Today's Economy Economic Roundup: Mother Nature Delivers Temporary Economic Blow U.S. retail sales and industrial production drop in February, cutting into our Q1 tracking estimate. LatAm Daily Briefing: No End in Sight New daily COVID-19 infections have been rising again across the region. Some U.S. Inflation Warnings Mean More Than Others It is difficult for inflation to thrive when there this a significant amount of slack in the both the labor market and broader economy. What Goes Up, Must Go Down U.S. retail sales fell 3% in February. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. COVID-19 Tracker Update: Beyond February Setbacks The drops in retail sales and industrial production are temporary setbacks and don't alter our forecast for GDP growth this year. Germany Outlook: Optimism Rises Despite Uncertainty Despite a likely contraction in the first quarter, firms are hopeful for a post-lockdown rebound. U.S. Chartbook: Countdown to Launch Boom times are coming, but we’re not quite there yet. Global Vaccine Tracker Update: Europe Has Issues Concerns about the AstraZeneca shots and other matters are slowing inoculations on the Continent. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Moody's CMBS Delinquency Tracker Feb. 2021: 7.31% The Moody’s Delinquency Tracker total delinquency rate plunged 28 basis points in February to 7.31%. France Consumer Price Index Feb. 2021: 0.6% France’s consumer price index was stable last month. Italy Consumer Price Index Feb. 2021: 0.6% Italy's headline CPI gained 0.6% y/y in February, building on January’s 0.4% increase. United States Import and Export Prices Feb. 2021: 1.3% m/m The U.S. is importing a little inflation but not enough to worry the Federal Reserve that the acceleration in consumer prices over the next few months will be anything but a transitory pickup. Canada International Transactions in Securities Jan. 2021: C$1.3 bil Canadians dialed back their investments, acquiring C$3.5 billion in foreign securities in January, down from the record C$26.9 billion added in December. United States Retail Sales Feb. 2021: -3.0%, m/m Retail sales suffered from fading stimulus and winter storms in February. United States Industrial Production Feb. 2021: -2.2% m/m The February economic data have taken a turn for the worse, but some of the weakness is payback for the strength in January, winter storms, and supply chain issues because of COVID-19. United States Business Inventories (MTIS) Jan. 2021: 0.3% m/m Business inventories increased in January. United States NAHB Housing Market Index Mar. 2021: 82 Homebuilder confidence edged down 2 points to 82 in March. Russian Federation Industrial Production Feb. 2021: -3.7% Russia's industrial production took yet another hit in February. Singapore Foreign Trade Feb. 2021: Japan Retail Sales Jan. 2021: South Korea Employment Feb. 2021: Japan Foreign Trade Feb. 2021: » VIEW MORE ECONOMIC INDICATORS |