| Today's Economy
Europe Daily Briefing: France’s Labour Market Finally Catching Up The unemployment rate fell sharply in the fourth quarter, beating expectations. U.S. Industrial Production Brings Another Mild Disappointment January showed a decline and revisions to December were unkind. A Fresh Start for South Africa? It's been a tough nine years for the economy under President Zuma. Asia-Pacific Economic Briefing: The Trend's Your Friend Labour market tightening continues in Australia, but wage growth has yet to come to the party. » VIEW MORE TODAY'S ECONOMY
Commentary
Indonesia Outlook: Falling Short Bank Indonesia has shifted to a neutral bias to guard against heightened external risks. U.S. Macro Outlook: Heat Rising The economy is likely to overheat, with wage and price pressures intensifying and interest rates rising. Asia-Pacific Weekly Preview and Highlights, 16 February, 2018 Japan's core inflation likely rose a notch in January; higher fuel costs are the main driver. CPI: The Only Thing We Have to Fear Is Fear Itself U.S. inflation is perking up, but that is a good sign. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global CPI
Jan. 2018: 0.3%
Global inflation has been fairly stable recently, but the road ahead will likely be bumpy. India
Wholesale Price Index
Jan. 2018: 2.8%
Spain
Consumer Price Index
Jan. 2018: 0.6%
Spain’s headline CPI clocked in at 0.6% y/y in January, continuing to decelerate in yearly terms for the second consecutive month. Italy
Foreign Trade
Dec. 2017: €5.3 billion
Italy’s merchandise trade surplus widened to €5.3 billion in December from €4.8 billion the previous month, but it narrowed slightly from €5.7 billion a year earlier. Euro Zone
External Trade
Dec. 2017: €25.4 bil
The euro zone’s external trade surplus remained broadly unchanged in December at €25.4 billion, after the November number was revised down to €25.6 billion. Peru
Unemployment
Jan. 2018: 7.3%
The job market in the Lima metropolitan area remains soft. Russian Federation
Industrial Production
Jan. 2018: 2.9%
Russian industrial production improved by 2.9% year over year in January, yielding the first annualized improvement since September. United States
Jobless Claims
February 10: 230,000
The labor market engine is running smoothly. United States
NY Empire State Manufacturing Survey
Feb. 2018: 13.1
Manufacturers in New York are bullish, but the pace of growth may be slipping a bit. United States
Philadelphia Fed Survey
Feb. 2018: 25.8
Manufacturing conditions in the Philadelphia Fed region came in above expectations and remain firmly in positive territory. United States
Producer Price Index
Jan. 2018: 0.4%
Unlike with consumer prices, there were not a ton of surprises in January producer prices. United States
Industrial Production
Jan. 2018: -0.1%
Industrial production fell 0.1% in January, falling short of both the consensus forecast and our below-consensus projection. United States
NAHB Housing Market Index
Feb. 2018: 72
Homebuilder sentiment held steady at 72 in February. United States
St. Louis Fed Financial Stress Index
February 09: -1.063
Financial stress conditions tightened significantly again last week following another turbulent week on Wall Street. United States
Natural Gas Storage Report
February 09: -194 bil cubic feet
The drawdown in natural gas inventories was slightly larger than industry analysts were expecting, which will put some upward pressure on gas prices. Argentina
Consumer Price Index
Jan. 2018: 25.4%
The statistics office’s consumer price index for the Buenos Aires metro area increased 1.6% in January, after 3.4% in the previous month and 1.3% a year earlier. United States
Treasury International Capital Flows
Dec. 2017: $27.3bil
Net long-term inflows slowed in December. United States
CreditForecast.com Household Credit Report
Jan. 2018: 4.19%
Total U.S. household borrowing grew by $75 billion in January, or 61 basis points. » VIEW MORE ECONOMIC INDICATORS | 
