| Today's Economy
Economic Roundup: U.S. Manufacturing Is on a Roll The ISM manufacturing index jumps to its highest level since 1983. Closing the U.S. Tax Refund Gap Refunds have picked up and are only slightly behind that seen over the past five years. Final Thoughts Ahead of March U.S. Employment We look for a 965,000 net gain in employment, which is well above the consensus. LatAm Daily Briefing: Recovering Output It will take years for Mexico's output to fully reach its production capacity. » VIEW MORE TODAY'S ECONOMY
Commentary
The Macroeconomic Consequences of the American Jobs Plan The biggest boost to spending goes to traditional infrastructure, including transportation projects, and to shore up the nation’s crumbling water and power infrastructure. Asia-Pacific Weekly Highlights and Preview: 2 April, 2021 Australia's growth momentum should largely hold up over the next few quarters. Output Gap Extracted From Full Employment We run our methodology for main countries in N. America, Europe, the Asia-Pacific region and Africa. Greening the Bank of England’s Mandate The central bank could incorporate climate change into its purchase of corporate bonds. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Consumer Price Index
Mar. 2021: -0.2%
The Swiss CPI fell by 0.2% y/y in March after dropping by 0.5% in February. Germany
Retail Sales
Feb. 2021: 1.2%
German retail sales excluding motor vehicles rose by 1.2% m/m in February, following a downwardly revised 6.5% decline in the previous month. Chile
Monthly Economic Activity Indicator
Feb. 2021: -2.2% y/y
Economic activity in Chile reported an annual contraction in February, though it advanced in monthly terms. United States
Challenger Report
Mar. 2021: 30,603
Job cut announcements declined for the second month in a row in March, dropping from 34,531 in February to 30,603 in March, the lowest monthly total since mid-2018. Brazil
Industrial Production
Feb. 2021: 2.8% y/y
Industrial production moderated a little further in February as the epidemic advanced and restrained mobility. United States
Jobless Claims
March 27: 719,000
U.S. initial claims for unemployment insurance benefits increased by 61,000 to 719,000 in the week ended March 27. Canada
Building Permits
Feb. 2021: 2.1%
A surge of new intentions for nonresidential construction pushed the total value of building permits to an all-time high in February. United States
Construction Spending (C30)
Feb. 2021: -0.8% m/m
U.S. construction outlays in February declined 0.8% from January but were 5.3% above their year-ago level. United States
St. Louis Fed Financial Stress Index
March 26: -0.70
The St. United States
ISM Manufacturing Index
Mar. 2021: 64.7
Signs that the U.S. economy is set to take off are becoming increasingly visible as the ISM manufacturing survey jumped in March and is at its highest since the early 1980s. United States
Natural Gas Storage Report
March 26: 14 bil cubic feet
Last week’s build in natural gas stocks roughly matched analyst predictions, so this report will do little to sway gas prices in either direction. Peru
Consumer Price Index
Mar. 2021: 2.6% y/y
Inflation in the Lima metropolitan area came in hot in March. Russian Federation
GDP
2020Q4: -1.8% y/y
Russian GDP outperformed consensus expectations in the fourth quarter of 2020. Brazil
Foreign Trade
Mar. 2021: US$1.482bil
The trade account remained in positive territory in March as the value of exports advanced a little further. South Korea
Consumer Price Index
Mar. 2021:
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