| Today's Economy
A Misguided Attempt to Make California's Housing More Affordable Repealing Costa Hawkins would limit housing supply and boost construction costs, ultimately hurting more people than it would help. Europe Daily Briefing: Prospects for a U.K. Q2 Rebound Remain Slim Several factors are weighing on consumer confidence and spending. Asia-Pacific Daily Briefing: Japan's Adequate External Sector Trade tensions between the U.S. and Japan are simmering in the background. Economic Roundup: Friends With Deficits Trade tensions between China and the U.S. ease, for now. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Consumer Outlook: Income Growth Accelerates, Then Slips Spending growth will follow income growth. U.S. Chartbook: Consumers Emerge From Funk While Manufacturing Is on a Roll Q1 GDP is tracking 2.2% while Q2 is at 3.1%. U.S.-China Trade Tensions Ease The more controversial and complex sticking points between the two nations remain unaddressed. U.S. Regional Outlook: In Late Stage, but Still Room to Run The economy is growing, but traditional comparative advantage is shifting. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada
Wholesale Trade
Mar. 2018: 1.1%
Strength in motor vehicles and parts lifted wholesale trade in March. Mexico
Retail & Wholesale Sales
Mar. 2018: 1.2%
Retail stores advanced at slow pace in March, partly affected by the seasonality of Easter. Russian Federation
Retail Sales
Apr. 2018: 2.4%
Retail trade dipped 0.6% in April after a strong rebound in March. Russian Federation
Unemployment
Apr. 2018: 4.9%
Not seasonally adjusted unemployment in Russia dipped 0.1 point to 4.9% in April, though the change is quite minor once seasonal factors are taken into account. United States
Richmond Fed Manufacturing Survey
May. 2018: 16
Manufacturing activity in the Richmond Federal Reserve returned to expansion in May. United States
Moody’s Analytics Policy Uncertainty Index
May 18: 123.1
U.S. economic policy uncertainty fell for the first time since January, but it remains elevated. Argentina
Economic Activity Indicator
Mar. 2018: 1.44%
Argentina's statistics office’s monthly economic activity index, IMAE, increased 1.4% y/y in March, after 5% in February (revised figure). » VIEW MORE ECONOMIC INDICATORS | 
