| Today's Economy
Economic Roundup: Chilly Winter, Hot Housing Market New-home sales increased 4.3% in January. LatAm Daily Briefing: A Halt in Uruguay's Job Recovery The labor force participation rate fell to 61.3% from 61.7% the prior month. Europe Daily Briefing: Danes Spend Big on Holiday Feasts German GDP ended 2020 better than expected. Asia-Pacific Daily Briefing: Reserve Bank of New Zealand Holds Fire The bank's outlook has turned decidedly more optimistic. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Commodities Outlook: Oil's Upside Risks The recovery in demand is expected to prompt OPEC+ to bring on additional supply. Global Vaccine Tracker Update: Shots in the Arms Declining COVID-19 infections set the stage for a spring rebound in the economy. U.S. Workplaces of the Future Some metro areas can expect an outsize dividend from increased labor mobility. U.S. COVID-19 Tracker Update: Milestone in Sight We are increasingly comfortable assuming that herd immunity will be reached by September. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
GDP
2020Q4: 0.3% q/q
German growth cooled in the fourth quarter of 2020, increasing by just 0.3% q/q after an 8.5% expansion in the previous quarter. United States
MBA Mortgage Applications Survey
February 19: -11.4%
Mortgage applications fell by 11.4% in the week of February 19, after declining 5.1% in the previous week. Mexico
Retail & Wholesale Sales
Dec. 2020: -5.9% y/y
Demand for retail consumption in Mexico weakened at the end of the year as the number of COVID-19 infections accelerated. United States
New-Home Sales
Jan. 2021: 923,000 SAAR
The U.S. new-home market seems reluctant to continue taking much of a breather after the heady pace of sales last summer. United States
Oil Inventories
February 19: 463.0 mil barrels
An unexpected rise in crude oil inventories will hurt oil prices. United States
Moody’s Analytics Policy Uncertainty Index
February 19:
Argentina
Economic Activity Indicator
Dec. 2020: -2.22% y/y
The statistics office’s monthly economic activity index (IMAE) dropped 2.2% y/y in December after declining 3.7% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 
