| Today's Economy
Economic Roundup: A Little Lull in U.S. Homebuilding Starts dropped in April but permits point toward more construction over the next few months. Capital Market View: Something Is Bubbling The Fed's accommodative stance is causing some froth. LatAm Daily Briefing: Argentina Faces Large Debt Payments President Fernandez recently held meetings with European and Asian leaders to seek an extension. Europe Daily Briefing: Imports Curb Euro Zone Trade Surplus Dutch GDP contracted again in the first quarter, but prospects are better for the rest of the year. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Vaccine Tracker: Pfizer-BioNTech Eligibility Expands Europe’s share of the population inoculated is still lagging that of the U.K. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Moody's CMBS Delinquency Tracker
Apr. 2021: 7.01%
The Moody’s CMBS Delinquency Tracker total delinquency rate edged up 3 basis points to 7.01% in April. United Kingdom
Unemployment
Mar. 2021: 4.8%
U.K. unemployment fell in the first quarter, despite the introduction of the strict national lockdown. Euro Zone
External Trade
Mar. 2021: €15.8 bil
The euro zone’s nonseasonally adjusted trade surplus in goods came in at just €15.8 billion in March, down from €29.9 billion in March 2020. Chile
GDP
2021Q1: 0.3% y/y
Chile’s economy continued to recover in the first quarter, although at a more moderate pace after the strong rebound in the previous two quarters. United States
New Residential Construction (C20)
Apr. 2021: 1.569 mil, SAAR
April U.S. residential construction data came in weaker than expected. United States
Internet Sales (E-Commerce Sales)
2021Q1: $215.0 bil
On a seasonally adjusted basis, internet sales in the first quarter of 2021 rose 7.7% from the previous quarter. United States
Moody’s Analytics Policy Uncertainty Index
May 14: 347.0
The four-week moving average in our U.S. policy uncertainty index fell from 360 to 347 in the week ended May 14. Japan
Industrial Production
Mar. 2021:
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