| Today's Economy
Economic Roundup: 2020 Is Hindsight New year but same economic and public health crises remain. LatAm Daily Briefing: The Three 'Whys' Behind Argentina's Lowflation The COVID-19 lockdown measures sharply cut domestic demand. Fiscal Relief Package Lends Upside Risk to the 10-Year Treasury Forecast Inflation expectations are on the move and could push the 10-year higher. Europe Daily Briefing: An Uncertain Start to the Year The EU signed a long-term budget and finalized a Brexit trade deal with the U.K. » VIEW MORE TODAY'S ECONOMY
Commentary
Pandemic Dramatically Alters U.S. Spending Patterns Some long-running trends were reversed, others accelerated. U.S. Weekly Highlights and Preview, January 4, 2021 Our preliminary forecast is for nonfarm employment to have declined 25,000 between November and December. This Week in the COVID-19 Crisis For the first time in a long time, risks to our baseline outlook appear more skewed to the upside than to the downside. South Korea Risk Matrix Update: Third Wave Weighs on Economic Recovery Concerns are growing about the recent shutdowns of key industrial plants due to reported infections. » VIEW MORE COMMENTARY
Today's Economic Indicators
Chile
Monthly Economic Activity Indicator
Nov. 2020: 0.3%
Economic activity reported a mild annual advance in November, despite an industrial fall. Peru
Consumer Price Index
Dec. 2020: 2.0%
Consumer prices in the Lima metropolitan area rose 1.97% in December on a year-ago basis, a hair below the midpoint of the central bank's 1%-3% target. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
December 30: 75.3
As expected, the apex of the holiday season created a swift drop-off in economic activity. United States
Construction Spending (C30)
Nov. 2020: 0.9%
Construction spending rose 0.9% in November, padding the gains achieved in October. World
Moody's Analytics Survey of Business Confidence
January 01: -4.6
Global business sentiment slumped deeper into negative territory during the last week of 2020. United States
Risk of Recession
Nov. 2020: 24%
The probability of the U.S. being in recession in the next six months dropped from 27% in October to 24% in November. Brazil
Foreign Trade
Dec. 2020: $-0.04 bil
Brazil’s trade balance fell into a deficit of $400 million in December, below our and the consensus forecast. United States
Semiconductor Billings
Nov. 2020:
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