| Today's Economy
Economic Roundup: Clocks Ticking Direct economic costs of a U.S. government shutdown are small, but there could be other consequences. Venezuela Oil Output Plummets Production is at lowest level in more than 30 years. LatAm Weekly: Copper Is Key Prices for the metal have soared, but possible supply disruptions cloud 2018's outlook. What to Expect in a U.S. Government Shutdown There would be backlogs in the economy and a hit to GDP growth through lost productivity. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, January 19, 2018 Shutdown watch. Asia-Pacific Weekly Highlights and Preview, 19 January, 2017 Further stimulus is unlikely from the BoJ; the 2% inflation target looks like a pipe dream. Here We Go Again as the Only Certainty Is Uncertainty The odds that a U.S. government shutdown leads to bigger problems down the road are nontrivial. India Outlook: Concerns Among the Green Shoots The cyclical recovery is tested by rising inflation and the trade deficit. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Producer Price Index
Dec. 2017: 2.3%
Producer prices rose 2.3% y/y in December following a 2.5% increase in the previous month. United Kingdom
Retail Sales
Dec. 2017: 1.42%
U.K. retail sales surprised on the downside and rose by only 1.4% y/y in December, following a 1.5% increase in November and well below our expectations at 2.7%. Canada
International Transactions in Securities
Nov. 2017: C$19.6 bil
Nonresident investors' appetite for Canadian securities remains strong, particularly for debt, while Canadian investors reduced their positions in foreign holdings in November. Canada
Survey of Manufacturing
Nov. 2017: 3.4%
Higher transportation equipment and petroleum product sales lifted manufacturing in November. United States
Industry GDP
2017Q3: 3.3 ppt, SAAR
The U.S. economy is expanding comfortably above its potential growth rate, and there is little reason not to expect this to continue in 2018. United States
University of Michigan Consumer Sentiment Survey
Jan. 2018: 94.4
Consumer sentiment took another step back in the preliminary January report, losing 1.5 points and falling to 94.4, its lowest level since July. United States
ECRI Weekly Leading Index
January 12: 150.3
The U.S. economy is in good shape. » VIEW MORE ECONOMIC INDICATORS | 
