Today's Economy Retail Sales Show Huge Shift in Spending Patterns U.S. consumers are stocking up on necessities and minimizing other spending. LatAm Daily Briefing: Mexico's Moment The country was an unlikely holdout in last week’s talks among OPEC members and other large oil producers. Europe Daily Briefing: COVID-19 Smothers Inflation Inflation in transport services was in a slump while food prices climbed in March. U.S. Retail Sales Tank in March COVID-19 delivered a big blow to many retailers. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Risk Matrix Update: Threats to a W-Shaped Recovery A second wave of the coronavirus could restart or extend disruptions. When the Tourists Are Gone COVID-19's effect on tourism-driven economies Mauritius and Seychelles will be enormous. U.S. Chartbook: Lights Out COVID-19 pandemic wreaks havoc in labor market and sentiment. Stress-Testing States: COVID-19 The amount of fiscal stress that states may be asked to absorb under the scenarios in this analysis is unprecedented. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia Foreign Trade Mar. 2020: US$0.74 bil Indonesia's trade surplus narrowed to US$740 million in March from the mammoth US$2.51 billion surplus in February. France Consumer Price Index Mar. 2020: 0.8% France's EU-harmonized inflation rate dropped to 0.8% y/y in March from 1.6% in February. Spain Consumer Price Index Mar. 2020: 0.0% Spain’s consumer price index remained unchanged in March on a year-ago basis. India Foreign Trade Mar. 2020: -US$9.8 bil India’s trade deficit came in at $9.8 billion in March, slightly shrinking from February’s $9.9 billion and smaller than our expectations of $12.5 billion. Italy Consumer Price Index Mar. 2020: 0.1% Italy's headline inflation rate cooled to 0.1% y/y in March from 0.3% previously, confirming preliminary estimates. United States MBA Mortgage Applications Survey April 10: 7.3% Mortgage applications increased by 7.3% over the week of April 10, after falling by 17.9% in the previous week. India Consumer Price Index Mar. 2020: 5.9% India’s consumer price index decelerated further in March, coming in at 5.9%, below the Moody’s Analytics forecast of 6.4% and February’s 6.6%. United States NY Empire State Manufacturing Survey Apr. 2020: -78.2 After alarm bells sounded in the March Empire State Manufacturing Survey, respondents hit the panic button in April. United States Retail Sales Mar. 2020: -8.7% Retail sales plunged in March as store closures and stay-at-home orders impacted a growing number of consumers through the month. Peru Unemployment Mar. 2020: 7.8% The jobless rate for metropolitan Lima shed 40 basis points to 7.8% for the last three months ended in March. United States Industrial Production Mar. 2020: -5.4% Few parts of the U.S. economy have avoided the impact of COVID-19. United States Business Inventories (MTIS) Feb. 2020: -0.4% The inventory build stumbled again in February, with business stockpiles contracting 0.4% over the month. United States Monthly GDP Feb. 2020: 0.6% Though monthly U.S. real GDP rose in February, the economy ran into a brick wall in March and is now in recession. Canada Monetary Policy Apr. 2020: 0.25% The Bank of Canada left rates unchanged at 0.25%, which the bank considers the lower bound. United States NAHB Housing Market Index Apr. 2020: 30 Homebuilder confidence plummeted an unprecedented 42 basis points to 30 in April. United States Median usual weekly earnings 2020Q1: 5.7% Nominal wage growth was impressive in the first quarter of the year, highlighting the momentum of a pre-pandemic U.S. economy. United States Oil Inventories April 10: 503.6 mil barrels Inventory builds have continued to accelerate in the face of lower demand due to COVID-19. Colombia Industrial Production Feb. 2020: 4.7% Colombian manufacturing output expanded 4.7% y/y in February after rising 3.7% in the previous month. United States Beige Book Apr. 2020: April’s Beige Book confirms that the economic fallout from COVID-19 has been broad, swift and severe. Argentina Consumer Price Index Mar. 2020: 48.4% The statistics office’s national consumer price index increased 3.3% in March, up from 2% in the previous month but down from 4.7% a year earlier. United States CreditForecast.com Household Credit Report Mar. 2020: 4.62% U.S. consumer credit outstanding increased in March, up $53.1 billion from February. United States Treasury International Capital Flows Feb. 2020: $49.4 bil Net long-term capital flows were positive in February for the sixth straight month. Australia Employment Situation Mar. 2020: » VIEW MORE ECONOMIC INDICATORS |