| Wednesday, November 04, 2020 |
| Today's Economy
Economic Roundup: Par for the Course in 2020 The election is a nail-bitter, but there is no need to alter our baseline forecast. U.S. Election Update: A True Nail-Biter Tuesday’s results so far favor a narrow Biden victory and a divided Congress. LatAm Daily Briefing: For Mexico, Less at Stake in U.S. Election Public opinion has split almost evenly between the two candidates. Europe Daily Briefing: October Services Ail With COVID-19 Wave Demand in the euro zone weakened in October because of the resurgence of the pandemic. » VIEW MORE TODAY'S ECONOMY
Commentary
This Week in the COVID Crisis On the other side of the next president’s inauguration, the economy’s performance depends critically on who wins and by how much. Final Thoughts Ahead of 2020 U.S. Presidential Election Former Vice President Biden will win the White House, with Pennsylvania as the decider. U.S. Chartbook: Third Quarter Solid Rebound Roughly 75% of the U.S. GDP decline in the second quarter was reversed. U.S. Weekly Highlights and Preview, November 2, 2020 The key data released this week will take a backseat to the U.S. presidential election. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
October 30: 3.8%
Mortgage applications increased by 3.8% over the week of October 30, adding to the 1.7% increase the previous week. Brazil
Industrial Production
Sep. 2020: 1.5%
The national industry continued to advance in September, growing in monthly and annual terms. United States
ADP National Employment Report
Oct. 2020: 365,000
The labor market recovery is on uneasy footing, as job gains have slowed precipitously. Canada
International Merchandise Trade
Sep. 2020: C$ -3.3 bil
Canada's merchandise trade exports rose by 1.5% in September. United States
International Trade (FT900)
Sep. 2020: -$63.9 bil
The U.S. nominal trade deficit narrowed from a revised $67 billion in August to $63.9 billion in September. United States
Moody's Analytics Used Vehicle Price Indexes
Oct. 2020: 20%
Used-vehicle demand is cooling. United States
CreditForecast.com Household Credit Report
Oct. 2020: 3.34%
The consumer credit market expanded in October, increasing by $42 billion, a 0.31% month-to-month change. United States
ISM Nonmanufacturing Index
Oct. 2020: 56.6
The ISM nonmanufacturing survey's composite index came in weaker than expected in October as the number of COVID-19 cases has surged, which disproportionately weighs on services. United States
Oil Inventories
October 30: 484.4 mil barrels
A surprisingly large drop in oil inventories will support oil prices. Indonesia
GDP
2020Q3:
Australia
Foreign Trade
Sep. 2020:
» VIEW MORE ECONOMIC INDICATORS |
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