| Today's Economy
Economic Roundup: Shakened but Not Stirred The lousy week of data didn't significantly alter our confidence in the state of the economy. Canada Weekly: A Sticky Situation Canada's maple empire faces growing threats from U.S. producers and climate change. The Political Economy of Trump’s National Emergency Declaration The politics of wall construction eclipse the economics. Europe Daily Briefing: Finally Some Good News From the U.K.! Retail sales surged in January, as consumers remain willing to spend despite Brexit. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, February 15, 2019 Odds are rising that the Fed's balance sheet runoff will end sooner than some anticipate. Macro Roundup: A Close Look at China’s Start to 2019 Stimulus effects are materializing along with the implications of the trade war. Europe Weekly Highlights and Preview, 15 February, 2019 Euro zone CPI figures will confirm that inflation pressures cooled sharply. Asia-Pacific Weekly Highlights and Preview, 15 February, 2019 Japan's core CPI likely remained shy of 1% y/y in January, and the BoJ will stay quiet in 2019. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global GDP
2018Q3: 2.1%
The global economy has slowed. India
Foreign Trade
Jan. 2019: -US$14.7 bil
Spain
Consumer Price Index
Jan. 2019: 1%
Spanish inflation further eased to 1% in January from 1.2% thanks to a sharp drop in prices of clothes and tourism packages. United Kingdom
Retail Sales
Jan. 2019: 4.2%
U.K. retail sales beat expectations and accelerated to 4.2% y/y in January, from 3.1% in December. Euro Zone
External Trade
Dec. 2018: €17 bil
The euro zone’s external trade surplus narrowed to €17 billion in December from €24.5 billion a year earlier. Peru
Unemployment
Jan. 2019: 6.5%
The job market in the Lima metropolitan area continues to improve. Russian Federation
Industrial Production
Jan. 2019: 1.1%
Russian industrial production rose 1.1% year over year in the first month of 2019, the weakest improvement since December 2017. Canada
International Transactions in Securities
Dec. 2018: -C$19.0 bil
Foreign investors rushed for the exit in December, leading to a record decline in their Canadian bond holdings. United States
Import and Export Prices
Jan. 2019: -0.5%
The U.S. isn’t importing a noticeable amount of inflation, further supporting the Fed’s plan to keep monetary policy unchanged for the foreseeable future. United States
NY Empire State Manufacturing Survey
Feb. 2019: 8.8
After consecutive monthly declines, the Empire State Manufacturing Survey rebounded a bit in February. United States
Industrial Production
Jan. 2019: -0.6%
Industrial production fell 0.6% in January, marking its first decline in eight months. United States
MBA Delinquency Rates
2018Q4: 4.06%
Fourth-quarter mortgage performance improved from the third quarter. United States
University of Michigan Consumer Sentiment Survey
Feb. 2019: 95.5
Consumer sentiment managed a partial recovery in the preliminary February report, regaining 4.3 points after last month’s slide. United States
CreditForecast.com Household Credit Report
Jan. 2019: 3.87%
U.S. household borrowing grew by 0.54%, or $70 billion, in January. United States
Treasury International Capital Flows
Dec. 2018: -$48.3 bil
Net long-term flows fell in December, the first outflow in six months. » VIEW MORE ECONOMIC INDICATORS | 
