| Friday, November 19, 2021 |
| Today's Economy
When High Inflation Will End The current hair-on-fire discourse is understandable, but it's overdone. U.S. House Vote on Social Spending Bill Doesn’t Alter Baseline Forecast Watch what the U.S. Senate does, not what just passed the House Friday. Capital Markets View: Libor Coming to an End Next year, Libor will be largely stricken from the financial system. Canada Weekly: Supply-Side Struggles Exploding demand puts more pressure on an already-stressed supply chain. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, November 19, 2021 Chile and Colombia enjoy third-quarter growth while unemployment falls in Peru. Japan Risk Matrix Update: Virus Decline Is a Silver Lining External challenges still cloud the outlook. Keeping 1.5°C Alive If taken seriously, COP26 can help move the world to a 1.5°C pathway. Europe Weekly Highlights and Preview, 19 November, 2021 Euro zone trade figures mark a grim end to the third quarter. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Oct. 2021: 0.8% m/m
Retail sales ticked up by 0.8% m/m in October after an upward revision showed no change in month-on-month retail sales volumes in September. Norway
GDP
2021Q3: 3.8% q/q
Norway is ahead of the game. Canada
New Housing Price Index
Oct. 2021: 11.5% y/y
New-house prices rose by 11.5% in year-ago terms in October. Canada
Retail Trade
Sep. 2021: -0.6% m/m
Weakening auto sales dragged retail trade lower in September. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
November 17: 94.5
The Moody’s Analytics & CNN Business Back-to-Normal Index took a welcome step forward this week, moving from a revised 93.9 to 94.5. United States
Quarterly Services Survey
2021Q3:
U.S. service industries saw modest revenue growth from the second quarter to the third. United States
Regional and State Employment
Oct. 2021:
The October employment report for state and regional economies marked an improvement on recent months, as the Delta variant of COVID-19 began to fade in impact. » VIEW MORE ECONOMIC INDICATORS |
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