| Today's Economy
Europe Daily Briefing: First Quarter GDP Sluggish The pandemic and declines in private consumption were to blame everywhere. Asia-Pacific Daily Briefing: Japan's Industrial Production Holds Up China's PMI slid a notch in May, while South Korea's data were a mixed bag. Memorial Day Holiday Our U.S. offices are closed Monday, May 31, in observance of Memorial Day. We will return Tuesday, June 1. Economic Roundup: PCE Pops While Fiscal Hangover Hits Incomes, Spending The PCE deflator is up 2% annualized over the past two years, which isn't going to worry the Fed. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 28 May, 2021 Across the euro zone, unemployment likely held steady at 8.1% in April. Macro Roundup: Taiwan’s Woes The export outlook remains upbeat, helping absorb renewed weakness in domestic demand. Latin America Weekly Highlights and Preview, May 28, 2021 Brazil’s economy likely advanced 2.2% y/y in the first quarter despite the pandemic’s swelling third wave. Asia-Pacific Weekly Highlights and Preview: 28 May, 2021 Central banks in India and Australia are set to keep policy settings steady. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Retail Sales
Apr. 2021: 9.3%
Japan
Consumer Confidence
May. 2021: 34.1
Japan's consumer confidence declined for the second straight month to 34.1 in May, down 0.6 point from the previous month. Denmark
GDP
2021Q1: -1.3%
Denmark
Unemployment rate
Apr. 2021: 4.6%
Denmark's labor market took a small step back in April. Austria
Employment and the Labour Market
Apr. 2021: 8.6%
The Austrian labor market took another step forward in April after stalling during the winter lockdowns. Austria
GDP
2021Q1: -1.1%
Austria's economy contracted again in the first quarter, underlining the precarious situation. Portugal
GDP
2021Q1: -5.4%
Portugal’s economy contracted by 5.4% year on year in the first quarter, after a 6.1% contraction in the fourth. Chile
Employment
Apr. 2021: 10.2%
The national unemployment rate averaged 10.2% in the February-April rolling quarter, down from a 2020 peak of 13.1%, but still up from 9% a year earlier. India
GDP
2021Q1: 1.6% y/y
India’s real GDP came in slightly above expectations in the fourth quarter of the Indian fiscal year ending in March, at 1.6% y/y, and yearly estimates now point to a 7.3% contraction in the 2020-21 fiscal year. Canada
Balance of International Payments
2021Q1: C$1.2 bil
Canada’s current account posted a C$ 1.2 billion surplus in the three months to March, partially making up for the C$ 5.3 billion deficit posted in the previous quarter. Canada
Industrial Product and Raw Materials Price Indexes
Apr. 2021: 1.6%
Producer prices recorded their fifth consecutive rise in April. Belgium
GDP
2021Q1: 1.0%
Chile
Manufacturing Production
Apr. 2021: 5.85% y/y
Chile
Retail & Wholesale Sales
Apr. 2021: 33.3% y/y
South Korea
Foreign Trade
May. 2021:
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