Today's Commentary Turkey's GDP Surprises on the Upside Household consumption and government spending drive growth. Another Hit to U.S. Q1 GDP Revisions to wholesale inventories knock another tenth of a percentage point off growth. Final Thoughts Ahead of March Employment We have dialed back our forecast and now look for a 200,000 increase. Czech Central Bank Holds Fire on Key Rate Currency interventions will continue for one more year. View More Analysis Insight on Critical Issues Asia-Pacific Economic Preview: 4-10 April Australian consumer activity is set to improve, while pessimism mounts in Japan. Europe Economic Preview: 4-8 April Euro zone economies appear to have turned a corner, though risks continue. Latin America Economic Preview: 4-8 April Inflation has begun to moderate after reaching high rates in some countries. Germany Outlook: A Turn Towards Anglo-American Trade Although domestic demand drove expansion last year, the trade surplus reached a record high. View More Analysis Today's Releases Canada | Earnings, Hours and Employment | January | 0.4% | Average weekly earnings of nonfarm payroll employees were $953 in January, down 0.7% from December. Compared ... | | Canada | Industry Output | January | 0.6% | The Canadian economy continues to accelerate. Real Canadian GDP rose 0.6% in January, the fourth consecutive ... | | Chile | Employment | February | 5.9% | The national unemployment rate averaged 5.9% in the December-February period, down from 6.1% a year earlier. ... | | Euro Zone | Consumer Price Index | March | -0.1% | |
| Euro Zone | Preliminary Consumer Price Index | March | -0.1% | Deflation pressures eased a little in March, with annual harmonized inflation climbing to -0.1% from ... | | France | Household Consumption Survey | February | 0.6% | French household consumption rose 0.6% month over month in February after adding a revised 1% in January. ... | | France | Producer Price Index | February | -4.1% | France's producer prices fell significantly, by 4.1% y/y in February, following a decrease of 2.7% in ... | | Germany | Retail Sales | February | -0.4% | German retail sales fell 0.4% m/m in February after a revised 0.1% drop a month earlier. Sales climbed ... | | Germany | Employment Situation | March | 6.2% | Germanyâs seasonally adjusted unemployment rate was 6.2% in March for the third consecutive month, thanks ... | | Italy | Producer Price Index | February | -3.5% | Low energy prices and a cooling economy weighed on Italyâs producer prices in February. Producer prices ... | | Japan | Housing Starts | February | 7.8% | Japan's housing starts surprised on the upside, although the overall trend remains weak. Housing starts ... | | Spain | Retail Sales | February | 7.4% | Spain's retail trade, not seasonally adjusted, surprised on the upside and expanded 7.4% y/y in February, ... | | Thailand | Private Consumption | February | 3.1% | Weak domestic and external conditions mean that Februaryâs gains in consumption spending are unlikely ... | | Thailand | Foreign Trade | February | US$6.0 bil | Weak domestic conditions are constraining Thai imports. Thailandâs trade surplus expanded to US$6 billion ... | | United Kingdom | BoE Lending to Individuals | February | £4.9 bil | Total net lending to individuals climbed by £4.9 billion in February, down from a £5.4 billion increase ... | | United States | St. Louis Fed Financial Stress Index | 03/25/2016 | -0.842 | Financial market conditions eased as fears of a U.S. recession subsided. The St. Louis Fed Financial ... | | United States | Wholesale Trade (MWTR) | January | 0.2% | |
| United States | Natural Gas Storage Report | 03/25/2016 | -25 bil cubic feet | Natural gas storage fell after rising in the previous week, giving the gas market some good news. Working ... | | United States | Challenger Report | March | 48,207 | Coming on the heels of other recent reports such as the ADP employment report and first-time unemployment ... | | United States | Jobless Claims | 03/26/2016 | 276,000 | The larger than anticipated increase in initial claims isnât cause for concern. New filings rose 11,000 ... | | Uruguay | GDP | 2015Q4 | -0.1% | Uruguayâs economy ground to a halt in the fourth quarter amid plunging investment in the countryâs export-oriented ... | | View More Releases Survey of Business Confidence Latest: 30.7 The wild swings in global financial markets have buffeted business confidence. Sentiment fell with the markets through early this year but, like the markets, has firmed in recent weeks. Recent responses to all of the survey questions have taken on a brighter hue. And despite the decline in confidence in recent months, in a broader historical context, business sentiment is good and consistent with an economy that is expanding at the high end of its potential. View Full Analysis Reader's Choice U.S. Consumer Outlook: Supports for Spending Shift Real spending growth will reaccelerate, but supports will be different from last year. A More Promising Road to GSE Reform Reforming Fannie Mae and Freddie Mac is critical. U.S. Chartbook: Profit Pain The fourth quarter wasn't kind to corporate profits but the economic costs should be small, for now. U.S. Credit Outlook: A Cautionary Tale Both lenders and consumers have been wary to extend and demand credit. The Oil Rebalancing Act U.S. oil production holds the key for oil prices.
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