| Today's Economy
Economic Roundup: U.S. Consumer Confidence Sours Amid Higher Inflation University of Michigan consumer confidence posted its biggest decline since mid-2021 and the U.K. pulls itself out of a technical recession. Geopolitical Risk Calendar: More Strain in U.S.-Israel Relations The U.S. president warned Israel that if it invades Rafah in Gaza he would withhold critical offensive weapons. Canada Weekly: Out of Balance In fiscal 2024, provincial budget deficits are expected to widen across the board. Europe Daily Briefing: Growth Surprises in the U.K. First-quarter GDP rushed ahead of forecasts. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, May 10, 2024 We expect a modest deceleration in CPI inflation in the first month of the second quarter. Latin America Weekly Highlights and Preview, May 10, 2024 Brazil and Chile get a boost from substantial trade surpluses. Europe Weekly Highlights and Preview, 10 May, 2024 The European Central Bank still has its eyes on inflation. Asia-Pacific Weekly Highlights and Preview, 10 May, 2024 Markets are waiting on a bunch of Chinese indicators for April. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Industrial Production
Mar. 2024: 2.4% y/y
Malaysia’s industrial production index rose 2.4% y/y in March. Norway
Consumer Price Index
Apr. 2024: 3.6% y/y
Norway’s CPI inflation rate slowed to 3.6% year over year in April from 3.9% in March, mostly driven by falling prices in energy and declining price growth in services. Denmark
Consumer Price Index
Apr. 2024: 0.8% y/y
In April, the Danish headline consumer price index rose by 0.8% year over year, decelerating slightly from the 0.9% y/y increase registered in March. United Kingdom
GDP - Quarterly
2024Q1: 0.6% q/q
U.K. United Kingdom
Monthly GDP
Mar. 2024: 0.4% m/m
The U.K.’s GDP expanded by 0.4% month over month in March, building on a upwardly revised 0.2% increase in February and rounding off a very upbeat first quarter for the British economy (with GDP rising 0.6% quarter over quarter). Italy
Industrial Production
Mar. 2024: -0.5% m/m
Italy's industrial production fell by 0.5% month over month in March, significantly worse than our forecast of a 0.2% increase. Mexico
Industrial Production
Mar. 2024: -3.0% y/y
Industrial production in Mexico moderated in March, influenced by the timing of Easter week, which reduced the number of working days in the month. Brazil
Consumer Price Index
Apr. 2024: 3.69% y/y
Brazil’s inflation continued to decline in April as consumer prices returned to monthly increases more consistent with historical trends. India
Industrial Production
Mar. 2024: 4.9% y/y
India’s industrial production grew 4.9% year over year in March. Canada
Labor Force Survey
Apr. 2024: 6.1%
Unemployment held steady in April as job growth rebounded from a poor showing in the prior month. United States
University of Michigan Consumer Sentiment Survey
May. 2024: 67.4
Confidence unexpectedly tumbled in May, posting its biggest decline since August 2021, according to the University of Michigan consumer sentiment index. Peru
Monetary Policy
May. 2024: 5.75%
With inflation diving below the upper bound of the central bank's 1% to 3% target, the Central Reserve Bank of Peru's board of directors announced another 25-basis point cut to the policy rate, bringing the key reference rate to 5.75%. Canada
RPS House Price Index
Apr. 2024: 3.2% y/y
United States
Treasury Budget
Apr. 2024: $209.5 bil
The Treasury budget recorded a surplus of $209.5 billion in April as individual tax deposits came in stronger than expected. China
Consumer Price Index
Apr. 2024:
China
Producer Price Index
Apr. 2024:
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