This Week's State Of The Economy - What Is Ahead? - 12 August 2020

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Aug 15, 2020

This Week's State Of The Economy - What Is Ahead? - 12 August 2020

U.S.  - After Strong Initial Rebound, Momentum is Slowing

  • The economic recovery continued into July, though the pace is slowing. The consumer has been a bright spot in the recovery so far, but with jobless benefits in flux and no clear path for the long-awaited stimulus bill, the support here could fade.
  • Consumer prices picked up in July, but weak demand will likely keep a lid on inflation in coming months.
  • While retail sales are back above their pre-virus peak, consumer caution was evident in the July data.
  • Initial claims for unemployment came in below 1 million last week for the first time in 20 weeks. This is a marked improvement, but unemployment remains strikingly high. 

Global - Global Recovery Persists, Pace Moderates

  • After a challenging start to 2020 economies around the world are turning the corner, albeit it at varying speeds.
  • Euro zone June industrial output showed a large monthly increase, similar to a large gain in retail sales, but Q2 employment fell sharply. In China, July industrial output growth was steady while the fall in retail sales lessened.
  • Some economic regions are lagging. U.K. Q2 GDP fell more than 20% quarter-over-quarter, although activity started to improve by the end of Q2. Similarly, the rebound in activity in Mexico and Brazil remains relatively gradual so far.



This Week's State Of The Economy - What Is Ahead? - 04 December 2020

Manufacturing held up relatively well in November, despite a larger-than-expected dip in the ISM manufacturing survey. The nonfarm manufacturing survey rose slightly.

28 January 2021 Economic Outlook Report

In our recently released second report in this series of economic risks, we focused on the potential of demand-side factors to lead to significantly higher U.S. inflation in the next few years.

This Week's State Of The Economy - What Is Ahead? - 27 October 2023

The U.S. economy expanded at a stronger-than-expected pace in Q3, with real GDP increasing at a robust 4.9% annualized rate.

This Week's State Of The Economy - What Is Ahead? - 07 October 2022

higher interest rates and inflation appear to be weighing on manufacturing and construction, yet service sector activity remains fairly resilient.

This Week's State Of The Economy - What Is Ahead? - 30 July 2021

Despite a few misses on the headline numbers, economic data this week highlighted a theme of demand continuing to outstrip supply and ongoing slack in the labor market.

This Week's State Of The Economy - What Is Ahead? - 08 October 2021

September\'s disappointing employment report clearly takes center stage over this week\'s other economic reports. Nonfarm employment rose by just 194,000 jobs, as employers continue to have trouble finding the workers they need.

This Week's State Of The Economy - What Is Ahead? - 02 July 2021

We added 850,00 jobs in June, but much of that was State governments school districts in some parts of the Country reopening just in time for summer break.

This Week's State Of The Economy - What Is Ahead? - 14 February 2020

Retail sales increased for a fourth straight month in January, underscoring the resiliency of the U.S. consumer. Fundamentals are solid and support our expectations for healthy consumer spending gains in coming months.

This Week's State Of The Economy - What Is Ahead? - 10 November 2022

Relief in October inflation gives the FOMC the ability to slow the pace of rate hikes ahead. But make no mistake, the Fed\'s job of taming inflation remains far from over.

13 January 2021 Monthly Outlook Report

The U.S. economy appears to be losing some momentum as the calendar turns to 2021 and the public health situation continues to deteriorate.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

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

Copyright © 2023 TC Global Commercial. All rights reserved.