| Today's Economy
Economic Roundup: When Will the Layoffs Stop? Firms continue to lay off workers at a rapid pace even as the economy has turned a corner. LatAm Daily Briefing: Do Not Expect a Robust Recovery Because of COVID-19, Latin America has sunk into its worst recession in recent memory. Europe Daily Briefing: ECB Helps but Trade Uncertainty Surges U.K. retailers are still feeling gloomy, despite the easing of restrictions. Asia-Pacific Daily Briefing: Philippines Central Bank Cuts Rate Again Plenty is weighing on the country's growth prospects for 2020. » VIEW MORE TODAY'S ECONOMY
Commentary
The U.S. Labor Market Is Not Driving Spending Stimulus separates job losers from spending slashers. U.S. Road to Recovery: The Deepest but Shortest Recession Growth has resumed, and the recession is likely technically over. The Steep Price of May’s Job Gains Reopenings spurred surprisingly strong numbers, but seeded a June COVID-19 surge. U.S. Risk Matrix Update: Fiscal Space Becomes an Issue We raised the odds of an oil-price spike, but the probability remains low. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada
Earnings, Hours and Employment
Apr. 2020: 9.1%
By April, a multitude of COVID-19 containment restrictions were well underway in Canada. United States
Advance Wholesale and Retail Inventories
May. 2020: -1.2%
Wholesale inventories decreased 1.2% from April to May and were 4.3% lower than in May 2019. United States
International Trade in Goods - Advanced
May. 2020: -$74.3 bil
The advance data show that COVID-19 continued to take a major toll on international trade flows in May. United States
Jobless Claims
June 20: 1,480,000
Over 1 million Americans are still applying for unemployment insurance benefits every week. United States
Durable Goods (Advance)
May. 2020: 15.8%
U.S. durable goods orders rebounded sharply, advancing 15.8% in May, their first gain in three months. United States
GDP
2020Q1: -5.0%
U.S. Mexico
Retail & Wholesale Sales
Apr. 2020: -23.8%
Mexico’s retail stores were hit harder by the pandemic crisis in April as the confinement extended along the month. United States
St. Louis Fed Financial Stress Index
June 19: 0.21
The St. United States
Monthly GDP
Apr. 2020:
United States
Natural Gas Storage Report
June 19: 120 bil cubic feet
The increase in natural gas stocks surpassed consensus predictions, a net negative for gas prices. United States
Kansas City Fed Manufacturing Survey
Jun. 2020: 1
Manufacturing activity in the Kansas City Federal Reserve District accelerated slightly in June, with the composite index rising to 1 from -19 the previous month. Singapore
GDP - Advanced
2020Q2:
France
Job Seekers
May. 2020: 4.17 mil
The number of job seekers in France fell by 148,300 to 4.17 million in May as nationwide lockdown measures were eased. Mexico
Monetary Policy
Jun. 2020: 5.00%
The Bank of Mexico relaxed monetary conditions again in June as the economy's weakness deteriorates. South Korea
Consumer Sentiment Index
Jun. 2020:
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