| Today's Economy
Economic Roundup: U.S. Labor Market Recovery Will Likely Disappoint ADP showed a modest but positive employment growth while alternative data point toward a decline. LatAm Daily Briefing: Uruguay Heightens Virus Measures Public offices will return to remote working, and the government encouraged the same for the private sector. Europe Daily Briefing: German Retail Still Going Strong The euro zone's harmonized unemployment rate fell slightly in October. Asia-Pacific Daily Briefing: Australia's Solid September Stanza The outlook for Australia is promising, but external risks could derail the recovery. » VIEW MORE TODAY'S ECONOMY
Commentary
Scandinavia Outlook: In the Slow Lane Until Trade Picks Up Risks to the fourth quarter come from trade. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
Nov. 2020: 33.7
Japan's consumer confidence index changed little in November. Germany
Retail Sales
Oct. 2020: 2.6%
Real, calendar and seasonally adjusted retail sales excluding motor vehicles rebounded unexpectedly in October, ahead of the second lockdown. Italy
Unemployment
Oct. 2020: 9.8%
Italy's employment situation weakened in October. Euro Zone
Unemployment
Oct. 2020: 8.4%
The euro zone’s seasonally adjusted unemployment rate slid to 8.4% in October from an upwardly revised 8.5% in September. United States
MBA Mortgage Applications Survey
November 27: -0.6%
Mortgage applications slid by 0.6% in the week of November 27 after rising 3.9% in the previous week. Brazil
Industrial Production
Oct. 2020: 1.0%
Brazil’s industry advanced a little further in October, strengthening the reactivation. United States
ADP National Employment Report
Nov. 2020: 307,000
The labor market recovery is decelerating. United States
ISM - NY Report
Nov. 2020: 44.2
Alarm bells are starting to sound for purchasing managers in New York City. United States
Oil Inventories
November 27: 488.0 mil barrels
A smaller than expected crude oil inventory draw will weigh on prices slightly. United States
Beige Book
Dec. 2020:
The latest Beige Book installment reports that the U.S. recovery remained generally stable between early October and late November. United States
Semiconductor Billings
Oct. 2020:
South Korea
GDP
2020Q3:
Australia
Foreign Trade
Oct. 2020:
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