| Today's Economy
Economic Roundup: U.S. Labor Market Does It Again Payroll employment rose by 272,000 in May, coming in stronger than our above-consensus projection. Geopolitical Risk Calendar: Europe Elects a New Parliament The institution will likely be more divisive in the next five years. Europe Daily Briefing: Euro Zone Growth Confirmed In the first three months of the year, GDP grew 0.3% q/q. Asia-Pacific Daily Briefing: Steel Shipments Drive Up China's Trade Balance The trade surplus of $82.6 billion in May was the largest since January. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S Jobs Report Cont'd: Bulwark Despite pervasive gloom, the labor market keeps the U.S. economic expansion rolling along. U.S. Weekly Highlights and Preview, June 7, 2024 May’s CPI should show some easing. Canada Outlook: First-Mover Advantage The Bank of Canada’s pivot ahead of other G-7 central banks will help jump-start growth later this year. Latin America Weekly Highlights and Preview, June 7, 2024 Brazil and Chile see higher trade surpluses. » VIEW MORE COMMENTARY
Today's Economic Indicators
India
Monetary Policy
Jun. 2024: 6.50%
In its third meeting of the year, the Reserve Bank of India’s Monetary Policy Committee kept the repo rate steady at 6.5%. Thailand
Consumer Price Index
May. 2024: 1.5% y/y
Thailand's consumer price index rose 1.5% year on year in May after rising 0.2% a month prior. Japan
Consumption Activity Index
Apr. 2024: 0.5% m/m
The Bank of Japan’s real consumption activity index adjusted for travel rose 0.5% m/m in April, beating our forecast for a flat reading. Germany
Industrial Production
Apr. 2024: -0.1% m/m
Industrial production was effectively flat in April after experiencing a mild drop in March. Taiwan (China)
Foreign Trade
May. 2024: US$6.1 bil
In May, Taiwan’s trade surplus fell to $6.1 billion from $6.5 billion in April, close to our forecast of $6.2 billion and much less than the consensus forecast of $6.8 billion. Euro Zone
GDP
2024Q1: 0.3% q/q
The euro zone’s first-quarter GDP growth rate was confirmed at 0.3% quarter over quarter, reversing a previous 0.1% decline in the fourth quarter. Russian Federation
Monetary Policy
Jun. 2024: 16%
At its June meeting, the Central Bank of Russia kept its benchmark interest rate at 16%. Mexico
Consumer Price Index
May. 2024: 4.69% y/y
Mexico’s inflation remained above the 4% target in May, showing resistance to fall further as the comparison base affected annual growth. Chile
Consumer Price Index
May. 2024: 4.13% y/y
In May, Chile's annual inflation experienced an upward trend due to an unfavorable base effect, although the price hikes aligned with the month's historical trends. Canada
Industrial Capacity Utilization
2024Q1: 78.5%
Industrial capacity utilization came in at 78.5% in the first quarter of 2024, relatively unchanged from the prior quarter. Canada
Labor Force Survey
May. 2024: 6.2%
Employment growth cannot keep pace with Canada's explosive demographics. United States
Employment Situation
May. 2024: 272,000 m/m
The labor market returned to form in May. Chile
Foreign Trade
May. 2024: US$1,598 mil
Chile recorded another large trade surplus in May amid a surge in copper prices and still-weak imports. United States
Wholesale Trade (MWTR)
Apr. 2024: 0.1% m/m
Wholesale inventories increased 0.1% in April following a downwardly revised 0.5% decline in March. United States
Financial Accounts - Households
2024Q1: $160.84 tril
Household wealth surged to another record high in the first quarter as surging equity prices were supplemented by a modest gain in real estate equity. United States
Financial Accounts - Nonfinancial Corporate
2024Q1: $32.25 tril
Nonfinancial corporation’s wealth expanded in the first quarter. United States
Consumer Credit (G19)
Apr. 2024: $6.4 bil
The stock of consumer credit outstanding expanded by $6.4 billion in April, falling well short of consensus expectations for an $11 billion addition. » VIEW MORE ECONOMIC INDICATORS | 
