EIU Nowcast: US economy is starting to feel the coronavirus hit
2024-04-07 10:45
The EIU nowcast for Q1 2020 GDP growth fell 0.14 percentage points to 1.88% (Y-o-Y) as of March 16th, from 2.02% as on March 6th.
Manufacturing survey data, for March, from the New York Fed–released yesterday–recorded its sharpest monthly drop, in light of the COVID-19 related disruptions in the economy.
Advanced reading of March consumer sentiments data (from University of Michigan) also fell significantly last week, dragging the nowcast lower.
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Data releases (last week)
Indicators Reference Period Release Date University of Michigan: Consumer Sentiment [Flash] (NSA, Q1-66=100) Mar (20’) 13th Mar 2020 University of Michigan: Current Economic Conditions [Flash] (NSA, Q1-66=100) Mar (20’) 13th Mar 2020 University of Michigan: Consumer Expectations [Flash] (NSA, Q1-66=100) Mar (20’) 13th Mar 2020 Empire State Manufacturing Survey (seasonally adjusted diffusion index) Mar (20’) 16th Mar 2020 Data releases (current week)
Indicators Reference Period Release Date Retail Sales & Food Services (SA, Mil.$) Feb (20’) 17th Mar 2020 Industrial Production Index (SA, 2012=100) Feb (20’) 17th Mar 2020 Capacity Utilization: Industry (SA, Percent of Capacity) Feb (20’) 17th Mar 2020 New Private Housing Units Authorized by Building Permit [Flash] (SAAR, Thous.Units) Feb (20’) 18th Mar 2020 Housing Starts (SAAR, Thous.Units) Feb (20’) 18th Mar 2020 Contact us
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