| Today's Economy
Economic Roundup: May Starts Don't Dash Housing's Potential V-Shaped Recovery Permits were solid and point toward an increase in construction in June. LatAm Daily Briefing: Industry Plunges Across the Region Paralysis from the COVID-19 crisis set in during April. U.S. Census Hiring to Provide Needed Jobs Hiring for temporary positions has been delayed but is likely to peak in August. Europe Daily Briefing: A Chilly Summer for European Builders U.K. CPI cooled in May and prices will remain subdued in coming months and years. » VIEW MORE TODAY'S ECONOMY
Commentary
HEROES Act to the Rescue This legislation would go a long way to ensure the nascent U.S. recovery remains intact and the economy returns to full employment more quickly. Global Outlook: A Slow, Uncertain Recovery The economic crisis has broadly peaked but will take years to unwind. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
May. 2020: 0.5%
The U.K.’s CPI inflation slowed to 0.5% y/y in May, its lowest reading in four years, from 0.8 % in April. Euro Zone
Consumer Price Index
May. 2020: 0.1%
Final numbers confirmed that euro zone inflation cooled to 0.1% y/y in May from 0.3% in April. United States
MBA Mortgage Applications Survey
June 12: 8.0%
Mortgage applications increased by 8% over the week of June 12 after rising by 9.3% in the previous week. United States
New Residential Construction (C20)
May. 2020: 0.974 mil
U.S. housing starts edged higher in May, rising from 934,000 to 974,000 annualized units. Canada
Consumer Price Index
May. 2020: -0.4%
Inflation decelerated further in May as the recession caused prices to weaken across nearly all categories. Russian Federation
Industrial Production
May. 2020: -9.6%
Russian industrial production contracted by 9.6% in May 2020, accelerating from April's 6.6% drop and extending the COVID-19 fallout for output. United States
Oil Inventories
June 12: 539.3 mil barrels
Oil inventories rose again last week, but the build fell shy of analyst predictions, which should be a plus for prices. United States
Moody’s Analytics Policy Uncertainty Index
June 12: 221.6
The four-week moving average in our U.S. policy uncertainty index increased from 221 to 221.6 in the week ended June 12. Russian Federation
GDP
2020Q1: 1.6%
Russian GDP decelerated in the first quarter of 2020, with growth coming in at 1.6% year over year, compared with 2.1% in the last quarter of 2019 and total growth of 1.3% in 2019. Brazil
Monetary Policy
Jun. 2020:
Australia
Employment Situation
May. 2020:
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