| Today's Economy
OPEC Output Nearly Matches Quotas Oil price increases remain elusive. Steady Sailing for Growth Q4 U.S. GDP is now tracking 2.1% while Q1 is at 1.9%. Border Adjustment Debate Muddies Corporate Tax Cut Waters The fight is on, and the potential for comprehensive reform this year is increasingly uncertain. A Compelling Case for Stronger U.S. Inflation The Fed may move sooner than expected on a rate hike. » VIEW MORE TODAY'S ECONOMY
Commentary
Indonesia Outlook: Brighter Prospects Higher commodity prices, better economic management, and low interest rates provide the boost. U.S. Regional Outlook: Immigration, Trade Raise Questions The future looks bright, but uncertainties over federal policies bring downside risks. Russia Outlook: Rebounding The economy is set to exit recession with a stronger banking sector, but weaknesses linger. U.S. Macro Outlook: Recession Is a Good Way Off Economic growth remains remarkably stable. » VIEW MORE COMMENTARY
Today's Economic Indicators
Taiwan
GDP
2016Q4: 2.9%
Taiwan shook off its weak start to end 2016 on a strong note. United Kingdom
Unemployment
Jan. 2017: 4.8%
The U.K. headline unemployment rate for the December quarter remained steady at 4.8%, its lowest since mid-2005. Euro Zone
External Trade
Dec. 2016: €28.1 bil
The euro zone’s external trade surplus expanded in December to €28.1 billion, not seasonally adjusted, from €24.4 billion in December 2015, as exports rose faster than imports. United States
MBA Mortgage Applications Survey
February 10: -3.7%
Mortgage applications were down last week, giving up the gains of the prior week. Peru
Unemployment
Jan. 2017: 7.2%
The jobless rate in the Lima metropolitan area punched in at 7.2% for the three months ended in January, its highest reading since August and up a full percentage point from the previous three-month period. United States
NY Empire State Manufacturing Survey
Feb. 2017: 18.7
Manufacturing is heating up in New York, according to the most recent Empire State Manufacturing Survey. United States
Retail Sales
Jan. 2017: 0.4%
Retail sales surprised on the upside in January, starting the year on a good note. Canada
Survey of Manufacturing
Dec. 2016: 2.3%
Manufacturing sales made an impressive 2.3% gain in December, the second consecutive monthly increase. United States
Consumer Price Index
Jan. 2017: 0.6%
U.S. inflation pressures are developing, putting some unjustified pressure on the Fed. United States
Industrial Production
Jan. 2017: -0.3%
Industrial production declined 0.3% in January, in line with our forecast but softer than the consensus. United States
Business Inventories (MTIS)
Dec. 2016: 0.4%
Business inventories finished the year on a high note. United States
MBA Delinquency Rates
2016Q4: 4.8%
Mortgage delinquencies ticked up in the fourth quarter but were nearly unchanged on a year-ago basis. United States
NAHB Housing Market Index
Feb. 2017: 65
Homebuilder sentiment fell to 65 in February, down 2 points from January but still indicating favorable conditions for housing market growth over the next six months. United States
Oil Inventories
February 10: 518.1 mil barrels
A second consecutive week of runaway oil inventory builds will put downward pressure on crude oil prices. China
Foreign Direct Investment
Jan. 2017:
Indonesia
Foreign Trade
Jan. 2017:
United States
Treasury International Capital Flows
Dec. 2016: -$12.9 bil
Net long-term capital flows were negative for the first time in three months in December. Australia
Employment Situation
Jan. 2017:
Malaysia
GDP
2016Q4:
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