Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Tuesday, December 07, 2021

Today's Economy


LatAm Daily Briefing: Colombia’s Recovery Remains Uneven

Despite expansion, the labor market still underperforms.

Europe Daily Briefing: Euro Zone GDP Booms This Summer

Private consumption drove the European economy in the third quarter.

Asia-Pacific Daily Briefing: Upside Surprise for China Trade

Higher prices underpin strong growth in exports and imports over the month.

LatAm Daily Briefing: Brazil’s Baggage Grows

A second-consecutive quarterly slump may indicate a recession.

» VIEW MORE TODAY'S ECONOMY



Commentary


Euro Zone Risk Matrix Update: Supply Worries

Omicron has increased the likelihood that disruptions will persist.

Global Vaccine Tracker: Omicron's Macroeconomic Impact

The surge in COVID-19 infections across Europe is triggering a new rush to administer booster vaccines to more-vulnerable populations.

U.S. Chartbook: Pandemic's Uneven Impacts

November's jobs number disappointed, though a more nuanced look is required.

Debt Ceiling Tracker: This Is Not a Fire Drill

The clock is once again ticking for Congress to avert a catastrophic default by the U.S. government.

» VIEW MORE COMMENTARY



Today's Economic Indicators


United States
CoreLogic Home Price Index
Oct. 2021: 18% y/y
The CoreLogic Home Price Index increased 18% year over year in October, up slightly from the 17.95% pace before revisions in September and still near its quickest pace ever recorded going back several decades.

Switzerland
Unemployment rate
Nov. 2021: 2.5%
Swiss unemployment continued its downward trajectory in November, falling to 2.5% from 2.7% in October.

Denmark
Industrial Production
Oct. 2021: 2.1% m/m
Industrial production increased by 2.1% m/m in October after a downwardly revised 7.3% m/m decrease in September.

Taiwan (China)
Consumer Price Index
Nov. 2021: 2.8% y/y
Taiwan’s headline Consumer Price Index accelerated to 2.8% over the year in November, in line with our expectations.

Taiwan (China)
Foreign Trade
Nov. 2021: US$5.7 bil
Taiwan's trade surplus narrowed to US$5.7 billion in November from US$6.1 billion in October.

Sweden
Industrial Production
Oct. 2021: 1.4% m/m
Sweden’s industrial production picked up by 1.4% m/m in October after no growth in September.

Norway
Industrial Production
Oct. 2021: -5.3% m/m
Norway’s industrial production tumbled 5.3% m/m in October, following September’s 3.3% jump.

Euro Zone
GDP
2021Q3: 2.2% q/q
Second estimates confirmed that the euro zone’s GDP increased by 2.2% q/q in the third quarter following an upwardly revised 2.2% gain in the first quarter.

Germany
Industrial Production
Oct. 2021: 2.8% m/m
Industrial production bounced back by 2.8% m/m in October as output increased sharply for Germany’s battered auto sector.

Chile
Consumer Price Index
Nov. 2021: 6.7% y/y
Chile’s inflation climbed higher in November as prices continued to realign.

Chile
Foreign Trade
Nov. 2021: US$298.0 mil
Chile's trade accounts popped back into surplus as exports catapulted to a new high and surpassed still-surging imports.

Canada
International Merchandise Trade
Oct. 2021: C$ 2.09 bil
Canada’s trade surplus widened again in October.

United States
Productivity and Costs
2021Q3: -5.2%, q/q, SAAR
Third-quarter productivity growth in the U.S. was adjusted downward.

United States
International Trade (FT900)
Oct. 2021: -$67.1 bil
The U.S. nominal trade deficit narrowed noticeably in October, and this bodes well for fourth-quarter GDP.

United States
Moody's Analytics Used Vehicle Price Indexes
Nov. 2021: 53.5%
The price increase in used vehicles accelerated again during November.

Netherlands
Consumer Price Index
Nov. 2021: 5.2% y/y
Consumer prices rose at their fastest rate since the 1980s in November.

Canada
Purchasing Managers' Index
Nov. 2021: 61.2
The Ivey Purchasing Managers' Index pushed higher in November, coming in at 61.2, up from October's 59.3 reading.

United States
Moody’s Analytics Policy Uncertainty Index
December 03: 351.3 4-wk MA
The four-week moving average in our U.S.

United States
Consumer Credit (G19)
Oct. 2021: $16.9 bil
Consumer credit expanded by $16.9 billion in October.

Japan
GDP
2021Q3:

» VIEW MORE ECONOMIC INDICATORS

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