| Today's Economy
Economic Roundup: New U.S. Unemployment Filings Drop Below 700,000 Total initial claims were less than 1 million for the first time since the pandemic began. LatAm Daily Briefing: Chile Almost at Pre-Pandemic Output The country's GDP ended 2020 just below 0.07% of its pre-pandemic level. Europe Daily Briefing: Money Supply Still Expanding February data show loan and money growth remains accommodative. Uncertainty Clouds the Horizon in Indonesia Recent data have given mixed signals, but overall the country is at risk. » VIEW MORE TODAY'S ECONOMY
Commentary
Tourists Hold the Key to Southern Europe’s Recovery The true fallout of the health crisis on firms and employees has yet to emerge. Normalcy Means Different Things to Different States Activity is on the rise across the U.S., but regional variation persists. Russia Outlook: Recovery Fraught With Risk The economy is coming out ahead, but structural headwinds still pose risks for 2021. Global Vaccine Tracker Update: Europe's Worries Spread The temporary decision to stop using the AstraZeneca product showed in the data. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Monetary Policy
Mar. 2021: -0.75%
The Swiss National Bank kept its policy rate and interest on sight deposits steady at -0.75%. Austria
Industrial Production
Jan. 2021: 2.4%
Industrial production rebounded in February after two months of production declines. United States
Jobless Claims
March 20: 684,000
U.S. initial claims for unemployment insurance benefits are unreliable and volatile from week to week but the drop, if sustained, is a step in the right direction. United States
GDP
2020Q4: 4.3%, q/q, SAAR
U.S. United States
Industry GDP
2020Q4: 4.5 ppt, SAAR
Private industries constituted all of the GDP growth in the fourth quarter of 2020. United States
St. Louis Fed Financial Stress Index
March 19: -0.69
The St. Mexico
Retail & Wholesale Sales
Jan. 2021: -7.6% y/y
Retail sales remained weak at the start of the year, when activity typically decelerates, in part because of the rise in COVID-19 cases. Mexico
Economic Activity Index
Jan. 2021: -5.4% y/y
As expected, economic activity lost steam at the start of the year, dragged down by the industrial contraction. United States
Natural Gas Storage Report
March 19: -36 bil cubic feet
Last week’s decline in natural gas stocks exceeded analyst predictions, which should provide some support for gas prices. United States
Kansas City Fed Manufacturing Survey
Mar. 2021: 26
Manufacturing in the 10th Federal Reserve District gained momentum in March with the headline index edging up from 24 to 26. Singapore
GDP - Advanced
2021Q1:
France
Job Seekers
Feb. 2021: 3.58 mil
The number of French job seekers increased by 22,900 in February to a total of 3.58 million. Argentina
Retail Sales Index
Jan. 2021: -2.1% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers dropped 2.1% y/y in January after falling 6.8% in the previous month. Mexico
Monetary Policy
Mar. 2021: 4.00%
The Bank of Mexico kept monetary policy paused in March, after a rate cut in February, as inflation pressures resurged. Argentina
Employment Situation
2020Q4: 11.0% Unemployment
According to Indec’s labor market survey, the national urban unemployment rate averaged 11% in the fourth quarter, compared with 8.9% a year earlier (figures are not seasonally adjusted). South Korea
Consumer Sentiment Index
Mar. 2021:
Japan
Foreign Trade
Feb. 2021:
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