UK Retail Sales Makes a Comeback, Jumps by 1.9% In January
(ONS) Retail sales volumes in the UK were up 1.9% in January 2022, erasing some losses after a 4.0% decline in December. Sales at non-food stores improved by 3.4% in…
US Jobless Claims Advance by 23,000 to an Above-Estimate Level
(Department of Labor) US jobless claims rose by 23,000 in the week that ended February 12 to 248,000. The claims were above estimates of 219,000. On a four-week moving average,…
US Builder’s Confidence Falls Again in February as Material Bottlenecks Persist
(NAHB) The US posted a one-point decline in the builder confidence in January to 82, a second straight month of dip as material production bottlenecks persisted. NAHB Chairman Jerry Konter…
US Industrial Production Jumps by 1.4% In January
(Federal Reserve) Total industrial production in the US rose by 1.4% in January, an upturn following a 0.1% decline the previous month. The jump in industrial production surpassed estimates of…
Industrial Production Slows to a 1.2% Growth in the Euro Area in December
(Eurostat) Euro area posted a 1.2% expansion in industrial production in December 2021, slower than a jump of 2.4% the previous month. In the EU, industrial production expanded by 0.7%…
UK Annual Inflation Climbs to a 30-Year High in January
Source: Office for National Statistics The annual consumer prices in the UK rose by 5.5% in January 2021, accelerating from 5.4% the previous month. The inflation was the highest since…
China’s Consumer Inflation, Factory Gate Prices Ease in January
(NBS) China’s consumer prices rose by 0.9% in January from the prior year, a slower increase compared to a 1.5% gain in December and below projections of 1.0%. The producer…
US Producer Prices Nears Record High After a 1.0% Jump in January
(Bureau of Labor Statistics) The US recorded a 1.0% increase in producer prices in January, catapulting the annual gain to 9.7%, a level close to the record high in 2010.…
Euro Area and EU GDP Growth Slows in Q4 21, Employment Up 0.5% in Both Regions
Source: Eurostat The gross domestic product improved by 0.3% in the euro area in the fourth quarter of 2021 from the previous quarter. DAX is up +1.48%, EURUSD is up…
Euro Area Posts a €4.6B Trade Deficit in December 2021 as Imports Surge
(Eurostat) The trade deficit in the euro area was 4.6 billion euros in December 2021, a downturn from a surplus of 28.3 billion euros in the prior year. The surge…
UK Unemployment Edges 0.2% Down as Labor Market Recoveries Continue
(ONS) UK unemployment rate during the October to December 2021 period was estimated at 4.1%, a decline of 0.2% from the previous quarter. Following the decline, unemployment is now only…
US Consumer Sentiment Plunges 8.2% in February to the Lowest in a Decade
(University of Michigan) The Index of Consumer Sentiment in the US fell 8.2% in February from January to 61.7, the worst in a decade. Compared to last year, the index…
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