Today's Economy Economic Roundup: U.S. Residential Investment, Labor Market Slow Housing starts dropped in January but rising permits are a reason not to fret. LatAm Daily Briefing: Shock Treatment Matters Brazil has managed economic crises in a much better way than Mexico. Europe Daily Briefing: Sweden's Q4 Savings Hit Record High Precautionary saving remains high in Sweden amidst the ongoing pandemic. Asia-Pacific Daily Briefing: Australia’s Employment Improves Further The labour market is performing well, but plenty of risks abound. » VIEW MORE TODAY'S ECONOMY
Commentary Breakaway U.S. Inflation Isn't in the Cards Inflation will enjoy a pop in early 2021, but the bigger question is its trajectory after that. German Manufacturing Not Out of the Woods The auto industry is taking a beating from all sides. Urban Labor Markets Lose Ground A review of U.S. household survey data from last year reveals the degree to which cities underperformed. U.S. Credit Outlook: Markets Move Higher Mortgage lending has soared as the nonmortgage market shrank. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Moody's CMBS Delinquency Tracker Jan. 2021: 7.54% The Moody’s Delinquency Tracker total delinquency rate held steady at 7.54% in January. The main reason the delinquency rate remained unchanged and did not worsen further was due to continued forbearance and other temporary loan modifications. Belgium Consumer Price Index Jan. 2021: 0.26% Belgium's consumer price index inched ahead in January, but the pace slowed compared with the prior month. Sweden Consumer Price Index Jan. 2021: 1.6% Sweden’s consumer price index rose by 1.6% y/y in January, adding to the 0.5% increase in December. United States Jobless Claims February 13: 861,000 U.S. initial claims for unemployment insurance are again signaling instability in the labor market. Canada ADP Canada National Employment Report Jan. 2021: -231,228 ADP provided further evidence of January’s labor market retreat with its latest payroll survey. Canada New Housing Price Index Jan. 2021: 5.4% Canada’s booming real estate market saw another month of rapid house price appreciation. United States Import and Export Prices Jan. 2021: 1.4% m/m U.S. import prices increased 1.4% in January following a 1% gain in December. United States Philadelphia Fed Survey Feb. 2021: 23.1 Manufacturing activity advanced at a strong clip for the second straight month in the Federal Reserve’s Third District. United States New Residential Construction (C20) Jan. 2021: 1.580 mil, SAAR After a strong run, U.S. residential investment cooled early this year. Netherlands Unemployment Jan. 2021: 3.6% The unemployment rate in the Netherlands fell for the fifth consecutive month, to 3.6%. United States St. Louis Fed Financial Stress Index February 12: -0.92 The St. United States Natural Gas Storage Report February 12: -237 bil cubic feet The decline in natural gas inventories fell short of analyst predictions, suggesting that this report could have a modest negative impact on prices. United States Oil Inventories February 12: 461.8 mil barrels A much larger than expected decline in crude oil inventories will help support oil prices. Russian Federation Retail Sales Jan. 2021: -0.1% y/y Retail made a remarkable comeback in January. Russian Federation Unemployment Jan. 2021: 5.8% Russia's unemployment rate came in at 5.8% in January 2021. Japan Consumer Price Index Jan. 2021: » VIEW MORE ECONOMIC INDICATORS |