Today's Commentary Economic Roundup: Uncertainty Hounds Central Bankers Central bankers in the U.K., Switzerland and Norway all face their own set of risks. Venezuela Faces Severe Energy Crisis Power generation is hindered by drought and lack of investment. BoE Keeps the U.K. Policy Rate Unchanged Economic activity remains robust, but there are signals of weakness in domestic demand. Economic Briefing: Fedâs Statement Boosts Asian Currencies The slew of disappointing data continued for Japan. View More Analysis Insight on Critical Issues Asia-Pacific Economic Preview: 21-25 March Japanese inflation remains elusive. Europe Economic Preview: 21-25 March Public finance figures will likely show that the British government missed its deficit target. U.S. Workforce Expands Revised data show job growth, though slowing, was stronger than previously reported. Indonesia Outlook: Time to Deliver Stimulus begins to address the below-potential GDP growth. View More Analysis Today's Releases Argentina | Retail Sales Index | January | 27.2% | The index that tracks nominal sales at Buenos Airesâ largest shopping centers increased 27.2% y/y in ... | | Canada | Wholesale Trade | January | 0% | Wholesale trade stalled in January, but the trend remains positive. Wholesale sales were unchanged at ... | | Euro Zone | Consumer Price Index | February | -0.2% | The euro zone consumer price index fell 0.2% y/y in February, following a 0.3% increase a month earlier, ... | | Euro Zone | External Trade | January | â¬6.2 bil | The euro zoneâs external trade surplus narrowed in January to â¬6.2 billion, not seasonally adjusted, ... | | Indonesia | Monetary Policy | March | 6.75% | Bank Indonesia made it a hat trick of rate cuts at its March monetary policy meeting. The policy rate ... | | Italy | Foreign Trade | January | â¬0.0 billion | Italyâs merchandise trade surplus narrowed to â¬35 million in January from â¬6 billion a month earlier ... | | Russia | Industrial Production | February | 1.0% | February's reading of Russia's industrial output surprised with a 1% annual increase, closing almost ... | | United Kingdom | Monetary Policy and Minutes | March | 0.5% | The Bank of England kept its main repurchase rate at 0.5% and its target for asset purchases at £375 ... | | United States | St. Louis Fed Financial Stress Index | 03/11/2016 | -0.651 | Financial market conditions eased last week as oil and equity markets rebounded. The St. Louis Fed Financial ... | | United States | Job Openings and Labor Turnover Survey | January | 3.7% openings rate | The January Job Openings and Labor Turnover Survey reflects the temporary weakness in job gains following ... | | United States | Conference Board Leading Indicators | February | 0.1% | A slow expansion should continue over the coming months. The Conference Board index of leading indicators ... | | United States | Philadelphia Fed Survey | March | 12.4 | The Philadelphia Fed Manufacturing Business Outlook Survey brought good news in March. General business ... | | United States | Natural Gas Storage Report | 03/11/2016 | -1 bil cubic feet | As spring weather looms, natural gas storage is falling by smaller amounts. Working gas in underground ... | | United States | Current Account | 2015Q4 | -$125.3 bil | The current account deficit, the broadest measure of U.S. trade with the rest of the world, narrowed ... | | United States | Jobless Claims | 03/12/2016 | 265,000 | Layoffs are low, just one sign that the job market is tightening quickly and slack is diminishing. Initial ... | | View More Releases Survey of Business Confidence Latest: 30.9 Business sentiment has firmed in recent weeks in tandem with the rally in global financial markets. The turmoil in markets late last year and early this year had noticeably weakened confidence, hitting assessments of present conditions especially hard. But recent responses to all of the survey questions have taken on a brighter hue. Expectations regarding the outlook into this summer remain notably strong, with over half of respondents saying conditions will improve by then. And despite the decline in confidence in recent months, in a broader historical context, business sentiment is good and consistent with an economy that is expanding at the high end of its potential. View Full Analysis Reader's Choice U.S. Macro Outlook: Myth Busting The electorate seems unconvinced, but solid fundamentals are driving the economy. Global Outlook: Calling All Hands Collective action is needed to protect the recovery. U.S. Regional Outlook: The Expansion Continues The outlook is upbeat, for most of the country. U.S. Chartbook: Silencing the Critics Job growth and vehicle sales in February should allay concerns about the economy. U.S. Chartbook: Resilience is Tested The expansion is still in mid-cycle, but recent financial market tightness has tempered sentiment.
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