| Today's Economy
Economic Roundup: U.S. House Prices Defy Gravity Single-family house prices jumped in April, but the gain will be short-lived. LatAm Daily Briefing: High Unemployment Will Hinder Recovery New data capture the extent of the damage to labor markets across the region. Europe Daily Briefing: A Bad 2020 for the U.K. Housing Market Brexit is a main risk to the outlook. Asia-Pacific Daily Briefing: RBA Keeps Interest Rate on Hold China ramped up monetary support while South Korea's prices slid into negative territory. » VIEW MORE TODAY'S ECONOMY
Commentary
Handicapping the Paths for the Pandemic Economy The severe downturn that has engulfed the global economy since the beginning of the year likely hit bottom in May. Pandemic Unemployment Assistance Adds More Noise to the Signal The inconsistent processing and timing of PUA claims is making it harder to gauge the U.S. labor market. U.S. Chartbook: Uncharted Territory Economic data from the final week of May showed the U.S. economy remains a shadow of its former self. U.S. Weekly Highlights and Preview: June 1, 2020 The focus will be on the May employment report. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
CoreLogic Home Price Index
Apr. 2020: 5.4%
The CoreLogic Home Price Index rose 1.4% in April from the previous month, the fastest pace since 2013. United States
Vehicle Sales - AutoData
May. 2020:
Spain
GDP
2020Q1: -5.2%
Spain's GDP reversed trend and plunged 5.2% the first quarter of 2020 as a result of COVID-19 and mandatory lockdowns. Peru
Consumer Price Index
May. 2020: 1.8%
The Lima CPI rose 1.78% in May on a year-ago basis, undershooting the mid-range of the central bank's 1% to 3% target for the ninth consecutive month. United States
Moody's Analytics Used Vehicle Price Indexes
May. 2020: -5.4%
U.S. used-vehicle prices bounced back in May from the previous month’s precipitous decline, but they are still down 5.4% relative to the same month last year. United States
ISM - NY Report
May. 2020: 19.5
The May ISM-New York Report on Business reveals a rebound in sentiment among purchasing managers, but it remains to be seen whether this is anything more than the proverbial dead-cat bounce. United States
Semiconductor Billings
Apr. 2020: -1.2%
The global semiconductor market is holding well and has shown early signs of resilience to the COVID-19 pandemic. Australia
Monetary Policy
Jun. 2020: 0.25%
The Reserve Bank of Australia kept its monetary settings unchanged in its June meeting. Brazil
Foreign Trade
May. 2020: US$4.55 bil
Brazil’s trade surplus shrank in May to $4.55 billion from a surplus of $6.70 billion in April. South Korea
GDP
2020Q1: -1.3%
South Korea’s economy contracted by a revised 1.3% q/q in the first quarter, slightly less than the advance reading of a 1.4% decline. Australia
GDP
2020Q1:
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