| Today's Economy
Economic Roundup: Oil Price Pressures Remain Muted Risks remain but prices have only moved lower of late. Europe Daily Briefing: Weakness in German, Spanish Industrial Production Sweden cuts interest rates for the first time in eight years. Asia-Pacific Daily Briefing: A Double Disappointment From the Philippines Trade lost momentum and industrial production fell in March. Economic Roundup: Consumer Credit on a Downtrend Tight lending standards and high interest rates continue to limit borrowing. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Risk Matrix: Fed Mistake Still the Top Risk If the Fed is too slow in loosening policy, the robust labor market may soften excessively. Quarterly Quirks: Euro Zone's Seesaw Growth We have revised down our second-quarter growth outlook after a strong first-quarter print. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Mar. 2024: -0.7% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s industrial production contracted 0.7% month over month in March. Sweden
Monetary Policy
May. 2024: 3.75%
Sweden’s Riksbank cut interest rates by 25 basis points at its May meeting. Taiwan (China)
Foreign Trade
Apr. 2024: US$6.5 bil
Taiwan’s trade surplus fell to $6.5 billion in April from $8.7 billion in March. Germany
Industrial Production
Mar. 2024: -0.4% m/m
In March, Germany's production output decreased 0.4% month over month after a downwardly revised 1.7% increase in February. Italy
Retail Sales
Mar. 2024: 0.0% m/m
Italy’s retail sales stalled month over month in March, slightly lower than our forecast of a 0.1% increase. United States
MBA Mortgage Applications Survey
May 03: 2.6%
Mortgage activity in the U.S. rose modestly in the first week of May. Chile
Consumer Price Index
Apr. 2024: 3.97% y/y
Chile’s annual inflation stayed inside the target’s upper range in April despite a transitory increase due to volatile prices. Brazil
Retail Sales Index
Mar. 2024: 5.7% y/y
Household consumption in Brazil posted solid growth again in March as the domestic market got some relief from the monetary easing. United States
Wholesale Trade (MWTR)
Mar. 2024: -0.4% m/m
Wholesale inventories declined 0.4% in March after a downwardly revised 0.2% gain in the prior month. United States
Oil Inventories
May 03: 459.5 mil barrels
Oil inventories unexpectedly fell, which could put some upward movement on prices. Argentina
Industrial Production - Advance
Mar. 2024: -21.2% y/y
Brazil
Foreign Trade
Apr. 2024: US$9.041 bil
Brazil’s trade account posted another significant surplus in April as exports and imports recovered significantly after contractions in the previous month. Brazil
Monetary Policy
May. 2024:
Colombia
Consumer Price Index
Apr. 2024:
Philippines
GDP
2024Q1:
China
Foreign Trade
Apr. 2024:
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