Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Thursday, February 27, 2020

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

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