| Today's Economy
Economic Roundup: So You're Telling Me There's a Chance Fiscal stimulus could be wrapped up with government funding bill. LatAm Daily Briefing: Colombia's Labor Market Recovery Continues Looking at the urban unemployment rate, October’s figures depict a less encouraging picture. Europe Daily Briefing: Manufacturing Slows in Second Lockdown Euro zone firms were the most confident they have been in over two years. November’s High-Yield Bond Offerings Incur First Yearly Drop Since March Resurgent COVID-19 threatens to end consumer spending’s streak of monthly gains. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Risk Matrix Update: 2021 Will Be Better, but Risks Remain The absence of fiscal stimulus remains a problem, but there has been some encouraging news. U.S. Chartbook: Worse Before It Gets Better Progress is in view, but near-term fallout from the latest surge in COVID-19 cases will be harrowing. U.S. Road to Recovery: Harsh Winter for the Economy Pent-up demand and inventory rebuilding should ensure that real GDP fully recovers what it lost in the pandemic by the third quarter of 2021. U.S. Weekly Highlights and Preview, November 30, 2020 Key data include the latest employment report, vehicle sales, ISM surveys, jobless claims and international trade. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
CoreLogic Home Price Index
Oct. 2020: 7.3%
The CoreLogic Home Price Index rose 1.1% in October from the previous month and advanced 7.3% year over year. Italy
GDP
2020Q3: 15.9%
Final numbers show that Italy's GDP rebounded by 15.9% q/q in the third quarter, slightly below preliminary estimates of a 16.1% gain. Germany
Unemployment
Nov. 2020: 6.1%
The German unemployment rate fell to 6.1% in November from 6.2% in October. Euro Zone
Preliminary Consumer Price Index
Nov. 2020: -0.3%
Preliminary estimates report that the euro zone's harmonized index of consumer prices fell by 0.3% y/y in November, the same as in October. Australia
Monetary Policy
Dec. 2020: 0.1%
The Reserve Bank of Australia expectedly kept the cash rate unchanged at the record low of 0.1%. Chile
Monthly Economic Activity Indicator
Oct. 2020: -1.2%
Chile’s economic activity reported a mild contraction in October, affected by the pandemic. Canada
GDP
2020Q3: 40.5%
The economy roared back to life in the third quarter as pandemic-related restrictions on businesses and social activities eased. Canada
Industry Output
Sep. 2020: 0.8%
Canada’s economic growth continued to moderate following its strong bounce back from the steep declines in the spring. Peru
Consumer Price Index
Nov. 2020: 2.1%
Consumer prices in the Lima metropolitan area popped in November, rising 2.14% on a year-ago basis. United States
Moody's Analytics Used Vehicle Price Indexes
Nov. 2020: 18.2%
Wholesale used-vehicle demand is cooling. United States
Construction Spending (C30)
Oct. 2020: 1.3%
Total U.S. construction spending rose 1.3% in October, outpacing the consensus estimate of a 0.8% increase. United States
ISM Manufacturing Index
Nov. 2020: 57.5
The ISM manufacturing survey's composite index declined from 59.3 in October to 57.5 in November. United States
Moody’s Analytics Policy Uncertainty Index
November 27: 385.2
The four-week moving average in our U.S. policy uncertainty index fell from 395.1 to 385.2 in the week ended November 27. United States
Texas Service Sector Outlook Survey
Nov. 2020: -0.7
Current Texas service sector activity weakened in November for the first time in several months. Brazil
Foreign Trade
Nov. 2020: US$3.7 bil
Brazil’s trade surplus fell to $3.7 billion in November, below our and the consensus forecasts. South Korea
Consumer Price Index
Nov. 2020:
Australia
GDP
2020Q3:
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