Today's Economy Final Thoughts Ahead of U.S. GDP We look for a 2.6% gain, but there is more uncertainty than usual. Mexico’s Economy Again Slows Ahead of Elections Uncertainty, inflation and tight policy have affected domestic activity. Spanish Labour Momentum Could Slow The country is not the only one in Europe grappling with structural issues. Talk Isn't Cheap Focusing on the benefits of a weaker U.S. dollar on trade ignores other costs and risks. » VIEW MORE TODAY'S ECONOMY
Commentary Euro Zone Outlook: Still Riding the Wave Despite a strong start, output growth should cool off this year as political uncertainty persist. U.S. Consumer Outlook: Relinquishing the Lead This will be a good, but not great, year for spending. There's More to the New U.S. Tariffs Trump's trade policies introduce a downside risk to Asia’s upbeat 2018 outlook. U.S. Chartbook: Capacity Constraints Growth is nearing its limit as equipment spending rises, construction slows, and initial claims dip. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain Unemployment 2017Q4: 16.55% Spain’s unemployment rate unexpectedly rose to 16.55% in the fourth quarter from 16.4% in the previous quarter and above our expectations of holding steady in the closing stanza. In seasonally adjusted terms, the drop was 1.65% over the quarter. Hong Kong Foreign Trade Dec. 2017: -HK$59.9 bil Hong Kong's trade deficit increased to -HK$59.9 billion in December, up from HK$39.7 billion in November. Euro Zone Monetary Policy Jan. 2018: 0.0% As widely expected, the European Central Bank stood pat on Thursday. Canada Earnings, Hours and Employment Nov. 2017: 2.8% The Canadian labor market made modest but healthy gains in November. Canada Retail Trade Nov. 2017: 0.2% Retail sales rose 0.2% to C$50.1 billion in November, the third consecutive monthly increase. Russian Federation Retail Sales Dec. 2017: 3.1% Russian retail growth accelerated in December. United States Jobless Claims January 20: 233,000 Initial claims for unemployment insurance benefits provide further confirmation of a healthy labor market. Russian Federation Unemployment Dec. 2017: 5.1% The not seasonally adjusted unemployment rate in Russia held at 5.1% in December. Mexico Retail & Wholesale Sales Nov. 2017: -1.5% Household consumption remained weak in November as consumers remain cautious. United States St. Louis Fed Financial Stress Index January 19: -1.46 Financial stress conditions increased for the second straight week, rising to -1.46. United States New-Home Sales Dec. 2017: 625,000 New-home sales slipped in December, falling 9.3% from the revised November total, though they are still 14.1% above the total from December 2016. United States Conference Board Leading Indicators Dec. 2017: 0.6% The outlook for the U.S. economy continues to brighten. United States Natural Gas Storage Report January 19: -288 bil cubic feet Natural gas inventories declined by more than industry analysts were expecting, which will put upward pressure on prices. United States Kansas City Fed Manufacturing Survey Jan. 2018: 16 The expansion of manufacturing in the Kansas City Federal Reserve District shows no sign of slowing down. South Korea Consumer Sentiment Index Jan. 2018: 109.9 South Korea’s consumer sentiment index surprised on the downside in January. Japan Consumer Price Index Dec. 2017: Singapore Industrial Production Dec. 2017: United Kingdom Consumer Confidence Jan. 2018: Singapore Employment 2017Q4: » VIEW MORE ECONOMIC INDICATORS |