Today's Economy Economic Roundup: Filings for Unemployment Insurance Remain Massive It's going to take a while for the job market to heal. LatAm Daily Briefing: Governments' Fiscal Health Takes a Hit Because of the pandemic, sizable fiscal stimulus measures are being implemented. Canada Risk Matrix Update: Risks Realized The economy is headed for a stark recession, with the worst of the stress occurring in the second quarter. Final Thoughts Ahead of April U.S. Employment It will have been a month to forget as we look for employment to have fallen by 23.5 million. » VIEW MORE TODAY'S ECONOMY
Commentary Europe Weekly Highlights and Preview: 7 May, 2020 U.K. GDP figures will be grim. An Expansion Postmortem: Which U.S. Regions Won and Lost? Tech and energy economies led the way, but nearly one in four metros never returned to prior height. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Philippines GDP 2020Q1: -0.2% Philippines GDP contracted 0.2% y/y in the first quarter of 2020, a sharp contrast from the fourth quarter’s revised 6.7% growth. France Industrial Production Mar. 2020: -16.2% France's headline industrial production plummeted by 16.2% m/m in March, resulting in a 5.6% decline during the first quarter. Italy Retail Sales Mar. 2020: -20.5% Italy’s retail sales slumped by 20.5% m/m in March, the sharpest drop on record, following an upwardly revised 0.9% increase in the previous month. Germany Industrial Production Mar. 2020: -9.2% Headline calendar and seasonally adjusted industrial production plunged by 9.2% m/m in March, resulting in a 1.2% q/q decline. United States Challenger Report Apr. 2020: 671,129 Job cut announcements skyrocketed above 670,000 in April, according to the Challenger Report, as shutdowns of nonessential business activity and social-distancing efforts spurred sweeping layoffs. Mexico Consumer Price Index Apr. 2020: 2.15% Annual inflation continued to decline in April as energy prices plunged and domestic demand weakened. United Kingdom Monetary Policy and Minutes May. 2020: 0.1% The Bank of England left its interest rates and its quantitative easing programme unchanged in May, but stressed that it stands ready to take further action. United States Jobless Claims May 02: 3,169,000 Weekly jobless claims are steadily declining but still number in the millions. United States Productivity and Costs 2020Q1: -2.5% U.S. productivity declined in the first quarter, but the drop was less than we had anticipated. Chile Foreign Trade Apr. 2020: US$1,219.2 mil Chile’s foreign trade balance remained in surplus during April on the back of falling imports as the COVID-19 outbreak spread through the country, lowering demand for imported goods. Canada Purchasing Managers' Index Apr. 2020: 22.8 The seasonally adjusted Ivey Purchasing Managers' Index fell from 26 in March to 22.8 in April. United States St. Louis Fed Financial Stress Index May 01: 0.87 Financial stress continues to trend lower, though the level of stress remains above average. United States Natural Gas Storage Report May 01: 109 bil cubic feet The increase in natural gas stocks was close to analyst predictions, which means that this report will have little effect on gas prices. China Monetary Aggregates Apr. 2020: China Foreign Trade Apr. 2020: United States Consumer Credit (G19) Mar. 2020: -$12.0 bil Consumer credit growth fell in March by $12.1 billion. » VIEW MORE ECONOMIC INDICATORS |