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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.

Tuesday, July 16, 2024

Today's Economy


Economic Roundup: Retail Sales Move Little in June

Following expansion in the prior month, sales were essentially unchanged in June.

PBoC Launches New Tools to Steer Short-Term Rates

The Chinese central bank introduced a seven-day repo rate that will become the key rate for monetary policy.

LatAm Daily Briefing: IMF Downgrades 2024 Growth Projection

A slight downward revision reflects a more challenging economic environment.

German Coalition Agrees on First Draft for 2025 Budget

The government is enforcing strict fiscal discipline in a cycle of widespread deficit spending.

» VIEW MORE TODAY'S ECONOMY



Commentary


Updated 2024 U.S. Election Probabilities

The presidential election is looking better for Trump.

Canada Risk Matrix: The First Step

The Bank of Canada's first rate cut is positive, but there's still a long way to go.

Japan Risk Matrix: Familiar Problems

The biggest challenge facing the country’s economy is familiar: subdued wage growth.

U.S. Household Debt Tracker: Steady Sailing

Trend growth in delinquent balances, measured by the three-month average, continued its deceleration.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Italy
Consumer Price Index
Jun. 2024: 0.8% y/y
In June, Italy's headline consumer price inflation held steady at 0.8% year over year, slightly below our forecast of a 0.9% reading.

Euro Zone
External Trade
May. 2024: €13.9 bil
The euro zone’s not seasonally adjusted trade balance rose to a surplus of €13.9 billion this May from a small deficit of €429.6 million in the same month one year earlier.

Canada
Housing Starts
Jun. 2024: 242 ths
Canada's housing starts dipped in June compared with May.

Canada
Consumer Price Index
Jun. 2024: 2.7% y/y
Inflation in Canada decelerated in June, reversing an uptick in the pace from the prior month.

United States
Retail Sales
Jun. 2024: 0.0%, m/m
Retail sales were essentially unchanged in June, hurt by the decline in vehicle sales.

United States
Import and Export Prices
Jun. 2024: 0.0% m/m
U.S. import prices were flat in June following a 0.2% dip in May.

United States
Business Inventories (MTIS)
May. 2024: 0.5% m/m
Business inventories rose 0.5% in May after building by 0.3% in April.

United States
NAHB Housing Market Index
Jul. 2024: 42
Homebuilder confidence inched down 1 point to 42 in July, according to the National Association of Home Builders’ Housing Market Index.

New Zealand
Consumer Price Index
2024Q2:

Singapore
Foreign Trade
Jun. 2024:

» VIEW MORE ECONOMIC INDICATORS

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