Today's Economy Economic Roundup: U.S. Manufacturing Keeps Chugging Along On an ISM-composite basis, the Empire State survey remained north of 60. Inside Economics Podcast: Episode 7—CPI and Census Do economists have superstitions? Capital Market View: Surging Construction Costs Not Dampening Builder Confidence The biggest near-term risk is a jump in mortgage rates, but that's unlikely with peaking GDP growth. LatAm Daily Briefing: Down and Out in Lima New COVID-19 restrictions on business hours and social activity have taken an outsize toll on consumer-facing firms that employ most Limeños. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: The Tea Leaves on Inflation U.S. consumer prices popped in April, but the pickup looks transitory. U.S. Weekly Highlights and Preview, May 17, 2021 We now look for real GDP to rise 6.8% this year, compared with the 6.4% in the April baseline. This Week in the COVID Crisis Worries—about a seriously impeded recovery, overheating economy, uncomfortably high inflation and interest rates—are overdone. Latin America Weekly Highlights and Preview, May 14, 2021 Trade is a rare bright spot in the region's pandemic-strewn economic landscape. » VIEW MORE COMMENTARY
Today's Economic Indicators
Belgium Consumer Price Index Apr. 2021: 1.2% Consumer price growth in Belgium crept higher in April, rising to 1.2% y/y from 0.9% y/y in March. Italy Consumer Price Index Apr. 2021: 1.1% Italy's headline inflation rate accelerated to 1.1% y/y in April, confirming preliminary estimates, due to base effects in energy prices. Canada International Transactions in Securities Mar. 2021: C$3.2 bil Canadians poured into U.S. equities this month. Canada Housing Starts Apr. 2021: 269 ths Housing starts in Canada took a step back in April. United States NY Empire State Manufacturing Survey May. 2021: 24.3 Sentiment among New York's manufacturers remains robust, according to the May Empire State Manufacturing Survey. Peru Unemployment Apr. 2021: 15.1% The jobless rate in the Lima metropolitan area ticked down in the February to April rolling quarter, but this was because of a decline in the labor force rather than an increase in employment; total employment fell for the third consecutive month as Peru’s dual economic and health crises deepened. World Moody's Analytics Survey of Business Confidence May 14: 10.9 Global businesses are feeling much better than they were a few weeks ago, and sentiment is consistent with an expanding global economy, but businesses remain cautious. United States NAHB Housing Market Index May. 2021: 83 Homebuilder confidence held steady at 83 in May. United States Cox Automotive/Moody’s Analytics Vehicle Affordability Index Apr. 2021: 33.7 weeks, NSA New-vehicle affordability declined in April. Belgium Industrial Production Mar. 2021: 3.7% Belgium's industrial production index advanced by 3.7% in March on a year-ago basis. United States Treasury International Capital Flows Mar. 2021: $262.2 bil Net long-term capital flows were positive for the 11th straight month in March. Japan GDP 2021Q1: » VIEW MORE ECONOMIC INDICATORS |