| Today's Economy
Economic Roundup: Getting a Clearer View of Q3 U.S. GDP Net exports will be a drag but inventories will add around 5 percentage points to GDP growth. LatAm Daily Briefing: Per Capita GDP Falls Sharply The pandemic will mark a 15-year setback of economic and social well-being. Will New Businesses Drive U.S. Job Growth? Most startup applications in 2020 are from firms unlikely to make hires in the near term. Europe Daily Briefing: Good News From the ESIs Sentiment rose across the euro zone in September, defying expectations of a decline. » VIEW MORE TODAY'S ECONOMY
Commentary
How Long Could a U.S. Recovery Take? Historical data imply a recovery to pre-pandemic employment would take two to nine years. U.S. Chartbook: Bleak Employment Indicators at Odds With Rosy Housing Data In a light calendar week of economic data, housing indicators shine bright. U.S. Weekly Highlights and Preview, September 28, 2020 The third revision of second-quarter GDP is likely to be uneventful. This Week in the COVID Crisis Here's where the next shoe could drop. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
International Trade in Goods - Advanced
Aug. 2020: -$82.9 bil
The advance U.S. nominal goods deficit widened from a revised $80.1 billion in July to $82.9 billion in August. South Korea
Industrial Production
Aug. 2020: -3.0%
South Korean industrial production slipped in August, as production fell 3% y/y after a 2.5% decline in July. Spain
Retail Sales
Aug. 2020: 1.8%
Spain’s retail sales increased 1.8% in seasonally adjusted terms in August. Euro Zone
Business and Consumer Sentiment
Sep. 2020: 91.1
The euro zone's business and consumer sentiment continued to rise during September, reaching 91.1, a 3.6-point increase over August, despite a sharp uptick in COVID-19 cases. Canada
Industrial Product and Raw Materials Price Indexes
Aug. 2020: 0.3%
Higher metal prices pushed up producer prices in Canada in August. United States
Advance Wholesale and Retail Inventories
Aug. 2020: 0.5%
Wholesale inventories grew 0.5% in August. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Jul. 2020: 3.9%
House price appreciation continued in July, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index. United States
Conference Board Consumer Confidence
Sep. 2020: 101.8
U.S. consumer confidence continues to bounce around. United States
Moody’s Analytics Policy Uncertainty Index
September 25: 274.3
The four-week moving average in our U.S. policy uncertainty index jumped for the second consecutive week, increasing from 254.2 to 274.3 in the week ended September 25. United States
Texas Service Sector Outlook Survey
Sep. 2020: 14.0
Texas service industries rebounded significantly in September. Current revenues at nonretail and retail establishments increased to double-digit positive margins. Singapore
GDP - Advanced
2020Q3:
Japan
Industrial Production
Aug. 2020:
Japan
Retail Sales
Aug. 2020:
China
Manufacturing PMI
Sep. 2020:
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