| Today's Economy
Economic Roundup: Breadth of Downturn Still Coming Into Focus Incoming economic data reveal the depths of the COVID-19-induced global recession. How Will Temporary Layoffs End in the U.S.? A surge due to COVID-19 is potentially distorting labor market outcomes. LatAm Daily Briefing: COVID-19 May Be Nearing Peak The pandemic started late in the region compared with Europe and the U.S. U.S. Regional Economies Stabilize—For Now UI claims stabilized broadly, but the risk of another wave persists. » VIEW MORE TODAY'S ECONOMY
Commentary
The Wild Card in Recent U.S Job Reports The Paycheck Protection Program is estimated to have rescued 16 million small-business jobs. U.S. Chartbook: Recalibrating the Notion of ‘Good News’ Most indicators suggest the worst is over for now, but risks abound. U.S. Weekly Highlights and Preview, June 8, 2020 The recovery from the shock associated with COVID-19 will be a long, painful slog. U.S. Macro Outlook: The Recession Is Over Congress and the administration should come to terms and pass a fiscal rescue package before legislators leaves for their August recess. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Industrial Production
Apr. 2020: -19.1%
Italian industrial production plunged by 19.1% m/m in April, the peak month of the COVID-19 pandemic, and is down 42.5% y/y. Mexico
Industrial Production
Apr. 2020: -29.3%
Mexico’s industry plunged in April as the coronavirus outbreak paralyzed several industries. United States
Jobless Claims
June 06: 1,542,000
Jobless claims are declining steadily. World
Moody's Analytics Global CPI
May. 2020:
United States
Producer Price Index
May. 2020: 0.4%
The U.S. producer price index rose 0.4% in May, but this comes on the heels of a 1.3% decline in April. Russian Federation
Foreign Trade
Apr. 2020: US$6.2 bil
Russian trade is in free fall. United States
Quarterly Services Survey
2020Q1:
Services revenues fell 2.9% during the first quarter of 2020 from the previous quarter in seasonally adjusted terms, compared with a 1% increase between the third and fourth quarters of 2019 and a touch worse than the 2.8% decline in the advance estimate as COVID-19 began to take its toll on the U.S. economy. United States
St. Louis Fed Financial Stress Index
June 05: -0.38
The St. United States
Natural Gas Storage Report
June 05: 93 bil cubic feet
The increase in natural gas stocks was roughly in line with analyst predictions, suggesting that this report will have very little effect on prices. Uruguay
Industrial Production
Apr. 2020: -19.3%
The economic slowdown due to COVID-19 has finally caught up to Uruguay. United States
Financial Accounts - Households
2020Q1: $110.79 tril
Household wealth collapsed in the first quarter as the stock market plunged in the face of the COVID-19 pandemic and start of the economic recession. United States
Financial Accounts - Nonfinancial Corporate
2020Q1: $17.51 tril
Nonfinancial corporate business wealth increased by $1.5 trillion to $17.51 trillion during the first quarter behind strong increases in both financial and nonfinancial assets. Argentina
Consumer Price Index
May. 2020: 43.4%
The Argentine statistics office’s national consumer price index increased 1.5% in May, down from 3.1% a year earlier. Japan
Industrial Production
Apr. 2020:
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