Today's Economy Economic Roundup: New Recession, New Paradox-of-Thrift Concerns The savings rate hasn't peaked, but we are not worried about the paradox of thrift. U.S. Labor Market Still Reeling From COVID-19 The Pandemic Unemployment Assistance program is still ramping up. LatAm Daily Briefing: Exports Slump The collapse in the price of oil and industrial metals has taken a toll. Forced Savings or the Paradox of Thrift? The savings rate in the U.S. jumped in the first quarter, but some of this was not by choice. » VIEW MORE TODAY'S ECONOMY
Commentary Europe's Exposure to COVID-19, Quantified Our index of four metrics reveals much about how the region's countries are faring. The Mortgage Market Has Caught the Virus We look at critical sources of stress in the U.S. housing finance system and what policymakers might do to address them. India Announces US$266 Billion Stimulus New measures are focused on micro, small and medium-size enterprises. U.S. Risk Matrix Update: Fiscal Policy Could Help or Hurt A second wave of COVID-19 later this year is a key downside risk. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Consumer Price Index Apr. 2020: 0.9% German headline consumer price inflation cooled to 0.9% y/y in April from 1.4% in March. Spain Consumer Price Index Apr. 2020: -0.7% Spain’s consumer price index fell 0.7% in April on a year-ago basis. Canada Survey of Manufacturing Mar. 2020: -9.2% Manufacturing declined sharply in March in the face of the COVID-19 pandemic. United States Jobless Claims May 09: 2,981,000 Weekly initial filings for unemployment insurance benefits are declining steadily. United States Import and Export Prices Apr. 2020: -2.6% Past appreciation in the U.S. dollar and a drop in imported petroleum prices caused U.S. import prices to decline in April, adding to the recent signs that disinflation has intensified. Peru Consumer Price Index Apr. 2020: 1.7% The Lima CPI rose 1.7% in April on a year-ago basis, the first full-month reading since the imposition of a national quarantine in late March. United States St. Louis Fed Financial Stress Index May 08: 0.61 Financial stress continues to trend lower, though the level of stress remains above average. United States Natural Gas Storage Report May 08: 103 bil cubic feet The increase in natural gas stocks was only slightly under analyst predictions, which will provide minimal upward momentum for gas prices. Colombia Industrial Production Mar. 2020: -8.9% Manufacturing output contracted 8.9% y/y in March after a 4.5% increase in the previous month. Mexico Monetary Policy May. 2020: 5.50% As expected, the Central Bank of Mexico continued to ease monetary conditions in May, after two out-of-calendar decisions. Argentina Consumer Price Index Apr. 2020: 45.6% The statistics office’s national consumer price index increased 1.5% in April, down from 3.3% in the previous month and 3.4% a year earlier. China Fixed Asset Investment Apr. 2020: China Industrial Production Apr. 2020: China Retail Sales Apr. 2020: » VIEW MORE ECONOMIC INDICATORS |