| Today's Economy
Second-Quarter Rebound by Equities Senses Better Times Ahead Illinois tops states in the cost of insuring debt against possibility of default. Economic Roundup: Housing Market Bucks Pandemic U.S. house prices move higher despite COVID-19-fueled turbulence. LatAm Daily Briefing: 2020 GDP Contraction Will Near 10% Difficulty in containing COVID-19 will extend and deepen this year’s historic recession in the region. Europe Daily Briefing: Don't Overread the Rise in Euro Zone CPI Headline inflation will remain significantly below target for the rest of the year. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Loss of Production Capacity Caused by the COVID-19 Pandemic It will take several years of persistent investment efforts to put global output back to potential. U.S. Commodities Outlook: A Long Road to Normal The primary risk to the oil market forecast is the path of the COVID-19 outbreak. U.S. Weekly Highlights and Preview, June 29, 2020 We expect an increase in vehicle sales from 12.2 million annualized units in May to 13 million in June. U.S. Chartbook: At a Crossroads With green shoots emerging and the pandemic intensifying, the U.S. is nearing a critical juncture. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Household Consumption Survey
May. 2020: 36.6%
Household consumption of goods soared by 36.6% m/m in May after plunging by 16% in March and 19.1% in April. Thailand
Foreign Trade
May. 2020: US$3.2 bil
Thailand's trade surplus rose to US$3.2 billion in May, largely due to a fall of 34.2% y/y in imports. United Kingdom
GDP - Quarterly
2020Q1: -2.2%
Final numbers showed that U.K. Euro Zone
Preliminary Consumer Price Index
Jun. 2020: 0.3%
Preliminary numbers showed that euro zone inflation rose to 0.3% y/y in June from 0.1% in May. Brazil
Employment Situation
May. 2020: 12.9%
Unemployment continued to increase in May as the economy lost more jobs during the confinement. Chile
Employment
May. 2020: 11.2%
The national unemployment rate averaged 11.2% in the March-May rolling quarter, up sharply from 7.2% a year earlier. Canada
Industry Output
Apr. 2020: -11.6%
Canada’s economic contraction worsened in April. Chile
Manufacturing Production
May. 2020: -13.3%
Chile's industry plunged in May as the confinement generalized across the country. Chile
Retail & Wholesale Sales
May. 2020: -23.5%
Chile’s retail and wholesale sales index dropped 23.5% y/y in May as the effects of COVID-19 continued to ravage the economy. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Apr. 2020: 4.0%
House price appreciation continued in April, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index. United States
Risk of Recession
Apr. 2020: 97%
The probability of the U.S. being in recession in the next six months spiked to 97% in April as the economy contracted significantly. United States
Conference Board Consumer Confidence
Jun. 2020: 98.1
U.S. consumer confidence improved in June, but it remains well below that seen prior to COVID-19. United States
Texas Service Sector Outlook Survey
Jun. 2020: 5.7
Texas current service sector activity rebounded in June for the first time in several months. South Korea
Foreign Trade
Jun. 2020:
Singapore
GDP - Advanced
2020Q2:
Colombia
Monetary Policy
Jun. 2020: 2.50%
Colombia’s central bank cut the reference interest rate by 25 basis points at Tuesday’s regular meeting. United States
Agricultural Prices
May. 2020: 3.9%
The Agricultural Prices Received Index bounced back a bit in May after dropping precipitously in April. Japan
Tankan Survey
2020Q2:
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