| Today's Economy
Economic Roundup: Omicron Bites Into U.S. Manufacturing Empire State manufacturing survey's general business conditions index plunged in January. LatAm Daily Briefing: Colombian Recovery Remains Uneven 2021’s strong expansion will continue in 2022, but not all workers will benefit. U.S. Supply-Chain Update: Moving Sideways The worst appears over, but Omicron will stall improvement. Europe Daily Briefing: U.K. Unemployment Falls Further The U.K.’s unemployment rate fell again in November, tightening the labor market. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: CPI Cements Fed’s Hawkish Pivot Despite damage from Omicron, the central bank has plenty of reasons to hike rates in March. U.S. Weekly Highlights and Preview, January 18, 2022 We look for housing starts to have risen from 1.679 million annualized units in November to 1.689 million in December. Inflation Prompts Action In APAC As the mood turns hawkish, the PBoC is an exception. Australian Used-Vehicle Fourth-Quarter Price Report: A Fresh High Prices pushed higher after lockdowns ended. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Unemployment
Nov. 2021: 4.1%
U.K. unemployment came in at 4.1% in the three months to November, down 0.1 percentage point from the previous stanza. Hong Kong SAR (China)
Employment Situation
Dec. 2021: 3.9%
The seasonally adjusted unemployment rate in Hong Kong fell to 3.9% for the October-to-December period, compared with 4.1% for the September-to-November period. Canada
Housing Starts
Dec. 2021: 236 ths
Residential construction in Canada took a step back in December. United States
NY Empire State Manufacturing Survey
Jan. 2022: -0.7
Amid a broader slowdown brought about by the Omicron variant, factory sentiment in New York crumbled in the first half of January, according to the Empire State Manufacturing Survey. World
Moody's Analytics Survey of Business Confidence
January 14: 5.0
Surging Omicron COVID-19 infections continues to weigh on global business sentiment. United States
NAHB Housing Market Index
Jan. 2022: 83
Homebuilder confidence edged down 1 point to 83 in January. United States
Moody’s Analytics Policy Uncertainty Index
January 14: 356.5 4-wk MA
The four-week moving average in our U.S. China
Foreign Trade
Dec. 2021: US$94.5 bil
Peru
Unemployment
Dec. 2021: 7.8%
The last three months of the year were good ones for the Lima labor market. United States
Treasury International Capital Flows
Nov. 2021: $137.4 bil
Net long-term capital flows increased in November, with net inflows totaling $137.4 billion, compared with inflows of $7.1 billion in October. United States
Semiconductor Billings
Nov. 2021: 1.8%
Global semiconductor sales continue to rise at a rapid pace. » VIEW MORE ECONOMIC INDICATORS | 
