| Today's Economy
Peru President Faces Impeachment Opposition contacts with the military raise Vizcarra’s odds of pulling through. Costs Mount as Fires Rage in the U.S. West The 2020 fire season will rank as one of the most destructive in recorded history. Q3 Tracking Inches Higher After industrial production and import prices, our model puts U.S. GDP at 26.4% annualized in the current quarter. LatAm Daily Briefing: The Deep Contraction Lockdown measures had a devastating negative impact on GDP across the region in the second quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Losing Traction The recovery has slowed as federal stimulus has waned and COVID-19 cases remain high. U.S. Federal Outlook: Presidential Election Update Moody’s Analytics predicts Biden will narrowly win the Electoral College. U.S. Weekly Highlights and Preview, September 14, 2020 Initial claims for unemployment insurance benefits likely increased in the week ended September 12. This Week in the COVID Crisis The economy is operating 20% below where it was prior to when the pandemic struck in March. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Foreign Trade
Aug. 2020: US$2.33 bil
Indonesia’s trade surplus narrowed to US$2.33 billion in August from US$3.26 billion in July. France
Consumer Price Index
Aug. 2020: 0.2%
France's EU-harmonized inflation rate dropped to 0.2% y/y in August after reading 0.9% in July. United Kingdom
Monthly GDP
Jul. 2020: 6.6%
United Kingdom
Unemployment
Aug. 2020: 4.1%
The U.K. unemployment rate rose to 4.1% in the three months to July from 3.9% in the May quarter. Italy
Consumer Price Index
Aug. 2020: -0.5%
Italy's headline consumer prices fell by 0.5% y/y in August, in line with preliminary estimates. Canada
Survey of Manufacturing
Jul. 2020: 7.0%
Manufacturing turned in another solid month. Canada
New Motor Vehicle Sales
Jul. 2020: -10.5%
New-vehicle sales increased by 6.4% between June and July but were still down by 10.5% in year-ago terms. United States
Import and Export Prices
Aug. 2020: 0.9%
The U.S. inflationary data have been coming in stronger than expected recently, but that won’t cause the Federal Reserve to reassess its plan to keep rates rock bottom for a while. United States
NY Empire State Manufacturing Survey
Sep. 2020: 17.0
New York's recovery looks a bit more decisive than it did a month ago, according to the September Empire State Manufacturing Survey. Peru
Unemployment
Aug. 2020: 15.6%
The job market recovery in Peru continued in August, but the road to recovery remains perilously steep. United States
Industrial Production
Aug. 2020: 0.4%
The initial bounce in U.S. industrial production may have run its course. Russian Federation
Industrial Production
Aug. 2020: -7.2%
Russian industrial production declined by 7.2% y/y in August, easing from the 8% contraction in the previous month and matching the market consensus. World
Moody's Analytics Global GDP
2020Q2: -26.8%
United States
Moody’s Analytics Policy Uncertainty Index
September 11: 238.4
The four-week moving average in our U.S. policy uncertainty index increased from 225.5 to 238.4 in the week ended September 11, a high for the year. Japan
Foreign Trade
Aug. 2020:
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