this-week-s-state-of-the-economy---what-is-ahead---07-august-2020

This Week's State Of The Economy - What Is Ahead? - 07 August 2020

Date: 11 August, 2020 | By : 

Global - Global Economy Continues to Recoup Lost Ground

  • There were more signs of global recovery this week and PMI surveys improved further across the world. Indeed, the global manufacturing and services PMIs rose above the break even 50 level, suggesting the global economy has returned to positive growth in Q3.
  • The Euro zone economy showed increased momentum in June as retail sales returned to pre-pandemic level and industrial output rose for the region’s four largest economies. We expect that improved Euro zone momentum carried into Q3. Meanwhile, the recovery is slower in Latin America, where Brazil and Mexico both still appear to be contracting.

 

U.S. - Service Elevator

  • Despite rising virus case counts in July, unexpected strength in the service sector was evident in the economic data this week.
  • The better-than-expected July jobs report was driven primarily by hiring in the service sector, which accounted for 1.42 million of the overall 1.76 million jobs added in the month.
  • The ISM index for the service sector was arguably the biggest economic surprise of the week climbing to 58.1 with some sub components reaching multi-year highs.
  • It remains a long road to recovery and the virus still sets the timetable, but numbers moved in the right direction this week.

 

 

Download Full Report

--------------------------------------------------------------------------

Subscribe To Our Newsletter

85 AC Lot Off SH-288 At FM 1462 | 1.5 Acres on 14329 Main St (ALT 90), Houston, TX 77035  | 6 Acres land at 1539 Lawson Rd, Rosharon, TX 77583 |   Meadow Park Tower For Sale in Dallas | Wholesale Price Cleaners For Sale in Houston

12910-12918 Malcomson For Sale in Cypress | 12910-12918 Malcomson For Lease in Cypress

Retail Center For Sale - Texas | Multifamily Land Properties For Sale - Texas | Commercial Land Properties For Sale - Texas | Office Building For Sale - Texas | Retail Center Space For Lease - Texas| Property For Sale | Property For Lease | Hire Us For Commercial Real Estate Service

Commercial Property Dallas | TC Global Commercial Real Estate  

Blog Search

Signup! It's free

* indicates required

Blog Categories