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 |