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2020/07/03 / Erste Group Research

Week ahead | Economic recovery gets started

This week, with the retail sales figures, the first concrete economic data was released from the Eurozone for the month of May. Next week, data on industrial production in May will provide further important clues as to the actual economic damage caused by the coronavirus crisis.

The June data for the US labor market confirmed the continued recovery. In fact, the rise in employment has accelerated significantly compared to May. Overall, however, only a good third of the losses in April were made up in May and June. The US labor market therefore still has a long way to go.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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