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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.

Wednesday, March 02, 2022

Today's Economy


LatAm Daily Briefing: Another Kind of Commodity Boom

The region will benefit from a temporary commodity price boost.

Biden’s SOTU Address Does Not Alter Our Baseline Forecast

The president went through a laundry list of fiscal proposals, but few will become law this year.

Europe Daily Briefing: Ukraine Invasion Pushes Up Oil Prices

Supply and demand are hit despite sanctions not specifically targeting Russian oil.

Asia-Pacific Daily Briefing: Now That's a Rebound

Australia's GDP surged by 3.4% in the fourth quarter after Delta's hit to the third stanza.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Inflation Tracker: No Rest

Companies’ embrace of hybrid and telework arrangements may keep goods consumption and prices running hot in 2022.

Europe Inflation Tracker: Record Inflation Keeps Increasing

The spike in energy prices has kept inflation from moderating.

Inflation's Squeeze on U.S. Small Business

Stark differences in spending growth appear where there have been notable shortages and other supply-chain difficulties.

Global Vaccine Tracker: Progress Continues

As output and employment recover, efforts are underway to broaden regional vaccine rollouts.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Austria
Employment and the Labour Market
Jan. 2022: 8.0%
Austria's unemployment data gave mixed signals in January.

Germany
Unemployment
Feb. 2022: 5%
Germany’s unemployment rate fell another 10 basis points in February, dropping to 5% and landing on par with precrisis levels.

Euro Zone
Preliminary Consumer Price Index
Feb. 2022: 5.8% y/y
Preliminary estimates of the euro zone’s harmonized index of consumer prices reported a 5.8% y/y inflation rate this February.

Belgium
GDP
2021Q4: 0.5% q/q
Belgian GDP advanced by 0.5% q/q in the fourth quarter, decelerating from the 2% gain in the third quarter.

Portugal
Industrial Production
Jan. 2022: -3.2%
Portuguese industrial production took a step back in January.

United States
MBA Mortgage Applications Survey
February 25: -0.7%
Mortgage application volume fell again in the week ended February 25, marking four consecutive weekly contractions.

United States
ADP National Employment Report
Feb. 2022: 475,000 m/m, ths
Employment gains remain remarkably strong, despite challenges to the broader economy.

Canada
Monetary Policy
Mar. 2022: 0.5%
Monetary policy tightening has commenced.

United States
Moody's Analytics Inflation Expectations Pulse
February 27: 2.68%
Inflation expectations edged higher in the week ended February 27, according to the Moody’s Analytics Inflation Expectations Pulse.

United States
Oil Inventories
February 25: 413.4 mil barrels
Oil inventories fell last week, as crude imports declined and domestic output remained mostly flat.

Russian Federation
Retail Sales
Jan. 2022: 3.6% y/y
Seasonally adjusted Russian retail sales plummeted by 23.4% m/m in January following the imposition of stricter pandemic measures during the New Year holidays amid the spread of the Omicron variant of COVID-19, overturning the 20.9% gain in December.

Russian Federation
Unemployment
Jan. 2022: 4.3%

United States
Vehicle Sales - BEA
Feb. 2022: 14.1 mil, SAAR
The SAAR for U.S. new-vehicle sales took a slight step back to 14.1 million in February.

United States
Monthly GDP
Jan. 2022: -1.0% m/m
The U.S. economy got off to a poor start this year because of the Omicron variant of COVID-19.

United States
Beige Book
Mar. 2022:
The U.S. economy advanced at a modest to moderate pace, according to Beige Book anecdotes collected from the Federal Reserve districts.

United States
Semiconductor Billings
Jan. 2022:

South Korea
GDP
2021Q4:

Australia
Foreign Trade
Jan. 2022:

» VIEW MORE ECONOMIC INDICATORS

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