| Today's Economy
Canada Weekly: Construction Is Down but Not Out House prices and construction activity have fallen from pre-pandemic highs, but have stabilized. Supply-Chain Issues and Energy Boost U.S. CPI Inflation is otherwise close to where the Fed would want it. Geopolitical Risk Calendar: Inflation Grabs the Spotlight at the Fed The Fed gives inflation high priority; China's Olympic Games encounter diplomatic hurdles. Europe Daily Briefing: Croatia Gets Green Light to Join Schengen Area The prospect of passport-free travel is good news for the country's tourism sector. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. COVID-19 Tracker Update: Delta Still Has a Grip Congress is steadily checking off its December to-do list. Latin America Weekly Highlights and Preview, December 10, 2021 Recession rears its head in Brazil; inflation-driven rate hikes are coming to Mexico, Chile and Colombia. China Risk Matrix Update: Stabilising Growth, Persistent Risks Property market woes and economic slowdown present a significant threat to the country’s financial stability. Europe Weekly Highlights and Preview, 10 December, 2021 Final estimates of the euro zone harmonized index of consumer prices will likely report a 4.9% y/y increase for November. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada
RPS House Price Index
Nov. 2021:
Germany
Consumer Price Index
Nov. 2021: 5.2% y/y
Germany’s consumer price index increased 5.2% y/y in November, the largest year-over-year gain in more than 20 years. Denmark
Consumer Price Index
Nov. 2021: 3.4% y/y
Denmark’s Consumer Price Index was up 3.4% y/y in November. Finland
Industrial Production
Oct. 2021: 0.2% m/m
Finland’s industrial production expanded by a marginal 0.2% m/m after an upwardly revised 0.7% increase in September. Norway
Consumer Price Index
Nov. 2021: 5.1% y/y
Norway’s consumer price index rose to 5.1% y/y in November from 3.5% y/y in October. Spain
Industrial Production
Oct. 2021: -0.4% m/m
Spain’s industrial production contracted by 0.4% m/m in October and recorded the third negative reading in the last four months. Austria
Industrial Production
Oct. 2021: -0.3% m/m
Constrained by the global supply-side crunch, Austrian industrial production shrank for the fourth consecutive month, by 0.3% m/m in October. United Kingdom
Monthly GDP
Oct. 2021: 0.1% m/m
U.K. Italy
Industrial Production
Oct. 2021: -0.6% m/m
Italy’s industrial production ticked down in October, mainly due to a slump in capital goods production. Brazil
Consumer Price Index
Nov. 2021: 10.74% y/y
Brazil’s inflation climbed higher in November as prices remained under pressure and expectations deteriorated further. Supply and demand pressures keep pushing the annual inflation rate well above the target’s upper limit. India
Industrial Production
Oct. 2021: 3.2% y/y
India's industrial production index held almost steady in October at 3.2% y/y following a posting of 3.3% in September. Russian Federation
Foreign Trade
Oct. 2021: US$19.8 bil
Russia’s foreign trade performance moderated slightly in October with the trade balance narrowing to $19.8 billion from $20 billion in the previous month. Mexico
Industrial Production
Oct. 2021: 0.7% y/y
The national industry in Mexico underperformed in October in annual terms but advanced positively in monthly terms. United States
Consumer Price Index
Nov. 2021: 0.8% m/m
The Federal Reserve is feeling the pressure to address U.S. inflation, and the November consumer price index essentially seals an acceleration in its tapering. Canada
Industrial Capacity Utilization
2021Q3: 81.4%
Canadian industrial capacity recorded its first decline since the COVID-19 pandemic struck. Netherlands
Industrial Production
Oct. 2021: 9.9% y/y
Seemingly powering through the global supply squeeze, average daily industrial production stood 9.9% higher than a year earlier in October. Peru
Monetary Policy
Dec. 2021: 2.5%
Central bank officials delivered another 50-basis point rate hike in their December meeting, bringing the policy rate to 2.5%. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
December 08: 94.1
The Moody’s Analytics & CNN Business Back-to-Normal Index clawed back some gains this week, rising from 91.7 to 94.1. United States
University of Michigan Consumer Sentiment Survey
Dec. 2021: 70.4
Despite the continued weight from high infection rates, gasoline prices and political brinkmanship, U.S. consumer confidence rose in December, according to the preliminary report from the University of Michigan. United States
Quarterly Services Survey
2021Q3:
U.S. service industries saw solid revenue growth in the third quarter. World
Moody's Analytics Global CPI
Nov. 2021: 1.2% m/m
The Moody’s Analytics estimate of worldwide consumer price inflation picked up to 7.9% y/y in November from 7.1% in October. United States
Treasury Budget
Nov. 2021: -$191.3 bil
Federal fiscal conditions are showing initial signs of improving from fiscal 2021, when the economy was weaker and fiscal policy was in overdrive. » VIEW MORE ECONOMIC INDICATORS | 
