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 |