Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Thursday, September 03, 2020

Today's Economy


LatAm Daily Briefing: Venezuela Unable to Further Bring Down Inflation

While the country has stabilized inflation, it still has a risk of hyperinflation.

Final Thoughts Ahead of August Employment

A disappointment could light a fire under lawmakers in Washington to pass stimulus.

France Reveals Fresh Stimulus

The €100 billion plan equates to about 4% of GDP.

Europe Daily Briefing: Macron Goes All In

The "France Reboot" fiscal plan will help the supply side but not do much for consumer confidence.

» VIEW MORE TODAY'S ECONOMY



Commentary


Can U.S. College Towns Make the Grade?

COVID-19 invades campuses, and risks rise for university-dependent economies.

Canada Outlook: The Good, the Bad and the Ugly

A brutal second quarter gives way to an initially strong rebound, but the momentum quickly fades.

U.S. Road to Recovery: Labor Reallocation

Permanent layoffs in virus-sensitive industries have rapidly increased.

U.S. Chartbook: Where Do We Go From Here?

The economic recovery hinges on the prevalence of the virus and the next fiscal stimulus package.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Euro Zone
Retail Sales
Jul. 2020: -1.3%
Euro zone retail sales fell by 1.3% m/m in July after a 5.3% jump in June, cooling the yearly increase to 0.4% from 1.3% previously.

United States
Challenger Report
Aug. 2020: 115,762
Job cut announcements throttled back in August, dropping from 262,649 in July to 115,7662.

Brazil
Industrial Production
Jul. 2020: -3.2%
The national industry continued to improve in July, although it still reported an annual contraction.

Canada
International Merchandise Trade
Jul. 2020: C$ -2.5 bil
Imports in July increased by 12.7% while exports gained by 11.1%.

United States
Moody's Analytics Beige Book Index
Sep. 2020: -2.8
The Moody’s Analytics Beige Book Index leapt higher between July and September, rising from -133.3 to -2.8.

United States
Jobless Claims
August 29: 881,000
Weekly initial jobless claims declined from the prior week and beat expectations.

United States
Productivity and Costs
2020Q2: 10.1%
U.S. productivity growth was revised higher in the second quarter and is now shown to have risen 10.1%, compared with 7.3% in the advance estimate.

United States
International Trade (FT900)
Jul. 2020: -$63.6 bil
The U.S. nominal trade deficit widened noticeably more than either we or the consensus expected, and this will likely cut into our tracking estimate of third-quarter GDP.

United States
St. Louis Fed Financial Stress Index
August 28: -0.47
The St.

United States
ISM Nonmanufacturing Index
Aug. 2020: 56.9
U.S. service sector growth slowed in August, most likely as a result of an elevated level of new daily COVID-19 cases that has complicated state and local reopening plans and fading fiscal stimulus.

United States
Natural Gas Storage Report
August 28: 35 bil cubic feet
The rise in natural gas inventories last week was roughly in line with analyst predictions, suggesting that this report will have little effect on gas prices.

Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Aug. 2020: 25%
Demand for wholesale used vehicles was robust last month.

Uruguay
Consumer Price Index
Aug. 2020: 9.8%

Argentina
Industrial Production - Advance
Jul. 2020: -6.9%
Industrial output fell 6.9% y/y in July (NSA) amid the COVID-19 pandemic.

United States
Semiconductor Billings
Jul. 2020:

Australia
Retail Sales
Jul. 2020:

» VIEW MORE ECONOMIC INDICATORS

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