| Today's Economy
Economic Roundup: Don't Be Down on U.S. Durables The details for goods orders were better than the 0.5% headline gain would suggest. Capital Market View: Talking Taxes Neither higher corporate or capital gains taxes will significantly dent the stock market or economy. LatAm Daily Briefing: Job Market Doldrums Employers in Mexico's formal sector added a mere 88,000 workers in March, leaving total formal sector employment barely higher than in July 2018. FOMC Preview: No April Surprises, but Tapering Debate Will Heat Up There will not be any significant changes, including to the Fed's forward guidance. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: When Will Infections Subside? Our high-frequency GDP model puts annualized GDP growth in the first quarter at over 7%. U.S. Weekly Highlights and Preview, April 26, 2021 The American economy will almost surely best China’s as Chinese growth cools from a torrid pace. This Week in the COVID Crisis Global investors appear increasingly of one mind that the economy is at the start of a robust reflationary recovery, and we concur. Latin America Weekly Highlights and Preview, April 23, 2021 Mobility restrictions have returned to South America. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Industrial Production
Mar. 2021: 7.6% y/y
Singapore’s industrial production grew by 7.6% y/y in March, following a stronger 16.5% increase in February, and exceeded our expectations of 6% y/y growth over this period. United States
Durable Goods (Advance)
Mar. 2021: 0.5% m/m
U.S. durable goods orders rose 0.5% in March, weaker than our below-consensus forecast. Mexico
Economic Activity Index
Feb. 2021: -5.1% y/y
Economic activity weakened transitorily in February, affected by the acceleration of the epidemic. World
Moody's Analytics Survey of Business Confidence
April 23: 8.4
Global businesses are feeling increasingly upbeat. United States
Texas Manufacturing Outlook Survey
Apr. 2021: 37.3
Texas factory activity continued to show strong growth in April. Argentina
Retail Sales Index
Feb. 2021: -2.9% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers dropped 3% y/y in February, after -2.1% in the previous month. South Korea
GDP
2021Q1:
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