| Today's Economy
Economic Roundup: Retail Sales, Production Jump in May Our high-frequency model now has second-quarter GDP tracking -39.7% at an annualized rate. LatAm Daily Briefing: Peru's Economy Ravaged in April The economy contracted 40.5% y/y as the country struggles to contain COVID-19. U.S. Retail Sales Surged, but Levels Don't Lie Sales rose 17.7% in May but remain well below that seen prior to COVID-19. Europe Daily Briefing: Things Aren't So Good Behind the Scenes U.K. unemployment was better than expected in the April quarter, but it will still rise. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Housing Outlook: Inequality, Segregation Slow Prosperity Income equality and racial integration are linked to faster house price growth. U.S. Chartbook: Fed Stays the Course Interest rates will remain at rock bottom for the foreseeable future. U.S. Weekly Highlights and Preview, June 15, 2020 The U.S. economy continues to turn the corner on the COVID-19 recession. This Week in the COVID Crisis Household credit problems are likely to mount once the forbearance measures wind down. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
May. 2020: 0.6%
German headline consumer inflation decelerated to 0.6% y/y in May from 0.9% in April. United Kingdom
Unemployment
Apr. 2020: 3.9%
U.K. joblessness held steady at 3.9% in the April quarter, again beating expectations for a sharp rise due to the COVID-19 crisis. Brazil
Retail Sales Index
Apr. 2020: -16.8%
Brazil’s retail sales plunged in April as the confinement affected activities in general. Canada
International Transactions in Securities
Apr. 2020: C$49.0 bil
Foreign investors poured money into Canadian securities in April, following a month that saw Canadians exit foreign assets en masse. United States
Retail Sales
May. 2020: 17.7%
The fall in retail sales is over, though sales remain low by pre-COVID standards. United States
Industrial Production
May. 2020: 1.4%
Industrial production rose 1.4% in May after contracting for two consecutive months. United States
Business Inventories (MTIS)
Apr. 2020: -1.3%
The inventory build stumbled further in April, with business stockpiles contracting 1.3% over the month. United States
NAHB Housing Market Index
Jun. 2020: 58
Homebuilder confidence jumped up 21 basis points to 58 in June. United States
State and Local Government Tax Revenue
2020Q1: 4.3%
Growth in state tax collections continued to decelerate in the quarter ended in March, just as the COVID-19 crisis started disrupting U.S. economic activity. United States
Monthly GDP
Apr. 2020:
Singapore
Foreign Trade
May. 2020:
Chile
Monetary Policy
Jun. 2020:
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