Today's Economy Final Thoughts Ahead of February U.S. Employment We have raised our forecast and now look for a 235,000 rise in the nonfarm jobs number. ECB Slowly Moves to Less Support The bank increased its GDP and CPI forecasts for this and next year. Price, Trade Data Boost Q1 GDP for China Growth is tracking at 6.5% year over year. Korea Can’t Catch a Break Tension with China, a political scandal, and rising private debt pose risks to Korea’s growth outlook. » VIEW MORE TODAY'S ECONOMY
Commentary LatAm Remittances Reach New Peak A greater percentage of migrants are sending money back home. The Weather Outside Is Delightful The winter has been unseasonably warm, likely boosting U.S. job growth more than GDP. Japan Outlook: Small Improvements Policymakers are out of ideas; both monetary and fiscal stimulus measures unlikely to change. Euro Zone Outlook: Stoic Optimism The economy remains surprisingly resilient to many headwinds. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Nonfarm Payrolls 2016Q4: 16.2 mil Employment in France continued on an upward trend for the seventh quarter in a row, as growth in temporary jobs boosted the aggregate number. OECD Composite Leading Indicators Jan. 2017: 100.0 The OECD composite leading indicator moved incrementally higher in January, after posting no change in December. United States Challenger Report Feb. 2017: 36,957 The Challenger report provides another piece of evidence that labor market conditions remained in good health in February. Euro Zone Monetary Policy Mar. 2017: 0.0% Despite accelerating inflation and stronger growth momentum, the European Central Bank maintained its ultra-loose policy stance in March. Canada Industrial Capacity Utilization 2016Q4: 82.2% Industrial capacity utilization edged higher in the final three months of 2016, driven mostly by an increase in the mining and oil and gas extraction category. United States Jobless Claims March 04: 243,000 Layoffs remain low, but initial claims for unemployment insurance benefits are less useful this time of year in gauging the broader health of the labor market. United States Import and Export Prices Feb. 2017: 0.2% Growth in U.S. import prices were a touch stronger than expected in February, rising 0.2%. Mexico Consumer Price Index Feb. 2017: 4.9% Annual inflation continues to go up at rates above the target's upper limit as prices continue to realign. United States Quarterly Services Survey 2016Q4: U.S. selected services total revenue for the fourth quarter of 2016, was up by 6% from the fourth quarter of 2015 on a not seasonally adjusted basis. United States St. Louis Fed Financial Stress Index March 03: -1.3 The St. United States Natural Gas Storage Report March 03: -68 bil cubic feet Natural gas stocks fell by more than market analysts were expecting, which will put some upward pressure on gas prices. Philippines Industrial Production Jan. 2017: United States Financial Accounts - Households 2016Q4: $92.81 tril Household wealth grew strongly again in the fourth quarter, and should be providing modest support to consumer spending. United States Financial Accounts - Nonfinancial Corporate 2016Q4: $23.69 tril Nonfinancial corporate business balance sheets continue to improve behind a strengthening U.S. economy. Argentina Consumer Price Index Feb. 2017: 2.5% The statistics office’s new consumer price index, which covers the Buenos Aires metro area, increased 2.5% in February after 1.3% in the previous month. Australia Housing Finance Jan. 2017: Peru Monetary Policy Mar. 2017: » VIEW MORE ECONOMIC INDICATORS |