| Today's Economy
LatAm Daily Briefing: Hanging by a Thread GDP tracking shows a steep deterioration across the region, in almost every country, and in some at double-digit rates. Economic Roundup: Fed Favors QE Over YCC, but That Could Change A few are on board with yield-curve control, although the Treasury could force support. Auto-Manufacturing Restart Eases Supply Concerns; Demand Worry Remains New-vehicle supply concerns have abated as Detroit's Big Three restarted production. Europe Daily Briefing: U.K. Inflation Still Sliding It will take some years before inflation reaches the 2% target again. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Housing Knocked Down but Not Out by COVID-19 Running counter to negative forces are pent-up demand, low vacancy rates, low interest rates, and a desire for homeownership. COVID-19 Exposure Scores: Africa The global pandemic poses a diverse range of issues for the economies across the region. COVID-19 Impact and Recovery: Lessons So Far From Asia Policies selected to combat the virus need to be timely, well executed, and coordinated with one another. Businesses Struggle to Navigate the COVID-19 Storm There could soon be a significant increase in U.S. business failures and bankruptcies. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
Apr. 2020: 0.8%
The U.K.’s CPI inflation slowed to 0.8% y/y in April from 1.5% in March, its lowest reading since mid-2016. Euro Zone
Consumer Price Index
Apr. 2020: 0.3%
Final numbers showed that euro zone inflation cooled to 0.3% y/y in April from 0.7% in March, slightly below the initial estimate. United States
MBA Mortgage Applications Survey
May 15: -2.6%
Mortgage applications decreased by 2.6% over the week of May 15, reversing the 0.4% increase in the previous week. Canada
Consumer Price Index
Apr. 2020: -0.2%
The consumer price index tumbled further in April as the economy slowed because of lockdowns related to COVID-19. Canada
Wholesale Trade
Mar. 2020: -2.2%
Wholesale sales in Canada fell 2.2% to C$63.9 billion in March. United States
Quarterly Services Survey
2020Q1:
The advance estimates for services revenues during the first quarter leave no doubt that the COVID-19 outbreak had a severe impact on services industries across the board. United States
Oil Inventories
May 15: 526.5 mil barrels
Oil inventories fell by a meaningful margin last week after exhaustive builds over the past two months due to COVID-19 lockdowns pushed stockpiles up. United States
FOMC Minutes
Apr. 2020:
The minutes from the April 28-29 meeting of the Federal Open Market Committee showed growing distress about the economic impact of COVID-19 and the measures taken to contain it. Argentina
Economic Activity Indicator
Mar. 2020: -11.5%
The Argentine statistics office’s monthly economic activity index dropped 11.5% y/y in March after falling 2.4% in the previous month. » VIEW MORE ECONOMIC INDICATORS |
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