| Today's Economy
Economic Roundup: Where's the Tylenol? Trump throws wrench in stimulus agreement while there was a flurry of U.S. economic data. Which States Struggled in November? Trends in hospital strain showed strong correlation with November employment growth. Q4 U.S. GDP Looks a Little Lighter The composition of growth is also shifting as rebuilding inventories will provide a big boost. LatAm Daily Briefing: New Wave Threatens Uruguay's Recovery The economy bounced back in the third quarter, but COVID-19 is a downside risk. » 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
Thailand
Monetary Policy
Dec. 2020: 0.5%
The Bank of Thailand kept its benchmark interest rate unchanged at 0.5% during its scheduled meeting in December. Spain
GDP
2020Q3: -9.0%
Spain's economy contracted by 9% y/y in the third quarter after plunging 21.6% y/y during the prior three months. United States
MBA Mortgage Applications Survey
December 18: 0.8%
Mortgage applications rose by 0.8% in the week of December 18 after increasing by 1.1% in the previous week. United States
Personal Income
Nov. 2020: -1.1%
Personal income fell in November, shrinking 1.1%. United States
PCE Deflator
Nov. 2020: 0.0%
The recent surge in confirmed COVID-19 cases and state and local governments tightening restrictions is disinflationary. United States
Personal Spending
Nov. 2020: -0.4%
Real consumer spending fell in November for the first time since April as increased infections drove the reintroduction of restrictions on activity and a greater reluctance on the part of consumers to go out and spend. United States
Jobless Claims
December 19: 803,000
U.S. initial claims for unemployment insurance are improving again. United States
Durable Goods (Advance)
Nov. 2020: 0.9%
U.S. manufacturing is weathering the current surge in COVID-19 cases and tighter restrictions fairly well. Canada
Industry Output
Oct. 2020: 0.4%
Canada’s economic growth slowed further in October. Mexico
Economic Activity Index
Oct. 2020: -5.3%
Mexico’s economic activity continued to advance in monthly terms in October, pulled up by industry and services. United States
FHFA Purchase-Only House Price Index
Oct. 2020: 10.2%
The Federal Housing Finance Agency Purchase-Only House Price Index hit double-digit growth for the first time in over a decade, rising 10.2% on a year-ago basis and 1.5% on a monthly basis in October. United States
University of Michigan Consumer Sentiment Survey
Dec. 2020: 80.7
U.S. consumer sentiment surprisingly rose 3.8 points in December despite the surge in COVID-19 infections and increased restrictions on activity. United States
New-Home Sales
Nov. 2020: 841,000
The U.S. housing market was red hot, but the new-home market has cooled a little. United States
Oil Inventories
December 18: 499.5 mil barrels
A smaller than expected decline in oil inventories will weigh on oil prices. United States
Moody’s Analytics Policy Uncertainty Index
December 18: 337.9
The four-week moving average in our U.S. policy uncertainty index fell from 349.8 to 337.9 in the week ended December 18. United States
Natural Gas Storage Report
December 18: -152 bil cubic feet
The draw in natural gas inventories fell short of analyst expectations, suggesting that this report will weigh down on prices somewhat. » VIEW MORE ECONOMIC INDICATORS | 