| Today's Economy
Economic Roundup: Fed Searching for New North Star The Fed is deemphasizing the unemployment rate gap, but maybe it should turn to prime EPOP. Europe Daily Briefing: U.K. Retail Sales Continued to Beat Consensus But this strength won’t be sustained in the coming months. Canada Weekly: New Motor Vehicle Sales Gain Ground The industry is making a recovery after being rocked by the pandemic. Fed Still Needs a Guiding Star for the Labor Market Policymakers should focus on the prime-age employment-to-population ratio, not unemployment. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview: 18 September, 2020 We expect flash PMIs to show confidence faltered across most countries at the end of Q3. U.S. COVID-19 Tracker Update: Reason for Optimism The labor market continues to heal from the crisis. Latin America Weekly Highlights and Preview, September 18, 2020 Argentina GDP and unemployment data will show a sharp deterioration in the second quarter. Americans Clocked Out and Dined Out in Early September Regional labor markets are exhibiting fatigue, but restaurants show signs of life. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Aug. 2020: 0.8%
U.K. retail sales rose 0.8% m/m in August after a 3.7% increase in July, marking the fourth consecutive month of gains and bringing sales 4% above their February levels. Russian Federation
Monetary Policy
Sep. 2020: 4.25%
The Central Bank of Russia held the repo rate steady at 4.25% at its September meeting. Uruguay
GDP
2020Q2:
Russian Federation
Retail Sales
Aug. 2020: -2.7%
The recovery in Russian retail took a pause in August. Canada
Retail Trade
Jul. 2020: 0.6%
Having fully recovered to pre-pandemic levels, Canadian retail resumed a slower pace of growth in July. Canada
Wholesale Trade
Jul. 2020: 4.3%
The wholesale sales recovery extended into a third month, rising 4.3% to a record C$65 billion in July, following an 18.5% gain in June. United States
Current Account
2020Q2: -$170.5 bil
The U.S. current account deficit ballooned in the second quarter as the COVID-19 pandemic upended global trade and income flows. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
September 16: 76.2
The Moody’s Analytics & CNN Business Back-to-Normal Index reveals a decline in the recent week. United States
University of Michigan Consumer Sentiment Survey
Sep. 2020: 78.9
Somewhat surprisingly given the economy seems to have gone flat, consumer sentiment turned higher in September. United States
Regional and State Employment
Aug. 2020:
State and regional employment numbers for August provide more evidence that the worst of the economic fallout from the global pandemic is behind us but that the pace of improvement is moderating and there is still a long way to go before returning to pre-virus levels of activity. Russian Federation
Unemployment
Aug. 2020: 6.4%
The Russian labor market is still grappling with COVID-19 but is showing signs of improvement. United States
Conference Board Leading Indicators
Aug. 2020: 1.2%
Aligning with other data from August, leading economic indicators suggest a decelerating recovery. » VIEW MORE ECONOMIC INDICATORS | 