
CHART OF THE WEEK
The analysis of the Research and Investments team enclosed in a chart

Real consumption in Japan
Real consumption rose in Japan in May: what are the impacts for investment choices? The figure is good, but consumption also increased due to nonrecurring effects. There was anticipated spending to avoid rising tariffs,

Economic sentiment in the Eurozone
Economic confidence fell in June in the Eurozone: what are the impacts for investment choices? With employment and activity little changed there was a negative wealth effect from the markets but, more importantly, an

Retail sales in China
Retail sales trend growth increased in China in May: what are the impacts for investment choices? The development of domestic consumption is a positive for economic growth, but sales in product categories supported by

Industrial production in the Eurozone
Industrial Production in Eurozone fell in April: what are the impacts for investment choices? Concerns about the cycle and wars, domestic political uncertainties in some countries in the area, the reduction in the share

Non manufacturing activity in the United States
U.S. m/m change in ISM Services Index fell below the expansion threshold in May: what are the impacts for investment choices? The index accounts for 4/5 of U.S. GDP. The mix of coupled Services

Consumer confidence in the United States
In May, U.S. Consumer Confidence consolidated near lows confirming its political bias: what are the impacts for investment choices? Since after the pandemic, the survey’s predictive value of consumers’ actual spending behavior has greatly