Today's Economy LatAm Daily Briefing: Another Kind of Commodity Boom The region will benefit from a temporary commodity price boost. Biden’s SOTU Address Does Not Alter Our Baseline Forecast The president went through a laundry list of fiscal proposals, but few will become law this year. Europe Daily Briefing: Ukraine Invasion Pushes Up Oil Prices Supply and demand are hit despite sanctions not specifically targeting Russian oil. Asia-Pacific Daily Briefing: Now That's a Rebound Australia's GDP surged by 3.4% in the fourth quarter after Delta's hit to the third stanza. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Inflation Tracker: No Rest Companies’ embrace of hybrid and telework arrangements may keep goods consumption and prices running hot in 2022. Europe Inflation Tracker: Record Inflation Keeps Increasing The spike in energy prices has kept inflation from moderating. Inflation's Squeeze on U.S. Small Business Stark differences in spending growth appear where there have been notable shortages and other supply-chain difficulties. Global Vaccine Tracker: Progress Continues As output and employment recover, efforts are underway to broaden regional vaccine rollouts. » VIEW MORE COMMENTARY
Today's Economic Indicators
Austria Employment and the Labour Market Jan. 2022: 8.0% Austria's unemployment data gave mixed signals in January. Germany Unemployment Feb. 2022: 5% Germany’s unemployment rate fell another 10 basis points in February, dropping to 5% and landing on par with precrisis levels. Euro Zone Preliminary Consumer Price Index Feb. 2022: 5.8% y/y Preliminary estimates of the euro zone’s harmonized index of consumer prices reported a 5.8% y/y inflation rate this February. Belgium GDP 2021Q4: 0.5% q/q Belgian GDP advanced by 0.5% q/q in the fourth quarter, decelerating from the 2% gain in the third quarter. Portugal Industrial Production Jan. 2022: -3.2% Portuguese industrial production took a step back in January. United States MBA Mortgage Applications Survey February 25: -0.7% Mortgage application volume fell again in the week ended February 25, marking four consecutive weekly contractions. United States ADP National Employment Report Feb. 2022: 475,000 m/m, ths Employment gains remain remarkably strong, despite challenges to the broader economy. Canada Monetary Policy Mar. 2022: 0.5% Monetary policy tightening has commenced. United States Moody's Analytics Inflation Expectations Pulse February 27: 2.68% Inflation expectations edged higher in the week ended February 27, according to the Moody’s Analytics Inflation Expectations Pulse. United States Oil Inventories February 25: 413.4 mil barrels Oil inventories fell last week, as crude imports declined and domestic output remained mostly flat. Russian Federation Retail Sales Jan. 2022: 3.6% y/y Seasonally adjusted Russian retail sales plummeted by 23.4% m/m in January following the imposition of stricter pandemic measures during the New Year holidays amid the spread of the Omicron variant of COVID-19, overturning the 20.9% gain in December. Russian Federation Unemployment Jan. 2022: 4.3% United States Vehicle Sales - BEA Feb. 2022: 14.1 mil, SAAR The SAAR for U.S. new-vehicle sales took a slight step back to 14.1 million in February. United States Monthly GDP Jan. 2022: -1.0% m/m The U.S. economy got off to a poor start this year because of the Omicron variant of COVID-19. United States Beige Book Mar. 2022: The U.S. economy advanced at a modest to moderate pace, according to Beige Book anecdotes collected from the Federal Reserve districts. United States Semiconductor Billings Jan. 2022: South Korea GDP 2021Q4: Australia Foreign Trade Jan. 2022: » VIEW MORE ECONOMIC INDICATORS |