Today's Economy Economic Roundup: On-Again, Off-Again Reopening Hits Consumer Sentiment U.S. consumers flinch at rising infections, while homebuilding hasn’t batted an eye. Baa Industrial Yield Sinks to 64-Year Low Also, investment-grade corporate bond yield set a record low. Europe Daily Briefing: Last Chance for a Timely Recovery Fund Leaders meet to negotiate the recovery fund, but agreement is far from assured. Geopolitical Risk Calendar: U.S. Economy Sputters Aggressive reopenings have caused damage. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Weekly Highlights and Preview: July 17, 2020 The light economic calendar will highlight Mexico and Argentina. Europe Weekly Highlights and Preview, 17 July, 2020 U.K. retail likely improved but has a long way to go to reach pre-COVID-19 levels. Asia-Pacific Weekly HIghlights and Preview: 17 July, 2020 South Korea likely slipped into recession during the June quarter. Mask Mandates Are a Safety Net Policy responses tip the scales for U.S. regional economies. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Moody's CMBS Delinquency Tracker Jun. 2020: 5.78% The Moody’s Delinquency Tracker total delinquency rate surged 310 basis points to 5.78% in June. Russian Federation Industrial Production Jun. 2020: -9.4% Russian industrial production declined by 9.4% y/y in June. Euro Zone Consumer Price Index Jun. 2020: 0.3% Final numbers confirmed that euro zone inflation rose to 0.3% y/y in June from 0.1% in May. Canada Wholesale Trade May. 2020: 5.7% Wholesale sales rebounded in May after the largest drop on record in April. United States New Residential Construction (C20) Jun. 2020: 1.186 mil U.S. housing starts continued their recent rebound in June, increasing from 1,011,000 to 1,186,000 annualized units. United States Median usual weekly earnings 2020Q2: 10.4% Nominal wage growth spiked in the second quarter, reflecting the profound impact that COVID-19 is having on the U.S. economy. United States Monthly GDP May. 2020: 4.0% The U.S. economy resumed growing in May after contracting significantly in each of the prior two months. United States Regional and State Employment Jun. 2020: The June job numbers for state and regional economies put the second quarter in the books, and although results show another strong month for jobs, there are signs in other timely indicators that the recovery in the labor market is slowing in parts of the country where COVID-19 cases are rising. United States University of Michigan Consumer Sentiment Survey Jul. 2020: 73.2 Consumer sentiment remains at a recessionary level, and increases in COVID-19 infections are likely to keep it there. » VIEW MORE ECONOMIC INDICATORS |