| Wednesday, March 22, 2017 |
| Today's Economy
U.S. Oil Inventories Reach New Record Low demand and high supply are leading to unprecedented storage. Inventories and Mortgage Rates Ding U.S. Existing-Home Sales Further weakness is likely. Economic Briefing: Japanese Exports Surge in February Safe-haven flows strengthened the yen and pushed down stocks. Economic Roundup: When Reality Sets In Sterling’s slump rears its head in February’s U.K. inflation data. » VIEW MORE TODAY'S ECONOMY
Commentary
Italy Outlook: Expansion Despite Headwinds Businesses seem sanguine, but the labour market still languishes. Latin America’s Productivity Crisis Barring sudden improvement, the region will face another decade of punctured expectations. U.S. State and Local Outlook: The Squeeze on Budgets The Republican healthcare proposal gives states more flexibility on Medicaid, and less federal money. Benchmark Revisions Boost Already-Strong U.S. Labor Market Hiring was greater than initially thought in the Mountain, Mid-Atlantic, and East South Central states. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Current Account
Jan. 2017: €24.1 bil
The euro zone's current account surplus narrowed to €24.1 billion in January, seasonally adjusted, from €30.8 billion a month earlier. United States
MBA Mortgage Applications Survey
March 17: -2.7%
Mortgage applications were down last week following three consecutive increases. United States
FHFA Purchase-Only House Price Index
Jan. 2017: 5.7%
The Federal Housing Finance Agency Purchase-Only House Price Index increased 5.7% in January on a year-ago basis, which is slightly slower than the past few months. United States
Existing-Home Sales
Feb. 2017: 5.48 mil
Existing-home sales slipped in February, coming in 3.7% below January totals, though still 5.4% above the totals from February 2016. United States
Oil Inventories
March 17: 533.1 mil barrels
A much larger than expected increase in crude oil inventories at a time of already-high stocks will put downward pressure on oil prices. Argentina
Retail Sales Index
Jan. 2017: 22.8%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 22.8% y/y in January, after 18.5% in the previous month. New Zealand
Monetary Policy
Mar. 2017: 1.75%
The Reserve Bank of New Zealand is comfortable on the sidelines. » VIEW MORE ECONOMIC INDICATORS |
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