| Today's Economy
Economic Roundup: U.S. Budget Headed for a Roller-Coaster Ride More fiscal stimulus is coming but at the wrong time. Canada Weekly: Building Frenzy Housing construction is picking up in the Prairies as rising oil prices help prop up demand. Q4 U.S. GDP Tracking 2.6% After Wholesale Inventories Inventories were still a sizable drag on growth in the final three months of 2017. LatAm Weekly: What's the Beef? Agricultural concessions are a key point of contention in EU-Mercosur trade talks. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 9 February, 2018 Germany's preliminary GDP figures will be in the spotlight. Buckle In for Higher U.S. Deficits With the budget deal, real spending could rise by as much as 6% or 7% in 2019. Global Outlook: Cheap Money Era (Almost) Over Rates will increase in 2018, but there is no need to panic. Macro Roundup: The Economics of South Korea's Winter Olympics The economic impact of hosting the Olympics tends to be less positive than anticipated. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Industrial Production
Dec. 2017: 0.5%
France's industrial production surprised again on the upside and added 0.5% m/m in December, while November’s dip was revised up by 2 percentage points to -0.3%. Italy
Industrial Production
Dec. 2017: 1.6%
Italy’s industrial output continued to grow in December, rising 1.6% from November, above our expectation. United Kingdom
Industrial Production
Dec. 2017: -1.3%
U.K. industrial production fell by 1.3% m/m in December, worse than the consensus but also exceeding the Office for National Statistics estimate of a 0.9% decline that fed into the fourth quarter GDP’s first estimate. Brazil
Retail Sales Index
Dec. 2017: 3.2%
Brazil’s retail stores ended the year with an extended recovery in sales. Peru
Monetary Policy
Feb. 2018: 3%
Central bank officials kept rates on hold in their February meeting, leaving the key reference rate at 3%. Russian Federation
Foreign Trade
Dec. 2017: US$13.7 bil
Russia’s trade balance ended the year on a strong note. Canada
Labor Force Survey
Jan. 2018: 5.9%
Employment sharply retreated in January following two months of strong gains. Mexico
Industrial Production
Dec. 2017: -0.7%
The national industry ended the year with a prolonged weakness consistent with the economy’s deceleration. United States
Wholesale Trade (MWTR)
Dec. 2017: 0.4%
Wholesale inventories moderated in December. United States
ECRI Weekly Leading Index
February 02: 152.2
The U.S. economy remains healthy and prospects are positive for the quarters ahead. » VIEW MORE ECONOMIC INDICATORS | 
