Today's Economy Economic Roundup: Phase One and Done The U.S. and China are unlikely to make progress on a Phase Two trade deal any time soon. Geopolitical Risk Calendar: U.S.Outlook Deteriorates as COVID-19 Surges The rapid reopenings have reignited the virus. Canada Weekly: How Long Can Housing Hold Up? A dive into the details reveals signs of a more substantial and persistent slowdown in the housing market. Europe Daily Briefing: French and Italian Manufacturing Rally With the reopening of factories in May, industrial output began its long recovery. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Weekly Highlights and Preview, July 10, 2020 The Central Bank of Chile will continue to keep monetary conditions on hold as inflation remains subdued and the economy contracts. Asia-Pacific Weekly Highlights and Preview: 10 July, 2020 China's June quarter GDP likely improved. Europe Weekly Highlights and Preview, 10 July, 2020 We expect that CPI inflation in the euro zone sped up to 0.3% year over year in June, from 0.1% in May. Global Outlook: Labor Markets on the Edge Even where we can see glimpses of recovery, unemployment will continue to rise through the rest of the year. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada RPS House Price Index Jun. 2020: 6.2% France Industrial Production May. 2020: 19.6% French headline industrial production increased by 19.6% m/m in May, partly recouping the 20.6% decline in April. Italy Industrial Production May. 2020: 42.1% Preliminary estimates show that Italy's industrial production rebounded by 42.1% m/m in May, following record drops in March and April, though it was down 20.3% y/y in calendar-adjusted terms. Brazil Consumer Price Index Jun. 2020: 2.13% Annual inflation in Brazil remained subdued and well below the central target in June as the economy remains depressed, although prices started to increase moderately. India Industrial Production May. 2020: -34.7% India’s industrial production declined by 34.7% y/y in May, a marked improvement from the 55.5% plunge (before revision) in April but worse than March’s 16.7% drop. Canada Labor Force Survey Jun. 2020: 12.3% As businesses and workplaces across Canada reopened, the Canadian labor market saw a tremendous rebound. United States Producer Price Index Jun. 2020: -0.2% The U.S. producer price index contracted 0.2% in June, marking the headline indicator’s fourth decrease in the last five months. Mexico Industrial Production May. 2020: -30.7% Mexico's industry continued to undergo a severe contraction in May as the economic paralysis extended. Peru Monetary Policy Jul. 2020: 0.25% The rate-setting committee of Peru's central bank kept the policy rate on hold while upping its guidance, stating that monetary policy will remain in expansive territory until the economy recovers. Russian Federation Foreign Trade May. 2020: US$3.7 bil Russian trade continued its free fall in May. United States California Manufacturing Survey 2020Q3: 57.3 The California Purchasing Managers' Composite Index rallied to start the third quarter, indicating expectations for an improvement in overall manufacturing activity following the body blow dealt by the COVID-19 pandemic. » VIEW MORE ECONOMIC INDICATORS |