US Job Listings and Auto Sales Data
Job listing and Auto sales data can be used as a barometer of the US Macroeconomy and consumers spending. Job listings data is still in decline though April 19th, while US auto sales have rebounded from a low point in March. Job listing declines are most pronounced on the East and West Coasts and in major cities. In general, this is also true for the declines seen in auto sales, but there are exceptions. Both sets of data can be used to monitor current and future economic conditions in the US.
COVID-19 Report: Sectors With Significant Disruption
The Employee Profiling COVID-19 dashboard hosted on Eagle Edge shows sectors and companies that are most at risk from the Coronavirus outbreak. Risk scores help identify companies that may have elevated business risk and which companies may be less severely interrupted in coming months. Sectors with the highest risk scores are Utilities, Communications and Financials. Companies with high risk scores include Consolidated Edison, New York Times Co, CBS Corp and M&T Bank in the US and Intesa Sanpaolo, ITV Plc, UniCredit and Lloyds Bank in Europe.
COVID-19 Report: Chinese Consumer Spending
Three different datasets are showing stability but no significant recovery of the Chinese consumer after COVID-19 lockdown. Online transaction volume (GMV) is up in March but does not represent a large snap back from January and February. Chinese cosmetics sales have recovered but South Korean duty-free sales to Chinese travellers in April, which are largely cosmetics related, have relinquished gains from early March. Lastly, hotel booking activity in Chinese cities remains at February levels. Sales for cosmetics companies like Estee Lauder and Revlon are holding up relatively well, while online sales for western brands like Tapestry, Capri and Apple are seeing some pressure.