Economy in Brief: June 2020

• Spending rebound follows two sharp monthly declines. • Personal income drop reflects lessened government support. • Price inflation is minimal. Personal consumption expenditures increased 8.2% during May (-9.3% y/y) following [...]

In June, U.K. current sales metrics improved across the board. However, expectations for July largely worsened or held to extremely weak readings. These data on trend couple with new information on the virus accelerating its presence [...]

• • • The advance estimate of the U.S. trade deficit in goods grew to $69.67 billion in April..... The advance international trade data can be found in Haver's USECON database. The expectation figure is from the Action Economics [...]

• State initial jobless claims decreased to a still extremely-elevated 1.480 million in the week ending June 20. • Federal Pandemic Unemployment Assistance new filers at 728.120. • Continuing claim for state programs declined to 19.5 [...]

• State initial jobless claims decreased to a still extremely-elevated 1.480 million in the week ending June 20. • Federal Pandemic Unemployment Assistance new filers at 728.120. • Continuing claim for state programs declined to 19.5 [...]

In June, U.K. current sales metrics improved across the board. However, expectations for July largely worsened or held to extremely weak readings. These data on trend couple with new information on the virus accelerating its presence [...]

• Midwest economic activity increases. • New orders and production lead gains this month. • Expectations rise as well. The Federal Reserve Bank of Kansas City reported that its manufacturing business activity index increased to 1 [...]

• Trade deficit widened to $74.3 billion. • A 5.8% drop in exports more than offsets the 1.2% decline in imports. • Imports of industrial supplies and of consumer goods ex autos rose in May. The advance U.S. trade report showed the [...]