Today's Economy Economic Roundup: Winter's Not Chilling U.S. Manufacturing A solid ISM manufacturing survey in January, but supply disruptions are pushing prices higher. LatAm Daily Briefing: Brazil's Formal Sector Disconnect The state of the labor market is not nearly as bleak as the November labor force survey suggests. Europe Daily Briefing: Manufacturing PMIs Hold Ground Euro zone unemployment held steady in December, but that's no reason to cheer. Asia-Pacific Daily Briefing: South Korean Exports Rise Despite Virus Key industries are performing well. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Risk Matrix Update: Here We Go Again Negotiations continue about the next round of fiscal relief. This Week in the COVID Crisis A bipartisan compromise on the next fiscal stimulus would ensure that support gets to the economy quickly. U.S. Weekly Highlights and Preview: February 1, 2021 We look for nonfarm employment to have risen in January. U.S. Economic Implications of Biden’s Executive Orders The new president's actions are numerous, but their short-run effects will be modest. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Vehicle Sales - BEA Jan. 2021: Germany Retail Sales Dec. 2020: -9.6% Real, calendar and seasonally adjusted retail sales excluding motor vehicles plummeted by 9.6% m/m in December, following a downwardly revised 1.1% gain in November. Italy Unemployment Dec. 2020: 9.0% Italy's employment situation worsened again in December, offsetting improvements since last July. United States CreditForecast.com Household Credit Report Jan. 2021: 3.82% T Euro Zone Unemployment Dec. 2020: 8.3% The euro zone’s seasonally adjusted unemployment rate was unchanged from the previous month in December, at 8.3%. Chile Monthly Economic Activity Indicator Dec. 2020: -0.4% Chile’s economic activity ended the year in positive territory, in monthly terms, as the reopening continued. United States Construction Spending (C30) Dec. 2020: 1.0% Total U.S. construction put in place slightly outperformed the consensus expectation of 0.9% in December, rising 1% on the month. World Moody's Analytics Survey of Business Confidence January 29: -4.1 Global businesses remain anxious over the pandemic. United States ISM Manufacturing Index Jan. 2021: 58.7 The U.S. economy has slowed this quarter, but manufacturing is holding up well, and this should continue through the winter. Peru Consumer Price Index Jan. 2021: 2.7% Inflation in the Lima metropolitan area spiked to 2.7% in January on a year-ago basis, driven by a surge in food and beverage prices. Brazil Foreign Trade Jan. 2021: -$1.1 bil Brazil’s trade balance registered a deficit of $1.1 billion in January, a slimmer margin than both our forecast and the consensus. United States Senior Loan Officer Opinion Survey 2021Q1: 5.5% According to the Senior Loan Officer Opinion Survey, banks continue to tighten lending practices as the U.S. economy struggles. South Korea Consumer Price Index Jan. 2021: » VIEW MORE ECONOMIC INDICATORS |