| Today's Economy
Beyond the Dollars and Cents of Tariffs Uncertainty is a concern but past instances suggest the hit to U.S. industrial production is small. Europe Daily Briefing: Cycling Into a Late Stage The IMF downwardly revised GDP projections, though the global outlook is unchanged. No Gripe With June U.S. Retail Sales Control sales were soft but May's were revised higher. Asia-Pacific Daily Briefing: China Moves Into a Slower Lane GDP growth cooled to 6.7% y/y in Q2; fixed asset investment and IP continued to moderate. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Somethings Old, New, Borrowed and Blue An expanding trade war has had only a limited effect on inflation, but confidence has begun to slip. Explaining the Wage Growth Mystery If unemployment is so low, why has wage growth not picked up? U.S. Weekly Highlights and Preview, July 13, 2018 There will be plenty to digest from the Fed as Chair Jerome Powel will testify before Congress. Europe Weekly Highlights and Preview, 13 July, 2018 The ECB is nearing a tipping point. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
External Trade
May. 2018: €16.5 bil
The euro zone’s external trade surplus narrowed significantly in May to €16.5 billion, from €19.3 billion a year ago. Peru
Unemployment
Jun. 2018: 6.2%
United States
NY Empire State Manufacturing Survey
Jul. 2018: 22.6
Manufacturers in New York still feel good about conditions today and six months from now, even if they are showing slightly less fervor than last month in the July Empire State Manufacturing Survey. United States
Retail Sales
Jun. 2018: 0.5%
With tax cuts and growing wages supporting budgets, retail sales posted their fourth consecutive month of solid growth in June. Canada
International Transactions in Securities
May. 2018: C$2.2 bil
Foreign investment into Canada proved weak in May as disbursements of money market instruments and equities partially offset modest bond buying. Russian Federation
Industrial Production
Jun. 2018: 2.2%
Russian industrial production rose 2.2% year over year in June, decelerating from 3.7% in May. United States
CreditForecast.com Household Credit Report
Jun. 2018: 3.65%
Total U.S. household borrowing increased by $53 billion, or 5.21%, from May. World
Moody's Analytics Survey of Business Confidence
July 13: 34.0
Global business confidence remains strong. United States
Business Inventories (MTIS)
May. 2018: 0.4%
Stockpile growth is easing into a more sustainable pace. Singapore
Foreign Trade
Jun. 2018:
New Zealand
Consumer Price Index
2018Q2:
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