| Today's Economy
Economic Roundup: Initial Claims’ Magic Number If claims get close to 275,000, it would signal we have a problem. LatAm Daily Briefing: Mexico’s Adverse Recession Scenario in 2023 Supply shortages, weak domestic demand, and other factors signify a likely recession next year. Europe Daily Briefing: ECB Surprises With 50-BPS Hike The central bank hiked its policy rates by 50 basis points. China Supply-Chain Stress Takes a Breather Our country-specific index eased in June as Shanghai exited its lockdown. » VIEW MORE TODAY'S ECONOMY
Commentary
Russia-Ukraine Tracker: Russian Gas Returns to Europe After a 10-day maintenance period, gas is flowing through the Nord Stream 1 pipeline. Global Debt: EMEA Sees Some Soaring Debt Loads Southern Europe and nonoil producers face fiscal constraints. Japan Risk Matrix: It's Not All Bleak A renewed increase in COVID-19 cases may deal a fresh blow to domestic demand. Lease-to-Purchase: How to Build Homeownership A nascent industry is poised to help more households achieve a mainstay of the American dream. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Unemployment
Jun. 2022: 3.4%
The Netherlands' unemployment rate ticked up to 3.4% in June from 3.3% in May. Indonesia
Monetary Policy
Jul. 2022: 3.50%
Bank Indonesia kept its seven-day reverse repurchase rate at 3.5% at its July meeting. Hong Kong SAR (China)
Consumer Price Index
Jun. 2022: 1.8% y/y
Hong Kong’s headline Composite Consumer Price Index rose by 1.8% over the year in June, a 0.6-percentage point increase from May. Mexico
Retail & Wholesale Sales
May. 2022: 5.2% y/y
Household consumption advanced in May, posting solid annual growth. Euro Zone
Monetary Policy
Jul. 2022: 0.5%
The European Central Bank took the unexpected-but-not-shocking step of raising its policy rates by 50 basis points during its July meeting. Canada
New Housing Price Index
Jun. 2022: 7.9% y/y
The new-home price index was up 7.9% from a year earlier in June after May's 8.4% increase. United States
Jobless Claims
July 16: 251,000
U.S. initial claims for unemployment insurance benefits are consistent with a weaker economy, but if they break significantly higher, it would raise a red flag. United States
Philadelphia Fed Survey
Jul. 2022: -12.3
Slipping further in July, manufacturing activity in the Federal Reserve’s Third District is no longer shown to be expanding. United States
St. Louis Fed Financial Stress Index
July 15: -1.83
Financial market stress eased in the week ended July 15. United States
Conference Board Leading Indicators
Jun. 2022: -0.8%
The Conference Board Leading Economic Index fell by 0.8% in June, falling below consensus expectations of a 0.5% decrease. United States
Natural Gas Storage Report
July 15: 32 bil cubic feet
Last week’s build in gas stocks fell short of consensus expectations, which will likely apply upward pressure on gas prices. Japan
Consumer Price Index
Jun. 2022: 2.1% y/y
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