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Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, June 29, 2022

Today's Economy


LatAm Daily Briefing: Uruguay's Economy Steams Ahead

Optimistic numbers indicate a vibrant economy.

Europe Daily Briefing: Confidence Declines in June

Business and consumer confidence fell in the euro zone.

Asia-Pacific Daily Briefing: Retail Sales Improved in Japan and Australia in May

Things aren't as rosy as they seem.

Economic Roundup: U.S. Consumers Turning More Pessimistic About Future

The Conference Board consumer sentiment survey dropped in June.

» VIEW MORE TODAY'S ECONOMY



Commentary


Considering the Economic Consequences of the End of Roe v. Wade

The Supreme Court’s decision does not materially change the outlook, but does pose new risks.

U.S. Chartbook: Pessimism Goes Viral

Data from the real economy and consumer sentiment are diverging in some confounding ways.

Euro Zone Recession Risks: Reasons to Be Gloomy

We attach a 50% probability of recession in the currency area over the next 12 months.

LatAm Supply Chains: Still Tough to Tango

Microchips, bad weather and labor strikes all add to the strain.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Thailand
Industrial Production
May. 2022: -2.1%
Rising shipping and energy prices costs dented Thai manufacturing in May, leading industrial production to fall 2.1% over the year.

Japan
Consumer Confidence
Jun. 2022: 32.1
Japan’s consumer confidence index fell back in June, dropping to 32.1 from 34.1.

Spain
Retail Sales
May. 2022: 0.0% m/m
Spain's retail sales were flat in May, following a 5.3% m/m increase in April.

Austria
Employment and the Labour Market
May. 2022: 5.7%
Austrian labour statistics keep improving.

Euro Zone
Business and Consumer Sentiment
Jun. 2022: 104.0
The euro zone’s economic sentiment indicator declined to 104 in June from 105 in May. Sentiment fell in the construction and retail sectors, and among consumer; industrial and services sentiment brightened meanwhile.

Belgium
Consumer Price Index
Jun. 2022: 9.6% y/y
Consumer price growth in Belgium accelerated further in June, clocking in at a whopping 9.65% year over year.

United States
MBA Mortgage Applications Survey
June 24: 0.7%
Mortgage application volume inched up in the week ended June 24.

Chile
Employment
May. 2022: 7.8%
Chile's national unemployment rate averaged 7.8% in the March-May rolling quarter, down from 10% a year earlier.

United States
GDP
2022Q1: -1.6%, q/q, SAAR
U.S.

United States
Industry GDP
2022Q1: -1.8 ppt, SAAR
The third and final estimate of first-quarter GDP shows output contracted by an annualized 1.6%.

United States
Moody's Analytics Inflation Expectations Pulse
June 26: 2.84%
Inflation expectations inched down in the week ended June 26.

United States
Oil Inventories
June 24: 415.6 mil barrels
A larger-than-expected decrease in oil stocks should put some more upward pressure on high oil prices.

Russian Federation
Industrial Production
May. 2022: -1.7% y/y
Russia's industrial production decreased by 1.7% y/y in May, slightly worsening the 1.6% loss in April, as a result of a contraction in all main industries except for electricity, gas, steam and air conditioning supply.

Russian Federation
Retail Sales
May. 2022: -10.1% y/y
Seasonally adjusted Russian retail sales recovered slightly by 0.5% m/m in May after tumbling by an upwardly revised 11.2% previously.

Russian Federation
Unemployment
May. 2022: 3.9%
Russia's not seasonally adjusted unemployment rate dropped to 3.9% in May from 4% in April.

South Korea
Industrial Production
May. 2022:

South Korea
Retail Sales
May. 2022:

Japan
Industrial Production
May. 2022:

China
Manufacturing PMI
Jun. 2022:

» VIEW MORE ECONOMIC INDICATORS

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