| Today's Economy
Economic Roundup: A Bit of Good News in Housing New-home sales increased in April, but we caution against reading too much into the data. LatAm Daily Briefing: COVID-19 Tilted Region Into Recession Argentina and Venezuela had the largest contractions in the first quarter. Europe Daily Briefing: We've Already Reached Rock Bottom German households should rally in June, while British retailers are slightly less pessimistic. Singapore's COVID-19 Response Now Totals SGD92.9 billion At about 20% of GDP, Singapore's stimulus spending is among the highest in the region. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Still Grim April data was universally weak as the pandemic took a major toll on the economy. This Week in the COVID Crisis Political pressure should convince lawmakers to agree to another rescue package—one closer to $1 trillion in cost. Latin America Weekly Highlights and Preview, May 22, 2020 Mexico likely suffered a deepening contraction in the first quarter. Europe Weekly Highlights and Preview, 22 May, 2020 Germany's GDP report will be the country's worst in years. » VIEW MORE COMMENTARY
Today's Economic Indicators
Russian Federation
Retail Sales
Apr. 2020:
United States
Chicago Fed National Activity Index
Apr. 2020: -16.74
The pace of U.S. economic activity fell to new lows in April as the effects of the COVID-19 pandemic and subsequent lockdowns throughout the country wreaked havoc. United States
Philadelphia Fed Nonmanufacturing Survey
May. 2020: -41
Nonmanufacturing activity in the Third District slid further in May, albeit at a more modest pace than in April. United States
FHFA Purchase-Only House Price Index
Mar. 2020: 5.9%
The Federal Housing Finance Agency purchase-only house price index increased 5.9% on a year-ago basis in March. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Mar. 2020: 3.9%
House price appreciation accelerated in March, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index. United States
Moody's Analytics Used Vehicle Price Indexes
Apr. 2020: -17.6%
With much of the nation under lockdown, the U.S. used-vehicle market felt the full brunt of the COVID-19 pandemic in April. Australia
Moody's Analytics Used Vehicle Price Indexes
Apr. 2020: -8.6%
The COVID-19 global epidemic has shaken up the Australia used-vehicle market. Mexico
Economic Activity Index
Mar. 2020: -2.3%
Economic activity was hit hard by the paralysis caused by the coronavirus outbreak in March. Mexico
GDP
2020Q1: -1.4%
In the first quarter, Mexico’s economy was not able to escape the negative effects caused by the U.S. contraction and the initial impact of the COVID-19 outbreak. United States
Conference Board Consumer Confidence
May. 2020: 86.6
U.S. consumer confidence stabilized in May after posting a record monthly decline in April, according to the Conference Board. World
Moody's Analytics Survey of Business Confidence
May 22: -18.0
Global businesses remain deeply pessimistic, as they have for the past three months. Business sentiment is consistent with a severe global recession, as responses to all nine questions in the survey are deeply negative, save for credit availability. United States
New-Home Sales
Apr. 2020: 623,000
The new-home market appears to weathering COVID-19 better than expected, likely thanks to reduced mortgage rates. United States
Texas Manufacturing Outlook Survey
May. 2020: -49.2
Texas manufacturing is still contracting, though the pace of decline eased somewhat in the May survey. Argentina
Retail Sales Index
Mar. 2020: -30.8%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers dropped 30.8% y/y in March after growing 72.9% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 