Today's Economy Webinar Replay: The Economic Impact of COVID-19 Under Alternative Scenarios The virus continues to spread and the economic damage is mounting. Final Thoughts Ahead of U.S. February Employment Weather was a bigger issue than COVID-19 for the month. LatAm Daily Briefing: Stock Markets Can't Escape Global Fears Mexico has been the notable exception in the region. Q1 GDP Now Tracking 1.8% Auto sales and factory orders nudged our estimate of U.S. growth higher; trade is the wild card. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Road to Recession: A Significant Test A combination of negative supply and demand shocks will require both the Fed and fiscal policy to respond. Forecast Changes and CECL The impact of COVID-19, the coronavirus, adds another complication. U.S. Fiscal Policy and COVID-19 Congress can do much more to prime the economy’s pump amid a spreading coronavirus. Canada Outlook: Not So Fast The COVID-19 outbreak will exacerbate the recent slowdown. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Challenger Report Feb. 2020: 56,660 The Challenger Report indicates that job cut announcements fell in February, down 16% from the previous month and 26% from a year earlier. United States Jobless Claims February 29: 216,000 The COVID-19 outbreak is not impacting the U.S. labor market just yet. United States Moody's Analytics Beige Book Index Mar. 2020: 97.2 The Moody's Analytics Beige Book Index edged higher to 97.2 in March, up from 86.1 in the previous Beige Book but down slightly from 100 a year earlier. United States Productivity and Costs 2019Q4: 1.2% There was a small downward revision to productivity in the fourth quarter. United States Factory Orders (M3) Jan. 2020: -0.5% U.S. manufacturing is going to struggle in the first half of this year because of supply-chain disruptions caused by COVID-19 and Boeing’s decision to halt production of the 737 MAX. United States St. Louis Fed Financial Stress Index February 28: -1.21 Financial market stress increased for the second straight week. United States Natural Gas Storage Report February 28: -109 bil cubic feet The decline in natural gas stocks closely matched analyst predictions, so this report will have a minimal effect on prices. Argentina Industrial Production - Advance Jan. 2020: -0.1% Industrial output dropped 0.1% y/y in January (NSA) after a 1.3% y/y expansion in the previous month. Colombia Consumer Price Index Feb. 2020: Australia Retail Sales Jan. 2020: » VIEW MORE ECONOMIC INDICATORS |