Today's Economy Economic Roundup: Sudden Stop for U.S. Labor Market Another 5 million people filed for unemployment insurance benefits. LatAm Daily Briefing: Virus Halts Venezuela Recovery Hope COVID-19 remains contained, but the negative impact of lower oil prices on the economy will be devastating. Europe Daily Briefing: Retailers Are Feeling the Pain The big unknown is how the pandemic crisis will move inflation. Our Updated Estimate of U.S. Unemployment A back-of-the-envelope calculation puts the unemployment rate as high as 20% right now. » VIEW MORE TODAY'S ECONOMY
Commentary A Mid-April Update to Regional COVID-19 Exposure Broader vulnerabilities replace finance in index, but the most exposed economies remain the same. U.S. COVID-19 Tracker Update: Surging Claims Imply Severe Recession Many of the daily data we track remain grim but have stabilized. Cracks Emerge in the U.S. Commercial Property Market Prices will decline across all major categories this year as demand falters due to the COVID-19 crisis. Asia-Pacific Outlook: Keeping a Second Wave at Bay The entire region is unlikely to enjoy a return to robust growth until 2021. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Consumer Price Index Mar. 2020: 1.4% German consumer price inflation cooled to 1.4% y/y in March from 1.7% in February. Euro Zone Industrial Production Feb. 2020: -0.1% Euro zone industrial production fell by 0.1% m/m in February after surging by 2.3% in January, beating the consensus for a sharper decline. Canada ADP Canada National Employment Report Mar. 2020: -177,347 As expected, the Canadian labor market contracted significantly in March, according to the most recent ADP employment report estimates. Canada Survey of Manufacturing Feb. 2020: 0.5% Manufacturing snapped its streak of poor performance in February. United States Moody's Analytics Beige Book Index Apr. 2020: -27.8 Fallout from the COVID-19 pandemic caused the Moody’s Analytics Beige Book Index to plummet to -27.8 in April, its worst reading since 2009. United States Jobless Claims April 11: 5,245,000 Initial claims are on a firm downward trend, but Americans are still filing for unemployment insurance benefits by the millions. United States Philadelphia Fed Survey Apr. 2020: -56.6 The Philadelphia Fed’s manufacturing survey tumbled ever lower in April, as the survey's headline series fell to -56.6. United States New Residential Construction (C20) Mar. 2020: 1.216 mil COVID-19 and weather-related payback are taking a toll on housing and it will likely get worse in April. United States St. Louis Fed Financial Stress Index April 10: 2.02 Financial stress declined for the third straight week behind improving investor optimism. United States Natural Gas Storage Report April 10: 73 bil cubic feet A larger than expected build in natural gas stocks will be a negative for already low gas prices. Singapore Foreign Trade Mar. 2020: Uruguay Industrial Production Feb. 2020: 1.0% South Korea Employment Mar. 2020: China Fixed Asset Investment Mar. 2020: China GDP 2020Q1: China Industrial Production Mar. 2020: China Retail Sales Mar. 2020: » VIEW MORE ECONOMIC INDICATORS |