| Today's Economy
Google Searches and the 2020 Iowa Caucuses The results aren't as surprising when you see which candidates were being looked up in Hawkeye State. LatAm Daily Briefing: Semblance of Calm Returns to Santiago Chile’s economy has begun to stabilize after protests that brought the country to a halt last fall. Political Backdrop Overshadows Fiscal Policy in SOTU Trump touted a strong economy but didn’t mention that the U.S. budget deficit is on track to surpass $1 trillion. Europe Daily Briefing: Coronavirus May Offset Boris Bounce A post-election bounce in the U.K. was expected, but the virus may hurt some sectors of the economy. » VIEW MORE TODAY'S ECONOMY
Commentary
What Trump’s Acquittal Means for the U.S. Economic Outlook Though impeachment seems to have not affected the economy, it’s still relevant. Mexico and Brazil: A Tale of Two Auto Industries A focus on exports could help Brazil's carmakers narrow the gap with Mexico. The Many Points of Coronavirus Impact in China Reduction of income, even if temporary, makes the high debt load in the country more untenable. Coronavirus: The Global Economic Threat The U.S. will not be immune to the ill effects of this outbreak. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Feb. 2020: 1%
The Bank of Thailand has cut its policy rate by 25 basis points, from 1.25% to 1%. Euro Zone
Retail Sales
Dec. 2019: -1.6%
Euro zone retail sales plunged by 1.6% m/m in December, fully reversing November’s 0.8% rise. United States
MBA Mortgage Applications Survey
January 31: 5.0%
Mortgage applications rose 5% over the week of January 31. United States
ADP National Employment Report
Jan. 2020: 291,000
The labor market started 2020 with a bang. United States
International Trade (FT900)
Dec. 2019: -$48.9 bil
Though the nominal trade deficit widened more than expected in December, net exports still provided a big boost to fourth-quarter GDP growth. Canada
International Merchandise Trade
Dec. 2019: -C$ 370 mil
Canadian merchandise exports rose by 1.9% in December. United States
ISM Nonmanufacturing Index
Jan. 2020: 55.5
While U.S. factories continue to struggle, the much larger nonmanufacturing sector is doing just fine. United States
Oil Inventories
January 31: 435.0 mil barrels
Crude oil inventories rose by more than expected last week, which will be a negative for prices. Uruguay
Consumer Price Index
Jan. 2020: 8.7%
Uruguayan inflation moderated slightly in January, falling to 8.7% from 8.8% on a year-ago basis. Argentina
Industrial Production - Advance
Dec. 2019: 1.2%
Industrial output expanded 1.2% y/y in December (NSA) after a 4.5% y/y drop in the previous month. Brazil
Monetary Policy
Feb. 2020:
Colombia
Consumer Price Index
Jan. 2020:
Australia
Foreign Trade
Dec. 2019:
Australia
Retail Sales
Dec. 2019:
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