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

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Oct 14, 2020

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

Key takeaways from this week (Google data through October 9, Apple data through October 12) 

  • The global mobility playing field is equalizing. Major European countries such as Germany and France have seen a slowdown in recent weeks, leaving them right in line with the United States relative to the January baseline. France, Germany and Italy, along with many of their neighbors, have implemented varying degrees of restrictions on large group gatherings, travel and bars, all of which seem to be having a negative impact on retail and recreation activity.
  • The United Kingdom’s negative gap is widening. U.K. retail and recreation activity has consistently lagged behind most other major developed economies this year. In recent weeks, that U.K. underperformance has continued and even worsened. Recent news that the U.K. is considering more restrictive measures, including closing pubs that do not serve food and other recreation sites, is unlikely to help.
  • The United States continues to muddle through. U.S. retail and recreation activity has been essentially stuck roughly 15% below the January baseline since mid-June. The country’s largest states are all showing the same flatlining pattern, although there has been a slight ticking lower in New York relative to Florida, California and Texas.



This Week's State Of The Economy - What Is Ahead? - 01 December 2023

U.S. data released this week indicates the economic expansion remains alive even as inflation continues to slow. The year-ago rates of headline and core PCE inflation were the lowest since March 2021 and April 2021, respectively.

This Week's State Of The Economy - What Is Ahead? - 22 April 2022

I’ll wish you a Happy Earth Day anyway. Don’t expect a card this year. While the Earth continues to thankfully revolve at a steady rate, rising mortgage rates appear to be slowing residential activity

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.

This Week's State Of The Economy - What Is Ahead? - 13 November 2020

The combination of the election outcome and a workable vaccine boosted financial markets and set the background music for this week’s short list of indicators.

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

Treasury yields surged this week due to strong economic activity, impacting expectations for longer-term rates. New home sales led to a rise in single-family permits, but spiking mortgage rates are testing builder affordability strategies.

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? - 30 October 2020

Real GDP jumped a record 33.1% during Q3, beating expectations. A 40.7% surge in consumer spending drove the gain.

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.

This Week's State Of The Economy - What Is Ahead? - 24 April 2020

Oil prices went negative for the first time in history on Monday as the evaporation of demand collided with a supply glut. In the past five weeks, 26.5 million people have filed for unemployment insurance, or more than one out of every seven workers.

This Week's State Of The Economy - What Is Ahead? - 22 March 2024

During February, existing home sales and housing starts both topped expectations and rose at robust rates. Meanwhile, initial jobless claims have remained subdued so far in March.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

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

Copyright © 2025 TC Global Commercial. All rights reserved.