| Today's Economy
Economic Roundup: Digging Through the December Changes The new U.S. baseline forecast has smaller, but sooner, stimulus and more COVID-19 cases. Indonesia’s Precarious Near-Term Future With COVID-19 cases on the rise, lockdowns have been reinstated. The Caveat of Reading the NFIB Tea Leaves The survey overestimates growth under Republicans and underestimates it for Democrats. LatAm Daily Briefing: Venezuela Political Standoff Continues The U.S. and most of Europe and Latin America voiced support for the opposition and deemed Sunday’s election fraudulent. » VIEW MORE TODAY'S ECONOMY
Commentary
The ECB Will Act Markets expect the central bank to expand monetary policy at Thursday's meeting. U.S. Weekly Highlights and Preview, December 7, 2020 The weakening economy has reenergized negotiations in Washington DC over another fiscal rescue package. U.S. COVID-19 Tracker Update: The Slowdown The weakness in November employment was in private services, which is the most vulnerable to tighter coronavirus restrictions. U.S. Chartbook: Recovery Weighed Down by COVID-19 November's weak jobs report provides an early hint of the damage done by surging COVID-19 cases. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
GDP
2020Q3: 12.5%
Final estimates showed that euro zone GDP grew by 12.5% q/q in the third quarter, reversing the 11.7% contraction in the second. OECD
Composite Leading Indicators
Nov. 2020: 99.1
The November reading for the OECD composite leading indicator came in at 99.1 in amplitude-adjusted terms, compared with 99.0 in October. United States
NFIB Small Business Survey
Nov. 2020: 101.4
The NFIB Small Business Optimism Index dropped in November as the number of confirmed COVID-19 cases surged and states took actions to contain the virus. Brazil
Consumer Price Index
Nov. 2020: 4.31%
Brazil’s inflation climbed above the 4% target, reconfirming the upward trend initiated midyear. United States
Productivity and Costs
2020Q3: 4.6%
Productivity growth was revised modestly lower in the third quarter, but this comes on the heels of a record-setting gain in the prior three months. United States
Moody’s Analytics Policy Uncertainty Index
December 04: 366.3
The four-week moving average in our U.S. policy uncertainty index fell from 385.2 to 366.3 in the week ended December 4. Japan
Machinery Orders
Oct. 2020:
China
Consumer Price Index
Nov. 2020:
China
Producer Price Index
Nov. 2020:
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