Today's Economy Economic Roundup: Laid-Off Workers in Wait-and-See Mode The $600 weekly UI benefit supplement is slated to expire next week if no action is taken. LatAm Daily Briefing: Argentine Economy Contracted Sharply in May Gains in June and July will be limited due to the recent resurgence of COVID-19 cases. Europe Daily Briefing: European Sentiment Is on the Mend U.K. manufacturers are feeling better about the third quarter after a disastrous second. Asia-Pacific Daily Briefing: Exports Drive South Korea Into Recession With risks aplenty, a V-shape recovery seems less likely for the economy. » VIEW MORE TODAY'S ECONOMY
Commentary Roles Start to Reverse for Regional U.S. Economies The Northeast has hit its bottom, but other regions have begun to backtrack. FHFA’s Capital Rule Is a Step Backward The proposal would ultimately take the GSEs and the housing finance system in the wrong direction. Loss of Production Capacity Caused by COVID-19: World and Regions We estimate the loss and derive the requirements to recover the capacity. Q&A: Who Will Be the Next President? We answer questions submitted in response to our recent webinar. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Jobless Claims July 18: 1,416,000 The pausing and reversal of multiple state reopening plans are keeping initial claims for unemployment insurance benefits stuck at over 2 million per week. United States St. Louis Fed Financial Stress Index July 17: -0.17 The St. United States Conference Board Leading Indicators Jun. 2020: 2.0% Leading economic indicators show that conditions improved in June, but the recovery remains on shaky ground. United States Natural Gas Storage Report July 17: 37 bil cubic feet The rise in natural gas inventories last week closely matched analyst predictions and will have little effect on prices. United States Kansas City Fed Manufacturing Survey Jul. 2020: 3 Manufacturing activity within the 10th District expanded for the second consecutive month after suffering historic declines from March through May. Argentina Retail Sales Index May. 2020: -97.2% The index that tracks nominal sales at Buenos Aires’ largest shopping centers dropped 97.2% y/y in May after falling 97.6% in the previous month. » VIEW MORE ECONOMIC INDICATORS |