Highlights             ‍

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World‍

We’ve just added the Drewry World Container Index, covering eight major east-west shipping trade routes. These indices track container freight rates and are reported in USD per 40-foot container. Detailed methodology can be accessed here‍

In the chart below, we compare all major shipping routes and Drewry’s Composite index. Throughout the pandemic, freight rates increased dramatically. As one UNCTAD policy brief put it, “changes in consumption and shopping patterns triggered by the pandemic, including a surge in electronic commerce as well as lockdown measures, have in fact led to increased import demand for manufactured consumer goods, a large part of which is moved in shipping containers.”

Today, most freight rates have returned to pre-pandemic levels, except for the Rotterdam-New York route. This trans-Atlantic rate began increasing later than the others – from mid-2021 – and is now close to record highs. Press reports have cited much more limited capacity on trans-Atlantic routes versus their Pacific equivalents. 

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Drewry Shipping Consultants Ltd 

Source & Release > World [world, Region] > Drewry Shipping Consultants Ltd > World Container Index by Drewry [rel_drewrycont, Release]

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South Korea‍

For South Korea, we’ve added mortgage rate bands from the Korea Housing-Finance Corporation. 

In the chart below, we track the correlation between the national mortgage rate band and the number of unsold houses on the market. It appears that mortgage rates are leading unsold houses by 7 months (with a correlation of 0.76). As rates surged in 2022, the stock of unsold houses increased significantly.  

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Bogeumjari (Mortgage) Loan Origination

Country & Region > South Korea [kr, Region] > Interest & Exchange Rates [rate, Category] > Mortgage Lending Rates > Housing Mortgage > Interest Rates‍

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‍Democratic Republic of the Congo‍

We’ve just added statistics on mining extraction and hydrocarbon production for the Democratic Republic of the Congo (DRC). The dataset is sourced from the nation’s central bank.

Minerals and petroleum are central to the DRC's economy, making up the vast majority of its exports as measured by value. The country is also considered as one of the world’s wealthiest in terms of untapped mineral resources, including cobalt and lithium – two key minerals used in electric vehicles. 

We’ve used the new pie chart feature, available in Macrobond’s 1.26 release, to display the current breakdown of mining and hydrocarbon production. Some 90 percent of this resource extraction is tied to diamond and oil production. 

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Mining & Hydrocarbon Production

Country & Region > Congo (Democratic Republic) [cd, Region] > Production [prod, Category] > Mining & Quarrying‍

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‍Czech Republic‍

The National Bank of the Czech Republic has started publishing a weekly economic activity index, which is now available in Macrobond. The methodology can be accessed here.

In the chart below, we used this index as leading indicator for GDP. With a pre-pandemic best correlation lag estimated at 25 weeks, the chart indicates a high probablility of GDP contraction (in year-on-year terms) in Q4 2022 and early 2023. 

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Rushin (Economic Activity Index)

Country & Region > Czech Republic [cz, Region] > Surveys & Leading Indicators [surv, Category] > Leading Indicators > Czech National Bank

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Spain‍

With the rise of interest rates globally, the housing market has become a concern for various economies. In this context, it's worth revisiting previous housing slumps. In Spain, in particular, households got hit in an unprecedented manner during the global financial crisis of 2008. 

One key factor at that time was that the vast majority of households had variable mortgage rates (as the chart below highlights). 

To help analyse the current cycle, we have added indicators from INE measuring the proportion of mortgages having fixed or variable rates.

In the chart below, we can see a drastic change of behavior since 2016, with a rise in the proportion of fixed-rate mortgages. Since 2021, this is the largest proportion of mortgages; at the present moment, 70 percent of all mortgages are fixed-rate. Spanish households might thus be better prepared for a downturn than they were in 2008. 

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Mortgages breakdown per interest rate type

Country & Region > Spain [es, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Credit Institutions > Loans > By Type > Percentage of Mortgages Constituted According to Interest Rate‍

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Complete list

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Albania ‍

Foreign Trade by Groups of Commodities

Country & Region > Albania [al, Region] > Trade [trad, Category] > Foreign Trade > By Commodity

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Argentina

Monetary Base ‍

Country & Region > Argentina [ar, Region] > ⏲ High Frequency Indicators [alt_hfi, AlternativeCategory] > Central Bank of Argentina [src_arbcentral, Source] > Monetary Base [rel_arbcentralmost3, Release]

Shopping Center Sales

Source & Release > Argentina [ar, Region] > Argentina National Institute of Statistics & Censuses (INDEC) > Shopping Center Sales [rel_arindecdomtrad2, Release]

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Austria ‍

Vaccinations ‍

Country & Region > Austria [at, Region] > Demography [demo, Category] > Public Health > Diseases > Novel Coronavirus (COVID-19) > Federal Ministry of Social Affairs, Health, Care & Consumer Protection > Vaccinations > Vaccinations by Federal States

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Bangladesh

Interest & Exchange Rates

Country & Region > Bangladesh [bd, Region] > Interest & Exchange Rates [rate, Category] > Policy Rates

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Bulgaria

National Accounts, Income Approach: data supplementation

Country & Region > Bulgaria [bg, Region] > National Accounts [naac, Category] > Income Approach

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China

CPI Carry-over Effect

Country & Region > China [cn, Region] > Prices [pric, Category] > Consumer Price Index > National > Others

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Congo (Democratic Republic)

Mining & Hydrocarbon Production

Country & Region > Congo (Democratic Republic) [cd, Region] > Production [prod, Category] > Mining & Quarrying

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Czech Republic

Rushin (Economic Activity Index)

Country & Region > Czech Republic [cz, Region] > Surveys & Leading Indicators [surv, Category] > Leading Indicators > Czech National Bank

Average Employee Number by Occupation

Country & Region > Czech Republic [cz, Region] > Labor Market [lama, Category] > Employment > By Occupation (Average Number) ‍

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Egypt

External Debt by Maturity

Country & Region > Egypt [eg, Region] > Foreign Finance [fofi, Category] > Foreign Debt > External Debt by Residual Maturity

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Finland

Employment Service Statistics: unemployed job-seekers

Country & Region > Finland [fi, Region] > Labor Market [lama, Category] > Unemployment > Unemployed Jobseekers by Occupation

Employment Service Statistics: Job Vacancy statistics

Country & Region > Finland [fi, Region] > Labor Market [lama, Category] > Job Vacancy Statistics > By Occupation

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France

Renault Production Volume

Equity - Fundamentals > Industry Classification - MBIC > France [fr, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Renault Sa [com_19700, Company]

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Germany

Persons Employed & Turnover in the Service Sector

Country & Region > Germany [de, Region] > Trade [trad, Category] > Domestic Trade > Services Trade > Other Services

BMW Production Volume

Equity - Fundamentals > Industry Classification - MBIC > Germany [de, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Bayerische Motoren Werke Ag [com_03075, Company]

Volkswagen Production Volume

Equity - Fundamentals > Industry Classification - MBIC > Germany [de, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Volkswagen Ag [com_25814, Company]

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Hungary

Balance of Payments (Quarterly): Financial Account item

Country & Region > Hungary [hu, Region] > Balance of Payments [bopa, Category] > Financial Account > Quarterly

Forint Liquidity of Credit Institutions 

Country & Region > Hungary [hu, Region] > Money, Banking & Credit [bank, Category] > Liquidity Indicator > Credit Institutions 

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Israel

Price Index of Input in Residential Building

Country & Region > Israel [il, Region] > Construction & Real Estate [cons, Category] > Construction > Construction Indicators > Construction Price Index > Israel Central Bureau of Statistics (CBS)

Monetary Aggregates - M0

Country & Region > Israel [il, Region] > Money, Banking & Credit [bank, Category] > Monetary Statistics > Monetary Aggregates

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Italy

Public Finance

Country & Region > Italy [it, Region] > Government & Public Finance [gpfi, Category] > Public Finances > Central Government

Balance of State Sector

Country & Region > Italy [it, Region] > Government & Public Finance [gpfi, Category] > Public Finances > State Sector Balance

Consumer Price Index – Weights for specific items

Country & Region > Italy [it, Region] > Prices [pric, Category] > Consumer Price Index > National > All Items

Consumer Price Index – by product typology (data supplementation)

Source & Release > Italy [it, Region] > Italian National Institute of Statistics (Istat) > CPI [rel_itcpi, Release] > NIC - Consumer Price Index for the Whole Nation > National Data by Product Tipology (Base 2015=100)

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Japan

Macromill Weekly Index

Source & Release > Japan [jp, Region] > Macromill > Macromill Weekly Index [rel_jpmmconsurv, Release]

Trend of Natural Gas & LNG Inventories

Country & Region > Japan [jp, Region] > Commodities & Energy [caes, Category] > Stock Levels/Inventories > Energy > LNG

Employment Service

Country & Region > Japan [jp, Region] > Labor Market [lama, Category] > Employment Service

Regional Domestic Expenditure Index (RDEI)

Country & Region > Japan [jp, Region] > National Accounts [naac, Category] > Regional > Expenditure Approach > Regional Domestic Expenditure Index (RDEI)

Mitsubishi Motor Production, Sales & Export Data

Equity - Fundamentals > Industry Classification - MBIC > Japan [jp, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Mitsubishi Motors Corp [com_15794, Company]

Nissan Motor Production, Sales & Exports

Equity - Fundamentals > Industry Classification - MBIC > Japan [jp, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Nissan Motor Co Ltd [com_16990, Company]

Suzuki Motor Production, Sales & Export Figures

Equity - Fundamentals > Industry Classification - MBIC > Japan [jp, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Suzuki Motor Corp [com_23158, Company]

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Jordan

Policy Rate, Main Rate

Country & Region > Jordan [jo, Region] > Interest & Exchange Rates [rate, Category] > Policy Rates

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Mozambique

Outstanding Credit to Business Sector

Country & Region > Mozambique [mz, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Commercial Banks > Loans > By Entity > to the Non-Banking Private Sector

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Norway

Regional Accounts

Viken

Country & Region > Norway [no, Region] > National Accounts [naac, Category] > Regional > 30 Viken

Innlandet

Country & Region > Norway [no, Region] > National Accounts [naac, Category] > Regional > 34 Innlandet

Vestfold & Telemark

Country & Region > Norway [no, Region] > National Accounts [naac, Category] > Regional > 38 Vestfold & Telemark

Agder

Country & Region > Norway [no, Region] > National Accounts [naac, Category] > Regional > 42 Agder

Vestland

Country & Region > Norway [no, Region] > National Accounts [naac, Category] > Regional > 46 Vestland

Troms & Finnmark

Country & Region > Norway [no, Region] > National Accounts [naac, Category] > Regional > 54 Troms & Finnmark

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Peru ‍

CPI, Lima: methodology changes‍

Country & Region > Peru [pe, Region] > Prices [pric, Category] > Consumer Price Index > Regional > Lima

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Poland

Households Disposable Income ‍

Country & Region > Poland [pl, Region] > Income & Earnings [inea, Category] > Wages & Salaries > Household Sector > Disposable Income

Survey – Factors Limiting Activity in Services

Country & Region > Poland [pl, Region] > Surveys & Leading Indicators [surv, Category] > Business Surveys > GUS > Business Tendency Survey > Services

Steam Coal Prices

Country & Region > Poland [pl, Region] > Prices [pric, Category] > Commodities > Steam Coal

WIRON, Interbank Rates

Country & Region > Poland [pl, Region] > Interest & Exchange Rates [rate, Category] > Interbank Rates > WIRON

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‍Saudi Arabia‍

Banking Statistics (Quarterly)‍

Country & Region > Saudi Arabia [sa, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Commercial Banks > Loans > Banking Statistics ‍

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South Africa‍

Construction Materials Price Indices‍

Country & Region > South Africa [za, Region] > Prices [pric, Category] > Construction Materials Price Indices > Construction Input Price Index (CIPI): Material Purchases by Type of Service‍

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‍South Korea‍

Bogeumjari (Mortgage) Loan Origination‍

Country & Region > South Korea [kr, Region] > Interest & Exchange Rates [rate, Category] > Mortgage Lending Rates > Housing Mortgage > Interest Rates

Government Budget Proposed & Passed‍

Country & Region > South Korea [kr, Region] > Government & Public Finance [gpfi, Category] > Budgets > Central Government Budget > Central Government Budget > Proposed & Passed Budget‍

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Spain

Mortgages breakdown per interest rate type‍

Country & Region > Spain [es, Region] > Money, Banking & Credit [bank, Category] > Deposits & Loans > Credit Institutions > Loans > By Type > Percentage of Mortgages Constituted According to Interest Rate‍

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Sweden‍

Balance of Payments: data supplementation‍

Country & Region > Sweden [se, Region] > Balance of Payments [bopa, Category] > Current Account > Goods > Regions

Foreign trade: Total EU27 (exc. UK) #

Country & Region > Sweden [se, Region] > Trade [trad, Category] > Foreign Trade > Regions

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Taiwan

Public Finance (Annual)‍

Country & Region > Taiwan [tw, Region] > Government & Public Finance [gpfi, Category] > Central Government Budget

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Thailand

Government Gross Revenue‍

Country & Region > Thailand [th, Region] > Government & Public Finance [gpfi, Category] > Budgets > General Government > Revenue‍

Total Assets of Insurance Business‍

Country & Region > Thailand [th, Region] > Business Statistics [bust, Category] > Insurance > Premium Income‍

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‍United States‍

Boeing Sales Breakdown ‍

Equity - Fundamentals > Industry Classification - MBIC > United States [us, Region] > Transportation & Logistics > Aircraft & Airlines > Aircraft > Boeing Co [com_03108, Company]‍

Rivian Motor Vehicles Production & Delivery Report‍

Equity - Fundamentals > Industry Classification - MBIC > United States [us, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Rivian Automotive Inc [com_j0438, Company]

Tesla Production & Deliveries‍

Equity - Fundamentals > Industry Classification - MBIC > United States [us, Region] > Transportation & Logistics > Automotives > Automotive Manufacturing > Tesla Inc [com_93301, Company]

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‍World‍

ND-GAIN Country Index: Exposure Components‍

Source & Release > World [world, Region] > Notre Dame Global Adaptation Initiative > ND-GAIN Country Index [rel_ndgainci, Release] > Exposure Components

Drewry Shipping Consultants Ltd ‍

Source & Release > World [world, Region] > Drewry Shipping Consultants Ltd > World Container Index by Drewry [rel_drewrycont, Release]

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All written and electronic communication from Macrobond Financial AB is for information or marketing purposes and does not qualify as substantive research.