| Today's Economy
Canada Weekly: Rolling Back Temporary Foreign Worker Program Policy An evolving labor market warrants recent changes. Geopolitical Risk Calendar: Labour Scores Victory in U.K. Elections The new government is set to implement significant policy shifts. Europe Daily Briefing: Changing of the Guard The U.K. welcomes its first Labour government in 14 years. Economic Roundup: Cool Summer U.S. payroll employment rose by 206,000 in June, less than we expected. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 5 July, 2024 Previously reported preliminary estimates of June CPI inflation will likely be confirmed in Germany, France and Spain. U.S. Weekly Highlights and Preview, July 5, 2024 June’s CPI will close the books on a second quarter that has thus far been a successful offset to the first quarter’s inflation scare. How Will Labour Address the U.K.’s Fiscal Challenges? The new government may soon have to choose between higher taxes, higher borrowing or spending cuts. Asia-Pacific Weekly Highlights and Preview, 5 July, 2024 Singapore's Q2 GDP results will be a barometer for trade over the quarter. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Consumer Price Index
Jun. 2024: 0.6% y/y
Thailand's consumer price index rose 0.6% year on year in June after rising 1.5% a month prior. Japan
Consumption Activity Index
May. 2024: 0.0% m/m
The Bank of Japan’s real consumption activity index adjusted for travel stayed unchanged in May, matching our forecast. France
Industrial Production
May. 2024: -2.1% m/m
France's industrial production dropped 2.1% month on month in May, the biggest drop since October 2022, compared with an upwardly revised 0.6% rise in April. Spain
Industrial Production
May. 2024: -0.1% m/m
In seasonally and calendar-adjusted terms, Spain’s industrial production contracted 0.1% month over month in May. Taiwan (China)
Consumer Price Index
Jun. 2024: 2.4% y/y
Taiwan’s inflation rate rose to 2.4% y/y in June from May’s 2.2%, with food inflation accelerating for a second consecutive month. Italy
Retail Sales
May. 2024: 0.4% m/m
Italy’s retail sales were up 0.4% month over month in May, above our forecast of a 0.2% increase. Euro Zone
Retail Sales
May. 2024: 0.1% m/m
Euro zone retail sales grew 0.1% month on month in May, reversing some of April's upwardly-revised 0.2% decrease. Germany
Industrial Production
May. 2024: -2.5% m/m
German industrial production fell like a stone in May, declining 2.5% m/m. Canada
Labor Force Survey
Jun. 2024: 6.4%
With hiring at a standstill, unemployment jumped higher in June. United States
Employment Situation
Jun. 2024: 206,000 m/m
The labor market is holding up in the face of challenges. Canada
Purchasing Managers' Index
Jun. 2024: 62.5
The Ivey Purchasing Managers’ Index popped up in June, increasing to 62.5 from 52 in May. Russian Federation
GDP
2024Q1: 5.4% y/y
Argentina
Industrial Production - Advance
May. 2024: -14.8% y/y
Industrial output contracted 14.8% year on year in May (NSA) after falling 16.6% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 