Today's Economy LatAm Daily Briefing: Informal Economy Fans Pandemic Flames Informal employment has contributed to the spread of COVID-19 in two fundamental ways. Europe Daily Briefing: Let's Keep Our Optimism in Check Sentiment rallied in June across the euro zone, but the fourth quarter may not fare well. Asia-Pacific Daily Briefing: Japan's Retail Sales Still in the Pits A second wave of infections in Australia would derail its recovery. Record-High Personal Savings Will Eventually Fund Household Spending Personal savings soared to $4.1 trillion annualized during March to May. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, June 29, 2020 We expect an increase in vehicle sales from 12.2 million annualized units in May to 13 million in June. U.S. Chartbook: At a Crossroads With green shoots emerging and the pandemic intensifying, the U.S. is nearing a critical juncture. This Week in the COVID Crisis The reintensification of infections across much of the country is a mounting threat to the nascent recovery. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone Business and Consumer Sentiment Jun. 2020: 75.7 The euro zone's business and consumer sentiment continues to show signs of recovery, ticking up 8.2 points to 75.7 in June. Canada Industrial Product and Raw Materials Price Indexes May. 2020: 1.2% Industrial product prices snapped a four-month streak of declines in May. Canada Building Permits May. 2020: 20.2% The easing of public health restrictions on construction projects, combined with the reopening of provincial economies, led to a surge in building permits in May. World Moody's Analytics Survey of Business Confidence June 26: -7.2 Global business sentiment has improved since the darkest days of the pandemic, although businesses remain extraordinarily anxious. United States Pending Home Sales May. 2020: 99.6 The NAR pending home sales index skyrocketed 44.3% to 99.6 in May, regaining all of April’s steep losses as the cautious reopening of states across the nation encouraged potential homebuyers to re-enter the market. United States Texas Manufacturing Outlook Survey Jun. 2020: -6.1 Texas' current factory activity rebounded significantly in June after several months of deep decline. Argentina Economic Activity Indicator Apr. 2020: -26.4% Argentina’s statistics office’s monthly economic activity index dropped 26.4% y/y in April, after -11.5% in March. South Korea Retail Sales May. 2020: Japan Employment Situation May. 2020: China Manufacturing PMI Jun. 2020: » VIEW MORE ECONOMIC INDICATORS |