| Today's Economy
Economic Roundup: PCE Pops While Fiscal Hangover Hits Incomes, Spending The PCE deflator is up 2% annualized over the past two years, which isn't going to worry the Fed. Canada Weekly: The Spring Freeze Canada's economic roller-coaster ride continues, but prospects are due to improve. Geopolitical Risk Calendar: Upcoming Elections in Mexico, Peru Depending on the outcomes, there could be LatAm policy implications. Australia and New Zealand Outlook: Q&A We answer additional questions submitted in response to our recent webinar. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 28 May, 2021 Across the euro zone, unemployment likely held steady at 8.1% in April. Macro Roundup: Taiwan’s Woes The export outlook remains upbeat, helping absorb renewed weakness in domestic demand. Latin America Weekly Highlights and Preview, May 28, 2021 Brazil’s economy likely advanced 2.2% y/y in the first quarter despite the pandemic’s swelling third wave. Asia-Pacific Weekly Highlights and Preview: 28 May, 2021 Central banks in India and Australia are set to keep policy settings steady. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Apr. 2021: MYR20.48 bil
Malaysia's trade surplus narrowed to MYR20.48 billion in April. Norway
Retail Sales
Apr. 2021: 0.2%
Retail sales, excluding motor vehicles and auto fuels, rose by 0.2% m/m in April, adding to the 0.3% increase in March. Finland
GDP
2021Q1: -0.1%
Final estimates showed that Finland’s GDP contracted by 0.1% q/q, worse than the 0.4% gain initially estimated. France
Household Consumption Survey
Apr. 2021: -8.3%
French household consumption expenditure on goods plunged in April, down 8.3% in monthly terms. Spain
Retail Sales
Apr. 2021: -0.4% m/m
Spain’s retail sales decreased by 0.4% m/m in seasonally adjusted terms in April. Sweden
GDP
2021Q1: 0.8%
Sweden's first-quarter GDP grew by 0.8% q/q. Sweden
Retail Sales
Apr. 2021: -1.4%
Seasonally adjusted retail sales, excluding fuel, tumbled by 1.4% m/m in April after a 2.7% increase in March. Euro Zone
Business and Consumer Sentiment
May. 2021: 114.5
The euro zone’s economic sentiment indicator rose to 114.5 in May from 110.5 in April. Portugal
Retail Sales
Apr. 2021: 28.3%
Retail sales rose by 28.3% y/y in April, building on March’s upwardly revised 1.7% uptick. United States
Personal Income
Apr. 2021: -13.1% m/m
After March’s massive fiscal stimulus boost, nominal personal income fell 13.1% in April. United States
PCE Deflator
Apr. 2021: 0.6% m/m
U.S. inflation data have become very volatile; therefore, the Federal Reserve will be patient as it attempts to separate signal from noise. United States
Real Personal Spending
Apr. 2021: -0.1% m/m
Real spending slipped in April as few stimulus checks were distributed, but this is not a sign of weakness coming off the strong gain in March. United States
Advance Wholesale and Retail Inventories
Apr. 2021: 0.8% m/m
Wholesale trade inventories grew 0.8% in April, and March’s expansion was revised down from 1.4% to 1.1%. United States
International Trade in Goods - Advanced
Apr. 2021: -$85.2 bil
Trade could be a smaller drag on second-quarter U.S. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
May 26: 91.0
The Moody’s Analytics & CNN Business Back-to-Normal Index climbed again this week. United States
University of Michigan Consumer Sentiment Survey
May. 2021: 82.9
U.S. consumer sentiment dropped sharply in May, more than reversing its April gain, as inflation fears jumped. United States
Moody's Analytics Inflation Expectations Pulse
May 21: 2.04%
Inflation expectations edged up in the week ended May 23, according to the Moody's Analytics Inflation Expectations Pulse. United States
Agricultural Prices
Apr. 2021: 6.9% m/m
The Agricultural Prices Received Index jumped in April. France
GDP
2021Q1: -0.1% q/q
France’s GDP contracted by 0.1% q/q in the first three months of 2021, disappointing consensus expectations that it would grow. » VIEW MORE ECONOMIC INDICATORS | 
