Today's Economy Brazil’s Two-Year Recession: A Result of Disinvestment Reduced capacity will limit the recovery and growth. Dip in Wholesale Inventories Doesn't Ding Q1 U.S. GDP Revisions were just enough to nudge up our tracking estimate for the fourth quarter. Consumer Inflation Accelerates in Hungary Inflation at a four-year high. Poland’s Central Bank Holds Course Monetary policy likely won't change until year's end even if inflation overshoots the target. » VIEW MORE TODAY'S ECONOMY
Commentary Japan Outlook: Small Improvements Policymakers are out of ideas; both monetary and fiscal stimulus measures have been exhausted. Euro Zone Outlook: Stoic Optimism The economy remains surprisingly resilient to many headwinds. U.S. Chartbook: Fed's Message Loud and Clear A rate hike will come this month, sooner than markets or we had previously anticipated. U.S. Weekly Highlights and Preview, March 3, 2017 The Fed sends a clear signal of its intention to raise rates this month. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Foreign Trade Jan. 2017: -€ 7.9 bil France's exports dropped sharply, while import growth accelerated, widening the trade deficit. Spain Industrial Production Jan. 2017: 0.3% Spain's industrial production index added 0.3% m/m following a 0.5% dip in the previous month. Germany Industrial Production Jan. 2017: 2.8% German industrial production recovered in January, increasing by 2.8% m/m and offsetting the revised 2.4% drop in December. Chile Consumer Price Index Feb. 2017: 2.7% Annual inflation stayed below target, though prices remained under upward pressures. Brazil Industrial Production Jan. 2017: 0.4% Brazil's industrial sector improved at the start of the year as production remained in positive territory. United States MBA Mortgage Applications Survey March 03: 3.3% Mortgage applications were up again last week despite a rise in interest rates. United States ADP National Employment Report Feb. 2017: 298,000 A mild winter, high consumer confidence, and strong economic fundamentals pushed private payrolls up by 298,000 in February. United States Productivity and Costs 2016Q4: 1.3% Even though U.S. productivity growth was unrevised in the fourth quarter, if one squints, there is some improvement in the trend. Canada Building Permits Jan. 2017: 5.4% The value of Canadian building permits rose 5.4% to C$7.6 billion in January, following two consecutive monthly decreases. United States Wholesale Trade (MWTR) Jan. 2017: -0.2% Wholesale inventories came in a bit lean in January, but all signs point to an upcoming build. United States Oil Inventories March 03: 528.4 mil barrels A much larger than expected build in crude oil inventories will put downward pressure on prices. China Foreign Trade Feb. 2017: Philippines Industrial Production Jan. 2017: United States Tech Pulse Feb. 2017: China Consumer Price Index Feb. 2017: China Producer Price Index Feb. 2017: » VIEW MORE ECONOMIC INDICATORS |