| Today's Economy
Economic Roundup: Sometimes Boring Is Good From Washington Fed maintains the status quo, and there were only cosmetic changes to the statement. Residual Seasonality Will Likely Continue to Plague Q1 U.S. GDP The federal hiring freeze provides another potential twist for GDP. Few Surprises in December U.S. Construction Spending The decline was in line with our forecast and doesn't alter our tracking estimate of Q4 GDP. Euro Zone Manufacturing Accelerates The Markit PMI signaled the fastest growth in almost six years. » VIEW MORE TODAY'S ECONOMY
Commentary
Immigration Restrictions Could Hurt the Economy Companies already complain about the inability to find qualified workers as the U.S. approaches full employment. A Checklist for Achieving Full Employment in the U.S. We shouldn't attempt to determine it based on a single statistic. France Outlook: A Little Better in 2017 This year will be about finding a growth engine for the economy and keeping reform on course. U.S. Chartbook: Good Year, Strange Ending The economy ended 2016 on an unspectacular note. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Semiconductor Billings
Dec. 2016:
United Kingdom
Nationwide Housing Price Index
Jan. 2017: 4.3%
The Nationwide measure of house prices gained 4.3% y/y in January, marginally down from a 4.5% rise in the previous month. Spain
Business Confidence
Jan. 2017: -1
Spain’s business confidence index improved to -1 in January after falling unexpectedly to -3 in the final month of 2016. Brazil
Industrial Production
Dec. 2016: 0.8%
Brazil’s industry reported a mild recovery at the end of the year, thus indicating the recession might have hit bottom. United States
MBA Mortgage Applications Survey
January 27: -3.2%
Mortgage applications fell last week after four consecutive increases. Peru
Consumer Price Index
Jan. 2017: 3.1%
Inflation is on the descent after storming back above the central bank’s upper threshold last fall. United States
ADP National Employment Report
Jan. 2017: 246,000
ADP payroll records indicate that 2017, which could become the eighth consecutive year of steady job gains, began on a strong note. United States
Construction Spending (C30)
Dec. 2016: -0.2%
Construction spending declined 0.2% in December, falling well below the consensus estimate of a 0.3% increase. Public spending drove the decrease in total construction spending, falling 1.7%. United States
ISM Manufacturing Index
Jan. 2017: 56.0
Manufacturing is off to an encouraging start this year: The ISM manufacturing index rose from a revised 54.5 (previously 54.7) in December to 56 in January. United States
Oil Inventories
January 27: 494.8 mil barrels
A larger than expected build in oil inventories will put downward pressure on oil prices. Brazil
Foreign Trade
Jan. 2017: US$2.72 bil
Brazil’s trade surplus declined sharply in January, falling to $2.7 billion from $4.4 billion in the previous month. United States
FOMC Monetary Policy
Feb. 2017: 0.50 - 0.75 %
The outcome of the January Federal Open Market Committee was a yawner. United States
Vehicle Sales - AutoData
Jan. 2017: 17.6 mil, SAAR
Vehicle sales were a bit stronger than expected in January, but they still dipped slightly to 17.61 million units on a seasonally adjusted annualized basis. South Korea
Consumer Price Index
Jan. 2017:
Australia
Foreign Trade
Dec. 2016:
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