| Today's Economy
U.S. Income Tax Refunds Back in Shutdown’s Crosshairs There could be delays in February, contrary to prior expectations. Argentina Swings to a Quarterly Trade Surplus Peso depreciation has helped rebalance the external sector. Slower Global Growth Will Weigh on Chile Copper exports have helped the country run a trade surplus, but the streak could be ending. Europe Daily Briefing: No Wonder U.K. Industrial Confidence Plunges Weaker global trade, slower euro zone growth, and Brexit uncertainty are all taking a toll. » VIEW MORE TODAY'S ECONOMY
Commentary
The UAE Prospects Beyond Oil The nonoil sector is slowly growing, but the gains are uneven across industries. Australia Housing Outlook: The Ongoing Correction Sydney and Melbourne will continue driving the slowdown in 2019. U.S. Chartbook: Shutdown Will Sting The costs of the partial government shutdown appear to be spreading. U.S. Housing Outlook: The Job Market Effect Slow house price appreciation hampers job growth in many professions. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Monetary Policy
Jan. 2019: ¥80 tril.
The Bank of Japan lowered its growth and CPI forecasts, but otherwise kept all its policy settings unchanged in the first meeting of 2019. United States
MBA Mortgage Applications Survey
January 18: -2.7%
The mortgage market contracted slightly during the week ending January 18. Despite this, the four-week moving average for purchase applications grew by 4.5% on the back of exceptional growth during the previous three weeks, while the four-week moving average for refinancing applications jumped 19% over the previous month—the biggest monthly growth rate since July 2016. Russian Federation
Industrial Production
Dec. 2018: 2.0%
Russian industrial production growth slowed to 2% year over year in December, down 0.4 point from the previous report. Canada
Retail Trade
Nov. 2018: -0.9%
Canadian retail sales stumbled in November. United States
FHFA Purchase-Only House Price Index
Nov. 2018: 5.8%
The Federal Housing Finance Agency Purchase-Only House Price Index increased 5.8% in November on a year-ago basis. United States
Richmond Fed Manufacturing Survey
Jan. 2019: -2
Manufacturing activity declined in the Richmond Federal Reserve District for the second consecutive month, according to the Fifth District manufacturing index. Argentina
Retail Sales Index
Nov. 2018: 20.6%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 20.6% y/y in November, up from 16.6% in the previous month. Australia
Employment Situation
Dec. 2018:
Philippines
GDP
2018Q4:
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