By the numbers: The economy this week
Update for October 19, 2020 | Download PDF
Highlights of key economic statistics from last week compiled by Putnam Investments.
- The Producer Price Index for final demand increased 0.4% in September, the Bureau of Labor Statistics found.
- The CPI and core CPI both rose 0.2% in September, the Bureau of Labor Statistics stated.
- Retail sales increased 1.9% in September, according to an advance report from the Census Bureau.
- Initial jobless claims reached 898,000 in the week ended October 10, 2020, the Department of Labor announced.
- As of October 8, 2020, of 22 S&P 500 companies reporting third-quarter earnings, 19 beat analysts’ estimates, according to S&P Dow Jones Indices.
- The University of Michigan’s preliminary index of consumer sentiment rose to 81.2 in October from 80.4 in September.
- The NFIB Small Business Optimism Index improved in September.
- Eurostat reported that euro area industrial production rose 0.7% in August compared with July.
- The ZEW Indicator of Economic Sentiment for Germany declined in October.
- Germany’s Federal Statistical Office reported that wholesale prices fell 1.8% year over year in September.
- The yield on the 10-year Treasury note declined.
- A slowdown in the pace of mobility gains globally due to regional virus case spikes will continue to act as a drag on economic recovery.
- The liquidity-fueled recovery in risk assets will at some point need to resolve with the pace of recovery in fundamentals, and the latter may happen over a longer horizon than hoped.
- The possibility of a "blue wave" in the U.S. November election, with Democrats winning control of the House, Senate, and Presidency, could mean a future rollback of corporate tax cuts.
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All economic and performance information is historical and does not guarantee future results. The views and opinions expressed are those of Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.
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