| Today's Economy
Economic Roundup: Q2 Off to a Slow Start U.S. vehicle sales and ISM surveys weaken in April. Weather Appears to Ding U.S. Construction Spending for March New data lowered our tracking estimate of Q1 GDP growth from 2.3% to 2.2%. The Problem With the 'Made in China 2025' Strategy Success in being a self-sufficient hi-tech powerhouse means being at the forefront of innovation—a tall order. Asia-Pacific Daily Briefing: Australia's Central Bank Holds Firm A lift-off in interest rates remains unlikely until mid- or late 2019. » VIEW MORE TODAY'S ECONOMY
Commentary
New Technologies Unlikely to Spur 1990s-Like Growth The absence of a sustained rise in the U.S. potential growth rate increases the odds of overheating. The North Korea Threat Abates The April summit between the North and South is progress, but be skeptical. U.S. Weekly Highlights and Preview, April 27, 2018 We look for solid job growth, firming in core PCE deflator, and no changes by the Fed. Macro Roundup: BoJ Sidelined, but Growth Engine Is Stable March’s improved data dump is welcome in an otherwise slow quarter for Japan. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
CoreLogic Home Price Index
Mar. 2018: 7.0%
The CoreLogic Home Price Index rose 7% year over year in March and 1.4% over the previous month. Australia
Monetary Policy
May. 2018: 1.5%
As expected, the Reserve Bank of Australia kept the cash rate at 1.5% for the 20th consecutive month. Peru
Consumer Price Index
Apr. 2018:
Canada
Industry Output
Feb. 2018: 0.4%
The Canadian economy recovered in February from a small decline in January. United States
Construction Spending (C30)
Mar. 2018: -1.7%
Total construction spending in March declined at a seasonally adjusted rate of 1.7% from a month earlier, well below the consensus estimate of a 0.5% gain. In better news, construction spending in both January and February was revised higher this month. United States
ISM Manufacturing Index
Apr. 2018: 57.3
The ISM manufacturing index came in weaker than expected in April, but fundamentals remain supportive and we continue to look for decent gains in factory production. United States
Moody’s Analytics Policy Uncertainty Index
April 27: 120.2
U.S. economic policy uncertainty is climbing because of the dynamics in Washington DC. New Zealand
Employment Situation
2018Q1:
South Korea
Consumer Price Index
Apr. 2018:
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