Today's Economy Economic Roundup: Small Businesses Sound Alarm NFIB survey showed 50% of small businesses could survive for no more than two months. Europe Daily Briefing: Good News From Europe March and April will bring less cheer. Asia-Pacific Daily Briefing: Singapore and Japan Open the Tap Wider Japan's stimulus package blows precedent out of the water. U.S. Equity Market Now Resides 18.6% Above March 23’s Trough The VIX fell to 45.24 points on Monday for its lowest close since March 5’s 39.62 points. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Outlook: Unavoidable Recession in 2020 The economic fall will be deeper than that during the 2008-2009 recession. COVID-19 Pressure Points in Asia China’s economy is getting back on its feet, but neither the country nor the region is out of the woods. Canada Outlook: Forecast Update, Q2 and Beyond Grim news abounds, but there's a glimmer of hope. Euro Zone Outlook: A Year Lost to COVID-19 Large swaths of the economy have all but switched off. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States CoreLogic Home Price Index Feb. 2020: 4.1% The CoreLogic Home Price Index increased 4.1% year over year in February, a slight increase over January's 4% growth rate, before revisions. Australia Monetary Policy Apr. 2020: 0.25% The Reserve Bank of Australia expectedly kept all monetary settings on hold at its April meeting, after a raft of measures were announced at an emergency meeting on 19 March, including reducing the cash rate, bond purchases, and a term funding facility. Italy Retail Sales Feb. 2020: 0.8% Italy’s retail sales grew 0.8% m/m and 5.7% y/y in February. Germany Industrial Production Feb. 2020: 0.3% Headline calendar and seasonally adjusted industrial production rose by 0.3% m/m in February, though it remained 1.2% lower in year-ago terms. United States NFIB Small Business Survey Mar. 2020: 96.4 U.S. small-business confidence fell sharply in March because of COVID-19. Mexico Consumer Price Index Mar. 2020: 3.25% Mexico’s inflation declined in March as the price of energy reduced significantly. Brazil Retail Sales Index Feb. 2020: 4.7% Brazil’s retail consumption rebounded in February as the economy was still running with no major interruptions from the coronavirus. Chile Foreign Trade Mar. 2020: $1.24 bil Chile’s foreign trade shot up during March on the back of falling imports as the COVID-19 outbreak spread through the country, lowering demand for imported goods. Canada Purchasing Managers' Index Mar. 2020: 26.0 The seasonally adjusted Ivey Purchasing Managers' Index plummeted from 54.1 in February to 26 in March. United States Job Openings and Labor Turnover Survey Feb. 2020: 4.3% openings rate The February Job Openings and Labor Turnover Survey data betray no hint of what's to come. United States Moody’s Analytics Policy Uncertainty Index April 03: 166.2 The four-week moving average in our U.S. policy uncertainty index increased from 158.2 to 166.2 in the week ended April 3. United States California Manufacturing Survey 2020Q2: 45.6 United States Consumer Credit (G19) Feb. 2020: $22.3 bil Consumer credit growth rose in February, coming in at $22.3 billion compared with January’s posting of $12.1 billion. Argentina Industrial Production - Advance Feb. 2020: -0.8% Industrial output dropped 0.8% y/y in February (NSA) after declining 0.3% y/y in the previous month. Japan Machinery Orders Feb. 2020: » VIEW MORE ECONOMIC INDICATORS |