Today's Economy Canada Weekly: Delaying the Launch Younger individuals are delaying their working years to pursue more schooling. The Economic Case to Root for the Patriots A Eagles win would be good for Philly fans but not the economy. Australia's Cheery Start to Q1 Our GDP tracker suggests a 2.7% y/y expansion in Q1, unchanged from the estimated Q4 pace. Japan's Prowess Continues in Q1 Our high-frequency GDP tracker suggests 1.8% growth y/y in Q1, from an estimated 2% in Q4. » VIEW MORE TODAY'S ECONOMY
Commentary Making a Mountain Out of a Molehill U.S. average earnings were solid in January but there are reasons to discount it some. Europe Weekly Highlights and Preview, 2 February, 2018 We now expect a BoE rate hike in August. An Early Look at Q1 U.S. GDP GDP is tracking 3.5%, but the first quarter is full of potential potholes. Japan Outlook: Surprisingly Good Prospects After a strong 2017, the country's economy is expected to maintain momentum. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone Producer Price Index Dec. 2017: 2.2% Producer prices in the euro zone moderated to 2.2% y/y in December, as energy prices contributed far less. Chile Retail & Wholesale Sales Dec. 2017: 3.1% Chile’s retail and wholesale sales index posted a solid improvement in December. United States Employment Situation Jan. 2018: 200,000 The year started on a strong note with payrolls advancing by 200,000 jobs, consistent with our expectation, thanks to a partial reversal in the drop in retail and government payrolls from December. Russian Federation Business Confidence Jan. 2018: -3.0 Russian business confidence improved by 2 percentage points in January, with manufacturing managers reporting net -3% positive responses relative to -5% in December. United States ISM - NY Report Jan. 2018: 72.5 Purchasing managers in New York City are as sanguine as they have been in over a decade, according to the January ISM-New York Report on Business. United States Factory Orders (M3) Dec. 2017: 1.7% Despite a few soft spots in the data, U.S. factories are doing well. United States University of Michigan Consumer Sentiment Survey Jan. 2018: 95.7 Consumer sentiment finished January down 0.2 point, falling to 95.7. United States ECRI Weekly Leading Index January 26: 151.6 The U.S. economy is good shape. » VIEW MORE ECONOMIC INDICATORS |