Today's Economy Britain's GDP Likely Revved Up in Q1 Stockpiling ahead of the Brexit deadlines in Q1 may have inflated the figures. Europe Daily Briefing: Spain's Economy Is Resilient Industrial production slumped, but this is nothing to get alarmed about. Asia-Pacific Daily Briefing: The Good, the Bad and the Ugly China's PPI improved, CPI rose on higher food prices, while Philippines Q1 GDP growth slumped. Drop in High-Yield Borrowing Hints of Deleveraging Newly rated loans from high-yield issuers sank during January-April by an estimated 28% year over year. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Tax Filings Tweak Consumer Spending The 2019 tax season was not kind to taxpayers, but the impact shouldn’t be overblown. In the U.S., a Tale of Two Populations Population growth is struggling outside American cities. Road to Recession: The Scare That Wasn't There Concerns of a sharp and sudden slump were premature. U.S. Chartbook: A Pleasant Paradox The labor market has come roaring back, while inflation remains benign. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan Consumer Confidence Apr. 2019: 40.4 Japan's consumer confidence slipped for the 15th consecutive month, although the pace of the decline slowed in April. Spain Industrial Production Mar. 2019: -1.2% Spain’s industrial production declined by 1.2% in March. Brazil Retail Sales Index Mar. 2019: -4.5% Retail consumption contracted in March, mainly because of the high comparison base of last year. Canada New Housing Price Index Mar. 2019: 0.1% The Canadian market for new houses is stuck in the mud. Canada International Merchandise Trade Mar. 2019: -C$ 3.2 bil A swell in demand for energy goods boosted exports in March, narrowing Canada's trade deficit. United States Producer Price Index Apr. 2019: 0.2% U.S. producer prices rose less than we and the consensus expected in April. United States International Trade (FT900) Mar. 2019: -$50.0 bil The U.S. trade deficit edged higher in March, increasing to $50 billion from a revised $49.3 billion. United States Jobless Claims May 04: 228,000 Jobless claims are beginning to flatten, as the labor market is very tight. Mexico Consumer Price Index Apr. 2019: 4.4% Annual inflation continues to show resilience and keeps climbing above the 4% upper target. United States St. Louis Fed Financial Stress Index May 03: -1.35 The St. United States Wholesale Trade (MWTR) Mar. 2019: -0.1% The inventory build took a breather in March, declining 0.1% over the month. United States Natural Gas Storage Report May 03: 85 bil cubic feet The increase in natural gas inventories was roughly in line with analyst predictions, which will have a minimal effect on gas prices. China Monetary Aggregates Apr. 2019: Chile Monetary Policy May. 2019: » VIEW MORE ECONOMIC INDICATORS |