| Today's Economy
Economic Roundup: As Economy Reopens, U.S. Retail Sales Could Struggle There will likely be a significant shift away from goods spending in favor of services. New COVID-19 Cases to Weigh on Singapore's Economy There are bright spots, since new opportunities have come with the rise in demand for online sales and services. Capital Market View: See Inflation, Expect Inflation Rising prices at the pump boost consumers inflation expectations, but it's unlikely to stick. Canada Weekly: Labor Supply and Demand Despite poor performance in April, both supply and demand for labor are on the upswing. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, May 14, 2021 Trade is a rare bright spot in the region's pandemic-strewn economic landscape. Europe Weekly Highlights and Preview, 14 May, 2021 The ECB and BoE have consistently stated that they will not be lifting rates this year, and we believe them. Asia-Pacific Weekly Highlights and Preview: 14 May, 2021 Japan's exports can't buoy soft domestic demand. China Census Highlights Demographic Challenges The dwindling working-age population, rising old-age dependency ratio, and falling fertility rate pose the greatest threats to long-term growth. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland
Consumer Price Index
Apr. 2021: 2.1%
Finland’s headline CPI accelerated to 2.1% y/y in April from 1.3% in March, its strongest since 2016. Spain
Consumer Price Index
Apr. 2021: 2.2% y/y
Spain's consumer price index rose by 2.2% in yearly terms in April, after a 1.3% gain in March. Hong Kong SAR (China)
GDP
2021Q1: 7.8%
Hong Kong rebounded strongly in the first quarter, with GDP growing by 5.3% q/q SA, according to advance estimates, or 7.8% y/y. United States
Retail Sales
Apr. 2021: 0.0%, m/m
Retail sales held on to their March gains in April. United States
Import and Export Prices
Apr. 2021: 0.7% m/m
The U.S. is importing some inflation but this should be temporary, as supply-chain disruptions because of the pandemic will eventually be resolved. Canada
Survey of Manufacturing
Mar. 2021: 3.5%
Manufacturing bounced back in March from its jog downward in February. Canada
New Motor Vehicle Sales
Mar. 2021: 83.0%
Total new-vehicle sales increased by 50.4% from February to March, and by 83% from a year earlier. Canada
Wholesale Trade
Mar. 2021: 2.8%
Wholesale sales bounced back in March, providing evidence that the goods economy is maintaining solid momentum. India
Foreign Trade
Apr. 2021: -US$15.1 bil
India's foreign trade deficit widened again in the first month of the new fiscal year, hitting $15.1 billion in April from $13.93 billion in March. Peru
Monetary Policy
May. 2021: 0.25%
The Central Reserve Bank of Peru kept the benchmark interest rate unchanged at 0.25% in its May meeting. Peru
Unemployment
Apr. 2021:
United States
Moody’s Analytics & CNN Business Back-to-Normal Index
May 12: 88.5
The Moody’s Analytics & CNN Business Back-to-Normal Index continues to improve. United States
Industrial Production
Apr. 2021: 0.7% m/m
The April U.S. economic data have been softer than March, which benefited from weather-related payback. United States
Business Inventories (MTIS)
Mar. 2021: 0.3% m/m
Business inventories increased in March. United States
University of Michigan Consumer Sentiment Survey
May. 2021: 82.8
U.S. consumer sentiment unexpectedly dropped sharply in May, more than reversing its April gain, as inflation fears jumped. United States
Moody's Analytics Inflation Expectations Pulse
May 07: 1.98%
Inflation expectations kept on an even keel at 2% in the week ended May 9, 2021, according to the Moody’s Analytics Inflation Expectations Pulse. Colombia
GDP
2021Q1: 1.1% y/y
The Colombian economy expanded 1.1% y/y in the first quarter after falling 3.6% in the previous quarter. » VIEW MORE ECONOMIC INDICATORS | 