Today's Economy Economic Roundup: Final Thoughts Ahead of Q1 U.S. GDP It will be bad but nothing compared with what's ahead. LatAm Daily Briefing: Countries Ready to Reopen the Economy Colombia, Chile, Ecuador, Peru and Argentina have started to relax lockdown conditions. Europe Daily Briefing: Government Job Schemes Save the Day Spain's unemployment figures may be higher than the latest reading suggests. Jump-Starting Auto Manufacturing The road ahead will be bumpy for U.S. car plants. » VIEW MORE TODAY'S ECONOMY
Commentary The Next Recovery: A Regional Perspective An educated U.S. workforce and low population density may be the recipe for success. Latest PPP Funding Will Fall Short U.S. businesses have a second chance at the forgivable loans, but is there enough to go around? The ECB's Ballooning Balance Sheet The central bank's asset purchase program will continue at full force in 2020. COVID-19 Age-Related Fatality and Mortgage Defaults in the U.K. Age is viewed as discriminatory in the mortgage application process, but it impacts default rates even in normal times. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain Unemployment 2020Q1: 14.4% Spain’s unemployment rate reversed trend and increased 0.6 percentage point to 14.4% in the first quarter of 2020. Mexico Trade Balance Mar. 2020: US$3,392 mil The trade balance remained in positive territory in March, despite the fall in external demand. United States Advance Wholesale and Retail Inventories Mar. 2020: -1.0% Wholesale inventories fell in March, down 1.0% from February and by 2% from March 2019. United States International Trade in Goods - Advanced Mar. 2020: -$64.2 bil The advance estimates show the nominal goods deficit widened from $59.9 billion in February to $64.2 billion in March, close to our expectation for a deficit of $63 billion but wider than the consensus of $55 billion. Peru Consumer Price Index Mar. 2020: 1.8% Inflation in the Lima metropolitan area rose 1.8% in March on a year-ago basis, 0.1 percentage point less than the annual inflation rate in February. United States S&P CoreLogic Case-Shiller® Home Price Indexes Feb. 2020: 3.5% House price appreciation accelerated in February, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index. Australia Moody's Analytics Used Vehicle Price Indexes Mar. 2020: 3.3% Australia's used-vehicle prices rose 3.3% on a year-over-year basis in March, the slowest rate of growth since July. United States Housing Vacancies & Homeownership 2020Q1: 65.3% The homeownership rate ticked up to 65.3% in the first quarter of 2020, more than a full percentage point above its year-ago level of 64.2%. United States Richmond Fed Manufacturing Survey Apr. 2020: -53 The COVID-19 pandemic is devastating factories in the Richmond Federal Reserve district, and the Fifth District Manufacturing Index plummeted 55 points to -53 in April. United States Conference Board Consumer Confidence Apr. 2020: 86.9 U.S. consumer confidence posted its largest monthly decline on record in April, according to the Conference Board. United States Texas Service Sector Outlook Survey Apr. 2020: -65.4 Current measures of Texas services industries continued to decline in April, but the contraction in revenue did not accelerate. United States Moody’s Analytics Policy Uncertainty Index April 24: 198.1 The four-week moving average in our U.S. policy uncertainty index increased from a revised 186.2 to 198.1 in the week ended April 24. Argentina Economic Activity Indicator Feb. 2020: -2.2% The statistics office’s monthly economic activity index dropped 2.2% y/y in February, after falling 1.8% in the previous month. South Korea Retail Sales Mar. 2020: Australia Consumer Price Index 2020Q1: » VIEW MORE ECONOMIC INDICATORS |