The Economist - USA (2021-02-06)

72 The EconomistFebruary 6th 2021

Economic data

Gross domestic product Consumer prices Unemployment Current-account Budget Interest rates Currency units

% change on year ago % change on year ago rate balance balance 10-yr gov't bonds change on per $ % change

latest quarter* 2020† latest 2020† % % of GDP, 2020† % of GDP, 2020† latest,% year ago, bp Feb 3rd on year ago

United States -2.5 Q4 4.0 -3.6 1.4 Dec 1.2 6.7 Dec -2.2 -14.9 1.1 -39.0 -

China 6.5 Q4 10.8 1.9 0.2 Dec 2.5 5.2 Dec‡§ 1.5 -5.2 3.0 §§ 43.0 6.46 8.7

Japan -5.7 Q3 22.9 -5.3 -1.2 Dec nil 2.9 Dec 2.7 -12.2 nil -8.0 105 3.5

Britain -8.6 Q3 81.1 -11.4 0.6 Dec 0.9 5.0 Oct†† -1.3 -19.7 0.4 -20.0 0.73 5.5

Canada -5.2 Q3 40.5 -5.3 0.7 Dec 0.8 8.8 Dec -2.1 -13.5 0.9 -31.0 1.28 3.9

Euro area -5.1 Q4 -2.8 -7.6 0.9 Jan 0.3 8.3 Dec 2.6 -9.2 -0.5 -1.0 0.83 8.4

Austria -4.0 Q3 54.6 -6.9 1.2 Dec 1.1 5.8 Dec 2.4 -8.5 -0.3 -6.0 0.83 8.4

Belgium -4.7 Q4 0.8 -7.9 0.3 Jan 0.4 5.8 Dec -1.3 -9.1 -0.3 -11.0 0.83 8.4

France -5.0 Q4 -5.3 -9.2 0.6 Jan 0.5 8.9 Dec -2.3 -11.3 -0.3 -7.0 0.83 8.4

Germany -3.9 Q4 0.4 -5.4 1.0 Jan 0.4 4.6 Dec 6.8 -7.0 -0.5 -1.0 0.83 8.4

Greece -9.6 Q3 9.5 -9.9 -2.3 Dec -1.4 16.7 Oct -6.6 -9.2 0.6 -57.0 0.83 8.4

Italy -6.6 Q4 -7.7 -9.1 0.2 Jan -0.1 9.0 Dec 2.9 -11.3 0.6 -38.0 0.83 8.4

Netherlands -2.5 Q3 34.8 -4.4 1.0 Dec 1.1 3.8 Mar 7.2 -6.9 -0.5 -14.0 0.83 8.4

Spain -9.1 Q4 1.6 -11.4 0.5 Jan -0.3 16.2 Dec 0.8 -12.0 0.1 -15.0 0.83 8.4

Czech Republic -5.3 Q3 1.2 -6.6 2.3 Dec 3.1 3.2 Dec‡ 1.3 -6.7 1.4 -9.0 21.6 5.7

Denmark -3.8 Q3 22.6 -4.0 0.5 Dec 0.4 4.4 Dec 8.5 -3.6 -0.3 9.0 6.19 9.2

Norway -0.2 Q3 19.7 -1.7 1.4 Dec 1.4 5.0 Nov‡‡ 3.2 -1.3 1.2 -16.0 8.60 7.8

Poland -1.8 Q3 35.5 -3.0 2.4 Dec 3.4 6.2 Dec§ 2.6 -7.9 1.2 -95.0 3.73 4.3

Russia -3.4 Q3 na -3.8 4.9 Dec 3.4 5.9 Dec§ 2.1 -4.3 6.7 30.0 76.0 -16.4

Sweden -2.6 Q4 2.0 -3.2 0.5 Dec 0.4 8.2 Dec§ 4.8 -3.5 0.1 17.0 8.42 14.6

Switzerland -1.6 Q3 31.9 -3.0 -0.8 Dec -0.7 3.4 Dec 9.1 -3.7 -0.4 30.0 0.90 7.8

Turkey 6.7 Q3 na 0.4 15.0 Jan 12.3 12.7 Oct§ -5.4 -3.4 12.7 272 7.16 -16.5

Australia -3.8 Q3 14.0 -2.9 0.9 Q4 0.9 6.6 Dec 1.2 -7.3 1.1 21.0 1.31 13.7

Hong Kong -3.0 Q4 11.8 -5.7 -0.6 Dec 0.4 6.6 Dec‡‡ 5.5 -6.7 1.0 -34.0 7.75 0.3

India -7.5 Q3 125 -7.9 4.6 Dec 6.7 6.5 Jan 1.3 -7.2 6.1 -42.0 73.0 -2.2

Indonesia -3.5 Q3 na -2.2 1.6 Jan 2.0 7.1 Q3§ -1.4 -7.2 6.1 -56.0 14,005 -1.9

Malaysia -2.7 Q3 na -5.3 -1.4 Dec -1.1 4.8 Nov§ 4.8 -7.4 2.7 -42.0 4.05 1.5

Pakistan 0.5 2020** na -2.8 5.7 Jan 9.5 5.8 2018 0.1 -8.1 9.9 ††† -125 160 -3.5

Philippines -8.3 Q4 24.4 -9.3 3.5 Dec 2.6 8.7 Q4§ 3.4 -7.8 3.1 -143 48.0 5.8

Singapore -3.8 Q4 8.7 -6.0 nil Dec -0.3 3.2 Q4 18.0 -13.9 1.1 -51.0 1.33 3.0

South Korea -1.3 Q4 4.4 -1.0 0.6 Jan 0.5 4.1 Dec§ 3.8 -5.7 1.8 22.0 1,115 7.2

Taiwan 4.9 Q4 7.8 2.4 0.1 Dec -0.2 3.8 Dec 13.8 -1.5 0.3 -27.0 27.9 8.4

Thailand -6.4 Q3 28.8 -6.1 -0.3 Dec -0.8 1.5 Dec§ 3.7 -6.4 1.2 6.0 30.1 3.4

Argentina -10.2 Q3 61.7 -9.8 36.1 Dec‡ 42.0 11.7 Q3§ 1.4 -8.0 na -464 87.8 -31.2

Brazil -3.9 Q3 34.6 -4.4 4.5 Dec 3.2 14.1 Nov§‡‡ -0.7 -15.8 7.3 70.0 5.37 -21.0

Chile -9.1 Q3 22.6 -6.2 3.0 Dec 3.0 10.3 Dec§‡‡ 1.4 -7.9 2.6 -85.0 732 7.6

Colombia -9.5 Q3 39.6 -7.0 1.6 Dec 2.5 13.4 Dec§ -3.6 -8.8 4.8 -88.0 3,520 -3.4

Mexico -4.5 Q4 13.0 -8.9 3.2 Dec 3.4 4.4 Dec 2.3 -4.5 5.2 -145 20.2 -7.1

Peru -9.4 Q3 187 -12.0 2.7 Jan 1.8 11.8 Dec§ 1.0 -8.0 3.7 -21.0 3.64 -7.4

Egypt 0.7 Q3 na 3.6 5.4 Dec 5.1 7.3 Q3§ -3.6 -8.5 na nil 15.7 0.7

Israel -1.5 Q3 39.7 -3.7 -0.7 Dec -0.6 4.8 Dec 4.0 -11.3 0.9 nil 3.30 4.5

Saudi Arabia 0.3 2019 na -4.2 5.4 Dec 3.4 8.5 Q3 -3.7 -10.6 na nil 3.75 nil

South Africa -6.0 Q3 66.1 -7.3 3.1 Dec 3.3 30.8 Q3§ 0.6 -16.0 8.4 -46.0 15.0 -0.6

Source: Haver Analytics. *% change on previous quarter, annual rate. †The Economist Intelligence Unit estimate/forecast. §Not seasonally adjusted. ‡New series. **Year ending June. ††Latest 3 months. ‡‡3-month moving

average. §§5-year yield. †††Dollar-denominated bonds.

Commodities

TheEconomist commodity-price index % change on

2015=100 Jan 26th Feb 2nd* month year

DollarIndex

AllItems 158.4 153.7 -3.3 41.4

Food 124.5 125.4 1.5 28.2

Industrials

All 190.0 180.1 -6.2 51.5

Non-foodagriculturals 131.8 133.4 1.7 33.9

Metals 207.3 194.0 -7.7 55.7

SterlingIndex

Allitems 175.9 172.1 -3.6 35.1

EuroIndex

Allitems 144.4 141.7 -1.3 29.8

Gold

$ peroz 1,853.5 1,838.6 -5.6 18.2

Brent

$ perbarrel 56.0 57.5 7.2 4.5

Sources:Bloomberg; CME Group; Cotlook; Refinitiv Datastream;

Fastmarkets;FT; ICCO; ICO; ISO; Live Rice Index; LME; NZ Wool

Services;Thompson Lloyd & Ewart; Urner Barry; WSJ. *Provisional.

Markets

% change on: % change on:

Index one Dec 31st index one Dec 31st

In local currency Feb 3rd week 2019 Feb 3rd week 2019

United States S&P 500 3,830.2 2.1 18.6

United States NAScomp 13,610.5 2.6 51.7

China Shanghai Comp 3,517.3 -1.6 15.3

China Shenzhen Comp 2,380.8 -1.7 38.2

Japan Nikkei 225 28,646.5 nil 21.1

Japan Topix 1,871.1 0.6 8.7

Britain FTSE 100 6,507.8 -0.9 -13.7

Canada S&P TSX 17,915.9 2.8 5.0

Euro area EURO STOXX 50 3,609.7 2.1 -3.6

France CAC 40 5,563.1 1.9 -6.9

Germany DAX* 13,933.6 2.3 5.2

Italy FTSE/MIB 22,527.9 4.0 -4.2

Netherlands AEX 654.9 1.1 8.3

Spain IBEX 35 8,012.8 2.0 -16.1

Poland WIG 56,944.1 0.9 -1.5

Russia RTS, $ terms 1,387.0 -0.4 -10.5

Switzerland SMI 10,775.7 -1.2 1.5

Tu r ke y BIST 1,533.6 4.5 34.0

Australia All Ord. 7,090.9 0.4 4.2

Hong Kong Hang Seng 29,307.5 nil 4.0

India BSE 50,255.8 6.0 21.8

Indonesia IDX 6,077.7 -0.5 -3.5

Malaysia KLSE 1,583.0 0.1 -0.4

Pakistan KSE 46,933.6 1.0 15.2

Singapore STI 2,927.5 -1.1 -9.2

South Korea KOSPI 3,129.7 0.2 42.4

Taiwan TWI 15,771.3 0.4 31.5

Thailand SET 1,481.8 -1.1 -6.2

Argentina MERV 49,857.6 -0.2 19.6

Brazil BVSP 119,724.8 3.3 3.5

Mexico IPC 43,957.1 -0.7 1.0

Egypt EGX 30 11,619.1 0.3 -16.8

Israel TA-125 1,655.4 1.0 2.4

Saudi Arabia Tadawul 8,542.6 -2.8 1.8

South Africa JSE AS 63,010.6 0.4 10.4

World, dev'd MSCI 2,737.9 1.6 16.1

Emerging markets MSCI 1,392.6 1.5 24.9

US corporate bonds, spread over Treasuries

Dec 31st

Basis points latest 2019

Investment grade 134 141

High-yield 404 449

Sources: Refinitiv Datastream; Standard & Poor's Global Fixed Income

Research. *Total return index.

Formorecountriesandadditionaldata,visit

Economist.com/indicators

Economic & financial indicators