| Today's Economy
Economic Roundup: U.S. Economy Off to Good Start We may need to revise our forecast higher for this year but not because of Biden's address. LatAm Daily Briefing: Intensifying Pandemic Limits Mobility The region hit a record-high 130,000 new COVID-19 cases in the first three weeks of April. U.S. Baseline Forecast Unchanged After Biden Address Fiscal policy took center stage in the President's speech, but nothing was said to alter our assumptions. Fiscal Stimulus Leaves Its Mark on Q1 U.S. GDP Growth was 6.4% at an annualized rate, another big step in closing the output gap. » VIEW MORE TODAY'S ECONOMY
Commentary
The U.S. Used-Vehicle Market Is Revved Up Prices were up 28.8% on a year-over-year basis in March. For U.S. Regional Economies, March Was the Same, but Different COVID-19 still influenced monthly growth, but vaccine uptake is having a positive effect. U.K. Mortgage Market Expectations: A Midsummer Night's Dream or Nightmare? We assess the impact of the COVID-19 pandemic on a representative mortgage portfolio. U.S. Consumers Could Spend Excess Saving Fast The money is available. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Unemployment
2021Q1: 16.0%
Spain’s unemployment rate inched down to 16% in the three months to March from 16.1% in the previous quarter. Austria
Employment and the Labour Market
Mar. 2021: 9.3%
Austria's labor market continued to pick up steam in March. Germany
Unemployment
Apr. 2021: 6.0%
Germany’s seasonally adjusted unemployment rate held steady for the fourth consecutive month at 6% in April. Euro Zone
Business and Consumer Sentiment
Apr. 2021: 110.3
The euro zone’s economic sentiment indicator jumped to a reading of 110.3 in April from 101 in March. Portugal
Retail Sales
Mar. 2021: -0.1%
The year-on-year decline in Portuguese retail sales decelerated substantially in March, with retails sales down 0.1% y/y compared with February’s drop of 14.3%. United States
Jobless Claims
April 24: 553,000
U.S. initial claims for unemployment insurance benefits fell from a revised 566,000 (previously 547,000) to 553,000 in the week ended April 24. United States
GDP
2021Q1: 6.4%, q/q, SAAR
U.S. Canada
Earnings, Hours and Employment
Feb. 2021: 9.0%
Payroll employment increased by 0.3% in February, representing a 43,400 upward level term shift. United States
Pending Home Sales
Mar. 2021: 111.3
The NAR pending home sales index inched up 1.9% to 111.3 in March, slightly rebounding from February, but is still hovering near its level reached last summer. United States
St. Louis Fed Financial Stress Index
April 23: -0.81
The St. United States
Natural Gas Storage Report
April 23: 15 bil cubic feet
Last week’s increase in natural gas inventories was a hair over analyst expectations, suggesting that this report will have a small negative effect on gas prices. Singapore
GDP - Advanced
2021Q1:
South Korea
Industrial Production
Mar. 2021:
South Korea
Retail Sales
Mar. 2021:
Japan
Employment Situation
Mar. 2021:
Japan
Industrial Production
Mar. 2021:
China
Manufacturing PMI
Apr. 2021:
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