| Today's Economy
Economic Roundup: Consumer Confidence Weakens Consumer confidence plummeted in the U.S. as Canada and the U.K. face retail sales declines. Canada Weekly: All the Way to the Floor? This week signaled the start of a new phase in monetary policy at the central bank. Geopolitical Risk Calendar: Iran's President Dies in Crash Ramifications of Ebrahim Raisi's death are likely to be limited. Europe Daily Briefing: U.K. Retail Rained Out Poor weather dented footfall and led to contractions across almost all retail subsectors. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, May 24, 2024 The latest report on the Fed's preferred inflation measure, the personal consumption expenditure deflator, is due from the BEA. U.S. CPI by Demographics: Younger Americans Face Hotter Inflation An update on how rising prices affect demographic groups indicates that higher-income households are faring better. U.S. Election Tracker: Tighter and Tighter We project Georgia, North Carolina, Nevada and Pennsylvania to be won on less than 1-percentage point margins of victory. Latin America Weekly Highlights and Preview, May 24, 2024 Brazil, Mexico and Chile's unemployment rates all are likely to have remained below year-ago levels in April. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Consumer Price Index
Apr. 2024: 1.8% y/y
Malaysia’s headline inflation held steady at 1.8% year over year in April, coming in a touch above our expectations but below the consensus forecast. Singapore
Industrial Production
Apr. 2024: -1.6% y/y
Singapore’s industrial production fell 1.6% on a year-on-year basis in April, marking an improvement of sorts relative to last month's 9.2% drop. United Kingdom
Retail Sales
Apr. 2024: -2.3% m/m
U.K. retail sales tumbled by a surprising 2.3% month over month in April, the sharpest decline recorded since December, following a 0.2% fall in March and almost no growth in February. Germany
GDP
2024Q1: 0.2% q/q
Germany’s GDP grew by 0.2% quarter over quarter in the first three months of 2024, confirming preliminary estimates. Mexico
Trade Balance
Apr. 2024: -US$3,746.2 mil
The trade balance turned negative in April as imports grew at a faster pace than exports. Canada
Retail Trade
Mar. 2024: -0.2% m/m
Retail sales in March decreased by 0.2% to $66.4 billion, marking the third straight month of decline. United States
Durable Goods (Advance)
Apr. 2024: 0.7% m/m
U.S. durable goods orders rose 0.7% in April, slightly below our forecast of 1.2% and well ahead of consensus expectations of a 0.8% decline. Peru
GDP
2024Q1: 1.4% y/y
The Peruvian economy turned in a relatively solid performance in the first quarter, with growth on both a year-on-year and sequential basis underscoring our call that the economy has exited recession and is in the initial stages of recovery. United States
University of Michigan Consumer Sentiment Survey
May. 2024: 69.1
Confidence fell sharply in May, posting its biggest decline since June 2022, according to the University of Michigan consumer sentiment index. » VIEW MORE ECONOMIC INDICATORS | 
