| Today's Economy
Economic Roundup: U.S. Labor Is Too Hot to Handle Job growth is moderating but remains very strong, keeping pressure on the Fed. Fluke or Trend? Not seasonally adjusted U.S. retail employment fell in May; that hasn't happened since the 1960s. Geopolitical Risk Calendar: European Council Announces Further Russian Ban The sanctions would immediately impact 75% of oil imports from Russia. Europe Daily Briefing: Euro Zone Retail Loses Previous Gains Euro zone retail tumbled 1.3% m/m in April after soft growth in the first quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, June 3, 2022 Regional unemployment rates are stabilizing. Canada Risk Matrix: Curb Your Credit Rapid interest-rate increases put highly leveraged households back in the spotlight. Europe Weekly Highlights and Preview, 3 June, 2022 The European Central Bank is set to raise its rate by 25 basis points. Asia-Pacific Weekly Highlights and Preview, June 3, 2022 Central banks in Australia, India and Thailand will make monetary policy announcements. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Retail Sales
Apr. 2022: 12.1%
Singapore’s retail sales maintained their momentum in April, swinging up by 12.1% y/y from the previous month’s 8.7% increase. France
Industrial Production
Apr. 2022: -0.1% m/m
France’s industrial production fell again in April, by 0.1% m/m, after a 0.4% decline in March. Euro Zone
Retail Sales
Apr. 2022: -1.3% m/m
Euro zone retail sales in April continued to suffer from the consequences of Russia's invasion of Ukraine, contracting 1.3% m/m on a seasonally adjusted basis. Ireland
GDP
2022Q1: 10.8% q/q
Irish GDP surged 10.8% q/q in the first quarter of 2022 after slumping 6.2% q/q in the fourth quarter of 2021. Belgium
Retail Sales
Apr. 2022: -1.5% y/y
Retail sales excluding motor vehicles and motorcycles in Belgium slipped in April, falling 1.5% from a year earlier. Brazil
Industrial Production
Apr. 2022: 0.5% y/y
Brazil's national industry reported a mild annual increase in April. United States
Employment Situation
May. 2022: 390,000 m/m
The labor market keeps rolling along. United States
ISM Nonmanufacturing Index
May. 2022: 55.9
The U.S. nonmanufacturing sector expanded in May for the 24th month in a row, but the breadth of growth was narrower than in the prior month. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
June 01: 93.0
The Moody’s Analytics & CNN Business Back-to-Normal Index slid 1.2 points this week from 94.2 to 93. Uruguay
Consumer Price Index
May. 2022: 9.4% y/y
In line with our expectations, inflation in Uruguay remained high at 9.4% in May year on year, same as in the previous month. » VIEW MORE ECONOMIC INDICATORS | 
