View:
May 14, 2024 6:01 PM UTC
We expect April durable goods orders to fall by 0.8% after a rise of 0.9% in March (after annual revisions were released on May 14) with a 0.3% increase ex transport to follow an unchanged March. Underlying trend remains close to flat.
May 14, 2024 3:29 PM UTC
We expect existing home sales to be unchanged at 4.19m in April, pausing after a 4.3% decline in March corrected a strong 9.5% increase in February. We expect to see trend move lower in the coming months, but there are no clear signals for a second straight decline in April.
May 14, 2024 2:35 PM UTC
The Brazilian Central Bank's latest meeting revealed a shift in forward-guidance, reducing the cut from 50bps to 25bps. While no immediate actions were taken, the minutes highlighted worsening conditions in three key areas: External Environment, Fiscal, and Economic Activity. Despite split votes on
May 14, 2024 2:02 PM UTC
After a 0.7% increase in March, we expect April retail sales to rise by only 0.3%. Ex autos we expect a 0.2% increase to follow a 1.1% rise in March, while ex autos and gasoline we expect sales to be unchanged after a 1.0% increase in March which was the strongest since October 2022.
May 14, 2024 1:48 PM UTC
We expect April CPI to rise by 0.4% overall for a third straight month but with the ex food and energy pace slowing to 0.3% after three straight months at 0.4%. We expect the strong start to the year to fade as the year progresses, though April PPI strength was disappointing and inflationary pressur
May 14, 2024 1:17 PM UTC
April PPI surprised on the upside with gains of 0.5% overall and ex food and energy, with ex food, energy and trade up by 0.4%. The upside surprise is however largely offset by downward revisions to March, both overall and ex food and energy to -0.1% from +0.2%, though March ex food, energy and tr