| Today's Economy
Economic Roundup: Delayed Reopenings Drop Third-Quarter Forecast We've adjusted our baseline to include a greater COVID-19 case increase. LatAm Daily Briefing: Mexican Remittances Buck Labor Market Woes The surge was likely first triggered by anticipation of the pandemic’s broad economic toll. Europe Daily Briefing: The U.K. Opens the Taps Wider The supplement to the budget will target employment. U.S. May Inflation Heat Map Update The COVID-19 pandemic is generating imbalanced cost pressures. » VIEW MORE TODAY'S ECONOMY
Commentary
Unpacking Europe's Retail Sales This year’s unique recession makes reading the economic data a complicated business. This Week in the COVID Crisis It is urgent that lawmakers follow through in the coming days on the next fiscal rescue package. Protecting Workers and Businesses in the COVID Crisis There is widespread support by the American people for another economic package that helps businesses and workers. U.S. Chartbook: Don’t Count Your Chickens Much of the June data came in before many states started seeing a rapid increase in COVID-19 cases. » VIEW MORE COMMENTARY
Today's Economic Indicators
OECD
Composite Leading Indicators
May. 2020: 95.7
Despite the first inklings of recovery in Europe and a rebounding Chinese economy, the OECD composite leading indicator for May was still well below its long-term average, posting a reading of 95.7 in amplitude-adjusted terms. United States
MBA Mortgage Applications Survey
July 03: 2.2%
Mortgage applications increased by 2.2% over the week of July 3, after a 1.8% decline in the previous week. Brazil
Retail Sales Index
May. 2020: -7.2%
Retail stores continued to suffer with sales still reporting annual contraction, although at a slower pace, while they advanced from the previous month. Chile
Consumer Price Index
Jun. 2020: 2.6%
Annual inflation in Chile remained below the 3% target in June as the economy contracted further in the second quarter. United States
Oil Inventories
July 03: 539.2 mil barrels
An unexpected rise in crude oil inventories will be a weight on oil prices. United States
Moody’s Analytics Policy Uncertainty Index
July 03: 222.6
The four-week moving average in our U.S. policy uncertainty index increased from 222.4 to 222.6 in the week ended July 3. United States
California Manufacturing Survey
2020Q3:
Singapore
GDP - Advanced
2020Q2:
United States
Consumer Credit (G19)
May. 2020: -$18.3 bil
Consumer credit contracted in May by $18.3 billion as the effects of the COVID-19 pandemic continued to weigh on the economy. Japan
Machinery Orders
May. 2020:
China
Consumer Price Index
Jun. 2020:
China
Producer Price Index
Jun. 2020:
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