| Today's Economy
Jobs Report Suggests Businesses Have Not Lost Control of Labor Costs Businesses apparently have continued to be selective with wage increases. Economic Roundup: Isn't It Ironic Trade tensions ratchet up the same day the U.S. trade deficit narrows noticeably. Soybeans Help Narrow U.S. Trade Deficit in May This is a temporary support, since China's tariffs will hurt U.S. soybean exports in July and August. Canada Weekly: Policy in the Time of Trade War The Bank of Canada has a tough decision to make as a trade war clouds the outlook. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: The Downside Risks Geopolitical tensions remain heightened, especially as the wave of global trade protectionism shows no sign of calming. Latin America Economic Preview: 9-13 July Inflation rises in Argentina and seems to have hit bottom in Mexico Europe Weekly Highlights and Preview, 6 July, 2018 What will U.K. industrial production mean for monetary policy at the Bank of England? Detour Ahead for U.S. Infrastructure As a share of GDP, government investment in everything from roads to schools to power lines sits at its lowest level on record. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Industrial Production
May. 2018: 2.6%
German industrial production recovered in the middle of the second quarter, rising 2.6% m/m following a revised 1.3% drop in April. Italy
Retail Sales
May. 2018: 0.8%
Retail sales gained 0.8% m/m, following an upwardly revised 0.6% decline in April. Brazil
Consumer Price Index
Jun. 2018: 4.39%
Inflation rebounded strongly in June as the truck drivers' strike caused scarcity of several products. Chile
Consumer Price Index
Jun. 2018: 2.54%
Chile’s inflation moved up as the low comparison base amplified the annual growth rate. Colombia
Consumer Price Index
Jun. 2018: 3.2%
Colombia’s annual inflation rate accelerated slightly in June amid rising energy prices. United States
Employment Situation
Jun. 2018: 213,000
The labor market remains remarkably robust well into its ninth year of continual expansion. Employers added 213,000 jobs to payrolls in June. United States
International Trade (FT900)
May. 2018: -$43.1 bil
The U.S. trade deficit narrowed by $3 billion in May, indicating that trade will contribute positively to second quarter GDP growth. Canada
International Merchandise Trade
May. 2018: -C$ 2.77 bil
Canada's trade deficit widened in May, as imports increased while exports fell. Canada
Labor Force Survey
Jun. 2018: 6%
Unemployment rose in June but the increase does not suggest that the economy is worsening. Russian Federation
Consumer Price Index
Jun. 2018: 0.5%
Russian inflation picked up marginally in June, hitting 0.5% month over month. Canada
Purchasing Managers' Index
Jun. 2018: 63.1
The seasonally adjusted Ivey Purchasing Managers' Index hit 63.1 in June, indicating that, on balance, more firms reported higher purchases than in May. United States
ECRI Weekly Leading Index
June 29: 147.4
The U.S. economy remains healthy, and the outlook is bright for the months ahead. United States
Natural Gas Storage Report
June 29: 78 bil cubic feet
The increase in natural gas stocks was slightly above analyst expectations, which will apply modest downward pressure on prices. » VIEW MORE ECONOMIC INDICATORS | 