For Germany, we’ve a new indicator from the Ifo Institute, tracking the shortage of materials persector.
The data is expressed as the percentage of companies complaining about bottlenecks and problems procuring intermediate products and raw materials.
In the chart below, we displayed the dataset since inception (August 2021) and used the heatmap functionality to highlight the sectors that are the most impacted by material shortages.
China
We’ve increased our coverage of high-frequency indicators for China with the addition of dailymetro traffic data. Data is available for the 6 largest cities, and sourced directly from the various metro city operators.
World: Indeed Job Postings
Just before the Christmas break we’ve added the Indeed Job Posting Indicators.
This daily dataset provides totals and sector breakdowns, and covers 7 economies: United States, United Kingdom, Australia, Canada, France, Germany, and Ireland.
More information on the methodology can be consulted here
In the first chart below, we illustrated how the US new job postings indicator can be used as a leading indicator for the total nonfarm payrolls. The correlation is optimal with the new job postings pushed forward by one month, giving us some indication as of the nonfarm payrolls direction.
For the 2nd chart, we focused on the Hospitality & Tourism sector across 6 economies. Tourism has been hit very hard since the beginning of the pandemic, and a bit more than a year was needed for the job postings in this sector to come back to their pre-pandemic levels (even more in Australia as the series became positive only from October 2021).
Japan
For Japan, we’ve expanded our Real Estate coverage with the addition of office buildings statistics from Sanko Estate. Number of vacancies, vacancy rates, rental prices are among the indicators now available for Tokyo and 5 other cities in Japan.
In the chart below, we displayed vacancy rates for the Tokyo area, based on the office buildings’ size. Since the beginning of the pandemic, vacancy rates have increased quite significantly, while still remaining historically low for Tokyo.
United States
For the United States, we chose to focus on two additions:
National Retail Federation: Consumer Spending Plans
We’ve added consumer spending data from the National Retail Federation. The specificity of this dataset is to focus on the spending behavior for seasonal events, and measuring the average spending per person. The dataset is therefore annual.
The chart below describes the spending pattern for each seasonal event. St. Patrick’s Day, the SuperBowl and Valentine’s Day seem to have been the most hit by the pandemic, with average spending decrease compared to the previous year (it is worth noting that these 3 events happen in February & March, so the data for 2020 is ‘pre-pandemic’).
Nevada Gaming Control Board: Revenues
The 2nd addition is the Gaming revenues for the State of Nevada.
2021 will be a record year for the gambling industry in Nevada, with yearly revenues already above 12 billion USD in November. The previous record was set at 12.85 billion USD in 2007.
Several analysts view this as a combination of travel restrictions (American citizens staying more in the country with worldwide restrictions in place) as well as a change of spending behavior. It is also worth noting in the chart below the monthly revenue levels during the past months, much higher than the historical average.
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