| Today's Economy
Draghi Turns More Dovish The European Central Bank president signals the bank is ready to act, if needed. The Power of the Trump Put The put has helped the market in the past but could pack less of a punch down the road. Colombia Adjusts Fiscal Deficit Forecast The lower target is linked to projected robust growth. Europe Daily Briefing: The Summer Slowdown Euro zone inflation fell, and the trade surplus narrowed. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Searching for the Warning Signs No glaring potential macroeconomic imbalances are forming yet. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Consumer Price Index
May. 2019: 1.2%
Final numbers showed that euro zone inflation plunged to 1.2% y/y in May from 1.7% in April, in line with our expectations. Euro Zone
External Trade
Apr. 2019: €15.7 bil
The euro zone’s external trade surplus narrowed to €15.7 billion in April from €17.1 billion a year earlier. United States
New Residential Construction (C20)
May. 2019: 1.269 mil
Housing starts slipped slightly in May, falling 0.9% below the revised April total and by 4.7% from a year earlier. Canada
Survey of Manufacturing
Apr. 2019: -0.6%
Manufacturing sales retreated slightly in April following a strong showing in March. Russian Federation
GDP
2019Q1:
Russian Federation
Industrial Production
May. 2019: 0.9%
Russian industrial production took a step backwards in May after a healthy gain in April. United States
Moody’s Analytics Policy Uncertainty Index
June 14: 130.5
The four-week moving average in our U.S. policy uncertainty index increased from 129.5 to 130.5 in the week ended June 14. United States
State and Local Government Tax Revenue
2019Q1: 2.0%
State tax revenues posted a lackluster gain of 2% in the first quarter. World
Moody's Analytics Global GDP
2019Q1: 3.2%
The global economy got off to a good start this year, but the escalation in the U.S.-China trade tensions has begun to bite into growth. Japan
Foreign Trade
May. 2019:
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