Logo
  • Email: leon@elitelntellectsnetwork.com
  • Address: Room F, 26th Floor, Phase 2, Yijing Plaza, 10 Cheung Yu Street, Sham Shui Po District, Kowloon, Hong Kong

Q4 nowcast rises as industrial production offsets job losses

NEWS ALL

CONTACT US
SEND MAIL

SEND MAIL

Mail: leon@insightestuary.com

The EIU nowcast for US real economic growth in Q4 2020 improved to 1.73% (quarter-on-quarter) last week, compared with 1.67% during the week ending 1st January.

  • The industrial production index and capacity utilization in the industrial sector improved to 105.70 and 74.50 respectively for the month of December 2020 — offsetting the marginal fall in retail sales for December 2020.

  • Retail sales and food services fell marginally by 0.68% (month-on-month) for December 2020 compared with the month of November. 

  • The empire state manufacturing survey diffusion index weakened to 3.50 for January 2021 against 4.90 in December 2020.

  • University of Michigan’s consumer sentiment indicator fell marginally to 79.2 for January 2021 against 80.70 for the month of December 2020.

  • Initial claims for unemployment insurance rose to 965,000 in the second week of January, up from 784,000 claims the previous week.

  • To get the full background to our EIU Nowcast, view our methodology and FAQs page or contact us using the form below.

Data releases (last week)

IndicatorsReference PeriodLatest dataPrevious data
Retail Sales & Food Services (SA, Mil.$)Dec (20’)540915.00544641.00
Industrial Production Index (SA, 2012=100)Dec (20’)105.70104.10
Capacity Utilization: Industry (SA, Percent of Capacity)Dec (20’)74.5073.40
University of Michigan: Consumer Sentiment (NSA, Q1-66=100)Jan (21’)79.2080.70
University of Michigan: Current Economic Conditions (NSA, Q1-66=100)Jan (21’)87.7090.00
University of Michigan: Consumer Expectations (NSA, Q1-66=100)Jan (21′)73.8074.60
Empire State Manufacturing Survey, Seasonally adjusted diffusion indexJan (21’)3.504.90
Unemployment Insurance: Initial Claims, State Programs (SA, Thous)Jan (21’)965.00784.00

Data releases (current week)

IndicatorsReference PeriodRelease Date
US Markit PMI: Manufacturing [Latest Estimates incl Flash]  [Flash] (SA, 50 +=Expansion)Jan (21’)21st Jan 2021
US PMI: Svcs Business Activity Index [Flash] [Latest Est incl Flash](SA, 50+=Expansion)Jan (21’)21st Jan 2021
New Pvt Housing Units Authorized by Building Permit (SAAR, Thous. Units)Dec (20’)21st Jan 2021
Housing Starts (SAAR, Thous. Units)Dec (20’)21st Jan 2021
Unemployment Insurance: Initial Claims, State Programs (SA, Thous)Jan (21′)7th Jan 2021

Contact us

To find out more about The EIU’s Nowcasting capabilities, fill in the form below and a member of our team will contact you.

From time to time, we would like to contact you with relevant updates, newly released content, events or special offers from The Economist Group.

By submitting this form, you are agreeing to receive information from Economist Intelligence. At any point you can update your preferences or unsubscribe from communications by clicking the link(s) at the bottom of our emails. Further information about our terms of use and privacy policy can be found here.


Go To Top