July 15, 2026
United States:
US Producer Prices Come in Tame as Pipeline Pressures Abate
An underlying gauge of US producer price inflation was softer than expected in June, suggesting pressures earlier in the pipeline were abating before the latest flare-up in the Iran war.
The producer price index excluding food and energy increased 4.7% from a year earlier, according to Bureau of Labor Statistics data out Wednesday, below the median estimate in a Bloomberg survey.
Europe:
Trade Tensions Have Weakened European Credit Dynamics, ECB Says
Geopolitical uncertainty has led to reduced loan demand and stricter lending conditions for euro-zone firms exporting to the US, according to a blog post by European Central Bank staff.
European carmakers, among the firms most heavily exposed to tariffs, have encountered tighter credit standards that add to structural problems they already face, economists including Petra Köhler-Ulbrich wrote on Wednesday.
Asia:
China’s Economy Stumbles With Growth Unexpectedly Below Target
China’s economy slowed more than expected last quarter to the weakest in more than three years, raising pressure on policymakers to speed up public spending to ensure their annual growth goal is met.
Gross domestic product grew 4.3% from a year ago, according to data released by the National Bureau of Statistics on Wednesday, below the bottom of this year’s official target range of 4.5% to 5%.
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