| Today's Economy
Economic Roundup: Omicron Weighing on Global Business Sentiment The one thing U.S. businesses don't need to worry about is access to credit. Inside Economics Podcast: Episode 43—Manufacturing and Mark on Fire What if the Fed tightens too much, too fast? Europe Daily Briefing: Euro Zone GDP Growth Slows in Q4 According to preliminary estimates, euro zone GDP grew by 0.3% q/q in the fourth quarter. A Perfect Storm (for Minimal Economic Impact) The weekend’s snow challenged U.S. records but will barely register for lost output.
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Commentary
U.S. Chartbook: Fourth-Quarter GDP Pops The strong growth is unlikely to repeat in 2022's first stanza. Russia-Ukraine Tensions Test Europe's Gas Security Supply disruption, if it were to occur, would likely have wide geopolitical ramifications. U.S. Weekly Highlights and Preview, January 31, 2022 The Federal Reserve will have zero tolerance for any upside surprises to inflation this year. Latin America Weekly Highlights and Preview, January 28, 2022 The Mexican economy underperformed in November, while Brazil saw its unemployment decrease. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
Jan. 2022: 36.7
Japan’s consumer confidence index ticked down to 36.7 in January amidst increasing concern about the sudden and rapid spread of Omicron. Netherlands
Retail Sales
Dec. 2021: 4.4% y/y
Retail sales increased 4.4% y/y in December, matching the upwardly revised growth rate for November. Denmark
Unemployment rate
Dec. 2021: 2.5%
The unemployment rate and the number of unemployed moved lower from November into December. Thailand
Foreign Trade
Dec. 2021: US$2.8 bil
Thailand’s trade position moderated in December due to increased imports. Spain
Retail Sales
Dec. 2021: -5.9% m/m
Spain’s retail sales decreased by 5.9% m/m in seasonally adjusted terms in December. Austria
Employment and the Labour Market
Dec. 2021: 8.1%
The Austrian labor market tightened further in December despite an 8.1% increase in the headline unemployment rate. Hong Kong SAR (China)
Retail Sales
Dec. 2021: 6.2% y/y
Retail sales values in Hong Kong rose by 6.2% y/y in December to HK$33.3 billion, after rising by 7.1% in November. Euro Zone
Preliminary GDP
2021Q4: 0.3% q/q
Preliminary estimates of the euro zone’s GDP reported a 0.3% q/q increase in the fourth quarter. Chile
Employment
Dec. 2021: 7.2%
The national unemployment rate in Chile averaged 7.2% in the October-December rolling quarter, down from 10.3% a year earlier. Chile
Manufacturing Production
Dec. 2021: 2.3% y/y
Chile’s manufacturing industry ended the year with another annual advance. Chile
Retail & Wholesale Sales
Dec. 2021: 12.9% y/y
Chilean retailers are still hot and heavy. Canada
Industrial Product and Raw Materials Price Indexes
Dec. 2021: 0.7% m/m
Surging lumber prices pushed overall producer prices higher in December as the economy remains in the grip of elevated inflation. World
Moody's Analytics Global Risk of Recession
Nov. 2021: 27.6%
Global recession risks inched higher in November. World
Moody's Analytics Survey of Business Confidence
January 28: 1.1
Global business sentiment remains closely tethered to the pandemic, and sentiment has weakened since the Omicron wave of the virus hit the global economy. United States
Texas Manufacturing Outlook Survey
Jan. 2022: 2.0
Business sentiment dimmed slightly for Texas manufacturers in January, according to the Dallas Fed’s Texas Manufacturing Outlook Survey. United States
Senior Loan Officer Opinion Survey
2022Q1: -17.0%
Banking standards eased across the board in the fourth quarter of 2021, according to the latest Senior Loan Officer Opinion Survey. United States
Agricultural Prices
Dec. 2021: 3.5% m/m
The Agricultural Prices Received Index increased 3.5% in December to 112.6, which was 24% higher than a year earlier. Japan
Employment Situation
Dec. 2021:
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