Today's Economy Economic Roundup: All Eyes on Financial Markets The U.S. economic data are favorable, but COVID-19 fears dominate investors’ psyche. LatAm Daily Briefing: Mexico's Mystery Consumer Consumers' behavior is perplexing—until remittances are considered. Europe Daily Briefing: Soft Data Oblivious to COVID-19 The sentiment survey was conducted before the spike in cases and deaths in Italy. Coronavirus Is Upending the Greek Economy The virus continues to surge in Europe, increasing fears of a pandemic and global recession. » VIEW MORE TODAY'S ECONOMY
Commentary Australia Outlook: A Cruel Summer Preliminary estimates suggest GDP contracted in Q1 amid the bushfires and COVID-19 outbreak. COVID-19 Tracker: No Longer Contained Downside risks have increased in our outlook for global growth this year. LatAm and COVID-19: Trade Tremors Sound a Warning Weekly figures warn of the economic consequences of the coronavirus outbreak. U.S. Financial Outlook: Assessing the Risk of Market Corrections The fallout from COVID-19 has produced a nick on the Teflon of U.S. equity markets. » VIEW MORE COMMENTARY
Today's Economic Indicators
South Korea Monetary Policy Feb. 2020: 1.25% The Bank of Korea kept the policy rate unchanged at 1.25% in February. United States Moody's CMBS Delinquency Tracker Jan. 2020: 2.60% The Moody’s Delinquency Tracker total delinquency rate declined 17 basis points to 2.6% in January. Euro Zone Business and Consumer Sentiment Feb. 2020: 103.5 The euro zone's business and consumer sentiment jumped 0.9 point in February to 103.5, as consumer confidence jumped 1.5 points. Mexico Employment Situation Jan. 2020: 3.8% Unemployment Mexico's unemployment rate started the year with a significant rebound as the economy started to slow. United States Jobless Claims February 22: 219,000 The U.S. labor market remains in top form as layoffs are low. United States Durable Goods (Advance) Jan. 2020: -0.2% U.S. durable goods continue to paint a mixed picture for manufacturing. United States GDP 2019Q4: 2.1% U.S. Canada Balance of International Payments 2019Q4: -C$8.8 bil Trade will likely give only a marginal boost to fourth-quarter GDP growth as the current account deficit for goods and services narrowed ever so slightly. Canada Earnings, Hours and Employment Dec. 2019: 3.4% Average weekly earnings for total nonfarm employees came in at C$1,042 in December, virtually the same as November. United States Pending Home Sales Jan. 2020: 108.8 The NAR pending home sales index jumped 5.2% higher to 108.8 in January, fully rebounding from its sharpest one-month drop in a decade in December. United States St. Louis Fed Financial Stress Index February 21: -1.59 Financial market stress increased for the first time in three weeks as investors worried about the potential economic impact from COVID-19. United States Natural Gas Storage Report February 21: -143 bil cubic feet The decline in natural gas stocks last week fell short of analyst predictions, which is likely to have a slight negative effect on prices. United States Kansas City Fed Manufacturing Survey Feb. 2020: 5 Manufacturing activity within the Tenth District expanded for the first time in eight months. The composite index rose to 5 in February, above its reading of -1 in January and -5 in December. This month's increase was broad-based with both durable and nondurable manufacturing showing improvement. Japan Employment Situation Jan. 2020: Japan Industrial Production Jan. 2020: Japan Retail Sales Jan. 2020: South Korea Retail Sales Jan. 2020: » VIEW MORE ECONOMIC INDICATORS |