| Today's Economy
Economic Roundup: One Small Step for the U.S. Labor Market The U.S. economy added 2.5 million jobs back in May, but 20 million Americans are still out of work. U.S. Consumer Spending Has Turned Data will show spending growth in May. The True Measure of U.S. Unemployment Classification issues continue to plague the official reported jobless rate. Geopolitical Risk Calendar: U.S.-China Tensions Rise The Hong Kong dispute could put the Phase One trade deal in jeopardy. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, June 5, 2020 Figures on industrial production will show that an economic recovery is not yet within reach. A Closer Look at Japan's Unemployment Rate A pickup to 2.6% in April with the advent of the COVID-19 crisis masks some crucial details. U.S. COVID-19 Tracker Update: First Step, Long Journey The labor market has begun what is likely an uneven recovery. Europe Weekly Highlights and Preview, 5 June, 2020 First-quarter GDP numbers for Italy and Spain are likely to be revised lower. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Apr. 2020: -21.8%
Spain’s industrial production plunged 21.8% in April. Italy
Retail Sales
Apr. 2020: -10.5%
Italy’s retail sales plunged further by 10.5% m/m in April, mainly due to a 24% drop in nonfood sales, as nonessential retail stores remained shut down for the whole month. Chile
Consumer Price Index
May. 2020: 2.75%
Chile’s inflation declined in May as the economy fell into recession due to the COVID-19 outbreak. Canada
Labor Force Survey
May. 2020: 13.7%
Signs emerged that the labor market began to heal in May, as easing restrictions allowed people to return to work. United States
Employment Situation
May. 2020: 2,509,000
The May employment report delivered a huge surprise. 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. Russian Federation
Consumer Price Index
May. 2020: 0.3%
Russian inflation stabilized in May. Canada
Purchasing Managers' Index
May. 2020: 39.1
The seasonally adjusted Ivey Purchasing Managers' Index increased from 22.8 in April to 39.1 in May. United States
Consumer Credit (G19)
Apr. 2020: -$68.8 bil
Consumer credit contracted in April by $68.8 billion. 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. Colombia
Consumer Price Index
May. 2020:
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