Economy.com: Daily Update
| Today's Economy
Capital Market View: Not a Lot, but a Slightly Larger Cushion U.S. durable-goods inventories nudge second-quarter GDP a little higher. LatAm Daily Briefing: Ecuador’s Powder Keg Nationwide protests over economic conditions, especially inflation, threaten the country’s stability. No Respite Coming in Euro Zone Inflation The preliminary HICP for June, due Friday, will set another record high. Europe Daily Briefing: Norwegian Retail Falls Again Private consumption is stifled by weaker purchasing power and higher uncertainty. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Labor Outlook: Job Train Keeps Rolling The unemployment rate will eclipse pre-pandemic lows by year’s end. U.S. Weekly Highlights and Preview, June 27, 2022 The solid labor market can’t fully offset the hit to sentiment from higher food and gasoline prices. U.S. Credit Outlook: Secured Markets to Slow First-mortgage lending is downshifting, causing the entire credit market to decelerate. Latin America Weekly Highlights and Preview, June 24, 2022 Retail sales get a solid lift in Mexico and Argentina. » VIEW MORE COMMENTARY
Today's Economic Indicators
Norway
Retail Sales
May. 2022: -0.8% m/m
N Hong Kong SAR (China)
Foreign Trade
May. 2022: -HK$36.7 bil
Hong Kong posted an HKD36.7 billion deficit in May, which was lower than our expected trade deficit of HKD39 billion. France
Job Seekers
May. 2022: 2.93 mil
The number of job seekers in France decreased to 2.93 million in May from 2.95 million in April. Mexico
Trade Balance
May. 2022: -US$2,215.3 mil
Mexico’s trade account reported another deficit in May as imports grew at a faster speed. United States
Durable Goods (Advance)
May. 2022: 0.7% m/m
U.S. durable-goods orders were up 0.7% in May following an unrevised 0.4% gain in April. United States
Pending Home Sales
May. 2022: 99.9
The NAR pending home sales index edged up 0.7% to 99.9 in May, snapping the downward trend started in October, but it is still hovering near a multiyear low. World
Moody's Analytics Survey of Business Confidence
June 24: -4.5
Global business sentiment is weak. United States
Texas Manufacturing Outlook Survey
Jun. 2022: -17.7
Texas manufacturing fell significantly in June. » VIEW MORE ECONOMIC INDICATORS |
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