| Today's Economy
Canada Weekly: Rising Rates Loom Ahead The Bank of Canada uses its forward guidance to start the battle against inflation. Geopolitical Risk Calendar: Putin Lays Out NATO Fears The Russian tensions with the West have caused Germany to seek other energy sources. Capital Market View: Good News Is Bad News for U.S. Bond Market A better-than-expected employment report has the bond market thinking the Fed will be aggressive. Europe Daily Briefing: Retail Sales Tumble as Pandemic Returns French industrial production saw further losses in December. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Jobs Report Cont'd: Surprise! January's job gain was far stronger than anticipated and bodes well for the year. Latin America Weekly Highlights and Preview, February 4, 2022 Peruvian inflation weakens slightly, while Chile continues its strong rebound. Europe Weekly Highlights and Preview, 4 February, 2022 Keep an eye out for the monetary policy meeting out of Sweden’s Riksbank. U.S. Inflation Currently Led by Goods Goods also led deflationary fears in the prior decade. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Industrial Production
Dec. 2021: -0.2% m/m
French industrial production saw further losses in December. Austria
Retail Sales
Dec. 2021: -0.7% y/y
Austrian retail sales picked back up in December after a substandard performance in November. Euro Zone
Retail Sales
Dec. 2021: -3% m/m
Retail sales excluding motor vehicles were down 3% m/m in December after a 1% gain in November. Canada
Labor Force Survey
Jan. 2022: 6.5%
The Omicron variant dealt a serious, though temporary, setback to the labor market's recovery. United States
Employment Situation
Jan. 2022: 467,000 m/m
Payroll employment increased a surprising seasonally adjusted 467,000 in January; we had expected a decline because of the large number of workers who did not work during the survey week because of Omicron. United States
Bankruptcy Filings
2021Q4: -17.7% y/y
Personal bankruptcy filings remained low in the final months of 2021 as abundant cash and jobs continued to support household finances. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
February 02: 91.1
The Moody’s Analytics & CNN Business Back-to-Normal Index took a healthy step upward this week. Canada
Purchasing Managers' Index
Jan. 2022: 50.7
The Ivey Purchasing Managers' Index expanded to 50.7 up from December's reading of 45. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Jan. 2022: 15.4% y/y
Australian used-vehicle price appreciation decelerated during January. United States
Semiconductor Billings
Dec. 2021:
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