| Today's Economy
Economic Roundup: Don't Wait for Monthly Employment, Watch Jobless Claims Job growth in February was strong but that was before COVID-19 came to the U.S. Q1 U.S. GDP Looks Better, for Now January data likely capture little if any of the impact of COVID-19. Canada Weekly: The Fed's Surprise Cut Structural factors unresponsive to interest rate changes were weighing on growth months before COVID-19 became a problem. Geopolitical Risk Calendar: Coronavirus Containment Efforts Are Stepped Up The number of countries and infected patients outside of China continued to rise. » VIEW MORE TODAY'S ECONOMY
Commentary
COVID-19 Tracker: Engulfed Global recession odds have increased with the number of countries and confirmed patients continuing to rise. Latin America Weekly HIghlights and Preview, March 6, 2020 Brazil's inflation remains high but is trending down. Europe Weekly Highlights and Preview, 6 March, 2020 Overall, we expect that the single-currency area will ultimately avoid recession in 2020. Asia-Pacific Weekly Highlights and Preview, 6 March, 2020 Japan's GDP likely fell by 1.4% q/q in Q4, according to second estimates. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Jan. 2020: 0.2%
Spain’s industrial production advanced only modestly in January. Italy
Retail Sales
Jan. 2020: 0.0%
Italy’s retail sales were flat in monthly terms in January as strong food sales were offset by a drop in nonfood spending. In year-ago terms, retail sales grew for the 10th consecutive month. Chile
Consumer Price Index
Feb. 2020: 3.89%
Annual inflation in Chile increased in February, as the comparison base affected the growth rate. Colombia
Consumer Price Index
Feb. 2020: 3.7%
Colombia’s annual inflation rate accelerated in February due to higher residential power rates and rising food prices. Russian Federation
Consumer Price Index
Feb. 2020: 0.3%
Russian inflation maintained its slow pace in February. Canada
International Merchandise Trade
Jan. 2020: -C$ 1.5 bil
Canada's merchandise exports fell by 2% in January, while imports were down by 0.5%. Canada
Labor Force Survey
Feb. 2020: 5.6%
The labor market registered a solid employment gain in February, but job losses in accommodation and food services may signal the beginning of the COVID-19 outbreak's fallout. United States
Employment Situation
Feb. 2020: 273,000
Payroll employment gains surprised on the upside in February, though activity following the mid-month survey week has likely decelerated as coronavirus effects expand. Employers added 273,000 jobs, well above our expectation. Moreover, gains for December and January were revised higher adding another 85,000 jobs. United States
International Trade (FT900)
Jan. 2020: -$45.3 bil
The nominal trade deficit narrowed a little more than we anticipated in January, but the impact of COVID-19 will be more noticeable in subsequent months. United States
Wholesale Trade (MWTR)
Jan. 2020: -0.4%
Wholesale inventories fell by 0.4% in January, steeper than consensus expectations of a 0.2% decline. Canada
Purchasing Managers' Index
Feb. 2020: 54.1
The seasonally adjusted Ivey Purchasing Managers' Index decreased from 57.3 in January to 54.1 in February. China
Foreign Trade
Feb. 2020:
United States
Consumer Credit (G19)
Jan. 2020: $12.0 bil
Consumer credit growth slowed in January, coming in at $12 billion compared with December’s posting of $20.3 billion. » VIEW MORE ECONOMIC INDICATORS | 
