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, February 15, 2017

Today's Economy


OPEC Output Nearly Matches Quotas

Oil price increases remain elusive.

Steady Sailing for Growth

Q4 U.S. GDP is now tracking 2.1% while Q1 is at 1.9%.

Border Adjustment Debate Muddies Corporate Tax Cut Waters

The fight is on, and the potential for comprehensive reform this year is increasingly uncertain.

A Compelling Case for Stronger U.S. Inflation

The Fed may move sooner than expected on a rate hike.

» VIEW MORE TODAY'S ECONOMY



Commentary


Indonesia Outlook: Brighter Prospects

Higher commodity prices, better economic management, and low interest rates provide the boost.

U.S. Regional Outlook: Immigration, Trade Raise Questions

The future looks bright, but uncertainties over federal policies bring downside risks.

Russia Outlook: Rebounding

The economy is set to exit recession with a stronger banking sector, but weaknesses linger.

U.S. Macro Outlook: Recession Is a Good Way Off

Economic growth remains remarkably stable.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Taiwan
GDP
2016Q4: 2.9%
Taiwan shook off its weak start to end 2016 on a strong note.

United Kingdom
Unemployment
Jan. 2017: 4.8%
The U.K. headline unemployment rate for the December quarter remained steady at 4.8%, its lowest since mid-2005.

Euro Zone
External Trade
Dec. 2016: €28.1 bil
The euro zone’s external trade surplus expanded in December to €28.1 billion, not seasonally adjusted, from €24.4 billion in December 2015, as exports rose faster than imports.

United States
MBA Mortgage Applications Survey
February 10: -3.7%
Mortgage applications were down last week, giving up the gains of the prior week.

Peru
Unemployment
Jan. 2017: 7.2%
The jobless rate in the Lima metropolitan area punched in at 7.2% for the three months ended in January, its highest reading since August and up a full percentage point from the previous three-month period.

United States
NY Empire State Manufacturing Survey
Feb. 2017: 18.7
Manufacturing is heating up in New York, according to the most recent Empire State Manufacturing Survey.

United States
Retail Sales
Jan. 2017: 0.4%
Retail sales surprised on the upside in January, starting the year on a good note.

Canada
Survey of Manufacturing
Dec. 2016: 2.3%
Manufacturing sales made an impressive 2.3% gain in December, the second consecutive monthly increase.

United States
Consumer Price Index
Jan. 2017: 0.6%
U.S. inflation pressures are developing, putting some unjustified pressure on the Fed.

United States
Industrial Production
Jan. 2017: -0.3%
Industrial production declined 0.3% in January, in line with our forecast but softer than the consensus.

United States
Business Inventories (MTIS)
Dec. 2016: 0.4%
Business inventories finished the year on a high note.

United States
MBA Delinquency Rates
2016Q4: 4.8%
Mortgage delinquencies ticked up in the fourth quarter but were nearly unchanged on a year-ago basis.

United States
NAHB Housing Market Index
Feb. 2017: 65
Homebuilder sentiment fell to 65 in February, down 2 points from January but still indicating favorable conditions for housing market growth over the next six months.

United States
Oil Inventories
February 10: 518.1 mil barrels
A second consecutive week of runaway oil inventory builds will put downward pressure on crude oil prices.

China
Foreign Direct Investment
Jan. 2017:

Indonesia
Foreign Trade
Jan. 2017:

United States
Treasury International Capital Flows
Dec. 2016: -$12.9 bil
Net long-term capital flows were negative for the first time in three months in December.

Australia
Employment Situation
Jan. 2017:

Malaysia
GDP
2016Q4:

» VIEW MORE ECONOMIC INDICATORS

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