Today's Economy Economic Roundup: The Last Clue Is In for U.S. GDP We look for 2.7% annualized output growth in the first quarter. Brazil's Pension Reform Clears Early Hurdle Despite initial success, the road to approval remains rocky. Europe Daily Briefing: Spain's Unemployment Up, but No Need to Panic The country’s joblessness usually rises at the start of the year. Final Thoughts Ahead of Q1 U.S. GDP We look for a solid 2.7% gain in GDP. » VIEW MORE TODAY'S ECONOMY
Commentary Stock Market Contributes to U.S. Wealth Inequality New data confirm growth in inequality, but show it has not been linear. Was March China’s Inflexion Point? Fixed asset investment and credit growth were among the first to show improvement. Commodity Outlook: Global Oil Market Surplus Vanishes OPEC’s estimated output for March implies a nearly balanced oil market. U.S. Macro Outlook: Bashing the Fed The economy got a recent lift from the central bank, but the criticism will go on. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia Monetary Policy Apr. 2019: 6.0% Bank Indonesia kept the seven-day reverse repo rate unchanged at 6% in April, where it has stood since November. Japan Monetary Policy Apr. 2019: ¥80 tril. The Bank of Japan pledged in April that interest rates would not be raised before spring 2020. Spain Unemployment 2019Q1: 14.7% A services sector slump dealt Spanish employment a blow in the first stanza of 2019. Canada Earnings, Hours and Employment Feb. 2019: 1.1% The Canadian labor market remains subdued. United States Jobless Claims April 20: 230,000 Jobless claims jumped by 37,000 to 230,000 in the week ended April 20, but we caution reading too much into this increase. United States Durable Goods (Advance) Mar. 2019: 2.7% New orders for durable manufactured goods jumped 2.7% in March, rebounding from February’s loss. Mexico Retail & Wholesale Sales Feb. 2019: 1.8% Retail sales were soft as the economy remained weak. United States Housing Vacancies & Homeownership 2019Q1: 64.2% The homeownership rate ticked down in the first quarter of 2019, breaking from the upward trend over the last few years. United States St. Louis Fed Financial Stress Index April 19: -1.34 The St. United States Natural Gas Storage Report April 19: 92 bil cubic feet The increase in U.S. natural gas inventories was only slightly higher than analysts predicted, which will have a minimal effect on prices. United States Kansas City Fed Manufacturing Survey Apr. 2019: 5 Manufacturing activity decelerated in the Kansas City Fed District, with the composite index falling to 5 in April from 10 in March. Argentina Retail Sales Index Feb. 2019: 22.6% The index that tracks nominal retail sales at Buenos Aires’ largest shopping centers increased 22.6% y/y in February, down from 25% in January. South Korea Consumer Sentiment Index Apr. 2019: Japan Employment Situation Mar. 2019: Japan Industrial Production Mar. 2019: Japan Retail Sales Mar. 2019: » VIEW MORE ECONOMIC INDICATORS |