| Today's Economy
U.S. Labor Market Will Face Influx of Permanent Job Losses Changes in survey methodology have kept permanent losses in check, but reality will soon set in. LatAm Daily Briefing: COVID-19 Keeps the Pressure on Consumers Indexes of retail sales and economic activity across the region speak to the devastating impact the pandemic has had. Europe Daily Briefing: The Climb Will Be Long and Slow The pandemic dealt a major blow to the U.K. economy, and it will take some time to rebound from it. Asia-Pacific Daily Briefing: Singapore Sinks Into Recession China's trade improved in June. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Congress Contemplates the Next Major Pandemic Relief Bill Moody’s Analytics expects the next relief package to total $1.4 trillion. U.S. Chartbook: The Lags of the Pandemic Recent economic data are at odds with the spike in COVID-19 cases. U.S. Weekly Highlights and Preview, July 13, 2020 The key data include consumer prices, industrial production, retail sales, and housing starts and permits. LatAm Macro Roundup: Labor, Financial Markets Carry a Somber Tune Regional job markets face a harrowing road to recovery. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
Jun. 2020: 0.9%
German headline consumer inflation picked up to 0.9% y/y in June from 0.6% in May, thanks to softer declines in fuel and oil prices. Spain
Consumer Price Index
Jun. 2020: -0.3%
Spain’s consumer price index continued to decline in June, falling 0.3% on a year-ago basis. United Kingdom
Monthly GDP
May. 2020: 1.8%
The U.K. monthly GDP report confirmed our fears that the post-COVID recovery will be anything but V-shape. Euro Zone
Industrial Production
May. 2020: 12.4%
Euro zone industrial production rose by a sharp 12.4% m/m in May after shedding 18.2% in April, though it is still 18.9% below February’s reading. United States
NFIB Small Business Survey
Jun. 2020: 100.6
U.S. small-business confidence is recovering but remains depressed because of COVID-19. United States
Consumer Price Index
Jun. 2020: 0.6%
Disinflationary pressures are easing. South Korea
Employment
Jun. 2020:
China
Fixed Asset Investment
Jun. 2020:
China
Retail Sales
Jun. 2020:
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