| Friday, December 31, 2021 |
| Today's Economy
Happy New Year Our Europe office will reopen Monday, January 3; Americas and Australia offices will reopen Tuesday, January 4. Asia-Pacific Issue Update: Regional Trade Deal Coming Into Effect South Korea was latest to join the Regional Comprehensive Economic Partnership. Inside Economics Podcast: Episode 38—Crypto and Dollars The U.S. dollar's value and status as the world's leading reserve currency remain strong. Europe Daily Briefing: French Unemployment Falls Again France's labor market improved ahead of a tough winter. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview, 31 December 2021 South Korea's exports will hold strong in December thanks to demand for semiconductors. Times of Plenty, Tough Decisions U.S. state and local current receipts have surpassed current expenditures in their longest streak since the 1970s. Investigating Downside Scenarios: What's in Store for APAC? We consider a property crash, a deteriorating COVID-19 situation, and early rate hikes in 2022. U.S. Commodities Outlook: Will OPEC+ Stick to Plan? The cartel could decide it is better served pumping less oil so that it can fetch higher prices. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Retail Sales
Nov. 2021: 4.2% y/y
Retail sales turnover growth in the Netherlands increased to 4.2% y/y in November despite a decline in consumer confidence. Chile
Employment
Nov. 2021: 7.5%
The national unemployment rate averaged 7.5% in the September-November rolling quarter, down from 10.8% a year earlier. Chile
Manufacturing Production
Nov. 2021: 5.01% y/y
The manufacturing industry reported further gains in November, with production showing an annual rebound. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
December 29: 86.8
The Moody’s Analytics & CNN Business Back-to-Normal Index took a dive this week, though this was anticipated because of the holidays. World
Moody's Analytics Global Risk of Recession
Oct. 2021: 26.1%
After pausing for a month in September, global recession risks continued their upward climb. Chile
Retail & Wholesale Sales
Nov. 2021: 13.6% y/y
Hot out of the frying pan may not be the best way to describe Chilean retail and wholesale spending in November, but it comes close, with retail sales scraping record highs for the seventh consecutive month. » VIEW MORE ECONOMIC INDICATORS |
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