Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, December 14, 2016

Today's Economy


Economic Roundup: There's More to Come From the Fed

The central bank wavers on running a high-pressure economy and expects more rate hikes in 2017.

Q4 U.S. GDP Continues to Head South

Growth is now tracking 1.5% at an annual rate.

U.S. Consumer Suffers Mild Spending Hangover

November retail sales were weaker than we expected, but that isn't troubling.

December U.S. Retail Is Just OK

Early discounts may have sapped strength from the middle of the month.

» VIEW MORE TODAY'S ECONOMY



Commentary


Spain Outlook: Growth Will Be Less Than Stellar

Internal and external political struggles are weighing on spending.

U.S. Chartbook: No Curveballs Ahead of Fed Decision Day

Incoming data were mixed but unlikely to make the Fed rethink a December move.

Latin America Outlook 2017: Mild Recovery

The region needs to restore production capacity.

U.S. Weekly Highlights and Preview, December 9, 2016

'Tis the season for a Fed rate hike.

» VIEW MORE COMMENTARY



Today's Economic Indicators


India
Wholesale Price Index
Nov. 2016: 3.2%
Wholesale price inflation decelerated in November on the back of low food prices.

France
Consumer Price Index
Nov. 2016: 0.7%
Inflation in France is still low but firmly in positive territory.

Italy
Consumer Price Index
Nov. 2016: 0.1%
Italy’s annual EU-harmonized inflation rose 0.1% in November, reversing the 0.1% drop in the previous month.

United Kingdom
Unemployment
Nov. 2016: 4.8%
The U.K. headline unemployment rate for the three months to October remained at 4.8%, its lowest since mid-2005, in line with the Moody’s Analytics projections.

Euro Zone
Industrial Production
Oct. 2016: -0.1%
Euro zone industrial production contracted by 0.1% on a monthly basis in October.

United States
MBA Mortgage Applications Survey
December 09: -4.0%
Mortgage applications were down again last week.

United States
Producer Price Index
Nov. 2016: 0.4%
U.S. producer prices suggest that some domestic inflationary pressures are developing, sealing a deal for the Federal Reserve to raise interest rates at the conclusion of its two-day meeting this afternoon.

United States
Retail Sales
Nov. 2016: 0.1%
Retail sales growth moderated and modestly disappointed in November, but coming on the heels of the strong gain in September and October, it suggests consumers are still spending at a healthy pace.

Canada
New Motor Vehicle Sales
Oct. 2016: -5.5%
The number of new vehicles sold in October fell by 11.2% from September to 157,341, extending the downward trend since April. The decrease was driven primarily by a drop in new-truck sales.

United States
Industrial Production
Nov. 2016: -0.4%
Industrial production fell 0.4% in November, a poorer showing than both the consensus and our forecast.

United States
Business Inventories (MTIS)
Oct. 2016: -0.2%
The inventory build took a step back in October, but sales growth remains strong.

United States
Oil Inventories
December 09: 483.2 mil barrels
Crude oil inventories fell by more than analysts were expecting, which will put upward pressure on prices.

China
Foreign Direct Investment
Nov. 2016:

China
Monetary Aggregates
Nov. 2016:

India
Foreign Trade
Nov. 2016:

United States
FOMC Monetary Policy
Dec. 2016: 0.50 - 0.75 %
As widely expected the Federal Reserve raised the target range for the fed funds rate by 25 basis points to 0.5% to 0.75%, but it penciled in more tightening over the next few years.

United States
Tech Pulse
Nov. 2016:

Australia
Employment Situation
Nov. 2016:

South Korea
Monetary Policy
Dec. 2016:

» VIEW MORE ECONOMIC INDICATORS

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