall for a rate cut in August.

Brazil
Retail Sales Index
May. 2017: 2.4%
Retail consumption advanced in May, as the economy showed signs of further recovery.

India
Industrial Production
May. 2017: 1.7%
Factory conditions across India remain restrictive because of various supply bottlenecks.

Mexico
Industrial Production
May. 2017: 1.0%
Mexico’s industry rebounded modestly in May after a significant contraction in April, when it was affected by the Easter holiday.

Russian Federation
Foreign Trade
May. 2017: $8.5 bil
Russia’s merchandise trade surplus recovered modestly in May, rising to $8.5 billion from $8 billion.

Canada
Monetary Policy
Jul. 2017: 0.75%
The Bank of Canada has finally pulled the trigger.

United States
Oil Inventories
July 07: 495.4 mil barrels
A much larger than expected decline in crude oil inventories will provide support for oil prices.

China
Monetary Aggregates
Jun. 2017:

China
Foreign Trade
Jun. 2017:

United States
Beige Book
Jun. 2017:
The Federal Reserve’s Beige Book, covering economic activity from mid-May through June, indicates that economic activity expanded at a slight to moderate pace across districts.

Uruguay
Industrial Production
May. 2017: -16%
Industrial production took another nosedive in May.

United States
Tech Pulse
Jun. 2017:

South Korea
Monetary Policy
Jul. 2017:

» VIEW MORE ECONOMIC INDICATORS

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