Today's Economy Economic Roundup: U.S. Business Investment Limps Into 2019 Durable goods orders suggests capital spending dropped in Q4. Q4 U.S. GDP Continues to Head South Durable goods orders now have fourth quarter growth tracking 1.7%. Europe Daily Briefing: Euro Zone PMIs a Mixed Bag Manufacturing sagged, especially in Germany, while services picked up. Asia-Pacific Daily Briefing: Aussie Labour Market in Good Shape The trend unemployment rate held at 5.1% in January, employment growth was an above-trend 2.4% y/y. » VIEW MORE TODAY'S ECONOMY
Commentary Healthy Banking Industry Should Give Singapore’s Economy a Lift The banking industry supports consumption and investment to drive the broader economy. The U.S. Trade Deficit With China There's no easy way to close the gap. Fed Scenario Highlights Cross-Border Synchronicity Under the hypothetical severe stress test, if the U.S. economy declined, Mexico's would sink more profoundly. U.S. Macro Outlook: Holding It Together for Now The economic expansion feels surprisingly tenuous. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Consumer Price Index Jan. 2019: 1.4% France's EU-harmonized inflation rate reached a low of 1.4% y/y in January, still off its peak of 2.5% in October. Indonesia Monetary Policy Feb. 2019: 6.0% Bank Indonesia is following the lead of the Federal Reserve. Italy Consumer Price Index Jan. 2019: 0.9% Italy’s annual harmonized EU inflation slowed further in January, rising 0.9 y/y, down from a 1.2% gain in the previous month. Peru GDP 2018Q4: 4.8% The Peruvian economy rebounded in the final quarter of 2018, surmounting setbacks in the important mining and hydrocarbon sectors that dulled growth the quarter prior. United States Jobless Claims February 16: 216,000 Jobless claims have been choppy lately, but they may be getting back on track, a sign of enduring strength in the U.S. labor market. United States Durable Goods (Advance) Dec. 2018: 1.2% New orders for durable manufactured goods increased 1.2% in December, their second consecutive monthly gain. Canada ADP Canada National Employment Report Jan. 2019: 35,418 The Canadian labor market started 2019 with a solid performance. Canada Wholesale Trade Dec. 2018: 0.3% Canadian wholesale trade ended the year on a slightly positive note, with sales rising 0.3% to C$63.1 billion in December. United States Industry GDP 2018Q3: 3.0 ppt, SAAR The U.S. economy did well in the third quarter, with GDP growth coming in at 3.4% at an annualized rate, and the breadth was solid. United States Philadelphia Fed Survey Feb. 2019: -4.1 Manufacturer sentiment fell into negative territory in the Philadelphia Federal Reserve District for the first time since 2016. United States Conference Board Leading Indicators Jan. 2019: -0.1% The outlook for the U.S. economy has weakened. United States Existing-Home Sales Jan. 2019: 4.94 mil The U.S. housing market is not off to a good start for 2019. United States St. Louis Fed Financial Stress Index February 15: -1.13 Financial market stress decreased for the seventh straight week. United States Natural Gas Storage Report February 15: -177 bil cubic feet Natural gas inventories fell by 177 billion cubic feet in the week ended February 15, exceeding expectations of a 162-bcf decline. United States Oil Inventories February 15: 454.5 mil barrels Crude oil inventories rose by 3.7 million barrels in the week ended February 15, exceeding the consensus expectation of a 3.1 million-barrel rise and the American Petroleum Institute's estimate of a 1.3 million-barrel rise. Japan Consumer Price Index Jan. 2019: » VIEW MORE ECONOMIC INDICATORS |