| Today's Economy
U.S. New-Home Sales Disappoint The trend remains favorable, but some of the shine is coming off the housing data. No Denying the Euro Zone Sizzle The advance PMIs show that the area’s growth momentum accelerated even further in Q2. Argentine Peso Hit by Brazilian Crisis The currency remains overvalued despite the recent depreciation. Few Surprises in Trump's First Budget The White House will release its opening salvo in a lengthy negotiation. » VIEW MORE TODAY'S ECONOMY
Commentary
Revisiting the Key Questions for 2017 Some of our projections for the U.S. economy are on track, others are not. Euro Zone Outlook: Recovery Ramping Up Moderating downside risks could change the ECB’s forward guidance. Forecasters' Mailbag: Australia's Labour Market Conundrum Record high underemployment is keeping wage growth subdued. Time to Stop Overestimating Europe’s Political Risks Threats of rising populism have receded in recent months. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
GDP
2017Q1: 0.6%
German GDP grew 0.6% q/q in the first quarter of 2017, following a 0.4% gain previously, in line with the preliminary estimate. Taiwan
Domestic Trade
Apr. 2017: 0.4%
Taiwanese consumers tightened their purse strings in April, with retail trade expanding 0.4% y/y down from a 1.7% gain previously. Taiwan
Industrial Production
Apr. 2017: -0.6%
Manufacturing in Taiwan slowed sharply in April. Spain
Foreign Trade
Mar. 2017: -€1.5 bil
Spain’s monthly trade deficit shrank to €1.5 billion in February from €2.6 billion a month earlier, but it expanded from a €796 million shortfall in March 2016. Canada
Wholesale Trade
Mar. 2017: 0.9%
Wholesale sales rose 0.9% in March, the sixth consecutive monthly increase. Mexico
Retail & Wholesale Sales
Mar. 2017: 6.1%
Household consumption increased strongly in March, benefited by few more working days in the month. United States
New-Home Sales
Apr. 2017: 569,000
New-home sales tumbled in April, falling 11.4% below revised March totals, and are now only 0.5% above the year-ago level. United States
Richmond Fed Manufacturing Survey
May. 2017: 1
Manufacturing conditions in the Richmond Federal Reserve District were barely better than neutral in May, with the composite index finishing at 1. United States
Richmond Fed Services Survey
May. 2017: 34.0
Conditions in the Richmond Fed District service sector strengthened again in May. United States
Moody’s Analytics Policy Uncertainty Index
May 19: 105.4
The trend in policy uncertainty continues to weaken and is among the least favorable this year. Argentina
Economic Activity Indicator
Mar. 2017: 0.81%
The statistics office’s monthly economic activity index, IMAE, increased 0.8% y/y in March, after a 2.1% drop in the previous month. New Zealand
Foreign Trade
Apr. 2017:
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