Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Monday, June 29, 2020

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

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