Today's Economy Economic Roundup: U.S. Manufacturing Holding Up Well ISM manufacturing index beats expectations in December. Severe U.S. Service-Employment Decline Bucks History An effective vaccination effort could result in a speedy recovery for hard-hit jobs that rely on in-person interaction. LatAm Daily Briefing: Facing the Second Wave The recent trend in COVID-19 infections poses a big risk to the economic recovery. U.S. Fiscal Outlook Hinges on Georgia’s Senate Runoffs Tuesday will put to bed the 2020 election cycle, with potential consequences for the baseline forecast. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: A Dim Ending to a Dark Year The economy entered the new year still struggling under the weight of the pandemic. U.S. COVID-19 Tracker Update: Vaccinations Are Behind Schedule Until the vaccines are widely distributed, the economy will struggle. EU-China Investment Agreement Is a Win-Win Significant provisions create a more level playing field for European Union companies. Pandemic Dramatically Alters U.S. Spending Patterns Some long-running trends were reversed, others accelerated. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States CoreLogic Home Price Index Nov. 2020: 8.2% The CoreLogic Home Price Index rose 1.1% in November from the previous month and advanced 8.2% year over year. Germany Retail Sales Nov. 2020: 1.9% Real, calendar and seasonally adjusted retail sales excluding motor vehicles rose unexpectedly in November, despite the second lockdown. Germany Unemployment Dec. 2020: 6.1% The German unemployment rate remained unchanged at 6.1% in December for the second consecutive month. United States Semiconductor Billings Nov. 2020: 1.0% Global sales of semiconductors increased for the fifth consecutive month in November, totaling $39.4 billion. Canada Industrial Product and Raw Materials Price Indexes Nov. 2020: -0.6% Producer prices moved down for the third consecutive month in November after five straight months of gains in the wake of the COVID-19 pandemic. United States Moody's Analytics Used Vehicle Price Indexes Dec. 2020: 13.9% U.S. used-vehicle demand is cooling. United States ISM - NY Report Dec. 2020: 61.3 After a troubling November ISM-New York Report on Business, last month’s results provide some reassurance about New York City’s economic trajectory. United States ISM Manufacturing Index Dec. 2020: 60.7 The U.S. economy has slowed this quarter but manufacturing is holding up well, and this should continue through the winter. United States Moody’s Analytics Policy Uncertainty Index January 01: 327.5 The four-week moving average in our U.S. policy uncertainty index fell from 330.5 to 327.5 in the week ended January 1. Australia Datium Insights - Moody’s Analytics Used Vehicle Price Index Dec. 2020: 35.2% Demand for wholesale used vehicles remains high in Australia. United States Monthly GDP Nov. 2020: 0.3% We were a little surprised that U.S. monthly GDP rose in November, but digging deeper, the gain was mostly attributed to a build in inventories. Uruguay Consumer Price Index Dec. 2020: 9.4% Annual inflation came in at 9.4% in December, down from 9.6% in November. Colombia Consumer Price Index Dec. 2020: » VIEW MORE ECONOMIC INDICATORS |