Economy.com: Daily Update
| Today's Economy
Economic Roundup: Jobless Claims Are Following a Familiar Pattern We look for initial unemployment insurance claims to fall slightly to 240,000 in the week ended June 21. Eyes on UI Unemployment insurance claims remain a key indicator to watch. LatAm Daily Briefing: Colombia in Turmoil Political tension surges ahead of next year’s election. Europe Daily Briefing: Spain Is Still Spending First-quarter GDP grows as expenditures rise across the private sector. » VIEW MORE TODAY'S ECONOMY
Commentary
Retirement Trust Funds Highlight the Unsustainability of U.S. Fiscal Policy The Old-Age and Survivors Insurance and Hospital Insurance trust funds will fall short of covering 100% of scheduled obligations by 2033. Netherlands Outlook: Losing Momentum The economy is faltering amid the record-high policy uncertainty and global trade tensions. Downside Risks Threaten the GCC Outlook The conflict between Iran and Israel poses increased risks to Gulf Cooperation Council countries. U.K. Housing Market Report 2025Q2 Improving affordability means the housing market should revive in the second half of the year. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Jun. 2025: 1.75%
Against our expectations for a rate cut, the Bank of Thailand’s Monetary Policy Committee voted to hold the policy rate at 1.75% at its June meeting. Spain
GDP
2025Q1: 0.6% q/q
In seasonally adjusted terms, Spain's GDP grew 0.6% quarter over quarter in the first three months of 2025, aligning with preliminary estimates. France
Job Seekers
May. 2025: 3.00 mil
In May, the number of job seekers in France decreased by 11,200 to 3 million. United States
MBA Mortgage Applications Survey
June 20: 1.1%
The Mortgage Bankers Association’s composite index of mortgage applications increased 1.1% for the week ending June 20, as the market remains fairly steady. United States
New-Home Sales
May. 2025: 623,000 SAAR
New-home sales fell in May, dropping 13.7% from the prior month to 623,000 annualized units. United States
Oil Inventories
June 20: 415.1 mil barrels
Last week’s drawdown in oil inventories exceeded analyst expectations by a wide margin for the second consecutive week. » VIEW MORE ECONOMIC INDICATORS |
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