| Today's Economy
Cutting Our Tracking Estimate for Q2 GDP U.S. growth is now reading 1.8% at an annualized rate; inventories are a key culprit. Europe Daily Briefing: France Will Steal the Spotlight This Year U.K. mortgage approvals dipped in May, but the housing market is still surprisingly solid. U.S. Retail Revisions Deepen the Puzzle Revisions are minor in aggregate, but recent volatility is more extreme than prior data showed. Asia-Pacific Daily Briefing: New Zealand and Thailand Hold Rates Easing is on the cards, especially in New Zealand. » VIEW MORE TODAY'S ECONOMY
Commentary
Do U.S. Primary Election Debates Matter? They do, especially when the debate stage is crowded. Macro Roundup: The Need to Calm Down The trade war's rising collateral damage was clear at Asia's recent central bank meetings. U.S. Employment Outlook: Not if, but When A downturn is coming, but the timing is uncertain. U.S. Chartbook: Not Feeling So Hot Sentiment numbers are swooning despite the still-strong economy. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Jun. 2019: 1.75%
The Bank of Thailand kept the policy rate at 1.75% in June. Uruguay
GDP
2019Q1: -0.2%
Uruguay’s economy contracted in the first quarter of 2019. United States
MBA Mortgage Applications Survey
June 21: 1.3%
In the week of June 21 the top-line index ticked up 1.3%, after bond yields mostly held steady and the Fed opted to take a pass on a rate cut. United States
Advance Wholesale and Retail Inventories
May. 2019: 0.4%
U.S. stockpiles are rising at a steady pace. United States
International Trade in Goods - Advanced
May. 2019: -$74.5 bil
The nominal goods deficit swelled to $74.5 billion in May as imports rose by more than exports. United States
Durable Goods (Advance)
May. 2019: -1.3%
New orders for durable manufactured goods fell 1.3% in May, their third decrease in the last four months. Mexico
Employment Situation
May. 2019: 3.51% Unemployment
Unemployment remained high in May as companies continued to adjust jobs. United States
Oil Inventories
June 21: 469.6 mil barrels
A massive drop in crude oil inventories will put upward pressure on oil prices. France
Job Seekers
May. 2019: 3.38 mil
The number of French job seekers increased slightly to 3.38 million in May from a five-year low of 3.37 million in April. Argentina
Economic Activity Indicator
Apr. 2019: -1.31%
Argentina's statistics office’s monthly economic activity index, IMAE, fell 1.3% y/y in April, after dropping 6.9% in March. Japan
Retail Sales
May. 2019:
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