Today's Economy Economic Roundup: The Scare That Wasn't There Worries about the labor market earlier this year didn't pan out. New Data Cut Our U.S. Q1 GDP Tracking Estimate but Boost Q2 The inventory build last quarter will be revised down a little. Is the Fed's Plumbing Broken? The jury is still out, as the effective rate is trading above IOER. U.S. Labor Market Is Booming Trend job growth is strong, but the Fed will continue to sit on its hands. » VIEW MORE TODAY'S ECONOMY
Commentary Macro Roundup: Rate Cut Watch in Asia The landscape is markedly different from 2018. Europe Weekly Highlights and Preview, 3 May, 2019 Upbeat first-quarter U.K. GDP numbers likely won't be sustained. Asia-Pacific Weekly Highlights and Preview, 3 May, 2019 China’s April data will be a highlight, with further signs of stabilisation likely. Latin America Economic Preview: 6-10 May Central banks in Brazil, Peru and Chile will keep policy rates unchanged. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Foreign Trade Mar. 2019: MYR14.4 bil Malaysia's foreign trade surplus widened to MYR14.4 billion in March, from MYR11.1 billion in February. Euro Zone Preliminary Consumer Price Index Apr. 2019: 1.7% Preliminary numbers showed that euro zone inflation jumped to 1.7% y/y in April from 1.4% in March, above the consensus for a softer increase. Euro Zone Retail Sales Mar. 2019: Brazil Industrial Production Mar. 2019: -3.1% Brazil's national industry surprisingly contracted sharply in March. United States Advance Wholesale and Retail Inventories Mar. 2019: 0.0% The U.S. inventory build paused at the end of the first quarter. United States International Trade in Goods - Advanced Mar. 2019: -$71.4 bil The nominal goods deficit swelled to $71.4 billion in March, according to the advance report. United States Employment Situation Apr. 2019: 263,000 The labor market keeps surprising. Chile Retail & Wholesale Sales Mar. 2019: 2.6% Chile’s retail and wholesale sales index posted slightly below-average growth in line with expectations, rising 2.6% in year-on-year terms. United States ISM Nonmanufacturing Index Apr. 2019: 55.5 The U.S. nonmanufacturing sector weakened in April, as respondents again noted concerns with available labor. Uruguay Consumer Price Index Apr. 2019: 8.2% Consumer price growth in Uruguay surged higher in April, rising to 8.2% on a year-ago basis compared with 7.8% in March. » VIEW MORE ECONOMIC INDICATORS |