Today's Economy Economic Roundup: Good News for the Economy, Bad News for Trade Talks May data reports for the U.S. and China were positive, but that may complicate negotiations. Q2 U.S. GDP Looks Better, for Now The economy was gathering momentum before the trade tensions escalated. Europe Daily Briefing: Warmer Weather, Cooler Prices France and Italy joined the list of countries with weakened inflation. Peru’s Central Bank Sticks to Playbook Directors voted to keep rates on hold, despite soft economic data. » VIEW MORE TODAY'S ECONOMY
Commentary Europe Weekly Highlights and Preview, 14 June, 2019 The U.K. will hold the next round of voting for leadership of the Conservative Party, with repercussions for Brexit. Latin America Economic Preview: 17-21 June Argentina continued to sink in the first quarter amid high unemployment. New Zealand Outlook: Losing Speed The RBNZ has stepped up support and will deliver further reductions in 2019. Chile Reverses on Monetary Normalization The policy rate was cut based on a new estimation of the output gap. » VIEW MORE COMMENTARY
Today's Economic Indicators
World Moody's Analytics Global GDP 2019Q1: Japan Industrial Production Apr. 2019: Canada RPS House Price Index May. 2019: France Consumer Price Index May. 2019: 1.1% France's EU-harmonized inflation rate dipped further to 1.1% y/y in May after hitting 1.5% during April. China Fixed Asset Investment May. 2019: 5.6% Fixed asset investment growth in China slowed to 5.6% y/y year to date in May, down from 6.1% in April and 6.3% in March. China Industrial Production May. 2019: 5% China's industrial production growth slowed to 5% y/y in May, down from the 5.4% gain in April and the weakest reading since 2002. China Retail Sales May. 2019: 8.6% China's retail trade surprised on the upside in May, despite disappointing investment and industrial production results, rising by 8.6% y/y following the 7.2% gain in April. Italy Consumer Price Index May. 2019: 0.9% Italy’s harmonized index of consumer prices rose 0.1% m/m and 0.9% y/y in May following a 1.1% y/y increase in April. Russian Federation Monetary Policy Jun. 2019: 7.5% Russia's central bank cut the key interest rate by 25 basis points to 7.5% at its June meeting. Peru Monetary Policy Jun. 2019: 2.75% Policymakers stuck to their playbook in the June meeting of the central bank’s rate-setting committee, leaving the key reference rate unchanged at 2.75%. United States Retail Sales May. 2019: 0.5% U.S. retail sales were stronger than expected in the May report—not in terms of the 0.5% growth reported, but in terms of the large upward revision to April growth. Canada New Motor Vehicle Sales Apr. 2019: -5.3% The recovery of new motor vehicle sales suffered a setback in April. Peru Unemployment May. 2019: United States Industrial Production May. 2019: 0.4% Industrial production rose 0.4% in May, its second increase in the last three months. United States Business Inventories (MTIS) Apr. 2019: 0.5% Inventories expanded in April by 0.5% in line with consensus expectations. United States University of Michigan Consumer Sentiment Survey Jun. 2019: 97.9 Consumer sentiment lost ground in June but did not fully set back its May increase, according to the University of Michigan Consumer Sentiment Survey. Colombia Industrial Production Apr. 2019: -1.3% Manufacturing output contracted 1.3% y/y in April after expanding 3.2% in the previous month. » VIEW MORE ECONOMIC INDICATORS |