| Wednesday, March 29, 2017 |
| Today's Economy
Economic Roundup: No Going Back Now for the U.K. Britain triggers Article 50 to begin process of leaving the EU.. Trump's Order Won't Stop the Shift From Coal Coal’s decline is largely due to automation and high costs rather than regulation. It's Bye-Bye Britain as U.K. Formally Declares Exit Intentions The divorce letter adopts a softer stance, but the EU's response will likely still be tough. Economic Briefing: Japan’s Consumer Spending Slows Pending homes sales in the U.S. will likely bounce back in February. » VIEW MORE TODAY'S ECONOMY
Commentary
Spain Outlook: On the Cusp of Expansion Growth bests the euro zone average, but risks are weighted to the downside. Colombia Outlook: Growing Below Capacity Deteriorating confidence and restrictive policies take a toll. New Zealand Outlook: Sitting Pretty The economy is in its eighth year of uninterrupted growth. A Slow Death for King Coal Natural gas will have the final say in the coal industry’s outlook, not Washington. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Consumer Confidence
Mar. 2017: 100
France's consumer confidence remained at its long-term average of 100 in March, a little below the Moody’s Analytics forecast, after reaching that value already in January. Thailand
Monetary Policy
Mar. 2017: 1.5%
Thailand’s central bank will maintain its current policy stance until 2018, as concerns about private debt levels prevent it from easing further. Italy
Consumer and Business Confidence
Mar. 2017: 105.1
Italy’s business confidence continued to improve, while consumer confidence reversed previous losses and rose in March as well. United Kingdom
BoE Lending to Individuals
Feb. 2017: £4.9 bil
Total net lending to individuals increased by £4.9 billion in February following a £4.8 billion rise in January, now reading a little above the previous six-month average. The driver of the improvement was a small rebound in lending secured on dwellings, which had significantly slowed in January, while consumer credit eased somewhat on the back of slower growth in personal loans. United States
MBA Mortgage Applications Survey
March 24: -0.8%
Mortgage applications were down last week despite a favorable movement in interest rates. United States
Pending Home Sales
Feb. 2017: 112.3
The pending home sales index rose 5.5% on a seasonally adjusted basis in February, gaining back all of January’s losses and hitting its highest level since the first quarter of 2016. United States
Oil Inventories
March 24: 534.0 mil barrels
An increase in oil inventories roughly in line with analyst expectations will have little effect on crude prices. » VIEW MORE ECONOMIC INDICATORS |
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