Today's Economy LatAm Daily Briefing: Colombia’s Economy Overperforms The nation’s sturdy expansion will continue despite near-term headwinds. Rising Interest Rates to Hurt U.S. Consumer Budgets—Gradually Debt burdens will rise but with a lag, since most existing debt is fixed-rate. Europe Daily Briefing: U.K. Unemployment Falls Again Real pay fell 1.2% in the first quarter due to sky-high inflation. Asia-Pacific Daily Briefing: Thailand's Q1 Surprise Spending picked up as international travellers returned. » VIEW MORE TODAY'S ECONOMY
Commentary Euro Zone Risk Matrix Update: No Ignoring Sovereign Debt With policy rates rising, the mountains of debt issued by states during the past years will become increasingly more expensive. The Fed's Policy Mistake Prolonged monetary expansion helped fuel inflation. U.S. Chartbook: Glimmer of Hope March's CPI report offered a few bright spots, but risks to the outlook still loom. What If Aussie Consumers Lose Faith? The economy is highly sensitive to changes in household consumption. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia Foreign Trade Apr. 2022: US$ 7.56 bil Indonesia’s foreign trade surplus skyrocketed to $7.6 billion in April from $4.5 billion in March, far exceeding our forecast for a narrower surplus of $3 billion and Bloomberg’s consensus forecast for a $4 billion surplus. Japan Retail Sales Mar. 2022: 1.7% m/m United Kingdom Unemployment Mar. 2022: 3.7% The U.K. unemployment rate fell to 3.7% in the March quarter from 4.1% in the previous stanza. Italy Consumer Price Index Apr. 2022: 6.0% y/y After nine consecutive months of rises, Italy’s headline inflation rate cooled to 6% y/y in April from 6.5% previously. Canada International Transactions in Securities Mar. 2022: C$46.9 bil Surging global commodity prices and elevated financial volatility have amplified foreign investors' demand for Canadian securities. United States Retail Sales Apr. 2022: 0.9%, m/m Retail sales continued to grow at a healthy pace in April, although again the growth was concentrated, with auto dealers among the leaders. United States Bankruptcy Filings 2022Q1: -15.9% y/y Consumers broadly are not under severe financial stress, as personal bankruptcy filings remained low in the first three months of 2022. United States Industrial Production Apr. 2022: 1.1% m/m U.S. industrial production increased 1.1% in April following an unrevised 0.9% gain in March. United States Business Inventories (MTIS) Mar. 2022: 2.0% m/m Business inventories increased by 2% from February to March. United States NAHB Housing Market Index May. 2022: 69 Homebuilder confidence dropped 8 points to 69 in May. United States Moody’s Analytics Policy Uncertainty Index May 13: Japan GDP 2022Q1: China Foreign Trade Apr. 2022: » VIEW MORE ECONOMIC INDICATORS |