| Today's Economy
Canada Weekly: High-Wage Jobs Take a Hit January earnings figures show declining wages for higher-paying industries as the economy slows. Europe Daily Briefing: Euro Zone Closes the Week on a Cheerier Note Germany came out of the doldrums, while France seems on solid footing. Asia-Pacific Daily Briefing: February Was a Mixed Bag for Japan Japan's March quarter GDP growth is tracking at 0.9% y/y. Firming of Base Metals Prices Weighs Against Nearness of a Recession The annual percent changes of world economic growth and Moody’s industrial metals price index have generated a relatively high correlation. » VIEW MORE TODAY'S ECONOMY
Commentary
Let's Talk About the Yield Curve Recession signal likely overdone unless we talk ourselves into a downturn. Life After a No-Deal Brexit Some of the disruptions would be cushioned by contingency plans; some wouldn't. Europe Weekly Highlights and Preview, 29 March, 2019 Inflation pressures likely eased in the euro zone. Macro Roundup: New Zealand Is Ahead of the Curve The importance of New Zealand goes beyond the size of its GDP. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Household Consumption Survey
Feb. 2019: -0.4%
France's household goods consumption fell by 0.4% m/m in February, only partially reversing January’s 1.4% rise. Germany
Retail Sales
Feb. 2019: 0.9%
German retail sales continued to gain in February, beating market expectations of a mild contraction. Spain
Retail Sales
Feb. 2019: 0.3%
Spain’s retail growth posted another encouraging month, coming in at 0.3% from the previous month in seasonally adjusted terms. Spain
GDP
2018Q4: 0.6%
As with the third quarter, domestic demand drove output growth in Spain while export receipts languished. Germany
Unemployment
Mar. 2019: 4.9%
Germany’s seasonally adjusted unemployment rate fell to a new record low of 4.9% in March. United Kingdom
GDP - Quarterly
2018Q4: 0.2%
Final numbers confirmed that U.K. real GDP grew by 0.2% q/q in the fourth quarter, a sharp deceleration from the third stanza’s upwardly revised 0.7%. Brazil
Employment Situation
Feb. 2019: 12.4%
Unemployment continued to increase in February, affected by the typical seasonal effect at the beginning of the year. Chile
Employment
Feb. 2019: 6.7%
The national unemployment rate averaged 6.7% in the December-February rolling quarter, unchanged from a year earlier. Chile
Manufacturing Production
Feb. 2019: 0.78%
Chile’s industry decelerated in February, dragged down by a contraction in mining. Canada
Industrial Product and Raw Materials Price Indexes
Feb. 2019: 0.3%
The industrial product price index rose in February offsetting January's decline. The index rose 0.3% mostly because of higher energy and petroleum prices. Canada
Industry Output
Jan. 2019: 0.3%
Canadian GDP reversed its recent declines in January, exceeding both consensus and Moody’s Analytics expectations. Uruguay
GDP
2018Q4: 0.6%
Uruguay’s economy decelerated to close out 2018. United States
Personal Income
Feb. 2019: 0.2%
Nominal personal income growth came in a little light in February, rising 0.2%. United States
PCE Deflator
Jan. 2019: -0.1%
The absence of an acceleration in U.S. inflation will keep the Federal Reserve on the sidelines for the foreseeable future. United States
Personal Spending
Jan. 2019: 0.1%
Real consumer spending has hit a soft patch, but as long as the labor market and collective psyche hold up, this weakness should prove temporary. United States
University of Michigan Consumer Sentiment Survey
Mar. 2019: 98.4
Solid economic conditions pushed consumer sentiment higher in the final March report, with sentiment gaining 4.6 points over the previous month and reaching a five-month high of 98.4. United States
New-Home Sales
Feb. 2019: 667,000
Led by the Northeast and Midwest, new-home sales increased modestly in February. Chile
Monetary Policy
Mar. 2019:
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