Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, March 15, 2017

Today's Economy


Northeast U.S. Storm's Economic Disruption Blows Over Quickly

Much like its underwhelming snowfall amounts, the costs of Tuesday's blizzard appear modest.

Q1 U.S. GDP Continues to Look Soft

Tax refunds may have dinged spending in February; the inventory build is also coming in lighter.

Fed Is Behind the Curve, Though Not by Much

To make up for past inflation misses, the Fed should be aiming for core inflation above 2%.

U.K. Job Growth Is Solid, but Wages Are Slowing

The BoE’s decision to keep interest rates at a record low is warranted.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Regional Outlook: Closing the Gap

Differences are narrowing, and all regional economies are performing well.

Thailand Outlook: Challenges on Investment, Demographics, Debt

Fiscal stimulus continues; the government has introduced a mish-mash of measures.

Changes to the Fed Are Blowin' in the Wind

Some current proposals go too far and would have significant long-term economic costs.

Mexico Outlook: More Moderation Ahead

U.S. policies on trade and investment will affect the economy's potential capacity to grow.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Indonesia
Foreign Trade
Feb. 2017: US$1.32 bil
The commodity-oriented rebound in Indonesia's exports remains intact in early 2017.

France
Consumer Price Index
Feb. 2017: 1.4%
At 1.4%, France's annual inflation slowed a little in February, mainly due to weak prices of clothing and medical products.

Italy
Retail Sales
Jan. 2017: 1.4%
Italy’s retail sales climbed 1.4% m/m in January, reversing two previous monthly drops.

United Kingdom
Unemployment
Feb. 2017: 4.7%
The U.K. headline unemployment rate for the January quarter unexpectedly fell to 4.7%, from 4.8%, its lowest in more than 40 years.

Italy
Consumer Price Index
Feb. 2017: 1.6%
Italy’s annual EU-harmonized inflation rose 1.6% in February, following a 1% increase in the previous month.

United States
MBA Mortgage Applications Survey
March 10: 3.1%
Mortgage applications were up again last week, as homebuyers and those refinancing attempted to enter the market ahead of the Federal Reserve’s projected March rate hike.

Peru
Unemployment
Feb. 2017: 7.7%
Peru's labor market is showing signs of strain.

United States
Consumer Price Index
Feb. 2017: 0.1%
There don't appear to be any big surprises in February consumer prices, but the firming in core inflation makes a rate hike by the Federal Reserve later today a slam dunk.

United States
NY Empire State Manufacturing Survey
Mar. 2017: 16.4
March was another strong month for factories in New York, according to the most recent Empire State Manufacturing Survey.

United States
Retail Sales
Feb. 2017: 0.1%
Retail sales grew modestly in February, up 0.1%, after growing an upwardly revised 0.6% in January.

Canada
Brookfield RPS House Price Index
Feb. 2017: 8.6%
Despite further weakening in the gargantuan Vancouver market, Canadian house prices are still in solid shape. House prices rose 0.2% in February across the 13 largest Canadian markets, causing year-ago price growth to slow to 8.6% from 9.3% in January.

United States
NAHB Housing Market Index
Mar. 2017: 71
Homebuilder sentiment rose to 71 in March, up 6 points from February and indicating very favorable conditions for housing market growth over the next six months.

United States
Business Inventories (MTIS)
Jan. 2017: 0.3%
The inventory build started 2017 on solid footing, a trend that will persist over the next leg of the economic expansion.

United States
Oil Inventories
March 10: 528.2 mil barrels
An unexpected dip in crude oil inventories will give prices upward momentum.

United States
FOMC Monetary Policy
Mar. 2017: 0.75 - 1.00 %
The Federal Reserve had essentially pre-announced a rate hike a couple of weeks ago, therefore the outcome of the March Federal Open Market Committee meeting was simply a formality.

India
Foreign Trade
Feb. 2017:

United States
Tech Pulse
Feb. 2017: 84.9
The Federal Reserve’s Tech Pulse Index continued to take strides forward in February.

United States
Treasury International Capital Flows
Jan. 2017: $6.3 bil
Net long-term capital inflows were modest in January.

New Zealand
GDP
2016Q4:

Australia
Employment Situation
Feb. 2017:

» VIEW MORE ECONOMIC INDICATORS

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