| Today's Economy
Economic Roundup: A Slower Month for New-Home Sales Though sales came in under expectations, the market for new homes is performing historically well. Credit Market View: Corporate Defaults Rebound Distressed exchange remained the predominant type of default. Europe Daily Briefing: Snap Elections U.K. voters on 4 July will choose a government to face significant economic challenges. Asia-Pacific Daily Briefing: Kiwi Retail Sales Finally Turn a Corner After falling for eight quarters straight, retail sales rose 0.5% q/q in the March quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
U.K. Election: Can Things Only Get Better? Polls point to big Labour victory, but major challenges lie ahead. Europe Chartbook: Industry Still Off the Mark Surprise growth in February and March has not remedied deep yearly contractions. Italy Outlook: The Trouble With Debt Despite higher-than-expected growth, fiscal risks are rising. U.S. Credit Outlook: Past the Peak The credit cycle is entering a stage of progressively slower growth, if not decline, accompanied by gradually deteriorating performance. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Consumer Price Index
Apr. 2024: 2.7% y/y
Singapore’s headline and core inflation rates held steady in April, matching market expectations in both cases. Taiwan (China)
Industrial Production
Apr. 2024: 14.6% y/y
Taiwan's industrial production jumped 14.6% in April from a year earlier, with manufacturing output climbing 14.9%. Hong Kong SAR (China)
Consumer Price Index
Apr. 2024: 1.1% y/y
Hong Kong's headline composite consumer price index rose 1.1% year over year in April, a notable swing down from the 2% reading in March. Mexico
Economic Activity Index
Mar. 2024: -1.3% y/y
Mexico’s economic activity moderated in March, affected by the seasonality of the Easter Week celebration, which subtracted a few working days from the month. Mexico
GDP
2024Q1: 1.6% y/y
Mexico’s economy advanced further in the first quarter as activity started to feel the expansionary effects of the political cycle. Canada
New Housing Price Index
Apr. 2024: -0.1% y/y
There were mixed results for Canada's new-home prices in April. United States
Chicago Fed National Activity Index
Apr. 2024: -0.23
The Chicago Fed National Activity Index indicates that the U.S. economy moved into the slow lane this spring. United States
Jobless Claims
May 18: 215,000
U.S. initial unemployment claims headed lower again. United States
St. Louis Fed Financial Stress Index
May 17: -0.90
U.S. financial stress was unchanged in the week ended May 17, with the St. United States
New-Home Sales
Apr. 2024: 634,000 SAAR
New-home sales ticked lower in April, according to the U.S. United States
Natural Gas Storage Report
May 17: 78 bil cubic feet
Last week’s build in natural gas storage was slightly smaller than consensus predictions, so this report could slightly stall the recent jump in gas prices. United States
Kansas City Fed Manufacturing Survey
May. 2024: -2
According to the Kansas City Fed’s Manufacturing Survey, factory activity contracted slightly but showed some improvement from April to May. Peru
GDP
2024Q1:
Argentina
Retail Sales Index
Mar. 2024: 208.8% y/y
The index that tracks nominal sales at shopping centers across the country’s main urban centers increased 208.8% year on year in March, up from 181.2% in the previous month. Chile
Monetary Policy
May. 2024:
New Zealand
Foreign Trade
Apr. 2024:
Japan
Consumer Price Index
Apr. 2024:
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