| Today's Economy
Economic Roundup: Feeling Anxious Producer price inflation surprised to the upside and Fed Chair Powell reiterates patience. Final Thoughts Ahead of April’s U.S. CPI Following a 0.4% monthly increase in March, we expect headline and core inflation of 0.3% in April. LatAm Daily Briefing: Copper Gives Chile and Peru a Needed Boost The remarkable windfall from high copper prices may only be temporary. Credit Market View: Monetary Policy Forecast Changes Persistent high inflation and recent statements from Fed officials did cause us to remove one interest rate cut from 2024 with the first cut now in September. » VIEW MORE TODAY'S ECONOMY
Commentary
Taiwan Risk Matrix: Walking a Tightrope There could be wobbles ahead. U.S. Consumers Lead, Tentatively Spending growth looks set to slow but not stop. U.S. Chartbook: Confidence Tumbles There is hope that consumers' faith in the economy will revive; gasoline prices appear to be at or near their peak, and both house prices and the labor market remain strong. Euro Zone Risk Matrix: Shipping Shocks Shipping issues highlight that broader conflict in the Middle East could more directly affect oil supply if it becomes dangerous to ship out of the Strait of Hormuz. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
Apr. 2024: 2.2% y/y
In April, German inflation was recorded at 2.2% year over year, unchanged from the previous month. Finland
Consumer Price Index
Apr. 2024: 1.9% y/y
Finland’s consumer price inflation rate decelerated to 1.9% year over year in April from 2.2% in March. Spain
Consumer Price Index
Apr. 2024: 3.3% y/y
In April, Spain's consumer price index rose 3.3% year over year after a 3.2% gain in March. United Kingdom
Unemployment
Mar. 2024: 4.3%
The unemployment rate in the U.K. rose to 4.3% in the first quarter, up from 3.8% in the final quarter of 2023. United States
NFIB Small Business Survey
Apr. 2024: 89.7
The NFIB Small Business Optimism Index increased in April for the first time since December but remains low by historical standards. United States
Producer Price Index
Apr. 2024: 0.5% m/m
The producer price index for final demand jumped in April. Canada
Wholesale Trade
Mar. 2024: -1.1% m/m
Wholesale trade values fell 1.1% in March following a 2.3% rise in February. Core sales, excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain, also fell 1.1%. Colombia
Industrial Production
Mar. 2024: -11.1% y/y
Manufacturing output contracted again in March amid weak domestic and external demand. Uruguay
Industrial Production
Mar. 2024: -16.7% y/y
Uruguay's industrial production plummeted 16.7% y/y in March as the ANCAP oil refinery maintenance stoppage continued to drag manufacturing down. Argentina
Consumer Price Index
Apr. 2024: 289.4% y/y
The statistics office’s national consumer price index increased 8.8% m/m in April after 11% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 