| Today's Economy
Capital Markets View: The Firewall Productivity is key in keeping a wage-price spiral from developing. Geopolitical Risk Calendar: COP26 Buyer's Remorse The U.S. and EU struck a deal this week that will see tariffs lifted on EU steel and aluminium exports. Canada Weekly: A Canary in the Cul-de-sac Metro area-level house price performance may signal where the national market is headed. Europe Daily Briefing: COVID-19 Stages a Comeback Rising infection rates are concerning, but the economic impact will be limited. » VIEW MORE TODAY'S ECONOMY
Commentary
Supply-Chain Disruptions and Shortages: What to Expect, and What to Do About It The future is nearshoring and just-in-case inventory management. Latin America Weekly Highlights and Preview, November 5, 2021 The region’s central banks continue wrestling with inflation. Europe Weekly Highlights and Preview, 5 November, 2021 Inflation measures out next week will reflect supercharged electricity prices. Asia-Pacific Weekly Highlights and Preview, 5 November 2021 Higher energy and vegetable prices will drive China's October price data. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
GDP
2021Q3: 3.51% y/y
A surge in Delta-variant COVID-19 cases and extended lockdowns dampened Indonesia's GDP growth in the third quarter. Denmark
Industrial Production
Sep. 2021: -5.0% m/m
Industrial production contracted by 5% month over month in September after a 4.4% increase in August. France
Industrial Production
Sep. 2021: -1.3% m/m
French industrial production took a hit in September. Taiwan (China)
Consumer Price Index
Oct. 2021: 2.6% y/y
Taiwan’s headline Consumer Price Index rose by 2.6% over the year in October, the same as in September. Spain
Industrial Production
Sep. 2021: 0.3% m/m
Spain’s industrial production expanded by 0.3% m/m in September and broke a three-month streak of negative readings since June. Austria
Retail Sales
Sep. 2021: -0.6% y/y
Retail sales in Austria disappointed in September, contracting by 0.6% y/y after increasing by 1.7% in August. Italy
Retail Sales
Sep. 2021: 0.8% m/m
Italy’s retail sales ticked up by 0.8% m/m in September, building on August’s upwardly revised 0.8% gain, thanks to solid growth in the food and nonfood sectors. Euro Zone
Retail Sales
Sep. 2021: -0.3% m/m
Retail sales excluding motor vehicles dropped by 0.3% in September after an upwardly revised gain of 1% m/m in August. Germany
Industrial Production
Sep. 2021: -1.1% m/m
Supply-chain disruptions pushed factory output lower in September, with Germany’s industrial production index dropping 1.1% m/m. Canada
Labor Force Survey
Oct. 2021: 6.7%
Employment rose by 31,000 in October, with a significant rise in retail jobs offset by losses in accommodation and food services. United States
Employment Situation
Oct. 2021: 531,000 m/m
As expected with the Delta variant receding, employment growth rebounded in October, with payrolls up 531,000. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
November 03: 94.6
The Moody’s Analytics & CNN Business Back-to-Normal Index is on solid ground. Canada
Purchasing Managers' Index
Oct. 2021: 59.3
The Ivey Purchasing Managers' Index dipped in October, coming in at 59.3, down from September's 70.4 reading. United States
Consumer Credit (G19)
Sep. 2021: $29.9 bil
Consumer credit picked up by $29.9 billion in September. Colombia
Consumer Price Index
Oct. 2021:
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