| Today's Economy
Record-High Personal Savings Will Eventually Fund Household Spending Personal savings soared to $4.1 trillion annualized during March to May. Economic Roundup: Consumer Spending Bounced in May New data on personal income and spending lifted our GDP tracking estimate for the second quarter. Canada Weekly: Lobsters, Huawei & COVID-19 The Canadian economy will have likely contracted by near 40% in Q2 in annualized terms. Geopolitical Risk Calendar: U.S. Proposes New Tariffs on European Exports COVID-19 infections are rising in the U.S. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. COVID-19 Tracker Update: Q2 GDP Estimate Rises, but Still a Big Fall We have a better sense of the severity of the recession and the subsequent recovery. Europe Weekly Highlights and Preview: 26 June, 2020 Euro zone CPI likely declined for first time in four years. Latin America Weekly Highlights and Preview: 26 June, 2020 The global pandemic will extend the region's economic woes until 2021. Asia-Pacific Weekly Highlights and Preview: 26 June, 2020 Eased restrictions abroad should improve South Korean trade. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Retail Sales
May. 2020: 19.3%
Retail sales climbed sharply, increasing 19.3% in seasonally adjusted terms in May. United States
Personal Income
May. 2020: -4.2%
After April's significant fiscal stimulus boost, nominal personal income fell 4.2% in May. United States
PCE Deflator
May. 2020: 0.1%
Disinflation pressures from COVID-19 have eased slightly, but the Federal Reserve will remain on high alert. United States
Personal Spending
May. 2020: 8.1%
Real consumer spending turned sharply in May, reversing more than half of the declines over the last two months. Mexico
Economic Activity Index
Apr. 2020: -19.9%
Mexico’s economic activity plunged in April, dragged down by the significant industrial contraction. Mexico
Trade Balance
May. 2020: -US$3.523 mil
Mexico’s trade account reported a significant imbalance in May as exports remained depressed because of paralyzed activity in the U.S. market. United States
University of Michigan Consumer Sentiment Survey
Jun. 2020: 78.1
Consumer sentiment continues to drift higher but remains at a recessionary level. United States
Monthly GDP
Apr. 2020: -11.4%
The U.S. economy was in the teeth of the recession in April because of COVID-19, and the efforts to contain it weighed on nearly every part of the economy. » VIEW MORE ECONOMIC INDICATORS |
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