| Today's Economy
Economic Roundup: Global Business Confidence Is On the Mend Business sentiment is resetting from the global trade war, though caution persists. Middle East Tensions Raise the Stakes for Oil Prices Oil prices rise, price volatility escalates. Europe Daily Briefing: Inflation Eases in Italy and France Headline inflation ticks lower in Italy and France. Lower Labour Costs Cool Inflation Pressures Labour costs ease, productivity growth rises, employment growth slows. » VIEW MORE TODAY'S ECONOMY
Commentary
Canada Risk Matrix: Housing Markets Turn More Pessimistic Early signs of strain in Canada's housing market could exacerbate a growth downturn. Trade War Tracker: Framework of a Plan Terms were agreed to in London as part of a “framework” for trade moving forward between the U.S. and China. U.S. Weekly Highlights and Preview, June 13, 2025 We look for retail sales to drop 0.6% in May after a modest gain in April. Europe Weekly Highlights and Preview, 13 June 2025 We do not expect the Bank of England to cut at next week's meeting. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Consumer Price Index
May. 2025: 0.7% y/y
France’s CPI inflation rate eased to 0.7% year over year in May from 0.8% in April. This marked the lowest reading since February 2021, driven by a slowdown in services inflation and a steeper decline in energy prices. Italy
Consumer Price Index
May. 2025: 1.6% y/y
In May, Italy's headline consumer price inflation cooled to 1.6% year over year, below our forecast of 1.9%. Canada
Housing Starts
May. 2025: 280 ths
Canada's overall housing starts remained relatively flat in May, decreasing 0.2% to 279,510 units, while urban starts also changed little. United States
NY Empire State Manufacturing Survey
Jun. 2025: -16.0
New York's factories are still struggling, according to the June Empire State Manufacturing Survey, but there are increasingly hopeful signs. World
Moody's Analytics Survey of Business Confidence
June 13: 19.0%
Global businesses remain cautious. Peru
Unemployment
May. 2025: 5.6%
The June jobs report was positive, with stronger job additions accompanying a resumption of growth in the labor force. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
May. 2025: 37.4 weeks, NSA
New-vehicle affordability was relatively flat in May. Singapore
Foreign Trade
May. 2025:
Japan
Monetary Policy
Jun. 2025:
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