| Today's Economy
Inside Economics Podcast: Bonus Episode—Assessing the Macroeconomic Consequences of Biden Vs. Trump What policies would likely be implemented under different election scenarios, and what would be their economic impact? Happy Independence Day Our U.S. offices are closed Thursday for the Fourth of July. Economic Roundup: U.S. Labor Market Poised for Another Big Gain We look for another strong job gain in June as hiring held up while layoffs remain muted. Final Thoughts Ahead of June U.S. Employment We look for the economy to have added 240,000 jobs on net in June. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Inflation Moderation The Fed's preferred measure of inflation moved closer to target on a year-ago basis. U.S. Housing Outlook: The Midyear Assessment The market will continue to face considerable challenges in the second half of the year due to high rates and low affordability. Europe Chartbook: June's Industrial Gloom Sentiment among factories fell, but tourism still looks promising. Vietnam on Track to Hit Growth Target in 2024 Second-quarter growth beat expectations, but downside risks persist. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Natural Gas Storage Report
June 28: 32 bil cubic feet
Last week’s build in natural gas storage was almost on par with analyst predictions, suggesting the build will not affect pricing. United States
MBA Mortgage Applications Survey
June 28: -2.6%
Mortgage activity declined in the final week of June, ending a three-week streak of growth. United States
Challenger Report
Jun. 2024: 48,786
U.S.-based employers announced 48,786 job cuts in June. Brazil
Industrial Production
May. 2024: 0.05% y/y
Industrial production moderated significantly in May as manufacturing production contracted mildly. United States
Jobless Claims
June 29: 238,000
U.S. initial claims for unemployment insurance remain slightly elevated. United States
International Trade (FT900)
May. 2024: -$75.1 bil
The U.S. trade deficit in goods and services rose to $75.1 billion in May from a revised value of $74.5 billion in April. Canada
International Merchandise Trade
May. 2024: -C$ 1.93 bil
In May, Canada's merchandise exports decreased 2.6%, while imports fell 1.6%. United States
ISM Nonmanufacturing Index
Jun. 2024: 48.8
In June, the service-providing industries experienced a contraction in activity, according to the latest ISM nonmanufacturing survey. United States
Factory Orders (M3)
May. 2024: -0.5% m/m
In May, U.S. factory orders fell 0.5% from the month before. United States
Oil Inventories
June 28: 448.5 mil barrels
A larger-than-anticipated draw in oil inventories will likely put some upward pressure on prices. United States
Vehicle Sales - BEA
Jun. 2024: 15.3 mil, SAAR
June was an unusual month for the U.S. auto industry, with new light-vehicle sales experiencing a downturn—declining 4% from May and 5% year over year. Uruguay
Consumer Price Index
Jun. 2024: 4.96% y/y
Annual Inflation in Uruguay increased again in June, following a rebound in May. Australia
Foreign Trade
May. 2024:
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