International Economic Data
Normally, I divide the data along geographic lines. As this was a very light week of data, I'll simply list the key developments by country.
- Mexico
- Retail sales increased by 2.1% Y/Y
- Unemployment at 3.7%
- CPI at 3.16%
- EU
- Consumer loan growth steady at 3.4%; business loans increased to 4.3%
- EU sentiment declined 1.4%
- Business climate declined -.34%
- Brazil
- Three-month rolling unemployment rate 11.8%
- Inflation rose by 3.4% Y/Y
There was insufficient data from any region to draw a meaningful conclusion.
Central Bank Actions of Note
The Mexican Central Bank lowered rates