| Today's Economy
LatAm Daily Briefing: Brazil's Pre-Salt Payday Crude oil production reached a record 3.17 million barrels per day in January. Markets Putting the Fed on the Hot Seat Will the central bank have concrete evidence of the impact of COVID-19 by the March FOMC meeting? U.S. Residential Construction Is Cooking COVID-19 poses some downside risks this quarter. Europe Daily Briefing: Manufacturing PMIs Are Misleading The increase was entirely due to a negative supply shock. » VIEW MORE TODAY'S ECONOMY
Commentary
Early Look at Chinese Manufacturing Since COVID-19 Both manufacturing and nonmanufacturing PMIs hit record lows in February. U.S. Weekly Highlights and Preview, March 2, 2020 Financial market conditions may factor most in any signals from the Fed. Latin America Weekly Highlights and Preview, February 28, 2020 March kicks off with a bundle of reports on inflation. Europe Weekly Highlights and Preview, 28 February, 2020 U.K.-EU trade talks and COVID-19 will dominate the agenda. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Semiconductor Billings
Jan. 2020: -2.0%
Chile
Monthly Economic Activity Indicator
Jan. 2020: 1.5%
Chile’s activity continued to recover at the start of the year, propelled by the industrial rebound. Peru
Consumer Price Index
Feb. 2020: 1.9%
The consumer price index for the Lima metropolitan area—a barometer of inflation for Peru as a whole—rose 1.9% in February on a year-ago basis, unchanged from the past five months. United States
Construction Spending (C30)
Jan. 2020: 1.8%
Construction spending rose 1.8% to begin the new year, well above the consensus estimate of a 0.5% gain and 6.8% above the spending level in January 2019. World
Moody's Analytics Survey of Business Confidence
February 28: 14.9
Global business sentiment held up remarkably well last week despite mounting concerns regarding the economic impact of COVID-19 and the slide in global equity markets. United States
ISM Manufacturing Index
Feb. 2020: 50.1
The February ISM manufacturing survey is weaker than it appears, but this isn’t surprising given the impact of COVID-19 on global growth and supply chains. Australia
Monetary Policy
Mar. 2020:
Brazil
Foreign Trade
Feb. 2020: US$3.10 bil
Brazil’s trade balance returned to surplus in February, climbing to $3.1 billion from a deficit of $1.74 billion during January. South Korea
Consumer Price Index
Feb. 2020:
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