| Today's Economy
Inside Economics Podcast: Episode 38—Crypto and Dollars The U.S. dollar's value and status as the world's leading reserve currency remain strong. Europe Daily Briefing: French Unemployment Falls Again France's labor market improved ahead of a tough winter. Asia-Pacific Daily Briefing: Japan's Consumer Spending Rallies Retail sales have remained elevated relative to service consumption throughout the pandemic. Asia-Pacific Daily Briefing: Singapore's Industrial Production Picks Up Pace Fuel prices pushed up core inflation in Japan. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Commodities Outlook: Will OPEC+ Stick to Plan? The cartel could decide it is better served pumping less oil so that it can fetch higher prices. U.S. Chartbook: Unwrapping Data on Households The labor market’s strength remains an important driver for consumer activity as we take stock of late-2021 economic data. U.S. Employment Outlook: Signal or Noise? All jobs lost during the pandemic will be recovered by the second half of 2022. U.S. Credit Outlook: Implications of Higher Rates Performance is the biggest worry for 2022. » VIEW MORE COMMENTARY
Today's Economic Indicators
Portugal
Retail Sales
Nov. 2021: 9.9% y/y
Portuguese retail sales increased by 2.8% m/m in November, marking the fourth monthly gain in a row. United States
Advance Wholesale and Retail Inventories
Nov. 2021: 1.2% m/m
Wholesale inventories grew again in November, rising 1.2% after a 2.5% jump in October. United States
International Trade in Goods - Advanced
Nov. 2021: -$97.8 bil
U.S. net exports could be a drag on fourth-quarter GDP growth. United States
Pending Home Sales
Nov. 2021: 122.4
The NAR pending home sales index dropped 2.2% to 122.4 in November, giving back some of October’s gains, but is still hovering near a one-year high. United States
Oil Inventories
December 24: 420.0 mil barrels
A somewhat larger-than-expected decline in oil inventories will support oil prices. Russian Federation
Retail Sales
Nov. 2021: 3.1% y/y
Seasonally adjusted Russian retail sales declined by 2.7% m/m in November, reversing the 0.8% increase in October. Russian Federation
Unemployment
Nov. 2021: 4.3%
Russia's unemployment rate remains at a historic low. South Korea
Industrial Production
Nov. 2021:
South Korea
Retail Sales
Nov. 2021:
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