| Today's Economy
LatAm Daily Briefing: 2020 Recession Worst in Memory Our GDP forecast for the region was on point, but some surprises occurred on a country-by-country basis. Is a February U.S. Retail Sales Flop in the Cards? Fewer tax refunds, weather, and payback could weigh on retail sales. Europe Daily Briefing: Euro Zone Confidence Still Lagging The ESI improved in February but is still well off its year-ago level. Asia-Pacific Daily Briefing: Bank of Korea Holds Fire Inflation is expected to stay well shy of the central bank's target this year. » VIEW MORE TODAY'S ECONOMY
Commentary
A Perfect Winter Storm for Texas The idiosyncrasies of last week’s weather made it the costliest winter event in memory. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Foreign Trade
Jan. 2021: US$1.9 bil
Falling exports and increasing imports weighed on Thailand’s foreign trade, as the trade surplus fell to $1.9 billion in January from $2.8 billion in December. Austria
Industrial Production
Dec. 2020: -5.6%
Austria’s industrial production posted the second consecutive monthly decline in December, falling 5.6% and bringing the index 5% below its year-ago reading. Euro Zone
Business and Consumer Sentiment
Feb. 2021: 93.4
The euro zone’s economic sentiment indicator, which combines indexes of business and consumer confidence, recovered to a 10-month high of 93.4 in February, after falling to 91.5 in January. Mexico
Economic Activity Index
Dec. 2020: -2.7% y/y
Mexico’s economic activity advanced at the end of the year despite the rise in COVID-19 infections. Mexico
Employment Situation
Jan. 2021: 4.7% Unemployment
Unemployment experienced its typical seasonal rebound at the start of the year. Mexico
GDP
2020Q4: -4.3% y/y
Mexico’s economy continued to recover in the last quarter of 2020 as the reopening proceeded, though growth was more moderate. United States
Jobless Claims
February 20: 730,000
U.S. initial claims for unemployment insurance have been volatile since the beginning of the year but still signal weakness in the labor market. United States
Durable Goods (Advance)
Jan. 2021: 3.4% m/m
Transportation juiced U.S. durable goods orders in January, and the details show some signs that business equipment spending could be losing momentum. Canada
Earnings, Hours and Employment
Dec. 2020: 6.4%
After November's 0.4% slip, payroll employment pushed higher in December by 44,200 positions, a 0.3% increase. United States
GDP
2020Q4: 4.1%, q/q, SAAR
U.S. United States
Pending Home Sales
Jan. 2021: 122.8
The NAR pending home sales index dropped 2.8% to 122.8 in January, fully reversing the slight increase in December and falling back near its July 2020 level. World
Moody's Analytics Global HPI
2020Q4: 7.4%
The Moody’s Analytics nominal house price index increased by 7.4% on a year-ago basis in the fourth quarter, building on the 5.8% rise in the third. United States
St. Louis Fed Financial Stress Index
February 19: -0.80
The St. United States
Natural Gas Storage Report
February 19: -338 bil cubic feet
Last week’s massive decline in natural gas inventories surpassed already-bold consensus predictions. United States
Kansas City Fed Manufacturing Survey
Feb. 2021: 24
Manufacturing activity in the 10th District expanded again in February with the top-line composite index rising to 24 from 17. South Korea
Industrial Production
Jan. 2021:
South Korea
Retail Sales
Jan. 2021:
Japan
Industrial Production
Jan. 2021:
Japan
Foreign Trade
Jan. 2021:
China
Manufacturing PMI
Feb. 2021:
Malaysia
Foreign Trade
Jan. 2021:
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