| 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:
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