| Today's Economy
Economic Roundup: Another Record Decline This time it was the core CPI posting its largest monthly decline on record. The Tweaks Made to the May U.S. Baseline We have revised down the employment forecast and raised the unemployment rate projection. LatAm Daily Briefing: Manufacturing Output Slumped in March Most countries showed a sharp contraction amid the COVID-19 pandemic. Second Quarter U.S. GDP Heading South Quickly Q2 is now tracking -23.8% at an annualized rate, and it will keep dropping. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Could Be Worse...No, Not Really Labor market data point to a long and difficult 2020. U.S. Weekly Highlights and Preview, May 11, 2020 The consumer price index likely declined in April for a second consecutive month. U.S. Unemployment Is More Than Meets the Eye The official unemployment rate undersells the true labor market impact of the COVID-19 crisis. Austria Outlook: COVID-19 Ends Decade-Long Expansion The forecast is for GDP to decline 6.6% this year. » VIEW MORE COMMENTARY
Today's Economic Indicators
OECD
Composite Leading Indicators
Apr. 2020: 95.8
As the full effects of the COVID-19 outbreak on the global economy become clearer, the OECD composite leading indicator for April points to an unprecedented level of distress, posting a reading of 95.8 in amplitude-adjusted terms. United States
NFIB Small Business Survey
Apr. 2020: 90.9
U.S. small business confidence has fallen sharply over the past couple of months because of COVID-19. India
Consumer Price Index
Apr. 2020: -
India released partial CPI figures for April, as restrictions on free movement precluded the usual data collection methodology. Mexico
Industrial Production
Mar. 2020: -5.0%
Mexico's industrial production was hit hard in March as several industries closed in the second half of the month. India
Industrial Production
Mar. 2020: -16.7%
India's industrial production plunged by 16.7% in March compared with the same period last year, a stark contrast to the 4.5% rise in February and 2.1% gain in January. United States
Consumer Price Index
Apr. 2020: -0.8%
Disinflationary pressures intensified in April as a good portion of the U.S. economy was shut down and global oil prices tanked. United States
MBA Delinquency Rates
2020Q1: 4.36%
Mortgage delinquency rates increased in the first quarter of 2020. United States
Moody’s Analytics Policy Uncertainty Index
May 08: 212.9
The four-week moving average in our U.S. policy uncertainty index increased from a revised 206.4 to 212.9 in the week ended May 8. Uruguay
Industrial Production
Mar. 2020: 4.7%
Industrial production in Uruguay grew 4.7% y/y in March. United States
Treasury Budget
Apr. 2020: -$737.9 bil
The usual April windfall for the U.S. government was nowhere to be found this year. South Korea
Employment
Apr. 2020:
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