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 |