Today's Economy Economic Roundup: U.S. Soft Data Begin to Lose Some Luster The ISM survey weakened in March but remains solid. Weather May Have Lowered March U.S. Employment A major snowstorm hit during the payroll reference week. Heavy Rains Push Peru's Inflation Higher Adverse climate conditions are stoking inflation pressures. Q1 U.S. GDP Now Tracking Less than 1% February construction spending points toward a more modest gain in nonresidential structures. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: Hard Data Versus Soft Surveys paint a brighter picture than the hard numbers on spending, income and trade. U.S. Federal Fiscal Outlook: Tapping the Brakes New baseline assumptions highlight rising political risks. U.S. Weekly Highlights and Preview, March 31, 2017 In the busy week ahead, incoming survey data should remain strong. Europe Weekly Highlights and Preview, 31 March, 2017 Capital goods output has been volatile in the euro zone’s biggest economy lately. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Semiconductor Billings Feb. 2017: -0.8% Global semiconductor sales slipped slightly in February 2017, but the industry is holding up nicely. Russian Federation GDP 2016Q4: 0.3% Fourth quarter GDP in Russia reached expansionary territory at 0.3% y/y, the first increase in two years, showing a solid 0.7-point increase over the third quarter. Spain Business Confidence Mar. 2017: -1 Spain’s business confidence fell to -1 in March after 2 in the previous month. Italy Unemployment Feb. 2017: 11.5% Italy's unemployment rate dropped to 11.5% in February, exceeding our expectations, from a downwardly revised 11.8% in the previous month. Euro Zone Producer Price Index Feb. 2017: 4.5% Euro zone producer prices surprised markets on the upside and rose by a strong 4.5% y/y in February following an upwardly revised 3.9% increase a month earlier. Euro Zone Unemployment Feb. 2017: 9.5% Euro zone unemployment continues to head south. Chile Retail & Wholesale Sales Feb. 2017: -1.7% Evidence of Chile’s decelerating economy is appearing in sales data, with the wholesale and retail sales index contracting for the first time in its two-year history. Peru Consumer Price Index Mar. 2017: 4% Inflation shot up in March as adverse climate conditions took a larger toll on crop yields and slowed traffic along major cargo routes. United States Construction Spending (C30) Feb. 2017: 0.8% Construction spending increased 0.8% in February, less than the consensus estimate for the second consecutive month. World Moody's Analytics Survey of Business Confidence March 31: 33.5 Global business sentiment remains strong, as it has all year. United States ISM Manufacturing Index Mar. 2017: 57.2 The March ISM manufacturing index came in weaker than we had anticipated, but it doesn’t alter our view that factory conditions are improving. United States Vehicle Sales - AutoData Mar. 2017: 16.6 mil, SAAR Brazil Foreign Trade Mar. 2017: US$7.14 bil Brazil posted easily its largest trade surplus on record in March, surpassing its previous peak by more than $700 million. South Korea Consumer Price Index Mar. 2017: Australia Foreign Trade Feb. 2017: » VIEW MORE ECONOMIC INDICATORS |