Today's Economy LatAm Daily Briefing: Uruguay's Economy Steams Ahead Optimistic numbers indicate a vibrant economy. Europe Daily Briefing: Confidence Declines in June Business and consumer confidence fell in the euro zone. Asia-Pacific Daily Briefing: Retail Sales Improved in Japan and Australia in May Things aren't as rosy as they seem. Economic Roundup: U.S. Consumers Turning More Pessimistic About Future The Conference Board consumer sentiment survey dropped in June. » VIEW MORE TODAY'S ECONOMY
Commentary Considering the Economic Consequences of the End of Roe v. Wade The Supreme Court’s decision does not materially change the outlook, but does pose new risks. U.S. Chartbook: Pessimism Goes Viral Data from the real economy and consumer sentiment are diverging in some confounding ways. Euro Zone Recession Risks: Reasons to Be Gloomy We attach a 50% probability of recession in the currency area over the next 12 months. LatAm Supply Chains: Still Tough to Tango Microchips, bad weather and labor strikes all add to the strain. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand Industrial Production May. 2022: -2.1% Rising shipping and energy prices costs dented Thai manufacturing in May, leading industrial production to fall 2.1% over the year. Japan Consumer Confidence Jun. 2022: 32.1 Japan’s consumer confidence index fell back in June, dropping to 32.1 from 34.1. Spain Retail Sales May. 2022: 0.0% m/m Spain's retail sales were flat in May, following a 5.3% m/m increase in April. Austria Employment and the Labour Market May. 2022: 5.7% Austrian labour statistics keep improving. Euro Zone Business and Consumer Sentiment Jun. 2022: 104.0 The euro zone’s economic sentiment indicator declined to 104 in June from 105 in May. Sentiment fell in the construction and retail sectors, and among consumer; industrial and services sentiment brightened meanwhile. Belgium Consumer Price Index Jun. 2022: 9.6% y/y Consumer price growth in Belgium accelerated further in June, clocking in at a whopping 9.65% year over year. United States MBA Mortgage Applications Survey June 24: 0.7% Mortgage application volume inched up in the week ended June 24. Chile Employment May. 2022: 7.8% Chile's national unemployment rate averaged 7.8% in the March-May rolling quarter, down from 10% a year earlier. United States GDP 2022Q1: -1.6%, q/q, SAAR U.S. United States Industry GDP 2022Q1: -1.8 ppt, SAAR The third and final estimate of first-quarter GDP shows output contracted by an annualized 1.6%. United States Moody's Analytics Inflation Expectations Pulse June 26: 2.84% Inflation expectations inched down in the week ended June 26. United States Oil Inventories June 24: 415.6 mil barrels A larger-than-expected decrease in oil stocks should put some more upward pressure on high oil prices. Russian Federation Industrial Production May. 2022: -1.7% y/y Russia's industrial production decreased by 1.7% y/y in May, slightly worsening the 1.6% loss in April, as a result of a contraction in all main industries except for electricity, gas, steam and air conditioning supply. Russian Federation Retail Sales May. 2022: -10.1% y/y Seasonally adjusted Russian retail sales recovered slightly by 0.5% m/m in May after tumbling by an upwardly revised 11.2% previously. Russian Federation Unemployment May. 2022: 3.9% Russia's not seasonally adjusted unemployment rate dropped to 3.9% in May from 4% in April. South Korea Industrial Production May. 2022: South Korea Retail Sales May. 2022: Japan Industrial Production May. 2022: China Manufacturing PMI Jun. 2022: » VIEW MORE ECONOMIC INDICATORS |