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Weekly Economic Perspectives

US Import Prices From China Falling at Fastest Pace in Years

Chief Economist
Investment Strategist

The Economy

  • US retail sales best expectations.
  • Canadian inflation reaccelerates.
  • UK services inflation and wage growth continue to exhibit strong momentum.
  • Narrowly based upside surprise in eurozone industrial production.
  • Net trade behind Japan’s big GDP beat.
  • Aussie wage growth has cooled.

Spotlight On Next Week

  • Services activity seen losing some momentum across geographies.
  • UK consumer confidence expected to weaken.
  • July’s Tokyo CPI to underscore firm underlying inflation.

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