Atlanta Fed GDPNow Q2 growth at 3.0%
The U.S. economy shows mixed signals as private payrolls increased by 122,000 in May, exceeding forecasts, while consumer sentiment fell to 42.5 in June, marking the tenth consecutive month below neutral. Retail sales, however, accelerated, with the Redbook Index up 9.0% year-over-year in late May. Meanwhile, the Atlanta Fed's GDPNow model forecasts Q2 real GDP growth at 3.0%, a decrease from previous estimates. In Canada, the economy has entered a technical recession, which Prime Minister Mark Carney attributes to policies addressing U.S. tariffs. India's industrial production rose 4.9% in April, surpassing expectations.