| Today's Economy
Economic Roundup: Homebuilding Hindrances Slow Sales New-home sales data for May will likely force a downgrade to our near-term baseline forecast. Capital Market View: What a Difference a Year Makes Favorable rating changes haven't been this high since 2013. LatAm Daily Briefing: Youth Could Boost Brazil A quarter of the country's population is 15 to 29 years old. Europe Daily Briefing: Euro Zone Recovery Gains Speed in June PMI flash readings for June show output increasing and business confidence at an all-time high. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Vaccine Tracker: Accelerating Immunizations in Asia With Asia's pickup, the world will likely see its 3 billionth vaccination this week. U.S. COVID-19 Tracker Update: Oil Prices Won't Slow Economy Consumers are more likely to use excess savings to pay for oil price increases. U.K. Trade Deals Heavy on Symbolism, Light on Impact Important trade deals with the U.S. and the Trans-Pacific Partnership still lie ahead. Commodity Rally Puts China in a Dilemma: Green or Growth? The country may miss its yearly emission target in an effort to help the economy. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Jun. 2021: 0.5%
The Bank of Thailand held its interest rate steady at 0.5% during its scheduled meeting in June, as the central bank remains reluctant to deplete its remaining 50 basis points of conventional policy space or deploy quantitative easing. Ireland
Unemployment rate
Jan. 2021: 7.3%
Ireland’s joblessness rate increase to 7.3% in the first quarter of this year amidst strict lockdown measures. United States
MBA Mortgage Applications Survey
June 18: 2.1%
Mortgage applications grew 2.1% in the week of June 18, building off the 4.2% growth the week before. United States
Current Account
2021Q1: -$195.7 bil
The U.S. current account deficit widened less than expected in the first quarter, but the implications for the near-term outlook are minimal at best. Canada
Retail Trade
Apr. 2021: -5.7%
Canada's third lockdown crushed the country's retail sector, as expected. Mexico
Retail & Wholesale Sales
Apr. 2021: 30.1% y/y
Mexico’s retail stores reported a significant annual rebound in sales, amplified by the comparison base. United States
Regional and State Employment
May. 2021:
The May job numbers for state and regional economies marked an improvement on April’s report but reflect employers’ difficulties in finding workers. United States
New-Home Sales
May. 2021: 769,000 SAAR
New-home sales cooled in May for the second month in a row as homebuilders contend with high construction costs, labor supply issues, and a backlog of homes under construction. United States
Oil Inventories
June 18: 459.1 mil barrels
Commercial crude oil inventories dropped by 7.6 million barrels for the week ended June 18, according to the Energy Information Administration. Russian Federation
Industrial Production
May. 2021: 11.8%
The rebound in industrial production in Russia accelerated further in May. Argentina
GDP
2021Q1: 2.5% y/y
The Argentine economy expanded 2.5% y/y in the first quarter after contracting 4.3% y/y in the previous quarter. South Korea
Consumer Sentiment Index
Jun. 2021:
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