| Today's Economy
Capital Market View: Final Thoughts Ahead of January U.S. Employment The forecast is for employment to have declined by 150,000 because of Omicron. LatAm Daily Briefing: Mexico’s Technical Recession Anemic production, government inaction and reduced investment instigate a downturn. Europe Daily Briefing: BoE Hikes, ECB Holds The BoE voted to hike its policy rate 25 basis points, while the ECB kept its rate unchanged. Asia-Pacific Daily Briefing: Australia's Export Divergence Higher energy prices bloated the import bill. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Inflation Tracker: Still Rolling The good news is that durable goods consumption should move lower in 2022, easing pressure on supply chains. Seasonal Factors Distort Regional Labor Market Data A comparison of states and the U.S. highlights the continued challenge of understanding intra-year patterns. The Chip Shortage in Focus: U.S. and Japan Governments are increasingly partnering with the private sector to increase supply-chain resilience in the industry. India Unveils New Federal Budget The 2022-23 package includes a 35.4% expansion in the country's capital expenditure target. » VIEW MORE COMMENTARY
Today's Economic Indicators
Belgium
Retail Sales
Dec. 2021: 16.8% m/m
Belgian retail sales increased by 16.8% month to month in December, a sharp increase after declining 1.3% in November. United Kingdom
Monetary Policy and Minutes
Feb. 2022: 0.5%
In a vote split 5 to 4, the Monetary Policy Committee elected to increase the bank rate by 25 basis points to 0.5%. United States
Challenger Report
Jan. 2022: 19,064
Despite Omicron’s continued run, job cut announcements remained virtually unchanged from December to January. United States
Jobless Claims
January 29: 238,000
The Omicron variant's grip on the U.S. labor market is loosening, and job growth should reaccelerate. Euro Zone
Monetary Policy
Feb. 2022: 0%
The European Central Bank did not change its policy stance during its February meeting. United States
Productivity and Costs
2021Q4: 6.6%, q/q, SAAR
U.S. productivity bounced back in the last three months of 2021. United States
Factory Orders (M3)
Dec. 2021: -0.4% m/m
U.S. factory orders fell 0.4% in December, the first decline since April. United States
St. Louis Fed Financial Stress Index
January 28: -0.43
The St. United States
Monthly GDP
Dec. 2021: -0.4% m/m
The U.S. economy ended last year on a soft note, with our estimate of real monthly GDP falling in December. United States
ISM Nonmanufacturing Index
Jan. 2022: 59.9
The U.S. nonmanufacturing sector expanded in January for the 20th month in a row, but the breadth of growth was narrower. United States
Natural Gas Storage Report
January 28: -268 bil cubic feet
Last week’s draw in natural gas stocks fell short of analyst predictions. Uruguay
Consumer Price Index
Jan. 2022: 8.15% y/y
Inflation in Uruguay was 8.15% in January year on year. South Korea
Consumer Price Index
Jan. 2022:
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