| Today's Economy
Capital Market View: U.S. Corporate Bond Market Will Fight the Fed All Year The Fed may turn to its balance sheet to tighten financial market conditions. Canada Weekly: Empty Cupboards? Declining North American farm inventories point toward higher food prices. Geopolitical Risk Calendar: EU Prepares More Sanctions on Russia After the Bucha attack, the bloc looks to ban coal imports. Europe Daily Briefing: Spain’s Industrial Production Gains Manufacturing output also ticked up in Denmark and Austria but fell in the Netherlands. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Taking a Turn for the Worse Higher inflation, more acute supply shortages, lower sentiment, and higher rates are here to stay. U.S. COVID-19 Tracker: Too Much of a Good Thing? Businesses are not laying off workers since they know the enormous challenges they face in filling open positions. Latin America Weekly Highlights and Preview, April 8, 2022 Global price increases continue to exacerbate regional inflation. U.S. Energy Independence Is No Saving Grace Energy independence can dampen the blow of energy price shocks, but it cannot prevent them. » VIEW MORE COMMENTARY
Today's Economic Indicators
Philippines
Foreign Trade
Feb. 2022: 15%
The Philippines' foreign trade deficit narrowed to $3.5 billion in February from January's $4.7 billion. United States
California Manufacturing Survey
2022Q2: 64.6
The California Purchasing Managers' Composite Index is inching forward, indicating expectations for slightly faster expansion in the second quarter. Netherlands
Industrial Production
Feb. 2022: -1.7% m/m
Industrial production excluding construction and energy contracted for the second consecutive month in February. Japan
Consumer Confidence
Mar. 2022: 32.8
Japan’s consumer confidence index fell further in March, plummeting to 32.8, down from 35.2 in February. India
Monetary Policy
Apr. 2022: 4%
The Reserve Bank of India kept its benchmark policy rate unchanged at 4% in its April meeting. Denmark
Industrial Production
Feb. 2022: 1.5% m/m
Danish industrial production expanded 1.5% m/m from January to February. Finland
Industrial Production
Feb. 2022: 1% m/m
Finland’s industrial production recovered by 1% m/m after contracting by a downwardly revised 3.3% m/m in January. Spain
Industrial Production
Feb. 2022: 0.9% m/m
Spain’s industrial production increased by 0.9% m/m in February in seasonally and calendar-adjusted terms. Austria
Industrial Production
Feb. 2022: 2.2% m/m
The headline industrial production index in Austria increased by a healthy 2.2% m/m in February, slowing from an upwardly revised 4.2% m/m jump in January. Taiwan (China)
Consumer Price Index
Mar. 2022: 3.3% y/y
Taiwan’s headline consumer price index rose 3.3% over the year in March, with the fuel subcategory increasing as oil prices are trending at near-record prices. Taiwan (China)
Foreign Trade
Mar. 2022: US$4.7 bil
Taiwan's trade surplus increased 30.3% over the year to hit US$4.7 billion in March. Italy
Retail Sales
Feb. 2022: 0.7% m/m
Italy’s retail sales ticked up by 0.7% m/m in February as a result of higher nonfood spending after falling in January. Russian Federation
Monetary Policy
Apr. 2022: 17%
The Central Bank of Russia implemented a 300-basis point interest rate cut at its unplanned April meeting. Canada
Labor Force Survey
Mar. 2022: 5.3%
Tally another big win for the labor market. Chile
Consumer Price Index
Mar. 2022: 9.4% y/y
Chile’s inflation rebounded strongly in March as consumer prices reported strong monthly increases. Brazil
Consumer Price Index
Mar. 2022: 11.30% y/y
Brazil’s annual inflation rebounded again in March and stayed at the double-digit rate. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
April 06: 94.0
The Moody’s Analytics & CNN Business Back-to-Normal Index slid 0.4 point this week from a revised 94.4 to 94. United States
Wholesale Trade (MWTR)
Feb. 2022: 2.5% m/m
Wholesale inventories jumped 2.5% in February, and January’s figure was revised upward to 1.2% (previously 0.8%). Peru
Monetary Policy
Apr. 2022: 4.5%
Policymakers at the Central Reserve Bank of Peru delivered another 50-basis point hike in the April meeting, but there was little news in the board's policy statement after large revisions in the March communique. Russian Federation
Consumer Price Index
Mar. 2022: 16.7% y/y
Russia's annual inflation rate climbed higher in March, accelerating to a whopping 16.7% y/y after reaching 9.2% previously. Russian Federation
GDP
2021Q4: 5.0% y/y
After the significant rise in the first half of 2021, economic growth has slowed in the third and fourth quarters, closer to the pre-pandemic rate. » VIEW MORE ECONOMIC INDICATORS | 
