| Today's Economy
Economic Roundup: Compositional Issues Mucking With Productivity, Unit Labor Costs Still, other measures suggest that wage growth is solid and should help spending. Lofty Expectations for U.S. Consumer Spending Consumer spending this year could exceed our strong forecast. LatAm Daily Briefing: Border Symmetry Mexico's economy amplifies the ups and downs of the U.S. China's Labor Market Will Improve Further in 2021 The unemployment rate has come down, but it will resume rising in 2022 as fiscal support fades. » VIEW MORE TODAY'S ECONOMY
Commentary
Canada Risk Matrix Update: Vaccines Loom Large COVID-19 cases have trended down since early January’s peak, but the winter outbreak remains the greatest near-term threat to the economy. Final Thoughts Ahead of January U.S. Employment This could be a wild one. Peru Outlook: A Very Difficult Year A resurgent pandemic and a temporary lockdown loom over the recovery. Quantifying Natural Disasters in the Age of Covid Real-time data provide an additional window into snow’s impact » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Retail Sales
Dec. 2020: 2.0%
Retail sales excluding motor vehicles in the euro zone partially rebounded in December, by 2% m/m, after an upwardly revised 5.7% decline in November. United States
Challenger Report
Jan. 2021: 79,552
Job cuts rose to 79,552 in January, up 17.4% from a year earlier. United States
Jobless Claims
January 30: 779,000
U.S. initial claims for unemployment insurance are improving again. United States
Productivity and Costs
2020Q4: -4.8%
U.S. productivity fell 4.8% at an annualized rate in the fourth quarter of last year, more than either we or the consensus had expected. United States
Factory Orders (M3)
Dec. 2020: 1.1%
U.S. factory orders were up 1.1% in December after rising 1.3% in each of the prior two months, but the implications for revisions to fourth-quarter GDP growth were minor. United States
St. Louis Fed Financial Stress Index
January 29: -0.45
The St. United States
Natural Gas Storage Report
January 29: -192 bil cubic feet
The decline in natural gas inventories last week closely matched analyst predictions, indicating that this report will have little effect on gas prices. Indonesia
GDP
2020Q4:
Argentina
Industrial Production - Advance
Dec. 2020: 4.9%
Industrial output increased 4.9% y/y in December, not seasonally adjusted, after rising 4.3% in the previous month. Australia
Retail Sales
Dec. 2020:
» VIEW MORE ECONOMIC INDICATORS | 
