| Today's Economy
Economic Roundup: U.S. Small Businesses Remain on Edge Main Street is anxious about the future, and we made few major changes to our baseline in June. New Border Policy Will Limit, Not Derail Immigration If immigration is sharply curtailed, either by this order or other changes to federal immigration policy, it will have substantial consequences for the U.S. economy. Final Thoughts Ahead of May’s U.S. CPI We expect 0.1% and 0.3% growth, respectively, in the headline and core consumer price index. LatAm Daily Briefing: Argentina’s Make-or-Break Moment Despite a strong start, the new administration’s economic adjustments are starting to falter. » VIEW MORE TODAY'S ECONOMY
Commentary
Rising Government Debt in APAC Creates Some Risk for the Medium-Term Outlook High sovereign debt-to-GDP ratios may make it difficult for fiscal policy support in much of Asia. U.S. Chartbook: A Balancing Act A loosening but resilient labor market remains on steady footing. Macron Calls for Snap French Elections The president has challenged voters to test the sincerity of their support for the far right in European elections. U.S Jobs Report Cont'd: Bulwark Despite pervasive gloom, the labor market keeps the U.S. economic expansion rolling along. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Consumer Price Index
May. 2024: 2.7% y/y
Dutch consumer price inflation was confirmed at 2.7% year over year in May, unchanged from the previous month. United Kingdom
Unemployment
Apr. 2024: 4.4%
The U.K.'s unemployment data has been reweighted according to population data from 2022. United States
NFIB Small Business Survey
May. 2024: 90.5
The NFIB Small Business Optimism Index increased for the second consecutive month in May, but things remain shaky on Main Street. Mexico
Industrial Production
Apr. 2024: 5.1% y/y
Mexico’s industrial production rebounded in April as the seasonal effect of the Easter week benefited the annual growth rate by adding few more working days in April. Brazil
Consumer Price Index
May. 2024: 3.93% y/y
Annual inflation in Brazil experienced a slight recovery in May, influenced by an unfavorable comparison base from the previous year. Canada
Building Permits
Apr. 2024: 20.5% m/m
Building permits in Canada jumped significantly in April, with the total value rising 20.5% month over month to a whopping $12.8 billion. United States
Quarterly Services Survey
2024Q1: 2.3% q/q
Revenue growth in the service sector posted another strong showing to start 2024. Colombia
Consumer Price Index
May. 2024:
South Korea
Employment
May. 2024:
China
Consumer Price Index
May. 2024:
China
Producer Price Index
May. 2024:
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