Today's Economy Economic Roundup: U.S. Consumer Confidence Hasn't Been This Low in a While The University of Michigan survey has dropped sharply but seems to be the outlier. Capital Market View: Recession Risks Through Yield Curve and Corporate Bond Spread Lens Neither is raising red flags, but both bear watching as the risk of a Fed misstep is on the rise. Canada Weekly: Canadian Oil Benefits Limited Lower Russian oil supply will boost profitability for Canadian oil producers, but not output. Geopolitical Risk Calendar: Europe Seeks Energy Relief One month after Russia's invasion of Ukraine, the Continent is struggling with surging prices. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Weekly Highlights and Preview, March 25, 2022 Current expansions in Argentina and Uruguay are solid, while Mexico’s is still a bit tentative. Europe Weekly Highlights and Preview, 25 March, 2022 Euro zone unemployment likely was unchanged at 6.8% in February, though German unemployment likely slid 0.1 percentage point to 4.9%. Global Outlook: Inflation Risks Intensify Russia’s invasion of Ukraine creates new negative supply shocks that will weigh on growth. Asia-Pacific Weekly Highlights and Preview, 25 March, 2022 On balance, Japan's suite of February data will be subdued. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands GDP 2021Q4: 1.0% q/q GDP reported an upwardly revised 1.3% q/q expansion in the fourth quarter. Singapore Industrial Production Feb. 2022: 17.6% y/y Singapore’s industrial production picked up the pace in February, growing by 17.6% y/y after January’s 2% increase. United Kingdom Retail Sales Feb. 2022: -0.3% m/m U.K. retail sales fell by 0.3% m/m in February following a 1.9% rise in January. Spain GDP 2021Q4: 2.2% q/q Spain's GDP expanded by 2.2% q/q in seasonally adjusted terms during the last quarter of 2021. France Job Seekers Feb. 2022: 2.97 mil The number of job seekers in France inched down to 2.97 million this February from 2.98 million in January. Mexico Economic Activity Index Jan. 2022: 1.8% y/y Mexico’s economic activity advanced a little further at the start of the year, in monthly and annual terms. United States Moody’s Analytics & CNN Business Back-to-Normal Index March 23: 94.5 There was slight improvement this week for the Moody’s Analytics & CNN Business Back-to-Normal Index. United States University of Michigan Consumer Sentiment Survey Mar. 2022: 59.4 U.S. consumer confidence fell for the third straight month to another cyclical low in March as gasoline prices are high, inflation remains in the headlines, and the stock market is weak despite recovering late in the month. United States Pending Home Sales Feb. 2022: 104.9 The NAR pending home sales index fell 4.1% to 104.9 in February, reinforcing January’s losses and declining to its lowest level in nearly two years. United States Regional and State Employment Feb. 2022: The February employment report for state and regional economies picked up the pace from the prior month. » VIEW MORE ECONOMIC INDICATORS |