Today's Economy Economic Roundup: Pump Pains Hit Consumer Sentiment Confidence drops and short-run inflation expectations jump. Geopolitical Risk Calendar: EU Moves to Dump Russian Energy The RePowerEU plan looks to cut gas imports by two-thirds this year. U.S. Inflation Heat Map Update Energy prices are on the rise. Europe Daily Briefing: U.K. GDP Rebounds Strongly for January The gain reversed a December contraction, but wide effects of the military conflict in Ukraine will limit the recovery. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Weekly Highlights and Preview, March 11, 2022 Higher inflation becomes the rule, not the exception, throughout the region. U.S. CPI by Demographics: An Update Inflation is high for everyone, but it differs across income, age, race, education and geography. Beyond the Commodities Crunch: From Fears to Fundamentals We look for volatility to ease, but higher prices will take a widespread toll on growth. Europe Weekly Highlights and Preview, 11 March, 2022 We expect a rate hike by the BoE as U.K. inflation heats up. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia Retail Sales Feb. 2022: 14.5% y/y Indonesian retail sales rose 14.5% year on year in February, moderating from January’s 15.2% y/y increase. Germany Consumer Price Index Feb. 2022: 5.1% y/y German price pressures intensified only modestly in February, but it is important to remember that the latest data from the Statistisches Bundesamt largely pre-date Russia’s invasion of Ukraine and the subsequent energy market fallout. China Monetary Aggregates Feb. 2022: 9.2% y/y Spain Consumer Price Index Feb. 2022: 7.6% y/y Spain's consumer price index rose by 7.6% in yearly terms in February after a 6.1% gain in January. United Kingdom Monthly GDP Jan. 2022: 0.8% m/m U.K. Brazil Consumer Price Index Feb. 2022: 10.54% y/y As expected, Brazil’s annual inflation rose again in February for a second consecutive month. Mexico Industrial Production Jan. 2022: 4.3% y/y Industrial production in Mexico advanced a little further at the start of the year, despite the rise in infections. Peru Monetary Policy Mar. 2022: 4.0% The Central Reserve Bank of Peru did not go as hard as we expected, opting to leave more on the table for the April policy meeting. Canada Industrial Capacity Utilization 2021Q4: 82.9% Canadian industrial capacity recovered well in the fourth quarter and has hit its highest rate since the second quarter of 2019. Canada Labor Force Survey Feb. 2022: 5.5% What a difference a month makes. United States Moody’s Analytics & CNN Business Back-to-Normal Index March 09: 93.8 The Moody’s Analytics & CNN Business Back-to-Normal Index moved in the right direction this week, rising from a revised 93.3 to 93.8. India Industrial Production Jan. 2022: 1.3% y/y India's industrial production index has fully recovered, and although it flattened out on a monthly basis, it was still up 1.3% y/y in January, compared with 0.7% in December. United States University of Michigan Consumer Sentiment Survey Mar. 2022: 59.7 U.S. consumer confidence fell for the third straight month, and for five of the last six months, to yet another cyclical low in March as gasoline prices continued to rise and the stock market kept falling, according to the preliminary report from the University of Michigan. United States Quarterly Services Survey 2021Q4: U.S. service industries saw solid revenue growth in the fourth quarter, but the Omicron variant of COVID-19 likely dinged it early this year. United States Cox Automotive/Moody’s Analytics Vehicle Affordability Index Feb. 2022: Canada RPS House Price Index Feb. 2022: » VIEW MORE ECONOMIC INDICATORS |