| Today's Economy
COVID-19 Will Debilitate European Agriculture The pandemic and weather base effects will constrain food supply and push up prices this spring. Canada Weekly: Jobless Claims Calamity The record spike in applications indicates that unemployment will soar above 8% and possibly higher. Europe Daily Briefing: EU Leaders Bicker Over Joint Fiscal Response 'Corona bonds' are likely to be a no-go. Geopolitical Risk Calendar: U.S. Tops China and Italy in COVID-19 Infections The economic tsunami rolls on. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, March 27, 2020 Calm in the economic data before the COVID-19 storm. Global COVID-19 Tracker: An Economic Counterpunch Unemployment skyrockets, and there's fear of a second wave in China. Europe Weekly Highlights and Preview, 27 March, 2020 The coming week will again be dominated by developments related to the spread of COVID-19. Forecasters' Mailbag: Asia and COVID-19 Answering the smorgasbord of questions that have come in on the coronavirus pandemic. » VIEW MORE COMMENTARY
Today's Economic Indicators
India
Monetary Policy
Mar. 2020: 4.4%
The Reserve Bank of India announced a suite of measures at an emergency meeting on Friday as the country is in the early days of its 21-day mandatory lockdown. Mexico
Trade Balance
Feb. 2020: US$2,910.6 mil
Mexico's trade balance turned positive in February as imports contracted further as the global economy decelerated. Canada
Earnings, Hours and Employment
Jan. 2020: 4.0%
Average weekly earnings for total nonfarm employees came in at C$1,051 in January, up 0.6% from December. United States
Personal Income
Feb. 2020: 0.6%
Personal income growth was strong before the COVID-19 pandemic hit. United States
PCE Deflator
Feb. 2020: 0.1%
U.S. inflation was gradually moving toward the Federal Reserve’s objective, but the recession will change that. United States
Personal Spending
Feb. 2020: 0.1%
Real consumer spending growth remained modest in the second month of the year, although the virus impact was small and a return to more normal temperatures gave a major boost to utility spending, artificially inflating the total. Canada
Monetary Policy
Mar. 2020: 0.25%
The Bank of Canada has exhausted its standard monetary policy tool, and the pivot to more unorthodox measures is gaining momentum. United States
Regional and State Employment
Feb. 2020:
State and regional employment numbers for February provide more evidence that the country’s labor market was strong heading into the current period of unprecedented stress due to the spread of the coronavirus and the economic fallout from efforts being taken to contain the virus. United States
CreditForecast.com Household Credit Report
Feb. 2020: 4.17%
U.S. consumer credit outstanding increased in February, up $26 billion from January. United States
University of Michigan Consumer Sentiment Survey
Mar. 2020: 89.1
Consumer sentiment continues to fall rapidly, not surprising given the shutdown of so much economic activity and continuing collapse in the stock market cause by COVID-19. Colombia
Monetary Policy
Mar. 2020: 3.75%
Colombia’s central bank cut the reference interest rate by 50 basis points after Friday's regular meeting. Argentina
Retail Sales Index
Jan. 2020: 54.6%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 54.6% y/y in January, up from 47.7% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 