| Today's Economy
Preliminary Cost Estimates of California Wildfires The state's wildfire season is starting earlier and becoming more destructive. LatAm Daily Briefing: A Trade Surplus Despite Export Slump Commodity prices show unexpected resilience. Europe Daily Briefing: At Least the Worst is Behind Us German GDP contracted less than expected in Q2, but recovery will take time. Asia-Pacific Daily Briefing: South Korea's Consumers See Some Light A second wave of COVID will slow the current rebound, but by how much is a question. » VIEW MORE TODAY'S ECONOMY
Commentary
Forecasting Remittance Inflows to the Philippines During the COVID-19 Pandemic Our model shows a strong recovery during the second half of the year. Updating Our Brexit Baseline We now expect the EU and the U.K. to reach a thin deal by the end of the year. U.S. COVID-19 Tracker Update: Game Changers What's next as direct relief to the economy under the CARES Act has practically ground to a halt? U.S. Chartbook: Looking for a Spark New data indicated that the economy’s performance did not deteriorate further, nor did it improve materially. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
GDP
2020Q2: -9.7%
Final estimates showed that Germany’s GDP contracted by 9.7% q/q in the second quarter, better than the initial estimate of a 10.1% plunge but still the worst reading on record. United States
Philadelphia Fed Nonmanufacturing Survey
Aug. 2020: 17.9
The headline index in the Philadelphia Fed Nonmanufacturing Survey dropped from 23.7 to 17.9, indicating that business activity in the Third District increased in August, albeit at a slightly weaker pace than in July. United States
FHFA Purchase-Only House Price Index
Jun. 2020: 5.7%
The FHFA Purchase-Only House Price Index increased 5.7% on a year-ago basis and 0.9% on a monthly basis in June. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Jun. 2020: 3.5%
House price appreciation continued in June, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index. United States
New-Home Sales
Jul. 2020: 901,000
The U.S. housing market is cooking and will add noticeably to growth in the third quarter. United States
Conference Board Consumer Confidence
Aug. 2020: 84.8
U.S. consumer confidence unexpectedly tumbled to a cyclical low in August as the increase in infections reduced consumer views of current conditions. United States
Richmond Fed Manufacturing Survey
Aug. 2020: 18
The manufacturing recovery in the Richmond Federal Reserve District accelerated in August, according to the Fifth District Survey of Manufacturing Activity. » VIEW MORE ECONOMIC INDICATORS | 
