| Today's Economy
Economic Roundup: Bifurcation in U.S. Consumer Spending, Sentiment Retail sales are now above their prepandemic level, but consumer sentiment remains in a rut. Canada Weekly: Oil's XL Problem The U.S. Supreme Court adds another hurdle for the Keystone XL pipeline. Geopolitical Risk Calendar: COVID-19 Advances Across Europe The resurgence is leading to a reintroduction of travel restrictions and social distancing measures. Retail Booms, but Washington May Yank the Rug U.S. third-quarter GDP is now tracking 18.6% at an annualized rate. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. COVID-19 Tracker Update: Drag on Growth Businesses filing for bankruptcy could close permanently, weighing on the economy in the near and long term. U.S. Inflation Heat Map Update The CPI bounced higher as prices responded to rising economic activity. LatAm Risk Matrix Update: Coronavirus Crisis the Main Threat COVID-19 has taken a significant toll, and its acceleration raises the risk of a deeper recession. Europe Weekly Highlights and Preview, 14 August, 2020 Headline inflation numbers have been tainted by base effects and disruptions owing to the COVID-19 crisis. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
GDP
2020Q2: -17.1%
Malaysia’s GDP plunged 17.1% y/y in the second quarter, reflecting strict movement control orders that were in place from March to control the spread of the pandemic. France
Consumer Price Index
Jul. 2020: 0.8%
France’s EU-harmonized inflation rate accelerated in July to 0.4% from 0.2% in June. Euro Zone
External Trade
Jun. 2020: €21.2 bil
The euro zone's not seasonally adjusted trade surplus in goods widened to €21.2 billion in June from €19.4 billion a year earlier. United States
Productivity and Costs
2020Q2: 7.3%
Productivity soared by 7.3% at an annualized rate in the second quarter, far surpassing expectations. United States
Retail Sales
Jul. 2020: 1.2%
Retail sales continued to rise in July although the pace continued to slow as the level of sales surpassed its pre-pandemic level. Canada
Survey of Manufacturing
Jun. 2020: 20.7%
A massive rebound in manufacturing sales in June, erased much of the recent COVID-19-related decline. Peru
Monetary Policy
Aug. 2020: 0.25%
The Central Reserve Bank of Peru left the policy rate unchanged at 0.25% in its August meeting. India
Foreign Trade
Jul. 2020: -US$4.8 bil
India’s trade deficit sank to $4.83 billion in July following June's $790 million surplus, the largest surplus ever posted. United States
Industrial Production
Jul. 2020: 3.0%
U.S. factory conditions have improved over the past few months as states have reopened their economies after many shut them down to contain COVID-19. United States
Business Inventories (MTIS)
Jun. 2020: -1.1%
Business inventories declined again in June, though by less than expected. United States
University of Michigan Consumer Sentiment Survey
Aug. 2020: 72.8
Consumer sentiment not only remains at a recessionary level, but has stopped rising in the face of large numbers of COVID-19 infections. United States
Monthly GDP
Jun. 2020: 4.5%
The U.S. economy was on a favorable trajectory heading into the third quarter, but rising COVID-19 cases and lack of urgency to pass additional stimulus will weigh on growth over the next couple of months. World
Moody's Analytics Global GDP
2020Q1: -11.3%
The COVID-19 crisis delivered a knockout blow to the expansion in the global economy. Colombia
GDP
2020Q2: -15.7%
The Colombian economy contracted 15.7% y/y in the second quarter after expanding 1.4% in the first three months of the year. » VIEW MORE ECONOMIC INDICATORS | 