| Today's Economy
Inventories Raise Our Tracking Estimate of Q1 U.S. GDP GDP is now tracking 2% at an annualized rate. U.S. Economy Ended 2017 on an Even Better Note GDP growth was revised higher and the composition looks better. Europe Daily Briefing: Spaniards Will Spend Less This Year Retail sales cooled in February, and consumption is set to slow in 2018. Asia-Pacific Daily Briefing: South Korea Limps to the Finish Line GDP growth slowed to 0.2% q/q in the December quarter, its weakest pace since mid-2010. » VIEW MORE TODAY'S ECONOMY
Commentary
Commodity Outlook: OPEC Watches U.S. Producers U.S. shale oil producers immediately respond to OPEC decisions. And let's not forget Venezuela. Russia Outlook: Reforms Are Needed Geopolitical risks and overdependence on commodities cloud the forecast. U.S. Chartbook: Trade Skirmish An all-out trade war has yet to erupt, but downside risks are mounting. Peru Outlook: A Crisis of Confidence Political turmoil will cast a pall over the economy. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Black Knight Home Price Index
Jan. 2018:
Spain
Retail Sales
Feb. 2018: 0.1%
Retail sales added 0.1% m/m in February, in line with our expectations and moderating from January. Thailand
Monetary Policy
Mar. 2018:
United States
MBA Mortgage Applications Survey
March 23: 4.8%
Mortgage applications increased last week after declining in the prior week. Canada
Earnings, Hours and Employment
Jan. 2018: 3.2%
The Canadian labor market made slow, uneven progress in January. United States
GDP
2017Q4: 2.9%
U.S. United States
Advance Wholesale and Retail Inventories
Feb. 2018: 1.1%
Wholesale stockpiles impressed again in February, but retail inventories are coming in lighter. United States
International Trade in Goods - Advanced
Feb. 2018: -$75.4 bil
The advance goods deficit widened further in February. United States
Pending Home Sales
Feb. 2018: 107.5
The pending home sales index increased 3.1% to 107.5 in February on a seasonally adjusted basis. United States
Oil Inventories
March 23: 429.9 mil barrels
A larger than expected increase in crude oil inventories will put downward pressure on prices. United States
Agricultural Prices
Feb. 2018: 5.7%
Agricultural prices increased 5.7% in February, recovering most of the large loss in the previous month. Argentina
Economic Activity Indicator
Jan. 2018: 4.1%
The statistics office’s monthly economic activity index increased 4.1% y/y in January, up from 3% in the previous month. Argentina
Industrial Production - Advance
Feb. 2018: 5.3%
According to Argentina’s statistics office, industrial output expanded 5.3% y/y in February not seasonally adjusted, after 2.6% in the previous month. United Kingdom
Consumer Confidence
Mar. 2018:
Japan
Retail Sales
Feb. 2018:
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