Today's Economy

Election results and progress on a vaccine occurred but they don't warrant changes to the forecast.

The economy was already badly bludgeoned by the COVID-19 pandemic and the ensuing health and economic crisis.

An upbeat manufacturing PMI bodes well for Germany's October industrial production.

Under a Biden administration, U.S.-China relations are more likely to stabilize.

Commentary

Stock investors appear cheered by the prospects for a divided government.

Having a clear political path forward will go a long way to shore up frayed psyches and the struggling economy.

Mexico’s annual inflation rate likely stayed around the 4% target’s upper limit for the third month.

We look for the U.K. GDP to rebound by 15.1% in the third quarter.

Today's Economic Indicators

Malaysia
Industrial Production
Sep. 2020: 1%
Malaysia’s industrial production was up 1% y/y in September, from a 0.2% increase in August.

OECD
Composite Leading Indicators
Oct. 2020: 99.0
The October reading for the OECD composite leading indicator came in at 99 in amplitude-adjusted terms, compared with 98.8 in September.

Chile
Foreign Trade
Oct. 2020: US$1,208.3 mil
Chile’s foreign trade surplus rose from its September level, coming in at $1.2 billion in October, in line with our above-consensus forecast.

Mexico
Consumer Price Index
Oct. 2020: 4.09%
Annual inflation in Mexico stayed above the 4% target’s upper limit in October for the third consecutive month, as price realignments continued.

World
Moody's Analytics Survey of Business Confidence
November 06: -10.4
The COVID-19 pandemic continues to weigh heavily on global business sentiment.

United States
Senior Loan Officer Opinion Survey
2020Q4: 37.7%
According to the Senior Loan Officer Opinion Survey, banks continue to tighten lending practices.

Philippines
GDP
2020Q3:

China
Producer Price Index
Oct. 2020:

China
Consumer Price Index
Oct. 2020:

China
Monetary Aggregates
Oct. 2020: