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Monthly Economic Recap

May 2020 Economic Recap

  • 06/11/2020 | Matthew Paniati
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Spending on hotels, restaurants, airlines and more appeared to be increasing in May, though from a very low level. Despite being down almost 90% on the year, the number of people passing through TSA security screening checkpoints on May 24th increased to 267,451 from 87,534 on April 14th. Despite such signs of recovery, the economic outlook remains uncertain, as factors supporting activity including emergency spending from Congress, a fall in daily reported COVID-19 cases and reopening could all be temporary.

China announced a new security law for Hong Kong, with the aim being to stem pro-democracy protests. The new laws would significantly limit the territory’s autonomy by overriding Hong Kong’s system of self-governance. The move threatens to strain relations further between the U.S. and China as they work to keep their previously negotiated trade deal intact.

For a deeper consideration of the economic data released during May, please follow the links below:

Weekly Economic Review, April 27, 2020 – May 1, 2020

Weekly Economic Review, May 4, 2020 – May 8, 2020

Weekly Economic Review, May 11, 2020 – May 15, 2020

Weekly Economic Review, May 18, 2020 – May 22, 2020

Weekly Economic Review, May 25, 2020 – May 29, 2020

Our research is for personal, non-commercial use only. You may not copy, distribute or modify content contained on this Website without prior written authorization from Capital Advisors Group. By viewing this Website and/or downloading its content, you agree to the Terms of Use.
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