Today's Economy Economic Roundup: Initial Claims Drop, Productivity Bounces Initial claims are now below 500,000 while a strong rebound in productivity continued in Q1. LatAm Daily Briefing: Colombia Outlook Darkens Amid Nationwide Protests Civil unrest causes President Duque to withdraw tax bill. Capital Market View: It's Back The Treasury Department warns about the need to raise the debt ceiling. Final Thoughts Ahead of April U.S. Employment The forecast is for a net 900,000 gain in nonfarm employment. » VIEW MORE TODAY'S ECONOMY
Commentary Initial Takeaways From 2020 Decennial Census Results As national population growth slows, states lean on advantages to increase in-migration. U.S. COVID-19 Tracker Update: Carrying Momentum The recovery in job growth continues to accelerate. Global Vaccine Tracker: All Eyes on India Available data indicate that nearly 1 in 20 of the world’s adults are fully inoculated against COVID-19. Macroeconomic Consequences of the American Families Plan and the Build Back Better Agenda The president's proposal is a bold effort to invest in the nation's infrastructure and labor force. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Industrial Production Mar. 2021: 9.3% y/y Malaysia's industrial production rose by 9.3% y/y in March, up from a 1.5% increase in February. Malaysia Monetary policy May. 2021: 1.75% Bank Negara Malaysia left its monetary policy setting unchanged at 1.75% in its May meeting, as expected. Austria Retail Sales Mar. 2021: 23.0% Retail sales followed up February's boom, when shops were allowed to reopen, with another strong month of growth. Norway Monetary Policy May. 2021: 0.0% The Norges Bank left its key policy rate, the deposit rate, unchanged at 0%. Norway Industrial Production Mar. 2021: 0.9% Norway’s seasonally adjusted industrial production was up 0.9% m/m in March following a 1.2% decline in February. Euro Zone Retail Sales Mar. 2021: 2.7% Retail sales excluding motor vehicles rose by 2.7% m/m in March after an upwardly revised gain of 4.2% in February. United Kingdom Monetary Policy and Minutes May. 2021: 0.1% The Bank of England stood pat in May, maintaining the bank rate at 0.1%. United States Challenger Report Apr. 2021: 22,913 Job cut announcements fell to 22,913 in April, marking the third decline in a row and falling to their lowest level since 2000. United States Jobless Claims May 01: 498,000 U.S. initial claims for unemployment insurance are signaling optimism for the labor market. United States Productivity and Costs 2021Q1: 5.4%, q/q, SAAR U.S. productivity growth has been strong since the economy emerged from the COVID-19 recession. United States St. Louis Fed Financial Stress Index April 30: -0.93 The St. United States Natural Gas Storage Report April 30: 60 bil cubic feet Last week’s increase in natural gas inventories nearly matched analyst expectations, suggesting that this report will have very little effect on gas prices. China Foreign Trade Apr. 2021: Argentina Industrial Production - Advance Mar. 2021: 32.8% y/y Industrial output jumped 32.8% y/y in March (NSA) after rising 1.6% in the previous month. United States Semiconductor Billings Mar. 2021: 3.7% Global semiconductor sales returned to form in March. China Consumer Price Index Apr. 2021: » VIEW MORE ECONOMIC INDICATORS |