Today's Economy Economic Roundup: Pedal to the Metal U.S. fiscal stimulus has contributed to a red-hot auto market and a widening nominal trade deficit. LatAm Daily Briefing: Mexico Averts a Quarterly Contraction Given that some activities reopened in March as infections declined, the strong rebound of exports and the advance of the vaccine rollout helped the economy rebound. Europe Daily Briefing: U.K. Manufacturing Held Back by Supply Supply issues have been holding back manufacturing in the first half of the year. Better Days Ahead for Germany The economy should see 1.1% growth in the second quarter. » VIEW MORE TODAY'S ECONOMY
Commentary 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. U.K. Risk Matrix Update: Despite Reopening, Outlook Clouded By COVID-19 A new, more virulent strain is still the largest risk to the economy. U.S. Chartbook: Let the Good Times Roll Economic indicators last week left us feeling optimistic. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States CoreLogic Home Price Index Mar. 2021: 11.3% y/y The CoreLogic Home Price Index rose 2% in March from the previous month and 11.3% year over year. Australia Monetary Policy May. 2021: 0.1% The Reserve Bank of Australia kept all monetary settings steady in May. Finland Unemployment rate Mar. 2021: 8.1% Finland’s not seasonally adjusted unemployment rate remained unchanged at 8.1% in March, compared with 7.3% a year earlier. United States Vehicle Sales - BEA Apr. 2021: 18.5 mil, SAAR U.S. new-vehicle sales put the pedal to the metal for the second month in a row. United States International Trade (FT900) Mar. 2021: -$74.4 bil The nominal trade deficit widened to $74.4 billion in March, fueled by rising goods imports. Canada International Merchandise Trade Mar. 2021: C$ -1.1 bil In March, Canada's merchandise exports increased slightly by 0.3%. Canada Building Permits Mar. 2021: 5.7% The booming pace of new residential construction shows no signs of abating, yet the nonresidential sector's struggles continue. United States Moody's Analytics Used Vehicle Price Indexes Apr. 2021: 70.5% The U.S. wholesale used-vehicle market was red-hot in April. United States Moody’s Analytics Policy Uncertainty Index April 30: United States CreditForecast.com Household Credit Report Apr. 2021: 4.77% y/y The consumer credit market expanded in April, increasing by $78 billion, a 0.55% month-to-month change. The consumer credit market is now $14.3 trillion in outstanding debt and is 4.77% higher than where it was last year. Indonesia GDP 2021Q1: United States Semiconductor Billings Mar. 2021: 3.7% Global semiconductor sales returned to form in March. » VIEW MORE ECONOMIC INDICATORS |
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