Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Tuesday, June 08, 2021

Today's Economy


Economic Roundup: June U.S. Baseline Shows Stronger but Transitory Inflation

We have revised higher our forecast for inflation but Fed still expected to wait until 2023 to hike.

Capital Market View: Looking for Another Hot Print on U.S. CPI

We look for the headline and core CPIs to have risen 0.6% in May.

LatAm Daily Briefing: Remittances Grow in Importance

Forty million households in the region receive money from abroad each year.

Europe Daily Briefing: Euro Zone GDP Shrinks in Q1

The latest ZEW shows that sentiment in financial markets is brightening.

» VIEW MORE TODAY'S ECONOMY



Commentary


Global Vaccine Tracker: Timelines to Herd Resilience

The pandemic will weigh heavily on emerging market economies, and the gap with booming developed market economies will widen.

U.S. Chartbook: Growing Pains

May’s weaker-than-consensus job number was an improvement on April but reflected several frictions in the economy.

U.S. Weekly Highlights and Preview, June 7, 2021

The reopening of the economy is going to boost the CPI.

This Week in the COVID-19 Crisis

The risks to our upbeat baseline outlook for a V-shape recovery are symmetric.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Netherlands
Consumer Price Index
May. 2021: 2.1% y/y

Denmark
Industrial Production
Apr. 2021: -3.8% m/m
Denmark’s industrial performance in April was set back by a last batch of restrictions.

Sweden
Industrial Production
Apr. 2021: -0.3%
Sweden’s industrial production slid by 0.3% m/m in April following March’s 2% increase.

Italy
Retail Sales
Apr. 2021: -0.4% m/m
After stalling in March, Italy’s retail sales ticked down by 0.4% m/m in April due to weak nonfood spending.

Euro Zone
GDP
2021Q1: -0.3%
Detailed estimates found that euro zone GDP contracted by 0.3% q/q in the first quarter.

Germany
Industrial Production
Apr. 2021: -1%
Annual industrial production soared by 26.2% on the back of last year’s historic tumble, while monthly output contracted by 1%.

Ireland
Industrial Production
Apr. 2021: -0.2%

United States
NFIB Small Business Survey
May. 2021: 99.6
The NFIB Small Business Optimism Index unexpectedly slipped in May, coming in at 99.6.

Brazil
Retail Sales Index
Apr. 2021: 23.8% y/y
Brazil’s household consumption reported a strong annual rebound in April as sales were benefited by the annual comparison base.

Chile
Consumer Price Index
May. 2021: 3.65% y/y
Chile’s inflation continued to climb in May as pressures developed in an economy in recovery.

Canada
International Merchandise Trade
Apr. 2021: C$ 0.59 bil
In April, Canadian merchandise imports fell by 4.7% and exports declined by 1%. The declines were mainly due to marked shortfalls in motor vehicles and parts trade.

United States
International Trade (FT900)
Apr. 2021: -$68.9 bil
The U.S. nominal trade deficit narrowed more than expected in April but the implications for second-quarter GDP don’t appear too significant.

United States
Job Openings and Labor Turnover Survey
Apr. 2021: 6.0% openings rate
Job Openings and Labor Turnover Survey data confirm the widely reported challenges for employers of filling vacancies.

Argentina
Industrial Production - Advance
Apr. 2021: 55.9% y/y
Industrial output jumped 55.9% y/y in April (NSA), up from 33% in the previous month.

Chile
Monetary Policy
Jun. 2021:

South Korea
Employment
May. 2021:

South Korea
GDP
2021Q1:

China
Consumer Price Index
May. 2021:

China
Producer Price Index
May. 2021:

» VIEW MORE ECONOMIC INDICATORS

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