| Today's Economy
Economic Roundup: Just a Bit Outside April U.S. employment falls well short of expectations, supporting Fed's approach of patience. Capital Market View: Supply Doesn’t Meet Demand Several factors are weighing on labor supply, some are temporary. Canada Weekly: The Case for Optimism Economic growth is poised to surge once the latest wave of infections abates. Geopolitical Risk Calendar: U.S. Jobs Disappoint New jobs in April came in at one-third of our expectation. » VIEW MORE TODAY'S ECONOMY
Commentary
Jobs Report, Continued We dig deeper into April's disappointing jobs report. New Zealand Outlook: Off and Running Relatively successful virus containment has facilitated a buoyant recovery. Europe Weekly Highlights and Preview, 7 May, 2021 Inflation pressures grew last month in Germany, France and Spain. Asia-Pacific Weekly Highlights and Preview: 7 May, 2021 We expect Hong Kong's GDP to have recovered, while Malaysia's is flat. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Unemployment rate
Apr. 2021: 3.1%
Switzerland’s seasonally adjusted unemployment rate fell to 3.1% in April from 3.3% in March. France
Industrial Production
Mar. 2021: 0.8%
French industrial production rose by 0.8% m/m in March, after February’s 4.8% downturn. Spain
Industrial Production
Mar. 2021: 0.4%
Spain's industrial production index gained 0.4% m/m in March after falling by 0.1% in February. Italy
Retail Sales
Mar. 2021: -0.1% m/m
Italy’s retail sales were relatively stable in monthly terms in March, as another drop in nonfood spending offset higher food sales. Germany
Industrial Production
Mar. 2021: 2.5%
German industrial production bounced back in March, rising by 2.5% m/m following a downwardly revised 1.9% drop the previous month. Ireland
Industrial Production
Mar. 2021: -2.0%
Irish industrial production fell by 2% in March from the previous month. Chile
Consumer Price Index
Apr. 2021: 3.32% y/y
Inflation revived in April, with the annual rate surpassing the 3% target. Brazil
Retail Sales Index
Mar. 2021: 2.4% y/y
Household consumption reported annual growth in March after a contraction in February. Mexico
Consumer Price Index
Apr. 2021: 6.08% y/y
Mexico’s inflation rebounded strongly in April, which put the annual rate well above the 4% upper limit. United States
Employment Situation
Apr. 2021: 266,000 m/m, ths
Payroll employment was far weaker in April than expected. Canada
Labor Force Survey
Apr. 2021: 8.1%
Canada's labor market fortunes reversed course in April as restrictions tightened across many of the provinces because of a surge in COVID-19 cases. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
May 05: 88.7
The Moody’s Analytics & CNN Business Back-to-Normal Index jumped again this week, increasing 0.5 point from a revised 88.2 to 88.7. United States
Moody's Analytics Inflation Expectations Pulse
April 30: 1.98%
Inflation expectations remained on an even keel at 2% in the week ended May 2, 2021, according to the Moody’s Analytics Inflation Expectations Pulse. United States
MBA Delinquency Rates
2021Q1: 6.38%
Mortgage delinquency rates dropped 35 basis points to 6.38% in the first quarter of 2021, according to the Mortgage Bankers Association’s survey. United States
Wholesale Trade (MWTR)
Mar. 2021: 1.3% m/m
Wholesale inventories expanded 1.3% in March, following an upwardly revised 1% increase in February. Canada
Purchasing Managers' Index
Apr. 2021: 60.6
The seasonally adjusted Ivey Purchasing Managers' Index fell in April to 60.6 from 72.9 in March. Chile
Foreign Trade
Apr. 2021: US$2,039.7 mil
Chile's trade balance widened to $2 billion in April as surging copper prices pushed exports to a record high. Russian Federation
Consumer Price Index
Apr. 2021: 5.5% y/y
The seemingly inexhaustible climb in Russian inflation took a much-needed pause in April. United States
Consumer Credit (G19)
Mar. 2021: $25.8 bil
Consumer credit expanded by $25.8 billion in March, following a comparably sized increase of $26.2 billion in February. » VIEW MORE ECONOMIC INDICATORS | 
