The Economist - USA (2020-08-01)

Economic data

Gross domestic product Consumer prices Unemployment Current-account Budget Interest rates Currency units

% change on year ago % change on year ago rate balance balance 10-yr gov't bonds change on per $ % change

latest quarter* 2020† latest 2020† % % of GDP, 2020† % of GDP, 2020† latest,% year ago, bp Jul 29th on year ago

United States 0.3 Q1 -5.0 -5.3 0.6 Jun 0.7 11.1 Jun -1.7 -15.9 0.6 -148 -

China 3.2 Q2 54.6 1.4 2.5 Jun 3.7 3.8 Q2§ 0.7 -6.0 2.7 §§ -36.0 7.00 -1.6

Japan -1.7 Q1 -2.2 -5.4 0.1 Jun -0.2 2.9 May 2.3 -11.4 nil -8.0 105 3.5

Britain -1.7 Q1 -8.5 -9.0 0.6 Jun 0.7 3.9 Apr†† -2.2 -15.9 0.2 -61.0 0.77 6.5

Canada -0.9 Q1 -8.2 -5.6 0.7 Jun 0.5 12.3 Jun -3.1 -11.0 0.5 -100 1.34 -1.5

Euro area -3.1 Q1 -13.6 -8.4 0.3 Jun 0.4 7.4 May 2.1 -9.3 -0.5 -11.0 0.85 5.9

Austria -2.9 Q1 -11.6 -6.3 1.1 Jun 0.7 5.4 May 0.1 -7.6 -0.3 -11.0 0.85 5.9

Belgium -2.5 Q1 -13.6 -8.1 0.6 Jun 0.5 5.4 May -1.5 -8.7 -0.2 -13.0 0.85 5.9

France -5.0 Q1 -19.7 -10.4 0.2 Jun 0.4 8.1 May -0.8 -11.0 -0.2 -7.0 0.85 5.9

Germany -2.3 Q1 -8.6 -5.9 0.9 Jun 0.8 3.9 May 5.3 -7.2 -0.5 -11.0 0.85 5.9

Greece -1.2 Q1 -6.2 -7.5 -1.6 Jun -0.5 15.5 Apr -3.0 -6.5 1.1 -97.0 0.85 5.9

Italy -5.4 Q1 -19.6 -10.8 -0.2 Jun 0.1 7.8 May 2.0 -12.0 1.1 -51.0 0.85 5.9

Netherlands -0.2 Q1 -5.8 -6.0 1.6 Jun 1.3 3.8 Mar 4.3 -5.4 -0.5 -19.0 0.85 5.9

Spain -4.1 Q1 -19.3 -11.0 -0.3 Jun -0.2 14.5 May 1.4 -13.0 0.3 1.0 0.85 5.9

Czech Republic -1.7 Q1 -12.8 -7.5 3.3 Jun 2.8 2.5 May‡ -1.4 -7.0 0.8 -53.0 22.3 3.2

Denmark -0.3 Q1 -7.7 -4.0 0.3 Jun 0.3 5.6 May 5.2 -6.3 -0.4 -2.0 6.32 6.2

Norway 1.1 Q1 -6.0 -5.5 1.4 Jun 0.8 4.6 May‡‡ 1.4 -0.9 0.5 -85.0 9.07 -4.0

Poland 1.7 Q1 -1.6 -4.0 3.3 Jun 3.1 6.1 Jun§ -0.5 -9.4 1.3 -81.0 3.75 2.7

Russia 1.6 Q1 na -6.1 3.2 Jun 3.5 6.2 Jun§ 1.5 -4.3 6.0 -139 72.6 -12.5

Sweden 0.4 Q1 0.5 -5.1 0.7 Jun 0.5 9.8 Jun§ 2.9 -4.4 -0.1 -4.0 8.76 8.3

Switzerland -1.3 Q1 -10.0 -6.0 -1.3 Jun -1.1 3.3 Jun 9.2 -6.3 -0.5 12.0 0.91 8.8

Turkey 4.5 Q1 na -5.2 12.6 Jun 11.6 12.8 Apr§ -2.4 -6.2 12.6 -284 6.97 -19.5

Australia 1.4 Q1 -1.2 -4.4 -0.3 Q2 1.7 7.4 Jun -1.3 -7.6 0.9 -33.0 1.40 3.6

Hong Kong -9.0 Q2 -0.4 -4.2 0.7 Jun 1.4 6.2 Jun‡‡ 3.1 -5.6 0.4 -123 7.75 0.9

India 3.1 Q1 1.2 -5.8 6.1 Jun 3.4 11.0 Jun -0.4 -7.8 5.8 -57.0 74.8 -8.1

Indonesia 3.0 Q1 na 0.2 2.0 Jun 2.2 5.0 Q1§ -1.6 -6.6 6.8 -50.0 14,535 -3.5

Malaysia 0.7 Q1 na -5.1 -1.9 Jun -1.1 5.3 May§ 2.1 -7.6 2.7 -94.0 4.24 -2.6

Pakistan 0.5 2020** na -3.6 8.6 Jun 7.9 5.8 2018 -1.6 -10.2 9.1 ††† -467 167 -3.9

Philippines -0.2 Q1 -18.9 -3.7 2.5 Jun 2.2 17.7 Q2§ 1.3 -7.7 2.8 -193 49.2 3.8

Singapore -12.6 Q2 -41.2 -6.0 -0.5 Jun -0.2 2.9 Q2 19.1 -13.5 0.9 -105 1.38 -0.7

South Korea -3.0 Q2 -12.7 -2.1 nil Jun 0.4 4.3 Jun§ 2.5 -5.7 1.3 -10.0 1,193 -0.8

Taiwan 1.6 Q1 -3.6 -2.0 -0.8 Jun -0.7 4.0 Jun 11.9 -5.1 0.5 -25.0 29.3 6.1

Thailand -1.8 Q1 -8.5 -5.3 -1.6 Jun 0.2 1.0 Mar§ 3.4 -6.4 1.0 -64.0 31.4 -1.7

Argentina -5.4 Q1 -18.0 -12.0 42.8 Jun‡ 41.9 10.4 Q1§ 2.1 -8.4 na -464 72.2 -39.3

Brazil -0.3 Q1 -6.0 -7.5 2.1 Jun 2.6 12.9 May§‡‡ -2.4 -16.3 1.9 -356 5.15 -26.4

Chile 0.4 Q1 12.7 -6.1 2.6 Jun 2.4 11.2 May§‡‡ -2.6 -14.0 2.5 -48.0 759 -8.2

Colombia 0.4 Q1 -9.2 -7.7 2.2 Jun 2.3 21.4 May§ -4.9 -7.8 5.3 -55.0 3,719 -12.5

Mexico -1.4 Q1 -4.9 -9.7 3.3 Jun 3.1 3.3 Mar -1.4 -4.5 5.7 -185 22.0 -13.3

Peru -3.4 Q1 -19.5 -13.0 1.6 Jun 1.6 7.6 Mar§ -2.1 -11.5 3.3 -100 3.52 -6.3

Egypt 5.0 Q1 na 0.6 5.7 Jun 6.2 7.7 Q1§ -4.1 -10.6 na nil 16.0 3.9

Israel 0.4 Q1 -6.9 -5.4 -1.1 Jun -1.1 4.2 May 3.9 -11.8 0.6 -66.0 3.40 3.5

Saudi Arabia 0.3 2019 na -5.2 0.5 Jun 1.2 5.7 Q1 -5.6 -10.5 na nil 3.75 nil

South Africa -0.1 Q1 -2.0 -8.0 2.1 Jun 3.6 30.1 Q1§ -2.6 -16.0 9.3 94.0 16.5 -14.0

Source: Haver Analytics. *% change on previous quarter, annual rate. †The Economist Intelligence Unit estimate/forecast. §Not seasonally adjusted. ‡New series. **Year ending June. ††Latest 3 months. ‡‡3-month moving

average. §§5-year yield. †††Dollar-denominated bonds.

72 The EconomistAugust 1st 2020

Commodities

TheEconomist commodity-price index % change on

2015=100 Jul 21st Jul 28th* month year

DollarIndex

AllItems 115.7 115.2 7.7 -2.8

Food 91.7 92.3 2.5 -1.8

Industrials

All 138.2 136.6 11.2 -3.5

Non-foodagriculturals 94.4 96.3 6.2 0.4

Metals 151.2 148.6 12.3 -4.2

SterlingIndex

Allitems 138.5 135.9 2.8 -8.8

EuroIndex

Allitems 111.7 108.9 3.1 -7.7

Gold

$ peroz 1,838.3 1,950.0 9.3 36.5

Brent

$ perbarrel 44.4 43.3 4.9 -32.4

Sources:Bloomberg; CME Group; Cotlook; Datastream from Refinitiv;

Fastmarkets;FT; ICCO; ICO; ISO; Live Rice Index; LME; NZ Wool

Services;Thompson Lloyd & Ewart; Urner Barry; WSJ. *Provisional.

Markets

% change on: % change on:

Index one Dec 31st index one Dec 31st

In local currency Jul 29th week 2019 Jul 29th week 2019

United States S&P 500 3,258.4 -0.5 0.9

United States NAScomp 10,542.9 -1.5 17.5

China Shanghai Comp 3,294.6 -1.2 8.0

China Shenzhen Comp 2,237.0 -0.6 29.8

Japan Nikkei 225 22,397.1 -1.6 -5.3

Japan Topix 1,549.0 -1.5 -10.0

Britain FTSE 100 6,131.5 -1.2 -18.7

Canada S&P TSX 16,294.7 0.8 -4.5

Euro area EURO STOXX 50 3,300.2 -2.1 -11.9

France CAC 40 4,958.7 -1.6 -17.1

Germany DAX* 12,822.3 -2.2 -3.2

Italy FTSE/MIB 19,880.6 -3.5 -15.4

Netherlands AEX 564.1 -1.5 -6.7

Spain IBEX 35 7,206.2 -2.5 -24.5

Poland WIG 52,045.6 -0.2 -10.0

Russia RTS, $ terms 1,266.0 0.9 -18.3

Switzerland SMI 10,272.8 -1.6 -3.2

Tu r ke y BIST 1,135.6 -3.8 -99.0

Australia All Ord. 6,128.0 -1.0 -9.9

Hong Kong Hang Seng 24,883.1 -0.7 -11.7

India BSE 38,071.1 0.5 -7.7

Indonesia IDX 5,111.1 nil -18.9

Malaysia KLSE 1,611.4 1.5 1.4

Pakistan KSE 38,836.3 2.7 -4.7

Singapore STI 2,573.5 -0.8 -20.1

South Korea KOSPI 2,263.2 1.5 3.0

Taiwan TWI 12,541.0 0.5 4.5

Thailand SET 1,338.4 -1.4 -15.3

Argentina MERV 48,884.5 0.5 17.3

Brazil BVSP 105,605.2 1.3 -8.7

Mexico IPC 37,720.8 0.7 -13.4

Egypt EGX 30 10,599.5 1.3 -24.1

Israel TA-125 1,381.1 -1.4 -14.6

Saudi Arabia Tadawul 7,459.2 0.4 -11.1

South Africa JSE AS 56,707.7 1.6 -0.7

World, dev'd MSCI 2,319.7 -0.3 -1.6

Emerging markets MSCI 1,086.6 0.8 -2.5

US corporate bonds, spread over Treasuries

Dec 31st

Basis points latest 2019

Investment grade 180 141

High-yield 619 449

Sources: Datastream from Refinitiv; Standard & Poor's Global Fixed

Income Research. *Total return index.

Formorecountriesandadditionaldata,visit

Economist.com/indicators

Economic & financial indicators