| Tuesday, December 22, 2020 |
| Today's Economy
Economic Roundup: Surging COVID-19 Hits U.S. Consumer Sentiment Consumer confidence index drops in December, but there's no change to the spending forecast. Why We Have a Different View of Where the U.S. Unemployment Rate Is Headed An increase in the labor force participation rate next year will keep the unemployment rate high. Don’t Sweat the Dip in U.S. Existing-Home Sales Sales are still among the strongest since 2006, and lean inventories aren't hurting too much. Europe Daily Briefing: German Consumer Sentiment Falters Tightened social distancing measures in Germany send consumers back into saving mode. » VIEW MORE TODAY'S ECONOMY
Commentary
Canada Risk Matrix Update: New Year, New Risks Vaccine approvals reduced the greatest risks for the Canadian economy, but new risks are appearing. Asia's Vaccine Procurement The situation is fluid, with many countries pursuing various approaches. U.S. Weekly Highlights and Preview: December 21, 2020 Consumer confidence and home sales highlight a holiday-shortened week. Replacing Libor in the Global Macroeconomic Model Our methodology for finding a suitable economic replacement. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
GDP - Quarterly
2020Q3: 16%
Final numbers showed that U.K. Canada
Earnings, Hours and Employment
Oct. 2020: 5.9%
The number of employees receiving pay or benefits from their employer pushed higher in October by 1.2%, reaching 183,700 in level terms, according to the Survey of Employment, Payrolls and Hours. United States
GDP
2020Q3: 33.4%
The pandemic has created unprecedented volatility in U.S. United States
Industry GDP
2020Q3: 32.0 ppt, SAAR
Private industries added 32 percentage points to third-quarter GDP growth and gains were broad-based. United States
Philadelphia Fed Nonmanufacturing Survey
Dec. 2020: 5.6
The Philly Fed's nonmanufacturing survey indicates that economic activity in the Third District remained subdued in December. United States
Risk of Recession
Oct. 2020: 27%
The probability of the U.S. being in recession in the next six months fell from 31% in September to 28% in October. United States
Richmond Fed Manufacturing Survey
Dec. 2020: 19
Factory activity accelerated in the Richmond Federal Reserve District in December, according to the Fifth District Survey of Manufacturing Activity. United States
Conference Board Consumer Confidence
Dec. 2020: 88.6
U.S. consumers turned more pessimistic in December as another wave of confirmed COVID-19 cases has delivered a blow to the labor market. United States
Existing-Home Sales
Nov. 2020: 6.69 mil
Existing-home sales dropped 2.5% in November to 6.69 million units annualized, snapping their five-month winning streak, but are still hovering near their most elevated level since spring 2006. » VIEW MORE ECONOMIC INDICATORS |
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