| Today's Economy
Final Thoughts Ahead of May Employment We are cutting our forecast to 153,000; the calendar is to blame. Canada Job Growth Likely Accelerated in May The month likely saw a rebound following April's disappointing employment report. Brazil’s Economy Shows Hint of Recovery GDP jumped into positive territory after eight quarters of contraction. New Zealand Milks Higher Dairy Prices There has been a structural demand increase for butter and milk fat in Asia. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Economic Preview: 5-9 June Inflation is declining across the region, except in Mexico. Asia-Pacific Weekly Highlights and Preview, 2 June, 2017 Australia's economy substantially cooled in Q1 with net exports subtracting from GDP growth. Canada Outlook: Quick Off the Blocks The economy flashed green in the first quarter, but a cooldown is expected. South Korea Outlook: Export Boom Fails to Boost Growth High household debt and tension with China are crimping GDP. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Semiconductor Billings
Apr. 2017:
United States
Vehicle Sales - AutoData
May. 2017:
United Kingdom
Nationwide Housing Price Index
May. 2017: 2.1%
The Nationwide Housing Price Index gained only 2.1% y/y in May, cooling further from a 2.6% increase in April and the lowest rate of expansion in almost four years. Germany
Lending by Banks
Apr. 2017: 2.8%
German bank lending to private enterprises rose year on year in April for the 17th consecutive month. Italy
GDP
2017Q1: 0.4%
Italy’s first quarter growth surprised on the upside, with real GDP expanding by 0.4% q/q, doubling the preliminary estimates of 0.2%. United States
Challenger Report
May. 2017: 51,692
Labor market conditions remained strong in May. Brazil
GDP
2017Q1: -0.4%
The economy reported a milder annual contraction in the first quarter thanks partly to the timing of the Easter holiday. Peru
Consumer Price Index
May. 2017: 3.04%
Consumer prices in the Lima metropolitan area surprised to the downside in May, falling 0.4% m/m after declining 0.3% m/m in April. United States
ADP National Employment Report
May. 2017: 253,000
Private sector job gains accelerated in May to 253,000. United States
Moody's Analytics Beige Book Index
Apr. 2017: 141.6
The Moody's Analytics Beige Book Index came in with a rating of 142 for May’s edition of the Federal Reserve report, a Fourth consecutive increase. United States
Jobless Claims
May 27: 248,000
Though rising for the second consecutive month, initial claims for unemployment insurance remain low. United States
Construction Spending (C30)
Apr. 2017: -1.4%
Total construction spending declined 1.4% in April but remains 6.7% ahead of its year-ago level. United States
St. Louis Fed Financial Stress Index
May 26: -1.55
The St. United States
ISM Manufacturing Index
May. 2017: 54.9
The ISM manufacturing index edged higher in May, weaker than we had anticipated. United States
Natural Gas Storage Report
May 26: 81 bil cubic feet
Natural gas inventories rose by more than industry analysts were expecting, which will put downward pressure on gas prices. United States
Oil Inventories
May 26: 509.9 mil barrels
A much larger than expected decline in crude oil inventories will put upward pressure on oil prices. Brazil
Foreign Trade
May. 2017: US$7.66 bil
Brazil posted its largest trade surplus on record in May, topping its previous peak by a significant margin. South Korea
GDP
2017Q1:
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