| Today's Economy
Economic Roundup: U.S. Homebuilding Still Trending Lower Despite an uptick in June, housing starts fell from the first quarter to the second. LatAm Daily Briefing: Venezuela’s Economic Transition If it wins, the opposition party has a six-point plan to revitalize the country. U.S. High-Frequency GDP Update: A Little Better Solid consumer and industrial production data pushed up our second-quarter estimate. Europe Daily Briefing: Not Holding Our Breath The European Central Bank is unlikely to cut interest rates on Thursday. » VIEW MORE TODAY'S ECONOMY
Commentary
U.K. Risk Matrix: Beacon of Stability? Inflation has decelerated to target, and election results signal political stability, but there are reasons for caution. Global Outlook: Walking the Tightrope The world economy is doing better than expected, but a lot could go wrong. Updated 2024 U.S. Election Probabilities The presidential election is looking better for Trump. Canada Risk Matrix: The First Step The Bank of Canada's first rate cut is positive, but there's still a long way to go. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
Jun. 2024: 2.0% y/y
In June, consumer price inflation was 2% year over year, unchanged from May. Indonesia
Monetary Policy
Jul. 2024: 6.25%
Bank Indonesia held their BI-rate at 6.25% in their July meeting, in line with our and consensus expectations. Austria
Consumer Price Index
Jun. 2024: 3.0% y/y
In June, Austria's CPI fell year over year to 3% from 3.3% in May, driven mainly by an easing in inflation pressures in food and nonalcoholic beverages, transport, and restaurants and hotels. Euro Zone
Consumer Price Index
Jun. 2024: 2.5% y/y
The euro zone’s HICP inflation rate was confirmed at 2.5% year over year in June, down from 2.6% in May. United States
MBA Mortgage Applications Survey
July 12: 3.9%
Mortgage activity bounced back in the week ended July 12. United States
New Residential Construction (C20)
Jun. 2024: 1.353 mil, SAAR
New residential construction was on par with expectations in June. Canada
International Transactions in Securities
May. 2024: C$20.9 bil
C United States
Industrial Production
Jun. 2024: 0.6% m/m
U.S. industrial production expanded more than expected in June. United States
Median usual weekly earnings
2024Q2: 3.9% y/y
In the second quarter, nominal median usual weekly earnings rose 3.9% on a year-ago basis while CPI rose 3.2% from a year earlier. United States
Oil Inventories
July 12: 440.2 mil barrels
An unanticipated decline in oil inventories could put some upward pressure on prices. United States
Beige Book
Jul. 2024:
U.S. economic activity grew at a slight to modest pace on balance from mid-May to early July, according to business anecdotes collected from the 12 Federal Reserve districts. Japan
Foreign Trade
Jun. 2024:
Australia
Employment Situation
Jun. 2024:
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