Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, September 23, 2020

Today's Economy


LatAm Daily Briefing: Factory Mexico's Transient Bloom

By September's close, factory production should be near normal.

Economic Roundup: Flash PMIs Mixed in U.S., Rough in Europe

The economic calendar heats up on Thursday.

Europe Daily Briefing: Post-COVID Recovery Lost Ground

The PMIs were downbeat across all the European countries.

Asia-Pacific Daily Briefing: Reserve Bank of New Zealand Holds Fire

The Bank of Thailand also stayed on the sidelines.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Employment Outlook: Attenuated Recovery

The country will not return to its pre-COVID-19 employment level until the end of 2023.

U.S. Risk Matrix Update: Fiscal Follies Pose Significant Threat

With each passing week the potential for another, but much needed, U.S. fiscal stimulus has dimmed.

U.S. Financial Outlook: Riding High on Equities

Stock market values should gradually decline in the near term, followed by a gradual recovery.

Chile Outlook: The Fall and Rise

There will be a deep contraction this year and strong rebound in 2021.

» VIEW MORE COMMENTARY



Today's Economic Indicators


United States
Moody's CMBS Delinquency Tracker
Aug. 2020: 7.73%
The Moody’s CMBS Delinquency Tracker total delinquency rate edged down 22 basis points to 7.73% in August.

Thailand
Monetary Policy
Sep. 2020: 0.5%
The Bank of Thailand kept its benchmark interest rate unchanged at 0.5% for a third straight meeting to save its limited policy space, allowing fiscal policy to take the lead in reviving the economy.

New Zealand
Monetary Policy
Sep. 2020: 0.25%
The Reserve Bank of New Zealand kept its monetary setting unchanged in September, as the official cash rate was held steady at 0.25%.

United States
MBA Mortgage Applications Survey
September 18: 6.8%
Mortgage applications jumped 6.8% over the week of September 18, reversing the 2.5% decrease the previous week.

United States
FHFA Purchase-Only House Price Index
Jul. 2020: 6.5%
The Federal Housing Agency Purchase-Only House Price Index jumped up 6.5% on a year-ago basis and 1% on a monthly basis in July.

Mexico
Retail & Wholesale Sales
Jul. 2020: -12.5%
Household consumption continued to recover in July as the economy’s reopening progressed.

United States
Oil Inventories
September 18: 494.4 mil barrels
A smaller than expected decline in oil inventories will temporarily dent oil prices.

United States
Moody’s Analytics Policy Uncertainty Index
September 18: 254.2
The four-week moving average in our U.S. policy uncertainty index jumped from 238.4 to 254.2 in the week ended September 18.

Singapore
GDP - Advanced
2020Q3:

Argentina
Retail Sales Index
Jul. 2020: -96.2%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers dropped 96.2% y/y in July after falling 96.5% in the previous month.

Argentina
Employment Situation
2020Q2: 13.1% Unemployment
According to Indec’s labor market survey, the national unemployment rate averaged 13.1% in the second quarter, compared with 10.6% a year earlier (figures are not seasonally adjusted).

» VIEW MORE ECONOMIC INDICATORS

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