Economy in Brief: June 2020

The National Association for Business Economics expects 3.6% growth in real GDP during 2021. This follows a record recession this year, with GDP expected to contract 5.9%. The National Bureau of Economic Research has specified [...]

The German industrial data are very consistent. All measures are showing extreme weakness in April. April data have been among the most consistently weak in Western economics. In April output in the capital goods sector is the weakest [...]

The National Association for Business Economics expects 3.6% growth in real GDP during 2021. This follows a record recession this year, with GDP expected to contract 5.9%. The National Bureau of Economic Research has specified [...]

• Payroll hiring turns positive following declines induced by the coronavirus. • Jobless rate slips as employment increases. • Earnings falter after strong gains. The labor market showed signs of life in May following extreme duress [...]

• Cautious spending breeds less credit usage. Consumer credit outstanding fell $68.8 billion (+1.6 y/y) during April following an $11.6 billion decline during March, revised from $-12.0 billion. A decline of $45.0 billion had been [...]

• Payroll hiring turns positive following declines induced by the coronavirus. • Jobless rate slips as employment increases. • Earnings falter after strong gains. The labor market showed signs of life in May following extreme duress [...]

Germany's orders plunged in April, falling by 25.8% m/m after a 15.0% drop in March. The two-month decline for overall orders, for foreign orders, and for domestic orders each are the largest two-month drops seen on German data back [...]

• Payroll hiring turns positive. • Jobless rate slips as employment increases. • Earnings falter after strong gains. The labor market showed signs of life in May following extreme duress in April. Nonfarm payroll employment improved [...]