| Today's Economy
Economic Roundup: U.S. Retail Sales, PPI Pop in January Strong retail sales boosted our tracking estimate of Q1 GDP to 8% at an annualized rate. U.S. Retail Sales Surge Stimulus and favorable seasonals juiced January sales. LatAm Daily Briefing: Uruguay's Industrial Production Decline Other indicators also point to a stuttering economy. Europe Daily Briefing: U.K. Inflation Picks Up in January The EU has launched a multimillion-euro program to cope with new COVID-19 variants. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Vaccine Tracker Update: More Good Than Bad There is still much room for improvement, but distribution and supply issues should be less binding over the next several months. U.S. Weekly Highlights and Preview, February 16, 2021 Initial claims for unemployment insurance benefits likely fell in the latest week. Africa COVID-19 Vaccination Roundup Progress has been slow thus far. Trade Links Key to APAC Recovery China's goods producing supply chains drive the pattern of economic recovery in the region. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Monetary Policy
Feb. 2021:
United Kingdom
Consumer Price Index
Jan. 2021: 0.7% y/y
U.K. United States
MBA Mortgage Applications Survey
February 12: -5.1%
Mortgage applications fell by 5.1% in the week of February 12, after declining 4.1% in the previous week. Canada
Consumer Price Index
Jan. 2021: 1.0%
Rising prices for durable goods and gasoline boosted inflation in January, but the underlying trend remains weak. United States
Producer Price Index
Jan. 2021: 1.3% m/m
Energy isn’t the only factor behind the jump in U.S. producer prices in January, but the Federal Reserve will look past the acceleration in inflation in the first half of this year. United States
Retail Sales
Jan. 2021: 5.3%, m/m
Retail sales turned the corner with the new year, soaring beyond any expectations as they posted their first gain in four months. United States
Industrial Production
Jan. 2021: 0.9% m/m
Manufacturing has weathered this wave of COVID-19 cases and tighter state restrictions well. United States
Business Inventories (MTIS)
Dec. 2020: 0.6% m/m
Business inventories increased in December. United States
NAHB Housing Market Index
Feb. 2021: 84
Homebuilder confidence inched up 1 point to 84 in February. United States
FOMC Minutes
Jan. 2021:
The minutes from the January meeting of the Federal Open Market Committee showed the FOMC is not in any hurry to alter the size of its monthly asset purchases. Australia
Employment Situation
Jan. 2021:
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