Economy.com: Daily Update
| Today's Economy
Economic Roundup: Mixed Messages on U.S. Manufacturing The Richmond Fed’s manufacturing index improved in May, but the outlook remains cloudy. Europe Daily Briefing: Euro Zone Money Supply Rebounds Although the M3 growth rate continued to increase in April, it is still historically low. Asia-Pacific Daily Briefing: Another Bothersome Aussie CPI Print Inflation ticked up for a second month in a row to hit 3.6% y/y. Economic Roundup: Consumer Confidence Perks Up...but Not Much Consumer confidence ticked up in May, but high prices and interest rates are keeping anxiety high. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Soldiering On The Federal Reserve cleared up any misconception about coming rate cuts. U.S. Regional Outlook: Labor Market Tightness Still Matters Income gains are pronounced in the Mountain West, an area that has struggled to digest rapid cost increases. Vietnam Stays on Course for 6% Growth in 2024 On a year-earlier basis, growth in industrial production, retail sales, exports accelerated in May. New Zealand Budget Preview: Tightening the Purse Strings A budget surplus will likely be delayed a year. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Retail Sales
Apr. 2024: 0.8% m/m
In seasonally-adjusted and calendar-adjusted terms, Spain’s retail sales expanded 0.8% month over month in April. United States
MBA Mortgage Applications Survey
May 24: -5.7%
Mortgage activity in the U.S. fell in the week ended May 24. Brazil
Employment Situation
Apr. 2024: 7.5%
Brazil’s unemployment rate started to moderate in April after moving up in the past three months. World
Moody's Analytics Global HPI
2024Q1: 29.4% y/y
The Moody’s Analytics estimate of global house prices grew 29.4% year over year in the first quarter after a 22.4% increase in the fourth quarter of 2023. United States
Richmond Fed Manufacturing Survey
May. 2024: 0
According to the Richmond Fed Manufacturing Survey, manufacturing improved in May as the headline diffusion index increased to 0 from -7 in the prior month. United States
Texas Service Sector Outlook Survey
May. 2024: 6.7
Texas service industries rose moderately in May. United States
Beige Book
May. 2024:
National economic activity continued to expand from early April through mid-May, according to business anecdotes collected from the 12 Federal Reserve districts. » VIEW MORE ECONOMIC INDICATORS |
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