| Today's Economy
Economic Roundup: Jobs Here, Jobs There U.S. nonfarm employment rose by 678,000 in February as Omicron’s grip on the labor market loosens. Geopolitical Risk Calendar: Russia, Ukraine Agree to Evacuation Corridors Meanwhile, Europe looks for alternatives to Russian gas. Europe Daily Briefing: Retail Underwhelms The Omicron outbreak kept a lid on retail growth in January. Asia-Pacific Daily Briefing: Japan's Jobless Rate Edges Up Most of the country is now under a quasi-state of emergency. » VIEW MORE TODAY'S ECONOMY
Commentary
Latin America Weekly Highlights and Preview, March 4, 2022 Inflation keeps climbing in Peru and Uruguay, while Chile’s economy refuses to slow down. U.S. Jobs Report Cont'd: Two for Two February's employment gain marks consecutive strong reports to start 2022. Euro Zone Risk Matrix Update: New Threats on Inflation and Supplies Supply issues triggered by the pandemic that were slowly resolving will now be reinforced, including the global shortage of semiconductors. Europe Weekly Highlights and Preview, 4 March, 2022 Final estimates of euro zone GDP will be released and will likely show a growth rate of 0.3% q/q for the fourth quarter. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Industrial Production
Jan. 2022: 1.6% m/m
French industrial production rebounded in January. Hong Kong SAR (China)
Retail Sales
Jan. 2022: 4.1% y/y
Retail sales values in Hong Kong rose by 4.1% y/y in January to HK$33.9 billion, after rising an adjusted 6.1% in December. Austria
Retail Sales
Jan. 2022: 15.8% y/y
Austrian retail sales posted a 15.8% y/y jump in January. Austria
GDP
2021Q4: -1.5% q/q
Austria's economy contracted 1.5% q/q in the fourth quarter of 2021, 0.7 percentage point less than the previously released flash estimate. Italy
GDP
2021Q4: 0.6% q/q
Italy's GDP grew 0.6% q/q in the fourth quarter and 6.2% in year-earlier terms. Euro Zone
Retail Sales
Jan. 2022: 0.2% m/m
Euro zone retail sales excluding motor vehicles inched up by 0.2% m/m in January, after December’s upwardly revised 2.7% decline. Ireland
GDP
2021Q4: -5.4% q/q
Irish GDP plunged 5.4% q/q in the fourth quarter of 2021, after growing 1.2% in the third quarter. Brazil
GDP
2021Q4: 1.6% y/y
Brazil’s economy remained weak in the fourth quarter, but left the two-quarter contraction behind. Canada
Building Permits
Jan. 2022: -8.8% m/m
Building permits faced a precipitous drop in January, most notably in the residential sector. United States
Employment Situation
Feb. 2022: 678,000 m/m
Payroll employment surprised to the upside in February, rising by 678,000 and far exceeding the consensus expectation for a 400,000 gain. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
March 02: 91.6
The Moody’s Analytics & CNN Business Back-to-Normal Index took a step backward this week. Canada
Purchasing Managers' Index
Feb. 2022: 60.6
The Ivey Purchasing Managers' Index bounced during the past two months, reaching 60.6 in February, up from December's reading of 45. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Feb. 2022: 15.6% y/y
Australian used-vehicle price appreciation accelerated during February. Uruguay
Consumer Price Index
Feb. 2022: 8.9 % y/y
Inflation in Uruguay was 8.9% y/y in February. United States
Semiconductor Billings
Jan. 2022: -0.2%
Global semiconductor sales totaled $50.7 billion in January, falling just shy of the record high achieved in December. » VIEW MORE ECONOMIC INDICATORS | 