| Today's Economy
Final Thoughts Ahead of U.S. November Employment We look for a net gain of 620,000 and a drop in the unemployment rate to 4.4%. What Goes Up Must Come Down U.S. wholesale prices point toward a decent drop in retail gasoline prices. LatAm Daily Briefing: Prospects Revised Down for Mexico A third-quarter slowdown hurts the economy’s overall growth rate. Capital Market View: Does the Fed Have a Plan for the Worst? Poor liquidity in the Treasury markets could test the Fed's intention to accelerate tapering. » VIEW MORE TODAY'S ECONOMY
Commentary
A Closer Look at the Thanksgiving Travel Revival The holiday weekend brought a semblance of normalcy, but patterns differed across regions. CEE Outlook: The Worst Wave Yet The ongoing pandemic and persistent disruptions to the global supply chain will weigh on Central and Eastern Europe’s near-term outlook. U.S. Inflation Tracker Update: Food and Fuel Remain Key Consumer prices will remain volatile in early 2022. U.S. B2B Tracker: Rising Prices Pass to Smaller Firms Businesses were spending nearly 20% more in October than a year earlier as they work to replenish inventories and meet surging demand. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
Nov. 2021: 39.2
Japan’s consumer confidence index remained unchanged at 39.2 in November. Switzerland
Retail Sales
Oct. 2021: 1.2% y/y
Swiss retail sales picked up by 0.7% m/m in October after increasing by just 0.1% m/m in September. Austria
GDP
2021Q3: 3.8% q/q
Final estimates for third-quarter GDP published by the Austrian Statistics Office confirm the economy’s strong performance. Italy
Unemployment
Oct. 2021: 9.4%
Italy’s October employment report was mixed. Euro Zone
Unemployment
Oct. 2021: 7.3%
The euro zone’s seasonally adjusted unemployment rate declined to 7.3% in October from 7.4% in September. Brazil
GDP
2021Q3: 4.0% y/y
Brazil’s economy reported a second quarterly contraction in the third quarter despite the decline in infections. United States
Challenger Report
Nov. 2021: 14,875
Job cut announcements dropped to 14,875 in November, a nearly 35% decrease from October and the lowest reported total since May 1993. The 302,918 announced job cuts from January to November are the lowest such total on record. United States
Jobless Claims
November 27: 222,000
U.S. initial claims for unemployment insurance benefits are volatile this time of year, so one needs to take them with a grain of salt. United States
Moody's Analytics Beige Book Index
Dec. 2021: 180.6
The Moody’s Analytics Beige Book Index fell from 194.4 in October to 180.6 in December. World
Moody's Analytics Global HPI
2021Q3: 13.2% y/y
The Moody’s Analytics estimate of the global housing price index increased by 4.3% q/q in nominal terms and by 2.4% in real terms during the third quarter. United States
St. Louis Fed Financial Stress Index
November 26: -0.64
Financial stress increased last week, for the second straight week, but remains supportive for economic growth. United States
Natural Gas Storage Report
November 26: -59 bil cubic feet
Last week’s draw in natural gas stocks closely matched analyst predictions, suggesting that this report will not move prices too drastically. Belgium
Unemployment
Oct. 2021: 6.3%
Belgium’s seasonally adjusted unemployment rate was 6.3% in October, unchanged from September's unrevised figure. United States
Vehicle Sales - BEA
Nov. 2021: 12.9 mil, SAAR
U.S. new-vehicle sales stalled at 12.9 million seasonally adjusted annualized units in November. United States
Semiconductor Billings
Oct. 2021:
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