Today's Economy LatAm Daily Briefing: Mexican Migrants Send Temporary Relief Surging joblessness in the U.S. saps incomes and leaves less room for monthly transfers. BoE Preview: More QE Coming Soon The central bank will need to keep gilt yields low and support the economic recovery. Europe Daily Briefing: Bad News Looks to Stay Awhile Euro zone PMIs don't bode well for a swift recovery in coming months. State-by-State Breakdown of CARES Act Funding to Healthcare Providers HHS has allocated $72.4 billion to beleaguered healthcare providers amid the COVID-19 outbreak. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, May 4, 2020 Focus will be on damage the COVID-19 crisis has done to the labor market. U.S. Chartbook: Deep Freeze With shutdowns keeping much of the economy on ice, new data confirm a significant collapse. The Unemployment Rate Will Undersell the Impact of COVID-19 The scale of U.S. job losses and mandated business closures add complexity to job-loss measures. This Week in the COVID Crisis More job losses are likely through mid-May, but job growth should resume by Memorial Day as businesses begin to reopen. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone Retail Sales Mar. 2020: -11.2% Euro zone retail sales slumped by 11.2% m/m in March, the largest decline on record, after a 0.6% rise in February. United States MBA Mortgage Applications Survey May 01: 0.1% Mortgage applications inched up by 0.1% over the week of May 1, after falling by 3.3% in the previous week. United States Bankruptcy Filings 2020Q1: -5.9% Personal bankruptcy filings inched higher in the first quarter from the fourth, a smaller than seasonally normal increase. United States ADP National Employment Report Apr. 2020: -20,236,000 The labor market is making history for all the wrong reasons. Colombia Consumer Price Index Apr. 2020: 3.5% Colombia’s annual inflation rate decelerated in April amid lower domestic fuel prices and a drop in internet access fees. Peru Consumer Price Index Apr. 2020: 1.7% The Lima CPI rose 1.7% in April on a year-ago basis, the first full-month reading since the imposition of a national quarantine in late March. United States Risk of Recession Mar. 2020: 71% The U.S. economy ran into a brick wall in March and a recession is the baseline forecast. United States Oil Inventories May 01: 532.2 mil barrels Crude oil inventory accumulation last week slowed toward a much more normal increase, a potential harbinger of higher oil prices. Argentina Industrial Production - Advance Mar. 2020: -16.8% Industrial output sunk 16.8% y/y in March (NSA), as the country went into lockdown amid the COVID-19 pandemic. Brazil Monetary Policy May. 2020: Chile Monetary Policy May. 2020: Philippines GDP 2020Q1: Australia Foreign Trade Mar. 2020: » VIEW MORE ECONOMIC INDICATORS |