| Today's Economy
Economic Roundup: U.S. Job Market Off to Sluggish Start Unemployment rate fell in January and with fiscal support coming, further declines are in the cards. Canada Weekly: Stuck COVID-19 vaccinations have been slowed by administrative pauses and supply chain disruptions. U.S. Unemployment Rate Still Masks Current Conditions Adjusted data show an uptick in joblessness since October, despite ongoing improvement in the headline rate. Geopolitical Risk Calendar: Senate Gives a Boost to Biden's Pandemic Aid Plan Risks in Asia continue to increase and all signs point to escalation between the U.S. and China. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview: February 5, 2021 After a positive December, the new year looks bleaker. Europe Weekly Highlights and Preview, 5 February, 2021 Demand for consumer goods has weakened as households face greater income and job insecurity during the second wave of lockdowns. Asia-Pacific Weekly Highlights and Preview: 5 February, 2021 COVID-19 disrupts Malaysia's momentum. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Monetary Policy and Minutes
Feb. 2021: 0.1%
The Bank of England stood pat in February, maintaining the bank rate at 0.1%. Sweden
Industrial Production
Dec. 2020: 0.1%
Sweden’s industrial production rose by 0.1% m/m in December, adding to the 0.4% increase in November. Italy
Retail Sales
Dec. 2020: 2.5% m/m
After falling in November, Italy’s retail sales grew by 2.5% m/m in December thanks to the Christmas holidays. Canada
International Merchandise Trade
Dec. 2020: C$ -1.7 bil
Canada's merchandise trade exports rose by 1.5% in December. Canada
Labor Force Survey
Jan. 2021: 9.4%
The labor market's recovery suffered a significant setback in January as the surge in COVID-19 cases and the public health restrictions necessary to combat the spread resulted in mass layoffs. United States
Employment Situation
Jan. 2021: 49,000
Payroll employment gains were much weaker in January than we had expected, increasing by only 49,000. We had expected a boost from seasonal factors for retail and leisure/hospitality. United States
International Trade (FT900)
Dec. 2020: -$66.6 bil
U.S. net exports were a drag on fourth-quarter GDP growth, particularly because of the noticeable shift in consumer spending away from services and toward goods. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
February 03: 81.8
The Moody’s Analytics & CNN Business Back-to-Normal Index inched up 0.4 point this week from a revised 81.4 to 81.8. Canada
Purchasing Managers' Index
Jan. 2021: 48.4
The Ivey Purchasing Managers' Index rebounded slightly in January but remains in contraction territory. India
Monetary Policy
Feb. 2021: 4.00%
There was no change in monetary policy following the Reserve Bank of India's latest committee meeting. Russian Federation
Consumer Price Index
Jan. 2021: 5.2% y/y
Russian inflation continued its upward march in January. United States
Consumer Credit (G19)
Dec. 2020: $9.7 bil
Consumer credit expanded in December by $9.7 billion. United States
Semiconductor Billings
Dec. 2020: -0.6%
Global semiconductor sales ended the year with a whimper, declining 0.6% from their November level. This marks the first month-to-month decline in chip set sales since June 2020. Colombia
Consumer Price Index
Jan. 2021:
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