| Today's Economy
Economic Roundup: Consumer Credit on a Downtrend Tight lending standards and high interest rates continue to limit borrowing. LatAm Daily Briefing: Chile's Economy Takes Off Following 2023’s downturn, 2024 begins an expansion cycle. Europe Daily Briefing: Orders Backsliding New factory orders in Germany were down 0.4% month over month in March. Asia-Pacific Daily Briefing: Australia's Central Bank Sits Tight We expect interest rates to stay where they are until December. » VIEW MORE TODAY'S ECONOMY
Commentary
Lenders Have a Say in U.S. Consumer Borrowing The supply of debt is an added drag on borrowing and one that can be overlooked. Europe Chartbook: Growing Again GDP was on the rise in the first quarter, but the outlook is modest. Australian Budget Preview: Budget Gains, Economic Pains Commodity prices will again boost the bottom line. U.S. Chartbook: Strong and Stable Job growth moderated in April, but the labor market is still holding strong. » VIEW MORE COMMENTARY
Today's Economic Indicators
Australia
Monetary Policy
May. 2024: 4.35%
At its May meeting, the Reserve Bank of Australia again held the cash rate steady at 4.35%. Netherlands
Consumer Price Index
Apr. 2024: 2.7% y/y
Dutch consumer price inflation was confirmed at 2.7% year over year in April, slowing from 3.1% in March. Taiwan (China)
Consumer Price Index
Apr. 2024: 2.0% y/y
Taiwan’s inflation rate slowed to 2% year over year in April from 2.1% in March, despite rising electricity prices for Taiwanese households. Euro Zone
Retail Sales
Mar. 2024: 0.8% m/m
Euro zone retail sales rose 0.8% month on month in March after 0.3% decline in February, topping our forecast for a smaller increase. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Apr. 2024: -4.9% y/y
During April, price growth in the Australian used-vehicle market has moderated significantly. Canada
Purchasing Managers' Index
Apr. 2024: 63.0
The Ivey Purchasing Managers’ Index came in strong at 63 in April, indicating that purchases were up from the previous month. Chile
Foreign Trade
Apr. 2024: US$1,868.1 mil
Chile's trade surplus was hefty in April, the product of skyrocketing copper prices and subdued demand for imports. Brazil
Foreign Trade
Apr. 2024: US$8.63 bil
United States
Consumer Credit (G19)
Mar. 2024: $6.3 bil
The stock of consumer credit outstanding expanded by $6.3 billion in March, falling well short of consensus expectations for a $15 billion addition. United States
Semiconductor Billings
Mar. 2024: -0.6%
Philippines
Foreign Trade
Mar. 2024:
Philippines
Industrial Production
Mar. 2024:
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