| Today's Economy
Economic Roundup: Housing Shakes Off Winter Blues U.S. housing starts hit 1.769 million annualized units in February, the highest since mid-2006. U.S. Supply-Chain Stress Update: Trouble Ahead The U.S. SCSI improved again in January, though the good news ends there. LatAm Daily Briefing: Mexico Needs to Leave Inflation Complacency Behind Monetary policy inaction could make an already-prolonged inflation cycle worse. Europe Daily Briefing: Euro Zone Inflation Hits Record Euro zone inflation rose to 5.9% y/y in February. » VIEW MORE TODAY'S ECONOMY
Commentary
Russia-Ukraine Tracker: Markets Calmer Amid Peace Talks After peaking at $140 a barrel, Brent crude is around $100. Japan Risk Matrix Update: Stuck in Limbo The pandemic and the military conflict in Ukraine have kept the economy in check. Energy Shock: The Good, the Bad and the Ugly We've constructed three scenarios about future oil prices due to Russia's invasion of Ukraine. Initial Takeaways From State Benchmark Revisions The general upward trend is no surprise, but the degree of some states’ recoveries is noteworthy. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Unemployment
Feb. 2022: 3.4%
The Dutch labor market improved again in February. Indonesia
Monetary Policy
Mar. 2022: 3.50%
Bank Indonesia kept its key seven-day reverse repurchase rate unchanged at 3.5% for the 13th consecutive month. Austria
Consumer Price Index
Feb. 2022: 5.9% y/y
Inflation accelerated to 5.9% y/y in February, jumping up from 5% y/y in January. Hong Kong SAR (China)
Employment Situation
Feb. 2022: 4.5%
The seasonally adjusted unemployment rate in Hong Kong climbed to 4.5% for the December-to-February period, compared with 3.9% for the November-to-January period, reversing the steady decline since February 2021. Euro Zone
Consumer Price Index
Feb. 2022: 5.9% y/y
Final estimates reported an upwardly revised 5.9% y/y inflation rate for the euro zone in February. United States
Jobless Claims
March 12: 214,000
U.S. initial claims for unemployment insurance are improving again. United States
Philadelphia Fed Survey
Mar. 2022: 27.4
The Philadelphia Fed’s manufacturing index for March delivered a welcome surprise. United States
New Residential Construction (C20)
Feb. 2022: 1.769 mil, SAAR
Weather was no longer a drag on housing starts in February, as they rose 6.8% to 1.769 million annualized units, more than reversing the prior month’s loss and rising well above its six-month moving average of 1.664 million annualized units. United Kingdom
Monetary Policy and Minutes
Mar. 2022: 0.75%
The Bank of England lifted interest rates by 25 basis points to 0.75% in its March meeting, in line with expectations. United States
Industrial Production
Feb. 2022: 0.5% m/m
For consecutive months, U.S. industrial production came in stronger than anticipated. United States
St. Louis Fed Financial Stress Index
March 11: -0.46
Financial stress declined last week with the St. United States
Natural Gas Storage Report
March 11: -79 bil cubic feet
Last week’s draw in natural gas stocks was slightly greater than analyst predictions, which will support high gas prices. China
Foreign Trade
Feb. 2022:
Japan
Consumer Price Index
Feb. 2022:
Japan
Monetary Policy
Mar. 2022:
» VIEW MORE ECONOMIC INDICATORS | 