Today's Economy Economic Roundup: Jobless Claims Provide Hope, but Job Growth Will Slow We look for an 850,000 increase in nonfarm employment and a 10.8% unemployment rate. LatAm Daily Briefing: Venezuela’s Oil Output Lowest in Over 75 Years The last rig actively drilling in the country shut down in July. ISM Composite Justifies Thinner High-Yield Bond Spread A further narrowing could occur if the weighted-average ISM index remains above 55. U.S. Unemployment Insurance Claims Point to Ongoing Job Growth in July A reduction in jobless claims is providing renewed optimism that the labor market is improving. » VIEW MORE TODAY'S ECONOMY
Commentary COVID-19 and a Move to U.S. Suburbs Real-time data reveal the breadth and persistence of flight from cities. Japan’s Supply Chain Dependencies on China and the Scope for Decoupling The period since 2017 has witnessed major disruptions to conventional globalization. U.S. Chartbook: Rising Infections Limit Rebound The economy contracted in the second quarter, but there were signs of a life. U.S. Weekly Highlights and Preview, August 3, 2020 The pause and rolling back of state reopenings should hurt nonmanufacturing more than manufacturing. » VIEW MORE COMMENTARY
Today's Economic Indicators
Philippines GDP 2020Q2: -16.5% The Philippines' GDP plunged 16.5% y/y in the second quarter after a revised 0.7% contraction in the first quarter. Italy Industrial Production Jun. 2020: 8.2% Italy's industrial production continued to improve in June, according to preliminary estimates. United States Challenger Report Jul. 2020: 262,649 Announced job cuts rose unexpectedly in July, breaking a two-month streak of declines. Brazil Employment Situation Jun. 2020: 13.3% Brazil’s unemployment continued to increase in June as the economy remained weak and affected by the coronavirus crisis. Colombia Consumer Price Index Jul. 2020: 2.0% Colombia’s annual inflation rate continued to decelerate in July amid the COVID-19 pandemic. United Kingdom Monetary Policy and Minutes Aug. 2020: 0.1% The Bank of England stood pat during its August meeting. United States Jobless Claims August 01: 1,186,000 Weekly initial claims provided an upside surprise and the result is even more promising when considering the impact of seasonal adjustment. Russian Federation Consumer Price Index Jul. 2020: 0.4% Russian inflation picked up again in July. United States St. Louis Fed Financial Stress Index July 31: -0.29 The St. United States Natural Gas Storage Report July 31: 33 bil cubic feet The rise in natural gas inventories last week closely matched analyst predictions, which will have little effect on prices. China Foreign Trade Jul. 2020: » VIEW MORE ECONOMIC INDICATORS |