| Today's Economy
Economic Roundup: Don't Stop Believin' The U.S. labor market is in good shape, but the calendar caught up to it in May. May Provides Little Clarity on Full Employment Debate We can check off another condition, but others went the wrong way. Q1 and Q2 U.S. GDP Growth Heading South Trade and vehicles ding the second quarter. Blame the Calendar for U.S. Job Numbers Nearly everything else pointed toward strong employment growth for May. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, June 2, 2017 Expect few distractions from the disappointing May employment report. Europe Weekly Highlights and Preview, 2 June, 2017 We expect the ECB to stand pat, and to make only minor changes in its policy communication. Europe Is Tightening Its Borders Recent measures limit the inflow of refugees to the EU but ignore the root of the problem. Central and Eastern Europe Outlook: Mostly Fair Skies The region’s growth should drive up demand and inflation and prompt monetary policy changes. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
May. 2017: 43.6
Consumer confidence has improved in 2017, but overall net conditions remain pessimistic. Euro Zone
Producer Price Index
Apr. 2017: 4.3%
Euro zone producer prices increased 4.3% y/y in April after adding 3.9% y/y in March. Russian Federation
Reserve Fund
Jun. 2017: RUB0.93 tril
The Russian reserve fund ticked higher in May with the economy entering recovery, rising to RUB932.7 billion from RUB931.3 billion. Brazil
Industrial Production
Apr. 2017: 0.0%
National industry reported no annual advance in April, after a contraction in the previous month. Canada
International Merchandise Trade
Apr. 2017: -C$0.37 bil
Canada's trade balance remained in deficit for the third month in a row. United States
Employment Situation
May. 2017: 138,000
Payroll gains slowed sharply in May to 138,000 jobs. United States
International Trade (FT900)
Apr. 2017: -$47.6 bil
The U.S. trade deficit widened more than expected in April, rising to $47.6 billion from $45.3 billion in March. Chile
Retail & Wholesale Sales
Apr. 2017: -0.5%
Chile’s commercial activity index came in well below expectations in April, dropping 0.5% in annual terms. United States
ECRI Future Inflation Gauge
May. 2017: 112.0 (U.S.)
Recent weakness in the ECRI Future Inflation Gauge suggests that price pressures will begin to ease. United States
ISM - NY Report
May. 2017: 46.7
Conditions in New York City deteriorated in May for the first time in eight months, according to the New York City ISM Report on Business. United States
Risk of Recession
Apr. 2017: 9%
The expansion is getting long in the tooth, but it’s not in serious jeopardy. United States
ECRI Weekly Leading Index
May 26: 143.7
The U.S. economy will expand over the coming quarters, but gains will moderate as the expansion matures. » VIEW MORE ECONOMIC INDICATORS | 
