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May 08, 2026
Preview: Due May 21 - U.S. April Housing Starts and Permits - A mixed picture but trend may slow in Q2
May 8, 2026 6:34 PM UTC
We look for April housing starts and permits to both see levels of 1.40m, for starts a fall of 6.8% after a rise of 10.8% in March, and for permits a rise of 2.7% after a fall of 11.4% in March.
U.S. Preliminary May Michigan CSI - Dip on current conditions, expectations slightly improved
May 8, 2026 2:19 PM UTC
The preliminary May Michigan CSI of 48.2 is down from 49.8 in April and weaker than expected. The details are however more surprising, with the fall due to current conditions not expectations and inflation expectations slightly softer.
Canada April Employment - Weak data suggests little case for tightening
May 8, 2026 1:36 PM UTC
Canada’s April employment report with a 6-month high of 6.9% for unemployment following two straight months at 6.7%, and a fall of 17.7k in employment, is clearly a weak one and suggests there is little case for the Bank of Canada to consider tightening as long as core inflation shows no clear fee
U.S. April Employment - Resilience should keep easing off the near term agenda
May 8, 2026 1:04 PM UTC
April’s non-farm payroll suggests the US economy continues to grow at a respectable pace in early Q2 with no signs of a hit from the oil shock yet. Payrolls increased by a stronger than expected 115k, with unemployment stable at 4.3% and the workweek stronger at 34.3 hours from 34.2. Average hourl
Eurozone: In Dire Straits?
May 8, 2026 10:55 AM UTC
Amid all the concern about the energy-induced surge in inflation resulting from the Middle East conflict, the impact on EZ real economy looks to be sizeable and growing. High profile PMI numbers are flashing alarmingly, but the message from the April composite (at a 17-mth low) may actually be not