| Today's Economy
Economic Roundup: Don't Be Fooled, Mortgage Rates Will Sting November existing-home sales don't reflect the potential hit from higher interest rates. U.S. Drillers Start Their Engines Oil producers are wasting no time resuming operations. U.S. Existing-Home Sales Don't Reflect Higher Mortgage Rates—Yet The third consecutive monthly gain in existing-home sales didn't affect Q4 GDP. How Much of a Boost to U.S. GDP From Higher Oil Prices? Increased rig counts will likely turn from a negative to a positive for growth this quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Regional Outlook: Strength in Broad Growth Only 36 of the nation’s 402 metro areas are in recession; that's fewer than in January. Uruguay Outlook: Turning the Corner Falling inflation will fuel stronger growth. Netherlands Outlook: Merry and Bright The Dutch expansion will thrive thanks to firm housing and exports. Reflecting on Key Economic Questions for 2016 We got some things right, some wrong. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Dec. 2016: 1.5%
The Bank of Thailand will maintain an easing bias into 2017 as risks remain heavily weighed to the downside for the Thai economy. United States
MBA Mortgage Applications Survey
December 16: 2.5%
Mortgage applications were up last week despite an across-the-board rise in interest rates. Canada
Earnings, Hours and Employment
Oct. 2016: 0.0%
The Canadian labor market showed weakness on all fronts in October. Euro Zone
Conference Board Leading Indicators
Nov. 2016: 108.2
The Conference Board Leading Economic Index for the euro zone rose 0.3% m/m to 108.2 in November. United States
Existing-Home Sales
Nov. 2016: 5.61 mil
Existing-home sales rose by 0.7% in November, registering their third consecutive monthly gain, and are now up 15.4% over their year-ago level. United States
Oil Inventories
December 16: 485.4 mil barrels
An unexpected increase in crude oil inventories will put downward pressure on oil prices. Argentina
Retail Sales Index
Oct. 2016: 13.8%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 13.8% y/y in October, after 21% in the previous month (revised figure). New Zealand
GDP
2016Q3: 1.1%
New Zealand’s economy continues to surprise on the upside, growing strongly in the September quarter. United Kingdom
Consumer Confidence
Dec. 2016:
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