Today's Economy Economic Roundup: U.S. Consumers Feel a Little Better In January Consumer confidence edges higher but doesn't alter the outlook or risks for spending this quarter. LatAm Daily Briefing: Pandemic Hinders FDI Flows into the region will rebound in 2021 as the recovery gains momentum. Risks in Senegal’s Latest Restrictions The new measures are visible in the data but do not appear to be major disruptions for the economy. Europe Daily Briefing: Italy's Prime Minister Resigns The second wave is driving up unemployment in the U.K. » VIEW MORE TODAY'S ECONOMY
Commentary Used-Vehicle Valuations Reverse Demand in the U.S. slowed as job creation provided less support. U.S. COVID-19 Tracker Update: Signs the Tide May Turn Vaccinations set the stage for a strong recovery in consumer services, particularly as there is tremendous pent-up demand. Germany’s Fiscal Space Proves Roomier Than Expected The country can accommodate additional fiscal stimulus if the pandemic continues to intensify. U.S. Weekly Highlights and Preview, January 25, 2021 We expect the government's advance estimate of GDP to show fourth-quarter growth of 6.1%. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore Industrial Production Dec. 2020: 14.3% Singapore’s industrial production closed 2020 with better than expected growth, surging by 14.3% y/y in December, following November’s outsize 18.7% increase. United Kingdom Unemployment Nov. 2020: 5.0% The U.K. unemployment rate rose to 5% in the three months to November from 4.5% in the previous quarter. United States Philadelphia Fed Nonmanufacturing Survey Jan. 2021: -14.3 Nonmanufacturing activity in the Fed’s Third District deteriorated in January. Mexico Retail & Wholesale Sales Nov. 2020: -5.1% Retail sales advanced in November, fueled by the traditional replica of the “Black Friday” weekend. United States S&P CoreLogic Case-Shiller® Home Price Indexes Nov. 2020: 9.1% House price appreciation accelerated in November, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index. United States FHFA Purchase-Only House Price Index Nov. 2020: 11.0% The Federal Housing Finance Agency Purchase-Only House Price Index increased to 11% on a year-ago basis and 1% on a monthly basis in November. United States Regional and State Employment Dec. 2020: The December job numbers for state and regional economies put 2020 in the books and added to evidence showing virus-related issues weakening the labor market. United States Conference Board Consumer Confidence Jan. 2021: 89.3 U.S. consumer confidence improved a little in January, but it doesn’t alter our view that consumer spending and the economy will continue to struggle this winter. United States Richmond Fed Manufacturing Survey Jan. 2021: 14 Factory conditions in the Richmond Federal Reserve District improved at a slower pace in January and the Fifth District Manufacturing Index was 14. United States Texas Service Sector Outlook Survey Jan. 2021: 0.8 Texas service industries are still subdued. United States Moody’s Analytics Policy Uncertainty Index January 22: 409.0 The four-week moving average in our U.S. policy uncertainty index increased from a revised 402.7 to 409 in the week ended January 22. Argentina Economic Activity Indicator Nov. 2020: -3.7% The statistics office’s monthly economic activity index dropped 3.7% y/y in November after falling 7.3% in the previous month. South Korea Consumer Sentiment Index Jan. 2021: 95.4 Australia Consumer Price Index 2020Q4: » VIEW MORE ECONOMIC INDICATORS |