Page 257 - கிறிஸ்துவர் ஜனநாயகவாதி தொழிற்சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

1/11/2021 1:12:34 AM GMT The new Covid outbreak, social restrictions, business closures, and lockdowns render most of the upcoming data mostly irrelevant.  Given the serious spread of the infection and the seemingly slow rollout of the vaccine, the economic data will be distorted even though the impact may not be as severe as last March and April. Policy settings are also considerably more accommodative, though it does little to address the loss of capacity, especially in services.    Manufacturing is holding up better than services, as one may expect. That is what the PMI reports showed, and what the industrial production data from Europe (November) and the US (December) are likely to show in the days ahead.   Some production will meet current demand, but it also appears to be getting a boost from replenishing inventories.   The importance of the economic data may lie in the broader picture that emerges.  Two elements seem particularly notable: trade and inflation.  

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