| Today's Economy
Economic Roundup: Not Many Tricks But Plenty of Treats in October Employment Unemployment rate continues to drop more quickly than anticipated, reducing odds of stimulus soon. Canada Weekly: Symptoms of Asymmetry The pandemic's divergent impact across industries is solidifying. COVID-19 Policy Tracker: BoE Expands QE as Outlook Darkens The Bank of England expanded its quantitative easing by £150 billion at its November meeting. Inventories Add Even More to Q3 U.S. GDP We have nudged up our tracking estimate of Q3 GDP to 31.3%. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview: November 6, 2020 Mexico’s annual inflation rate likely stayed around the 4% target’s upper limit for the third month. Europe Weekly Highlights and Preview, 6 November, 2020 We look for the U.K. GDP to rebound by 15.1% in the third quarter. Australia Risk Matrix Update: Diverging Prospects The risks to recovery are shifting. Asia-Pacific Weekly Highlights and Preview: 6 November, 2020 Malaysia's GDP, though improved, likely contracted again. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Industrial Production
Sep. 2020: 0.8%
Spain’s industrial production increased by 0.8% in September. Italy
Retail Sales
Sep. 2020: -0.8%
Italy’s retail sales shed 0.8% m/m in September, following strong growth in August, as food sales stalled while nonfood spending fell marginally. Germany
Industrial Production
Sep. 2020: 1.6%
Headline calendar and seasonally adjusted industrial production fell short of expectations in September, rising 1.6% m/m after a 0.5% increase in August. Chile
Consumer Price Index
Oct. 2020: 2.9%
Chile’s annual inflation moderated in October, after a strong rebound in September. Brazil
Consumer Price Index
Oct. 2020: 3.92%
Annual inflation in Brazil accelerated in October as more prices realigned in an economy that is reopening. Hence, in October annual inflation rose to 3.92%, from 3.14% in September. Uruguay
Consumer Price Index
Oct. 2020: 9.7%
Inflation in Uruguay decreased in October after ticking up in the previous month. Consumer prices rose 9.7% on a year-ago basis. Canada
Labor Force Survey
Oct. 2020: 8.9%
The second wave of COVID-19 cases and the ensuing public health restrictions caused a sharp deceleration of employment growth in October. United States
Employment Situation
Oct. 2020: 638,000
The labor market continued to recover in October with better results than we expected. United States
Wholesale Trade (MWTR)
Sep. 2020: 0.4%
Wholesale inventories increased 0.4% in September, a surprising divergence from consensus expectations of a 0.1% contraction. Canada
Purchasing Managers' Index
Oct. 2020: 54.5
The seasonally adjusted Ivey Purchasing Managers' Index pushed forward slightly from 54.3 in September to 54.5 in October. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
November 04: 80.0
The U.S. economic recovery is moving in the wrong direction. China
Foreign Trade
Oct. 2020:
Russian Federation
Consumer Price Index
Oct. 2020: 4%
Russian inflation is unwavering in its ascent, coming in above market expectations in October. United States
Consumer Credit (G19)
Sep. 2020: $16.2 bil
Consumer credit expanded in September by $16.2 billion. » VIEW MORE ECONOMIC INDICATORS | 