| Today's Economy
Economic Roundup: Shaky Confidence The Conference Board Consumer Confidence Index declined in June, but remains in line with the historical average. Inside Economics Podcast: Episode 169—Jason Dorsey on Generations When do people about the same age start to behave differently from the group of people before them? LatAm Daily Briefing: Argentina Eyes Recovery The economy may finally be turning a corner. Europe Daily Briefing: A Sunny Day in Spain Spanish GDP advanced in the first quarter, higher than last quarter and earlier estimates. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Presidential Election Model Update: Little Movement in June We provide monthly updates to our 2024 presidential election prediction to assess the impact of new economic data and changes in our U.S. national and state forecasts. EU Trade: Waiting for Demand Global events have altered the direction and composition of European imports and exports. U.S. Chartbook: Waiting Game Consumers, manufacturers and potential homebuyers alike eagerly await lower interest rates. U.S. Employment Outlook: The Labor Market Gets Weird Either the job market for recent grads has turned unusually tough this year, or there are skewed seasonal factors at play. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Consumer Price Index
May. 2024: 2.0% y/y
Malaysia’s headline inflation reading ticked up to 2% year over year in May, coming in slightly above our and consensus expectations. Spain
GDP
2024Q1: 0.8% q/q
In seasonally adjusted terms, Spain's GDP grew 0.8% quarter over quarter in the first three months of 2024, a minor upward revision from its preliminary estimate. Hong Kong SAR (China)
Foreign Trade
May. 2024: -HKD12.1 bil
Hong Kong’s merchandise trade deficit for May came in at a narrow HKD12.1 billion after April’s deficit of HKD10.2 billion. Canada
Consumer Price Index
May. 2024: 2.9% y/y
Inflation in Canada reversed its downward trend in May. United States
Chicago Fed National Activity Index
May. 2024: 0.18
The Chicago Fed National Activity Index indicates that the U.S. economy has revved up a bit lately. United States
Philadelphia Fed Nonmanufacturing Survey
Jun. 2024: 15.1
Activity picked up for service-providers in the Fed’s Third District in June, according to the latest Nonmanufacturing Business Outlook Survey from the Philly Fed. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Apr. 2024: 7.2% y/y
U.S. house price appreciation decelerated in April, according to the S&P CoreLogic Case-Shiller Home Price Index. United States
FHFA Purchase-Only House Price Index
Apr. 2024: 6.3% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index is up 6.3% on a year-ago basis in April. United States
Richmond Fed Manufacturing Survey
Jun. 2024: -10
According to the Richmond Fed Manufacturing Survey, factory conditions deteriorated in June as the headline diffusion index fell back from 0 in May to -10. United States
Conference Board Consumer Confidence
Jun. 2024: 100.4
U.S. consumer confidence took a step back in June, and The Conference Board’s index is running close to its long-run average. United States
Regional and State Employment
May. 2024:
May’s state and regional employment report demonstrated the continued resilience of the U.S. labor market. United States
Texas Service Sector Outlook Survey
Jun. 2024: 1.9
The Texas services sector expanded in June, albeit at a slower pace compared to the month prior. Australia
Consumer Price Index
May. 2024:
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