| Today's Economy
LatAm Daily Briefing: Long Way to Go in the Uruguayan Labor Market Despite lower unemployment, prospects for younger workers are still unsteady. Capital Markets View: Corporate Bond Spreads Widen Spreads remain historically tight but they will likely widen further. Europe Daily Briefing: Swiss Industry Slows The Central Bank of the Republic of Turkey cut interest rates again. Asia-Pacific Daily Briefing: Central Banks in Indonesia and Philippines Stand Pat Rate hikes are expected in 2022. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Supply Stress Vexes Recovery Geopolitical risks will assume an important role in the post-COVID-19 recovery phase. A Regional Perspective on Inflation in the U.S. Prices are rising everywhere, but traditionally affordable areas are experiencing larger increases. Spotlight on Australia’s Tepid Wage Growth Although the labour market has tightened, it is not tight. Global Vaccine Tracker: Progress in LatAm Supply has become less of an issue for most large Latin American economies. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Monetary Policy
Nov. 2021: 3.50%
Bank Indonesia kept its seven-day reverse repurchase rate at 3.5% in its November meeting. Lending and deposit rates were also left unchanged at 4.25% and 2.75%, respectively. While the commodity boom and reopening of the economy are helping the economy to recover, third-quarter GDP still performed below expectations. Switzerland
Industrial Production
2021Q3: 8.3% y/y
Swiss third-quarter industrial production was up 8.3% y/y after surging by 16.4% y/y in the previous quarter. Sweden
Unemployment rate
Oct. 2021: 8.5%
Sweden’s unemployment rate declined to 8.5% in October from 8.8% in September. Chile
GDP
2021Q3: 17.2% y/y
Chile’s economy reaccelerated in the third quarter, putting the volume of production well above pre-pandemic levels. Canada
ADP Canada National Employment Report
Oct. 2021: 65,800
Employment growth in September edged higher by 65,800 jobs. Canada
International Transactions in Securities
Sep. 2021: C$20.0 bil
Flows of foreign funds into Canada slowed slightly in September, trimming net foreign investment. United States
Jobless Claims
November 13: 268,000
U.S. initial claims for unemployment insurance benefits suggest job growth accelerated in November as the Delta variant's grip on the economy has loosened. United States
Philadelphia Fed Survey
Nov. 2021: 39
The Philly Fed’s Manufacturing Business Outlook Survey shows production remains in expansionary, as well as unchartered, territory. Netherlands
Unemployment
Oct. 2021: 2.9%
The unemployment rate in the Netherlands declined to 2.9% in October, reaching its pre-pandemic value. United States
St. Louis Fed Financial Stress Index
November 12: -0.96
Financial stress retreated last week with the St. United States
Internet Sales (E-Commerce Sales)
2021Q3: $214.6 bil
On a seasonally adjusted basis, internet sales in the third quarter decreased 3.3% from the second quarter. United States
Conference Board Leading Indicators
Oct. 2021: 0.9%
The Conference Board Leading Economic Index climbed 0.9% in October, a touch higher than consensus expectations of an increase of 0.8%. United States
Natural Gas Storage Report
November 12: 26 bil cubic feet
Last week’s increase in natural gas stocks was roughly in line with analyst predictions, indicating that this report will not have too much of an effect on prices. United States
Kansas City Fed Manufacturing Survey
Nov. 2021: 24
Manufacturing activity in the Tenth District continues to expand, but growth eased slightly this month. Japan
Consumer Price Index
Oct. 2021:
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