The EIU nowcast for the US economy for Q4 2020 weakened to 1.67% (quarter-on-quarter) as of last week, compared with 1.99% during the week ending 18th December.
For the month of November, exports improved by 0.83% (month-on-month), while imports improved by 2.64% (month-on-month) against October.
The MNI-Chicago business barometer increased to 59.5 in December 2020, beating the market expectations.
Consumer confidence index from the Consumer Board declined to 88.6 in December 2020. Consumer confidence present situation decreased sharply to 90.3 against 105.9 for November. However, consumer expectations improved to 87.5 against 84.3 for November.
Initial claims for unemployment insurance fell to 787,000 in the fourth week of December.
To get the full background to our EIU Nowcast, view our methodology and FAQs page or contact us using the form below.
Indicators Reference Period Latest data Previous data Exports, f.a.s.: Goods [Flash] (SA, Mil.$) Nov (20’) 127218.90 126165.50 Imports, Customs Value: Goods [Flash] (SA, Mil.$) Nov (20’) 212039.00 206582.60 MNI-Chicago Report: Business Barometer Index (SA, 50+ = Econ Growth) Dec (20’) 59.50 58.20 Conference Board: Consumer Confidence (SA, 1985=100) Dec (20’) 88.60 92.90 Conference Board: Consumer Confidence Present Situation (SA, 1985=100) Dec (20’) 90.30 105.90 Conference Board: Consumer Expectations (SA, 1985=100) Dec (20′) 87.50 84.30 Unemployment Insurance: Initial Claims, State Programs (SA, Thous) Dec (20’) 787.00 716.00
Indicators Reference Period Release Date US Markit PMI: Manufacturing [Actual] [Latest Estimates incl Flash] (SA, 50 +=Expansion) Dec (20’) 4th Jan 2021 ISM Mfg: PMI Composite Index (SA, 50+ = Econ Expand) Dec (20’) 5th Jan 2021 US PMI: Svcs Business Activity Index [Actual] [Latest Est incl Flash](SA, 50+=Expansion) Dec (20’) 6th Jan 2021 Manufacturers’ New Orders: Durable Goods [Actual] (SA, Mil.$) Nov (20’) 6th Jan 2021 Manufacturers’ Inventories: Durable Goods [Actual] (EOP, SA, Mil.$) Nov (20’) 6th Jan 2021 Manufacturers’ Unfilled Orders: Durable Goods v (EOP, SA, Mil.$) Nov (20’) 6th Jan 2021 ADP Nonfarm Private Payroll Employment (SA Change, Thous.) Dec (20’) 6th Jan 2021 ISM Non Manufacturing : NMI Composite Index (SA, +50=Increasing) Dec (20’) 7th Jan 2021 Exports, f.a.s.: Goods [Actual] (SA, Mil.$) Nov (20’) 7th Jan 2021 Imports, Customs Value: Goods [Actual] (SA, Mil.$) Nov (20’) 7th Jan 2021 Unemployment Insurance: Initial Claims, State Programs (SA, Thous) Jan (20’) 7th Jan 2021 Change in Nonfarm Payrolls excluding the Effect of Strikes (SA, Thous) Dec (20’) 8th Jan 2021
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