| Today's Economy
Economic Roundup: U.S. Manufacturing Keeps Chugging Along ISM normally doesn't spend too much time north of 60, but it has over the past few months. LatAm Daily Briefing: Struggling to Add Jobs Capital Market View: ISM Manufacturing Survey Edges Up; Labor Issues Arise ISM increased from 60.7 to 61.2 in May but the anecdotes highlight labor supply problems. Inside Economics Podcast: Episode 9—Housing and Happy Birthday What is a bubble? » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Inflation Tracker: PCE Pops Growing pains related to the recovery are pushing prices higher. U.S. Chartbook: Investment, Inflation and Immunization The Census Bureau found 7.2% of U.S. adults say they will not get a shot, down from 8.8% in January. U.S. Weekly Highlights and Preview, June 1, 2021 Our preliminary forecast is for nonfarm employment to have risen by 600,000 between April and May, but risks are weighted to the downside. Singapore Leads the Way, Again The target is to have 66% of the population completely vaccinated by early July. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
CoreLogic Home Price Index
Apr. 2021: 13 % y/y
The CoreLogic Home Price Index rose 13% year over year in April, accelerating from March’s 11.3% growth rate before revisions. Australia
Monetary Policy
Jun. 2021: 0.1%
The Reserve Bank of Australia kept all monetary settings steady in June. Switzerland
GDP
2021Q1: -0.5%
Due to lockdown measures enacted in mid-January, Swiss GDP contracted by 0.5% q/q in the first quarter, reversing the 0.1% gain in the fourth. Switzerland
Retail Sales
Apr. 2021: 35.7%
Swiss retail sales cooled in April, down 4.4% in April after soaring by 22.3% in March. Germany
Unemployment
May. 2021: 6.0%
Germany’s seasonally adjusted unemployment rate held steady at 6% for the fifth consecutive month in May. Italy
Unemployment
Apr. 2021: 10.7%
Italy’s April employment report was mixed. Italy
GDP
2021Q1: 0.1% q/q
Italy's GDP grew by 0.1% q/q in the first quarter, though it was still down by 0.8% in year-ago terms. Euro Zone
Preliminary Consumer Price Index
May. 2021: 2.0%
Eurostat’s preliminary estimates show that the euro zone’s harmonized index of consumer prices increased by 2% y/y in May. Euro Zone
Unemployment
Apr. 2021: 8.0%
The euro zone's unemployment rate decreased to 8% in April from 8.1% in March. Brazil
GDP
2021Q1: 1.0% y/y
Brazil’s economy continued to recover solidly in the first quarter, although at a more moderate rate, despite the COVID-19 pandemic. Chile
Monthly Economic Activity Indicator
Apr. 2021: 14.1% y/y
Chile’s economic activity reported a strong annual rebound in April as the low comparison base benefited the growth rate. Canada
GDP
2021Q1: 5.6%
Surging housing investment and an acceleration in consumer spending powered the recovery of GDP. Canada
Gross Domestic Product by Industry
Mar. 2021: 1.1%
Economic growth picked up in March. Chile
Retail & Wholesale Sales
Apr. 2021: 33.3% y/y
The retail sector in Chile remains adrift, with weakness extending into April amid a tightening of pandemic restrictions. United States
Moody's Analytics Used Vehicle Price Indexes
May. 2021: 58%
Demand for used vehicles eased off a bit last month. United States
Construction Spending (C30)
Apr. 2021: 0.2% m/m
The value of construction put in place rose a modest 0.2% in April, falling below the consensus expectation of a 0.5% increase. World
Moody's Analytics Survey of Business Confidence
May 28: 13.3
Global business sentiment continues to improve as the pandemic winds down in the developed world. United States
Monthly GDP
Apr. 2021: -0.3% m/m
The U.S. economy took a step back in April as the initial boost from the fiscal stimulus began to fade and housing begun to cool. United States
ISM Manufacturing Index
May. 2021: 61.2
U.S. manufacturing is weathering the rise in input costs reasonably well. United States
Moody’s Analytics Policy Uncertainty Index
May 28: 339.3
The four-week moving average in our U.S. policy uncertainty index fell from 340.5 to 339.3 in the week ended May 28. United States
Texas Manufacturing Outlook Survey
May. 2021: 34.9
Texas factory activity decelerated in May following strong gains in April. Belgium
Unemployment
Apr. 2021: 5.3%
Peru
Consumer Price Index
May. 2021: 2.45% y/y
Inflation in the Lima metropolitan area was almost unchanged in May, with consumer prices rising 2.45% on a year-ago basis. Portugal
Industrial Production
Apr. 2021: 36.9%
Portuguese year-on-year industrial production surged by 36.9% in April, following a more moderate rise of 5.7% in March. Brazil
Foreign Trade
May. 2021: US$9.29 bil
United States
CreditForecast.com Household Credit Report
May. 2021: 4.66% y/y
The consumer credit market expanded in May, increasing by $50 billion, a 0.35% month-to-month gain. South Korea
Consumer Price Index
May. 2021:
Australia
GDP
2021Q1:
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