| Today's Economy
Economic Roundup: U.S. Hiring Goes on Vacation The ADP National Employment Report and ISM nonmanufacturing survey point toward weaker July hiring. U.S. Leisure and Hospitality Payrolls Set to Disappoint in July A confluence of factors will weigh on the industry after an impressive rebound in May and June. LatAm Daily Briefing: COVID-19 and the Price of Populism The region is in the throes of a vicious downward spiral. A Taste of Sweden's Dismal Second Quarter GDP contracted by a record 8.6% q/q in the three months to June. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Rising Infections Limit Rebound The economy contracted in the second quarter, but there were signs of a life. U.S. Weekly Highlights and Preview, August 3, 2020 The pause and rolling back of state reopenings should hurt nonmanufacturing more than manufacturing. U.S. COVID-19 Tracker Update: Economy Sputters Risks loom for consumer spending and the labor market. This Week in the COVID Crisis Lower- and middle-income households will suffer the most if lawmakers fail to come through. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Retail Sales
Jun. 2020: 5.7%
Euro zone retail sales rose by 5.7% m/m in June and built on an upwardly revised 20.3% surge in May, bringing the yearly rate back to positive territory, showing a 1.3% gain compared with a year earlier. United States
MBA Mortgage Applications Survey
July 31: -5.1%
Mortgage applications declined 5.1% over the week of July 31, after a 0.8% decrease in the previous week. United States
ADP National Employment Report
Jul. 2020: 167,000
The labor market has hit a roadblock in its path toward recovery. United States
International Trade (FT900)
Jun. 2020: -$50.7 bil
The trade deficit narrowed for the first time since the COVID-19 crisis began. Canada
International Merchandise Trade
Jun. 2020: C$ -3.2 bil
June saw a sharp rebound in Canada's merchandise imports and exports. United States
Risk of Recession
May. 2020: 77%
The probability of the U.S. being in recession in the next six months fell from 97% in April to 77% in May. United States
ISM Nonmanufacturing Index
Jul. 2020: 58.1
Despite the surge in COVID-19 cases and states pausing or rolling back reopening plans, the ISM nonmanufacturing survey rose in July. United States
Moody’s Analytics Policy Uncertainty Index
July 31: 220.2
The four-week moving average in our U.S. policy uncertainty index slipped from 221.6 to 220.2 in the week ended July 31. United States
Oil Inventories
July 31: 518.6 mil barrels
A much larger than expected decline in oil inventories will be a plus for oil prices. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Jul. 2020: 19.2%
Demand for wholesale used vehicles was robust last month. Uruguay
Consumer Price Index
Jul. 2020: 10.1%
Uruguayan inflation decelerated again in August, marking the first month of price declines since the onset of the COVID pandemic. Argentina
Industrial Production - Advance
Jun. 2020: -6.6%
Industrial output fell 6.6% y/y in June (NSA) as the government allowed more businesses to reopen. Brazil
Monetary Policy
Aug. 2020:
Colombia
Consumer Price Index
Jul. 2020:
Philippines
GDP
2020Q2:
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