17 Dec 2021 The Omicron Wave will Hit Activity Hard, but not for Long; we Hope

Ian Shepherdson (Chief Economist and Founder)17th Dec 2021 00:20U.S., Daily Monitor

The U.K.'s exponential leap in Covid cases and plunge in services activity is coming to the U.S., soon.

We hope the Omicron wave will be brief, but it is cer- tain to be severe, at least in terms of cases.

The robust industrial recovery continues, with every chance of further increases in output in Q1.

airline fares Bank of England bonds capex construction cpi December economic activity electronics empire state empire state survey fed fed chair fed survey fomc fomc members forecasts funds gas prices gdp gdp forecast growth growth rate headline index higher inflation home sales homebuilders housing housing starts import prices index industrial production inflation inventories ism ism production ism production index jobless claims June labor labor day labor market london majority manufacturing manufacturing output manufacturing sector March May mortgage mortgage applications mortgage demand nahb index new home sales new york November philly fed population producer prices production q1 q1 forecast q2 q3 q4 q4 forecast redbook remain restaurants retail retail sales s&p 500 sales growth sentiment services activity services sector stocks survey tips total production u.s. us

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