Dark clouds gather as building permits are down 32% yr/yr
Natural decrease drops sharply
Foreign visitors down 99% yr/yr
We should get a clearer picture
Still down 2.8% yr/yr
Earnings rose 7.8% yr/yr in April, lowest since 2016
Latest figures are reassuring
As exports fall 37% and imports 28%
Number of foreign visitors down 99%
Manufacturing output down 36%
We should know more this week
Job losses not all due to layoffs
The cause is not even the coronavirus
Coronavirus hits labour market hard
We will find out this week
This week’s macroeconomic data will tell us