Today's Economy Economic Roundup: U.S. Consumer Is Still Nursing a Hangover Retail sales fell in February, but spending should bounce back in March. U.S. Q1 GDP Heads South, Following a Pattern The first quarter remains plagued by residual seasonality. OECD Sees a Success Story in Europe The cyclical upswing has further to go in Germany and France. Europe Daily Briefing: Weather Plays With Production Figures in the Euro Zone Energy dragged on the headline in January, but prospects remain healthy. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Trade Policy: Pride and Protectionism Generally, tariffs make more political than economic sense. Who Can Handle the Heat? Rising Temperatures and U.S. Regional Economies As climate patterns shift, some parts of the country may benefit at the expense of others.
Mexico Outlook: Transitory Acceleration in 2018 The economy will benefit from the political cycle in the presidential election year. U.S. Chartbook: The Labor Market Pitches a Near-Perfect Game It doesn’t get much better than the February employment report. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Consumer Price Index Feb. 2018: 1.4% Germany's annual national measure of inflation retreated to 1.4% in February, or 1.3% seasonally adjusted, after accelerating to 1.6% at the start of the year. Spain Retail Sales Jan. 2018: 0.3% Retail sales gained 0.3% m/m in January, a little above our expectations and partially recovering from the 0.6% drop in December. Italy Retail Sales Jan. 2018: -0.5% Italy’s retail sales decreased 0.5% m/m in January, continuing the previous month’s trend. Euro Zone Industrial Production Jan. 2018: -1% Falling short of both our expectations and the consensus, euro zone industrial production fell by 1% m/m in January, more than reversing the 0.4% rise in December. United States MBA Mortgage Applications Survey March 09: 0.9% Mortgage applications were up again by a sliver last week, while interest rate movements were mixed. United States Producer Price Index Feb. 2018: 0.2% Producer prices rose a touch more than we expected, keeping the Federal Reserve on track to raise interest rates later this month. United States Retail Sales Feb. 2018: -0.1% U.S. retail sales disappointed in February, but there isn’t any immediate cause for concern, as delayed tax refunds likely more than offset any support from the tax cuts. Canada New Motor Vehicle Sales Jan. 2018: 6.4% The number of new motor vehicles sold decreased by 5.9% from December to 120,179 in January, with monthly sales of new cars and new trucks decreasing. United States Tech Pulse Feb. 2018: 87.6 The U.S. tech sector continues its impressive run. Russian Federation Foreign Trade Jan. 2018: US$17.0 bil Russia’s trade balance jumped higher in January. United States Business Inventories (MTIS) Jan. 2018: 0.6% Stockpile growth is gathering steam. United States Oil Inventories March 09: 430.9 mil barrels A much larger than expected increase in crude oil inventories will put downward pressure on oil prices. Colombia Industrial Production Jan. 2018: 1.1% Manufacturing output expanded 1% y/y in January, after contracting 0.8% in the previous month. Indonesia Foreign Trade Feb. 2018: Uruguay Industrial Production Jan. 2018: India Foreign Trade Feb. 2018: Argentina Consumer Price Index Feb. 2018: 25.5% The statistics office’s consumer price index for the Buenos Aires metro area increased 2.6% in February, up from 1.6% in the previous month and 2.5% a year earlier. New Zealand GDP 2017Q4: » VIEW MORE ECONOMIC INDICATORS |