| Today's Economy
Economic Roundup: Transitory to the Test Fed unlikely to get worked up over the downward revision to Q1 core PCE deflator. Fed Still Betting on 'Transitory' Factors Is use of the term an excuse rather than an explanation? Europe Daily Briefing: That's What We Call a Bad April U.K. car production slumped, and Brexit uncertainty will weigh on the sector for months. Asia-Pacific Daily Briefing: Case Builds for Aussie Rate Cut We expect Australia's central bank to lower the cash rate to 1.25% next week. » VIEW MORE TODAY'S ECONOMY
Commentary
Revisiting the Key U.S. Economic Questions for 2019 Nearly 6 months into the year, we look back at our projections; there have been some surprises. U.S. Housing Outlook: In Search of Balance Expect national demand to rise slowly but steadily. U.S. Chartbook: Just a Hiccup The trade war and low housing affordability drove some disappointments. U.S. Weekly Highlights and Preview, May 24, 2019 We look for a downward revision to first-quarter GDP. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Retail Sales
Apr. 2019: -0.4%
Spain’s retail growth reversed trend in April and fell to -0.4% in seasonally adjusted terms. India
GDP
2019Q1:
Brazil
GDP
2019Q1: 0.5%
Brazil’s economy lost steam in the first quarter, affected mostly by domestic factors. Canada
Balance of International Payments
2019Q1: -C$17.3 bil
A large increase in imports will weigh down GDP growth in the first quarter. Canada
Earnings, Hours and Employment
Mar. 2019: 1.9%
The Canadian labor market moved in the right direction in March. United States
Advance Wholesale and Retail Inventories
Apr. 2019: 0.7%
The U.S. inventory build is pulling out of its funk. United States
International Trade in Goods - Advanced
Apr. 2019: -$72.1 bil
The nominal goods deficit climbed to $72.1 billion in April as both exports and imports contracted. United States
Jobless Claims
May 25: 215,000
All is well with the U.S. labor market as jobless claims remain low. United States
GDP
2019Q1: 3.1%
U.S. United States
Pending Home Sales
Apr. 2019: 104.3
The pending home sales index dropped 1.5% to 104.3 in April on a seasonally adjusted basis, partly erasing the sharp increase in March. United States
St. Louis Fed Financial Stress Index
May 24: -1.24
The St. United States
Natural Gas Storage Report
May 24: 114 bil cubic feet
The increase in natural gas inventories surpassed analyst predictions, which will apply downward pressure on gas prices. United States
Oil Inventories
May 24: 476.5 mil barrels
A smaller than expected decline in U.S. oil inventories will put downward pressure on oil prices. South Korea
Retail Sales
Apr. 2019:
Japan
Employment Situation
Apr. 2019:
Japan
Industrial Production
Apr. 2019:
Japan
Retail Sales
Apr. 2019:
China
Manufacturing PMI
May. 2019:
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