| Today's Economy
Economic Roundup: Don’t Look Now, But We’re Tracking Q2 GDP The initial estimate is likely optimistic, showing GDP tracking -19.1% at an annualized rate. LatAm Daily Briefing: Parsing the Lima CPI April's inflation print is the first sliver of hard data on post-quarantine economic performance. Portugal Ends Its COVID-19 State of Emergency Portugal is in relatively better shape than most euro zone countries. Taking U.S. Inflation's Temperature The COVID-19 pandemic is generating imbalanced cost pressures. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, May 4, 2020 Focus will be on damage the COVID-19 crisis has done to the labor market. U.S. Chartbook: Deep Freeze With shutdowns keeping much of the economy on ice, new data confirm a significant collapse. The Unemployment Rate Will Undersell the Impact of COVID-19 The scale of U.S. job losses and mandated business closures add complexity to job-loss measures. This Week in the COVID Crisis More job losses are likely through mid-May, but job growth should resume by Memorial Day as businesses begin to reopen. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Mar. 2020: MYR12.3 bil
Malaysia’s trade surplus narrowed slightly to MYR12.3 billion in March from MYR12.6 billion previously. Hong Kong
GDP
2020Q1: -8.9%
Hong Kong's economy contracted more than expected in the first quarter, down 8.9% y/y or 5.3% q/q seasonally adjusted, building on the 3% y/y fall in the prior quarter. Chile
Monthly Economic Activity Indicator
Mar. 2020: -3.5%
Chile’s economic activity reported a significant contraction in March affected by the impact of the virus pandemic. United States
ISM - NY Report
Apr. 2020: 4.3
The April ISM-New York Report on Business is shocking, yet hardly surprising. United States
Vehicle Sales - AutoData
Apr. 2020: 9.0 mil, SAAR
U.S. unit vehicle sales dropped significantly for the second consecutive month in April as the auto market attempts to adjust to the COVID-19 outbreak and resulting lockdowns. World
Moody's Analytics Survey of Business Confidence
May 01: -15.5
Business sentiment has been firmly negative for the past two months, as the COVID-19 crisis continues to hammer the global economy. United States
Factory Orders (M3)
Mar. 2020: -10.3%
U.S. manufacturing is in the midst of a deep downturn as COVID-19 has led to a closure of nonessential businesses, disrupted global supply chains and pushed the U.S. and global economies into recession. Brazil
Foreign Trade
Apr. 2020: US$6.70 bil
Brazil’s trade surplus grew again, reaching $6.7 billion in April, up from a surplus of $4.71 billion during March. United States
Senior Loan Officer Opinion Survey
2020Q2: 41.5%
According to the Senior Loan Officer Opinion Survey, banks tightened lending practices significantly across all types of loans amid the COVID-19 crisis. » VIEW MORE ECONOMIC INDICATORS | 