| Today's Economy
Economic Roundup: Homebuilding Reaccelerates After declining in March, new residential construction moved up again in April. LatAm Daily Briefing: Monetary Easing: Leaders and Laggards Central banks take various approaches to monetary restriction. Europe Daily Briefing: Italian Inflation Surprises April figures came in below our expectations. Asia-Pacific Daily Briefing: Japan's Economy Contracted in Q1 Cautious households are a problem for the economy. » VIEW MORE TODAY'S ECONOMY
Commentary
Australian Budget Review: A Big Bet (and Spending) to Bring Down Inflation Bigger deficits will follow the bonus budget surplus in 2023-24. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Philippines
Monetary Policy
May. 2024: 6.5%
Bangko Sentral ng Pilipinas kept its overnight reverse repo rate steady at 6.5% at its third meeting of the year. Italy
Consumer Price Index
Apr. 2024: 0.8% y/y
In April, Italy's consumer price inflation ticked down to 0.8% year over year, slightly below our forecast of a 1.1% reading. United States
Jobless Claims
May 11: 222,000
U.S. initial claims for unemployment insurance reversed course after jumping in the prior week. World
Moody's Analytics Global CPI
Apr. 2024: 1.0% m/m
The Moody’s Analytics estimate of worldwide CPI inflation was 13.9% y/y in April, the same as for March. United States
Import and Export Prices
Apr. 2024: 0.9% m/m
U.S. import prices rose 0.9% in April, the largest monthly increase since March 2022 and the fourth consecutive rise this year. United States
Philadelphia Fed Survey
May. 2024: 4.5
Though still positive, the Philadelphia Fed’s Manufacturing Business Outlook Survey took a step back in May. United States
New Residential Construction (C20)
Apr. 2024: 1.360 mil, SAAR
Residential construction accelerated in April as total housing starts expanded 5.7% to a seasonally adjusted annualized rate of 1.36 million units. United States
Industrial Production
Apr. 2024: 0.0% m/m
The latest report from the Federal Reserve Board shows U.S. industrial production was unchanged between March and April. United States
MBA Delinquency Rates
2024Q1: 3.94%
Mortgage delinquency rates increased for the third quarter in a row in a return-to-normal trend. United States
St. Louis Fed Financial Stress Index
May 10: -0.90
U.S. financial stress declined in the week ended May 10, with the St. United States
Natural Gas Storage Report
May 10: 70 bil cubic feet
Last week’s build in natural gas storage was slightly smaller than consensus predictions, so this report could push up on surging gas prices. United States
Moody's Analytics Commercial Real Estate Price Index
2024Q1: -0.1% y/y
The Moody’s Analytics Commercial Real Estate Price Index declined 0.1% from a year earlier in the first quarter, giving up the gains made throughout 2023. South Korea
Employment
Apr. 2024:
Singapore
Foreign Trade
Apr. 2024:
China
Fixed-Asset Investment
Apr. 2024:
China
Industrial Production
Apr. 2024:
China
Retail Sales
Apr. 2024:
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