| Today's Economy
Canada Weekly: The ZEV Race to 2035 By 2035, all new-vehicle registrations must be for zero-emission vehicles. Are we close to target? Economic Roundup: What’s Up With Consumers? University of Michigan consumer sentiment posted a fourth decline in the last five months. Europe Daily Briefing: Inflation Comeback Price growth reaccelerated in France, Spain and Germany. Geopolitical Risk Calendar: Shakeup for the EU Parliament Voters moved to the right, creating uncertainty for the trajectory of policies on trade, climate and immigration. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Road to Recession: More Modest Growth After a few quarters of hot growth, economic expansion will cool in the year ahead. U.S. Weekly Highlights and Preview, June 14, 2024 Homebuilders' confidence likely has remained low in June. Latin America Weekly Highlights and Preview, June 14, 2024 Industrial production gets a boost in Mexico and Uruguay. Institutional Investors Maintain Strong Presence in U.S. Housing We look at trends, regional disparities and implications for homeownership. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland
Consumer Price Index
May. 2024: 1.5% y/y
Finland’s consumer price inflation rate decelerated to 1.5% year over year in May from 1.9% in April. Sweden
Consumer Price Index
May. 2024: 3.7% y/y
Sweden’s CPI inflation rate was 3.7% year over year in May, down from 3.9% in April. France
Consumer Price Index
May. 2024: 2.3% y/y
France’s CPI inflation rate edged up slightly to 2.3% year over year in May from 2.2% in April. Euro Zone
External Trade
Apr. 2024: €15 bil
The euro zone’s not seasonally adjusted trade balance in goods reached a surplus of €15 billion this April, up from a deficit of €11.1 billion in the same month a year earlier. United States
Import and Export Prices
May. 2024: -0.4% m/m
U.S. import prices fell 0.4% in May after a 0.9% advance in April, the first monthly decline this year. Canada
Survey of Manufacturing
Apr. 2024: 1.1% m/m
Manufacturing sales experienced a small pickup in April, growing 1.1% to $70.8 billion. Canada
New Motor Vehicle Sales
Apr. 2024: 15.7% y/y
New-vehicle sales increased for the third consecutive month in April, climbing 2%. Canada
Wholesale Trade
Apr. 2024: 4.1% m/m
Wholesale trade values rebounded in April following a fall in the prior month. United States
Moody's Analytics Used Vehicle Price Indexes
May. 2024: -12.7%
The Moody’s Used Vehicle Sale Price Index and the Retention Index declined 3.07% and 3.44%, respectively, in seasonally adjusted terms, with decreases of 2.65% and 2.91% in not seasonally adjusted terms, month over month. United States
University of Michigan Consumer Sentiment Survey
Jun. 2024: 65.6
Confidence unexpectedly fell again in June, posting its fourth decline in the last five months, according to the University of Michigan consumer sentiment index. World
Moody's Analytics Global GDP
2024Q1: 3.2% q/q SAAR
Global GDP growth accelerated in the first quarter, according to the first estimate from Moody’s Analytics. Colombia
Industrial Production
Apr. 2024: 4.1% y/y
Manufacturing output rebounded in April, though the positive report is partly because of the timing of this year’s Holy Week holiday, which added business days in April compared with 2023. Russian Federation
Consumer Price Index
May. 2024: 8.3% y/y
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