Economy.com: Daily Update
| Today's Economy
Economic Roundup: U.S. Service Sectors Are Under Pressure Service sector activity contracted in May, according to the ISM nonmanufacturing index. Mexico Reacts to New U.S. Tariff on Steel and Aluminum The country will seek an exemption in the coming days. Fall of Dutch Government Adds New Layer of Uncertainty The collapse of the coalition does not significantly alter the outlook but adds further uncertainty amid global trade tensions. Europe Daily Briefing: Freight Rates Jump Higher shipping rates point to renewed stockpiling efforts. » VIEW MORE TODAY'S ECONOMY
Commentary
Private Credit & Systemic Risk Assessing the interconnectedness of private credit in the financial system. U.S. Chartbook: Better, but Not Great Last week’s economic calendar was jam-packed, and while sentiment has improved, the outlook remains downbeat. Euro Zone Inflation Tracker: Sticking Around? Travel and tourism drive April inflation print. U.S. Weekly Highlights and Preview, May 30, 2025 We look for job growth to moderate in May, coming in at 120,000 after 177,000 jobs were added in April. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Apr. 2025: -0.8% m/m
Spain's industrial production decreased 0.8% month over month in April after adjusting for seasonal and calendar variations. United States
MBA Mortgage Applications Survey
May 30: -3.9%
The Mortgage Bankers Association’s composite index of mortgage applications fell 3.9% in the week ending May 30, marking the third consecutive weekly decline in activity. United States
ISM Nonmanufacturing Index
May. 2025: 49.9
The U.S. service sector mildly contracted in May for the first time in about a year. Canada
Monetary Policy
Jun. 2025: 2.75%
Inflation concerns outweighed growth fears as the Bank of Canada left policy unchanged at its June meeting. United States
Oil Inventories
May 30: 436.1 mil barrels
Commercial crude oil inventories dropped by 4.3 million barrels in the week ended May 30, compared with market expectations of a 1.3 million-barrel draw. Uruguay
Consumer Price Index
May. 2025: 5.1% y/y
Uruguay's annual inflation rate was slightly lower than expected in May, at 5.1%. United States
Beige Book
Jun. 2025:
U.S. economic activity declined slightly from mid-April through late May, according to business anecdotes collected from the 12 Federal Reserve districts. Philippines
Consumer Price Index
May. 2025:
Australia
Foreign Trade
Apr. 2025:
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