| Today's Economy
Mexico’s Monetary Policy Is Not Yet Restrictive Inflation will only decelerate if the quantity of money is reduced. Where Is U.S. Wage Growth Headed? Even as firms plan to raise pay, realized gains will likely lag. Economic Briefing: Australian Regulators Get Their House in Order Australian finance commitments rebounded in May, but will be soft in H2 given tighter regulation. Venezuela Manufacturing Struggles Output plummets amid the political and economic crisis. » VIEW MORE TODAY'S ECONOMY
Commentary
Indonesia Outlook: Building Resilience Improved economic management has reduced external vulnerabilities. U.S. Chartbook: A Durable Labor Market Expansion Job gains come in above expectations, but wage growth underwhelmed. Forecasters' Mailbag: Post-June U.S. Employment Q&A Have a question on the economy? Send it along. U.S. Weekly Highlights and Preview, July 7, 2017 Inflation remains a thorn in the Fed's side. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
California Manufacturing Survey
2017Q3: 61.0
The California Composite Index, measuring overall manufacturing activity, decreased from 62.2 in the second quarter of 2017 to 61 in the third quarter. Italy
Industrial Production
May. 2017: 0.7%
Italy’s industrial production reversed April’s decline and expanded by 0.7% m/m in May, above our expectation of a 0.3% gain. United States
NFIB Small Business Survey
Jun. 2017: 103.6
U.S. small business confidence fell in June, but it remains well above that seen prior to the presidential election. Canada
Housing Starts
Jun. 2017: 213 ths
Construction activity picked back up in June. United States
Job Openings and Labor Turnover Survey
May. 2017: 3.7% openings rate
The Job Openings and Labor Turnover Survey portrays a dynamic and healthy labor market, though the number of new job opportunities eased compared with prior months. The number of available jobs declined to 5.7 million, from the record 6 million in April. United States
Wholesale Trade (MWTR)
May. 2017: 0.4%
Wholesale inventories bounced back in May, but declining sales take a lot of the credit. United States
Moody’s Analytics Policy Uncertainty Index
July 07: 101.2
Policy uncertainty remains elevated and is unlikely to improve noticeably soon. United States
CreditForecast.com Household Credit Report
Jun. 2017: 4.1%
Total U.S. household borrowing grew by 4.07% year over year in June, down slightly from 4.33% in May. Argentina
Consumer Price Index
Jun. 2017: 21.9%
The statistics office’s consumer price index for the Buenos Aires metro area increased 1.4% in June, after 1.3% in the previous month and 3.1% a year earlier. South Korea
Employment
Jun. 2017:
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