| Today's Economy
Economic Roundup: U.S. Legislative Agenda Continues to Slow President Trump could shift focus toward areas where he has broad authority. A More Difficult Path to Higher Long-Term Rates in the U.S. We have trimmed our forecast, but risks remain weighted toward a smaller increase. ECB Likely Will Stand Pat, but Rhetoric Could Change We do not expect the central bank to make any changes to its forward guidance. Mexico Should Tighten Monetary Policy Further Ending the hiking cycle and leaving the nominal rate at 6.75% won't cut inflation by year's end. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: A Watchful Revival Economies in most regions should be robust this year, though several crises loom. Labour Market Slack Limits Euro Zone Wage Growth The jobless rate would be higher if discouraged and part-time workers were added. Forecasters' Mailbag: Delving Into India's GST Inflation will likely cool, but the different rates will make the tax difficult to implement. Webinar on Demand: Potential Bumps Ahead for U.S. Financial Markets The economy has already weathered bouts of financial stress during this expansion. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Apr. 2017: 0.1%
Spain’s industrial production slightly improved in April, coming in at 0.7% y/y. Italy
Retail Sales
Apr. 2017: -0.1%
Italy’s retail sales dropped 0.1% on a monthly basis in April, following no change in the previous month. Germany
Manufacturing Turnover and Orders Received
Apr. 2017: -2.1%
German manufacturing dropped by 2.1% m/m in April following a 1.1% increase in March. Taiwan
Foreign Trade
May. 2017: US$3,458.7 mil
Euro Zone
Retail Sales
Apr. 2017: 0.1%
Retail sales in the euro zone fell slightly short of expectations and added only 0.1% m/m in April, after sales growth for March was revised down to 0.2% from 0.3%. United States
MBA Mortgage Applications Survey
June 02: 7.1%
Mortgage applications jumped up last week as rates continue to decline. Canada
Building Permits
Apr. 2017: -0.2%
Canada’s building permits fell 0.2% in April, dropping to C$7.1 billion. Chile
Foreign Trade
May. 2017: US$722.9 mil
Chile’s trade balance climbed in May on stronger exports and still-muted domestic demand. India
Monetary Policy
Jun. 2017: 6.25%
The Reserve Bank of India remains committed to its neutral policy stance despite inflation and GDP growth decelerating in the first quarter. United States
Oil Inventories
June 02: 513.2 mil barrels
A surprise increase in crude oil inventories will push oil prices lower. United States
Consumer Credit (G19)
Apr. 2017: $8.2 bil
Headline consumer credit gave up some momentum. Japan
GDP
2017Q1:
Australia
Foreign Trade
Apr. 2017:
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