| Today's Economy
Economic Roundup: Final Thoughts Ahead of February U.S. Employment The forecast is for employment to have risen by 515,000 as the impact of Omicron fades. LatAm Daily Briefing: Navigating the Russia-Ukraine Conflict It may enable the region to become an important commodity supplier. Europe Daily Briefing: Services PMIs Recover in February With easing pandemic restrictions, services PMIs rebounded. Military Conflict Threatens Global Commodity Supplies The world relies on both Russia and Ukraine for key products. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. CPI by Income Group Our new measure monitors inflation's impact across the income distribution. Invasion of Ukraine Felt in U.S. Regional Economies The economic shock emanating from Europe will cause moderate pain for many states and metro areas. Russia-Ukraine's Impact on Global Supply Chains The most salient adverse impact will be felt in countries primarily in Europe that are recipients of Russian oil and natural gas. U.S. Inflation Tracker: No Rest Companies’ embrace of hybrid and telework arrangements may keep goods consumption and prices running hot in 2022. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
Feb. 2022: 35.3
Japan’s consumer confidence index ticked down to 35.3 in February as a record surge in COVID-19 infections dented the willingness of households to spend. United States
Moody's CMBS Delinquency Tracker
Jan. 2022: 5.30%
The Moody’s Delinquency Tracker total delinquency rate increased 6 basis points to 5.3% in January. Denmark
Unemployment rate
Jan. 2022: 2.7%
Denmark’s unemployment rate increased from 2.5% to 2.7% in January from December. Switzerland
Consumer Price Index
Feb. 2022: 2.2%
Switzerland’s CPI increased by 2.2% y/y in February, speeding up considerably from the 1.6% rise in January. Malaysia
Monetary policy
Mar. 2022: 1.75%
Bank Negara Malaysia kept its overnight policy rate at 1.75% in its March meeting, in line with our expectations. Italy
Unemployment
Jan. 2022: 8.8%
Italy’s employment situation held steady in January. Euro Zone
Unemployment
Jan. 2022: 6.8%
The euro zone’s unemployment rate declined to 6.8% in January from 7% in December, as there were 214,000 fewer unemployed workers. United States
Challenger Report
Feb. 2022: 15,245
U.S.-based employers announced 15,245 job cuts in February, down 20% from January (19,064 cuts) and 56% from February 2021 (34,531 cuts). United States
Jobless Claims
February 26: 215,000
U.S. initial claims for unemployment insurance are falling again following a temporary Omicron-related increase. United States
Moody's Analytics Beige Book Index
Mar. 2022: 155.6
The Moody’s Analytics Beige Book Index fell from 163.9 in January to 155.6 in March. United States
Productivity and Costs
2021Q4: 6.6%, q/q, SAAR
The revised estimate of fourth-quarter U.S. productivity growth came with no significant adjustments. United States
Factory Orders (M3)
Jan. 2022: 1.4% m/m
United States
St. Louis Fed Financial Stress Index
February 25: -0.54
Financial stress increased for the second consecutive week as markets digested news surrounding the Russian invasion of Ukraine. United States
ISM Nonmanufacturing Index
Feb. 2022: 56.5
The U.S. nonmanufacturing sector expanded in February for the 21st month in a row, but the breadth of growth was narrower. United States
Natural Gas Storage Report
February 25: -139 bil cubic feet
Last week’s draw in natural gas stocks closely matched analyst expectations, so this report will not have much effect on gas prices. Brazil
Foreign Trade
Feb. 2022: US$4.05 bil
Brazil's trade balance turned positive in February after starting the year in negative territory. United States
Semiconductor Billings
Jan. 2022:
South Korea
Consumer Price Index
Feb. 2022:
Japan
Employment Situation
Jan. 2022:
China
Manufacturing PMI
Feb. 2022: 50.2
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