This Week's State Of The Economy - What Is Ahead? - 02 October 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Sep 29, 2020

This Week's State Of The Economy - What Is Ahead? - 02 October 2020

U.S. - Recovery Keeps Trudging Along

  • In what was a jam-packed week of economic data, the jobs report, prospects of additional fiscal stimulus and the president’s positive COVID-19 test result commanded markets’ attention.
  • Nonfarm employers added 661K jobs in September. But with layoff announcements coming from household-name companies this week, attention has already shifted to the tenuous labor market recovery ahead.
  • Personal incomes faltered in August, due almost entirely to the expiration of supplemental unemployment benefits at the end of July. Personal spending, however, eked out another gain.

 

Global - China Continues to Lead the Global Recovery

China’s economy continues to rebound from the COVID-19 shock and lead the global economic recovery. This week, the manufacturing and non-manufacturing PMIs outperformed relative to expectations, providing additional evidence of a more robust economic recovery in China.

 

Economic and Sentiment Data in India Show Life

This week, India’s manufacturing PMI recorded one of the steepest rises on record, jumping to 56.8 in September, a noteworthy rise from August. In addition, India’s current account as a percentage of GDP flipped to a surplus in Q2, the first quarterly surplus since 2005.




This Week's State Of The Economy - What Is Ahead? - 15 April 2022

What do pollen and the Consumer Price Index (CPI) have in common? Answer; both are hitting new highs. This week’s U.S. economic data was led by the largest month monthly increase in the Consumer Price Index (CPI) since September 2005.

This Week's State Of The Economy - What Is Ahead? - 23 September 2020

European activity is surging. Germany and Italy are leading the way, but France is close behind despite an ongoing rise in cases. The Google data are a bit outdated, but are hard to reconcile with today’s weak Eurozone services PMI figures.

This Week's State Of The Economy - What Is Ahead? - 17 April 2020

Economic data from the early stages of the Great Shutdown have finally arrived, and they are as bad as feared. ‘Worst on record’ is about to become an all too common refrain in our commentary.

This Week's State Of The Economy - What Is Ahead? - 22 May 2020

The re-opening of the country is getting underway, with all 50 states starting to roll back restrictions.

This Week's State Of The Economy - What Is Ahead? - 10 January 2020

The week began amid rising tensions carrying over from the U.S. killing of Iranian General Qasem Soleimani last Friday.

This Week's State Of The Economy - What Is Ahead? - 20 January 2023

The housing sector has borne the brunt of the Fed\'s efforts to slow the economy, and this week\'s data showed the industry continues to reel.

This Week's State Of The Economy - What Is Ahead? - 25 October 2019

Sales of existing homes fell 2.2% to a 5.38 million-unit pace in September, but sales and prices were still up enough in the quarter that they will add solidly to Q3 GDP growth.

This Week's State Of The Economy - What Is Ahead? - 18 March 2022

it was a big week for economic news as the Astros allowed the TWINS of all teams to sign Carlos Correa to the type of short-term deal that the Astros have historically been open to.

This Week's State Of The Economy - What Is Ahead? - 10 July 2020

The ISM non-manufacturing index jumped 11.7 points to 57.1, reflecting the broadening re-opening of the economy.

This Week's State Of The Economy - What Is Ahead? - 22 October 2021

Restrictions from a renewed COVID outbreak in China, regulatory changes weighing on local financial markets and a potential collapse of Evergrande have all contributed to a slowdown in Chinese economic activity.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2024 TC Global Commercial. All rights reserved.