| Today's Economy
Food for Thought Already reeling, U.S. grocery stores' pricing power takes another hit. LatAm Weekly: Looking Beyond NAFTA Mexico is seeking to diversify its trade ties as U.S. relations cool. Bailout Deal Yields Greek Relief The country avoids certain default by getting access to bailout funds. Euro Zone Wages Becoming Unstuck Wages are rising, but creating better-quality jobs remains a major challenge. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 16 June, 2017 We expect that French GDP grew by 0.4% q/q in the three months to March. Latin America Economic Preview: 19-23 June Argentina likely left the economic contraction behind. India Outlook: Awaiting the Animal Spirits to Lift Growth The economy has entered a cyclical slowdown despite the GST reform. Asia-Pacific Weekly Highlights and Preview, 16 June, 2017 External demand remains the catalyst for growth in Japan. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Monetary Policy
Jun. 2017: ¥80 tril.
The Bank of Japan remains firmly on the sidelines in 2017, but it has slowed its pace of asset purchases this year. However, in its statement, the BoJ kept the monthly annualised purchase target of ¥80 trillion unchanged. Italy
Foreign Trade
Apr. 2017: €3.6 billion
Italy’s merchandise trade surplus shrank to €3.6 billion in April from €4.5 billion a year earlier and from €5.3 billion in March, in line with our expectations. Euro Zone
Consumer Price Index
May. 2017: 1.4%
The euro zone's annual harmonized inflation slowed to 1.4% in May from 1.9% in the previous month. Russian Federation
Monetary Policy
Jun. 2017: 9.00%
The Central Bank of Russia dropped its policy rate another 25 points to 9% after its June meeting. Canada
International Transactions in Securities
Apr. 2017: C$10.6 bil
A net inflow of funds into the Canadian economy was restored in April. United States
New Residential Construction (C20)
May. 2017: 1.092 mil
Housing starts slipped for the third straight month in May. Housing starts fell 5.5% from April and are now 2.4% below their May 2016 level. Completions did increase as the industry worked off its project backlog, but housing permits are also down from April and year over year. Russian Federation
Industrial Production
May. 2017: 5.6%
Russian industrial production rose to 5.6% y/y in May, a substantial gain over the 2.3% increase last month. United States
Regional and State Employment
May. 2017:
The May job numbers for state and regional economies echo those released a couple weeks ago for the nation as a whole that show the realities of labor supply asserting themselves, with unemployment plumbing new lows and job growth slowing. In May, nonfarm employment rose in nine states, the same as in April and up from three in March. United States
University of Michigan Consumer Sentiment Survey
Jun. 2017: 94.5
Consumer sentiment fell in the June preliminary report out of the University of Michigan, continuing May's weak second half. United States
Federal Reserve’s Labor Market Conditions Index
May. 2017: 2.3
Despite some weakening in payroll gains, overall labor market conditions continue to improve. United States
ECRI Weekly Leading Index
June 09: 144.0
The U.S. economy will expand over the coming quarters, but gains will moderate as the expansion matures. » VIEW MORE ECONOMIC INDICATORS | 
