| Today's Economy
Economic Roundup: The COVID-19 Outbreak Spreads in Europe New cases across the Continent sparked further selloffs in European and U.S. stock markets. Recession-Associated VIX and 1,200-Bps High-Yield Bond Spread The volatility index has skyrocketed from January's 12.1 points to Friday's 47 points. Europe Daily Briefing: Odds Rise for Coronavirus Recession Pandemic would bring on first-quarter contractions in the global, U.S. and the euro zone economies. Geopolitical Risk Calendar: Coronavirus Lowers the Outlook for Global Growth The virus has already weighed heavily on China's economy. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, February 28, 2020 March kicks off with a bundle of reports on inflation. Europe Weekly Highlights and Preview, 28 February, 2020 U.K.-EU trade talks and COVID-19 will dominate the agenda. Asia-Pacific Weekly Highlights and Preview, 28 February, 2020 A suite of data will begin to show the COVID-19 economic toll. Korea Takes a Different Approach to COVID-19 Threat The country is hopeful that it is prepared for the coronavirus. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Foreign Trade
Jan. 2020: US$0.4 bil
Thailand’s January trade surplus dropped sharply to US$383 million, from US$1.89 billion in December. France
GDP
2019Q4: -0.1%
The final estimate of French GDP confirmed that the economy contracted by 0.1% q/q in the fourth quarter after a 0.3% gain in the third. France
Household Consumption Survey
Jan. 2020: -1.1%
French household consumption expenditure on goods plunged 1.1% m/m in January, adding to the 0.3% decline in December. Germany
Unemployment
Feb. 2020: 5%
The German unemployment rate stayed at 5% in February. Chile
Manufacturing Production
Jan. 2020: 3.43%
The national industry continued to advance at the beginning of the year, showing signs of normalization. Chile
Retail & Wholesale Sales
Jan. 2020: 1.6%
Chile’s retail and wholesale sales index rose 1.6% y/y in January, building on December's gain and beating our forecast. Brazil
Employment Situation
Jan. 2020: 11.2%
Unemployment started the year with the traditional seasonal rebound. India
GDP
2019Q4: 4.7%
India's real GDP growth for the third quarter (October-December) came in at 4.7%, in line with market expectations and down from an upwardly revised 5.1% in the second stanza. Mexico
Trade Balance
Jan. 2020: 2,415.8 mil
Mexico’s trade balance started the year with a negative result as exports moderated. Canada
GDP
2019Q4: 0.3%
The economy barely expanded in the final three months of 2019. Canada
Industrial Product and Raw Materials Price Indexes
Jan. 2020: -0.3%
The Industrial Product Price Index indicated that prices for Canadian-made products were down 0.3% on a monthly basis in January. Canada
Industry Output
Dec. 2019: 0.3%
Canadian GDP made healthier progress in December. United States
International Trade in Goods - Advanced
Jan. 2020: -$65.5 bil
The nominal goods deficit narrowed in January as imports slipped. United States
Personal Income
Jan. 2020: 0.6%
Income growth was strong at the beginning of the year. United States
PCE Deflator
Jan. 2020: 0.1%
Consumer price growth slowed in January but provided the Federal Reserve some good news, as year-ago price growth inched closer to its 2% target. United States
Personal Spending
Jan. 2020: 0.1%
Real consumer spending growth remained modest in the first month of the year. United States
University of Michigan Consumer Sentiment Survey
Feb. 2020: 101.0
Consumer sentiment remains strong, with consumers seemingly ignoring any threat from COVID-19. United States
Agricultural Prices
Jan. 2020: -2.2%
The Agricultural Prices Received Index decreased 2.2% in January as a drop in the crop production index offset an increase in the livestock production index. China
Manufacturing PMI
Feb. 2020:
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