| Today's Economy
Economic Roundup: Vaccine and the U.S. Economy A vaccine will juice growth, but it may not happen immediately. LatAm Daily Briefing: COVID-19 Hits Brazil Hard in Q2 The economy will rebound, but not enough to keep from contracting. Europe Daily Briefing: Germany in Recovery Mode This Summer Stimulus measures did most of the heavy lifting. Asia-Pacific Daily Briefing: Japan Sinks Deeper Into Recession Thailand's GDP plunged in the second quarter, while Singapore's nonoil exports rose in June. » VIEW MORE TODAY'S ECONOMY
Commentary
This Week in the COVID Crisis It is hard to fathom how the economy will avoid sinking back into recession if lawmakers fail to come to terms. U.S. Weekly Highlights and Preview, August 17, 2020 The housing market should see an uptick in activity. Global Outlook: Long Road to Recovery Risks to the global outlook remain skewed to the downside. Latin America Weekly Highlights and Preview, August 14, 2020 There will be few surprises in the large second-quarter GDP declines. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Moody's CMBS Delinquency Tracker
Jul. 2020: 7.95%
The Moody’s Delinquency Tracker total delinquency rate jumped 217 basis points to 7.95% in July. Thailand
GDP
2020Q2: -12.2%
Canada
International Transactions in Securities
Jun. 2020: -C$13.5 bil
Following two months of significant accumulation, foreign investors reduced their holdings of Canadian securities in June. Canada
New Motor Vehicle Sales
Jun. 2020: -21.5%
New-vehicle sales increased 36.6% between May and June but were still down 21.5% in year-ago terms. United States
NY Empire State Manufacturing Survey
Aug. 2020: 3.7
New York's factories are still moving in the right direction, but far more tentatively than they were a month ago, according to the August Empire State Manufacturing Survey. World
Moody's Analytics Survey of Business Confidence
August 14: -13.7
Global business sentiment remains dour, as survey responses have been net negative for the past nearly six months. United States
MBA Delinquency Rates
2020Q2: 8.22%
Mortgage delinquency rates increased significantly in the second quarter of 2020, rising 386 basis points to 8.22%. This is 369 basis points above where the delinquency rate was at this point last year. United States
NAHB Housing Market Index
Aug. 2020: 78
Homebuilder confidence continued to rise in August, increasing 6 basis points to 78. Russian Federation
Industrial Production
Jul. 2020: -8.0%
Russian industrial production declined by 8% y/y in July, following a 9.4% loss in June. United States
Treasury International Capital Flows
Jun. 2020: $113.0 bil
Net long-term capital flows were positive for the second straight month in June. » VIEW MORE ECONOMIC INDICATORS | 
