Today's Economy Economic Roundup: Can China, Israel Provide Clues About U.S. Inflation? China has been reopened and Israel is leading the way on vaccinations but inflation remains muted. Europe Daily Briefing: Bank of England Holds the Line The post-Brexit trading regime drove down the euro zone's imports and exports with the U.K. LatAm Daily Briefing: Inflation Threatens Brazil The central bank responded by raising the key interest rate. India Forecast Update: Recovery Hopes Improve Domestic and external demand has been on the mend since restrictions eased. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Employment Outlook: Labor Market Ready to Take Off The February report was a harbinger of improvement in coming quarters. The Changing Role of COVID-19 in U.S. Regional Economies Revised figures confirm that the impact of outbreaks on job numbers diminished through 2020. U.S. Credit Outlook: Almost There Total balance growth will slow this year relative to a strong 2020, but the distribution of gains will be more evenly spread across products. 2021 Inflation Won’t Stick A post-lockdown spending spree in the euro zone will not last. » VIEW MORE COMMENTARY
Today's Economic Indicators
Sweden Unemployment rate Feb. 2021: 8.9% Sweden’s seasonally adjusted unemployment rate was unchanged at 8.9% in February from January. Euro Zone External Trade Jan. 2021: €6.3 bil The euro zone’s nonseasonally adjusted trade surplus in goods increased to €6.3 billion in January 2021 from €1.5 billion in January 2020. United Kingdom Monetary Policy and Minutes Mar. 2021: 0.1% The Bank of England stood pat again in March, maintaining the bank rate at 0.1%. Chile GDP 2020Q4: 0% y/y Chile’s recovery strengthened at the end of last year, despite the persistent advance of the epidemic. United States Philadelphia Fed Survey Mar. 2021: 51.8 Manufacturing activity in the Federal Reserve’s Third District skyrocketed in March. Canada ADP Canada National Employment Report Feb. 2021: -100,839 ADP Canada’s National Employment Report showed that employers shed positions in February, conflicting with Statistics Canada’s Labor Force Survey, which showed a significant rebound in positions. Canada New Housing Price Index Feb. 2021: 7.0% New house and land prices soared in February, rising at the fastest monthly pace in three decades. United States Jobless Claims March 13: 770,000 U.S. initial claims for unemployment insurance benefits are a reminder that a full recovery from this recession will take time. United States St. Louis Fed Financial Stress Index March 12: -0.66 The St. United States State and Local Government Tax Revenue 2020Q4: 7.0% y/y Growth in state tax collections decelerated in the fourth quarter of 2020 after rebounding sharply in the third quarter. Netherlands Unemployment Feb. 2021: 3.6% The unemployment rate held steady at 3.6% in February. United States Conference Board Leading Indicators Feb. 2021: 0.2% The Conference Board's Leading Economic Index increased 0.2% in February, slightly weaker than anticipated. United States Natural Gas Storage Report March 12: -11 bil cubic feet Natural gas stock declines are beginning to slow with the start of spring. Japan Consumer Price Index Feb. 2021: » VIEW MORE ECONOMIC INDICATORS |