| Today's Economy
Canada’s Q1 GDP Projection Holding Steady Our high-frequency model pegs quarterly growth at 2.2%. LatAm Weekly: Tallying Brazil's Damage The recession's toll on jobs and incomes has been severe. Canada Weekly: Shifting Sands Rising energy prices will fuel the revival in Alberta and Saskatchewan’s housing markets. Portugal's Consumer Prices Accelerate Rising energy prices pushed inflation up in January. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 10 February, 2017 Risks are tilted to the downside for Germany’s fourth quarter growth. Macro Roundup: U.K. Housing Market Coming Off the Boil The supply shortage will still keep prices up despite the slowdown in demand. Argentina Outlook: Gradual Recovery in 2017 Macroeconomic adjustments are beginning to pay off. Australia Outlook: Diverging Prospects Growth likely rebounded at the end of 2016, but the economy will slow in 2017. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Nonfarm Payrolls
2016Q4: 16.2 mil
Employment in France continued to expand for the seventh quarter in a row, driven by temporary jobs. France
Industrial Production
Dec. 2016: -0.9%
France's industrial production surprised on the downside in December. Italy
Industrial Production
Dec. 2016: 1.4%
Italy’s industrial production surprised on the upside and continued to grow in December. United Kingdom
Industrial Production
Dec. 2016: 1.1%
U.K. industrial production surprised on the upside and increased 1.1% m/m in December, following a 2% jump in the previous month. United Kingdom
Foreign Trade
Dec. 2016: -£10.9 bil
The U.K. trade balance for goods was in deficit by £10.9 billion in December, shrinking from a £11.6 billion shortfall previously. India
Industrial Production
Dec. 2016: -0.4%
Industrial production in India remains below potential on the back of weak investment growth over the past year. United States
Import and Export Prices
Jan. 2017: 0.4%
The U.S. is importing deflation, but the magnitude is showing signs of moderating. Canada
Labor Force Survey
Jan. 2017: 6.8%
The Canadian labor market is off to a strong start to the new year. Mexico
Industrial Production
Dec. 2016: -0.6%
The national industry ended the year with a mild annual contraction, thus extending its weakness. Russian Federation
Foreign Trade
Dec. 2016: $11.8 bil
Russia’s merchandise trade surplus ballooned to $11.8 billion in December from November’s $9.1 billion. United States
University of Michigan Consumer Sentiment Survey
Feb. 2017: 95.7
The preliminary University of Michigan Consumer Sentiment index fell 2.8 points in February to 95.7, marking the index’s first decline since October if the numbers hold through the final monthly report. United States
ECRI Weekly Leading Index
February 03: 145.6
The U.S. economy will expand over the coming quarters, supported by strong economic fundamentals. United States
Treasury Budget
Jan. 2017: $51.3 bil
The U.S. federal budget deficit in fiscal 2017 is on a better trajectory than a year earlier. » VIEW MORE ECONOMIC INDICATORS | 