Today's Economy Final Thoughts Ahead of Q4 U.S. GDP We look for GDP to have risen 1.7%. That Could Sting The U.S. goods trade deficit widened noticeably in December. Europe Daily Briefing: Survey Indicators Continue to Nosedive Sentiment soured in the euro zone and sank to new lows in the U.K. Asia-Pacific Daily Briefing: Trade War Strikes Hong Kong Hong Kong’s GDP grew at the slowest pace since 2016. » VIEW MORE TODAY'S ECONOMY
Commentary How Chairman Crapo’s Outline for Housing Finance Reform Can Work The proposal offers a promising framework from which to begin. What Drives U.S. Auto Loan Delinquencies? Weakening auto credit quality is relatively modest and expected and doesn't indicate a broader problem. U.S. Regional Outlook: Crises Averted, but Risks Remain A tight labor market, dysfunction in Washington DC, and trade wars could slow the economy. U.S. Consumer Outlook: Spending Growth Apparently Slowing Nominal income is the only important driver not weakening. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Moody's CMBS Delinquency Tracker Jan. 2019: 3.78% The Moody’s CMBS Delinquency Tracker total delinquency rate decreased 14 basis points to 3.78% in January. Germany Consumer Price Index Jan. 2019: 1.4% Germany's annual national measure of inflation decelerated further in January to 1.4% y/y, from 1.6% in December, due to a softer increase in the prices of food and energy. Hong Kong GDP 2018Q4: -0.3% Hong Kong's economy grew at its weakest pace since 2016 in the fourth quarter of 2018. Euro Zone Business and Consumer Sentiment Feb. 2019: 106.1 Euro zone business and consumer sentiment fell slightly in February, by 0.2 point, to 106.1. Brazil Employment Situation Jan. 2019: 12.0% Brazil’s unemployment rate increased in January, as usually happens because of seasonal factors. United States MBA Mortgage Applications Survey February 22: 5.3% The week ending on February 22 witnessed another expansion in the mortgage market, with the top-line market index increasing 5.3%. Despite this, the four-week moving averages for purchases and refinances were down due to base effects from an exceptionally strong January. Canada Consumer Price Index Jan. 2019: 1.4% Inflation decelerated sharply in January as the fourth-quarter fall in gasoline prices bled into the broader transportation category. Canada Earnings, Hours and Employment Dec. 2018: 1.8% The Canadian labor market paused slightly in December. United States Advance Wholesale and Retail Inventories Dec. 2018: 1.1% U.S. stockpiles expanded at the end of 2018's fourth quarter. United States International Trade in Goods - Advanced Dec. 2018: -$79.5 bil Preliminary data show the nominal goods deficit widened substantially in December, swelling to $79.5 billion. Mexico Employment Situation Jan. 2019: 3.57% Unemployment Unemployment in Mexico increased at the beginning of the year as more jobs were eliminated in both public and private sectors. Mexico Trade Balance Jan. 2019: -US$4.810 bil Mexico’s trade balance started the year in negative territory despite the reduction of imports. United States Pending Home Sales Jan. 2019: 103.2 The pending home sales index increased 4.6% to 103.2 in January on a month-over-month seasonally adjusted basis, partially reversing its recent string of losses and rising to its highest level since September. United States Factory Orders (M3) Dec. 2018: 0.1% Factory orders rose 0.1% in December, after two consecutive monthly declines. United States Oil Inventories February 22: 445.9 mil barrels A surprise drop in crude oil inventories will put upward pressure on oil prices. France Job Seekers Jan. 2019: 3.41 mil The number of job seekers in France decreased slightly to 3.41 million in January, after rising to 3.42 million in December. Argentina Economic Activity Indicator Dec. 2018: -6.97% Economic activity in Argentina continued its annual contraction at the end of last year, prolonging the recession. Japan Industrial Production Jan. 2019: Japan Retail Sales Jan. 2019: South Korea Retail Sales Jan. 2019: China Manufacturing PMI Feb. 2019: South Korea Monetary Policy Feb. 2019: » VIEW MORE ECONOMIC INDICATORS |