| Today's Economy
Economic Roundup: Bad Timing U.S. nominal trade deficit is the widest since 2008 as debate about tariffs continues. Trade Cuts Into U.S. GDP The fourth quarter is now tracking 2.6% while the first quarter is at 2.2%. Europe Daily Briefing: No Bad News for the Euro Zone Growth was strong in 2017, and momentum likely carried over into the first quarter of 2018 ECB Preview: Thursday's Meeting Will Be a Quiet Affair We expect Draghi to reaffirm the bank's dovish bias and refrain from changes in forward guidance. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Consumers Feel Good The Conference Board index reached a new cyclical high and its best since the early 2000s. Forecaster's Mailbag: U.S. Steel and Aluminum Tariffs Have a question on the economy? Send it along. U.S. Weekly Highlights and Preview, March 2, 2018 The focus will be on trade policy and whether more trading partners retaliate. Europe Weekly Highlights and Preview, 2 March, 2018 The ECB will meet to decide the single-currency area's policy path. » VIEW MORE COMMENTARY
Today's Economic Indicators
Taiwan (Province of China)
Consumer Price Index
Feb. 2018: 2.2%
Headline consumer prices in Taiwan rose 2.2% y/y in February, up from a 0.9% rise in the prior month. Taiwan (Province of China)
Foreign Trade
Feb. 2018: US$2,914.7 mil
Taiwan’s trade surplus ticked up to US$2.9 billion in February after narrowing to US$2.4 billion in the prior month. Euro Zone
GDP
2017Q4: 0.6%
Final numbers confirmed that the euro zone's economy expanded by 0.6% q/q in the fourth quarter, a little shy of the 0.7% gain previously, matching our expectations and the consensus. United States
MBA Mortgage Applications Survey
March 02: 0.3%
Mortgage applications were up modestly last week, and interest rate movements were mixed. Chile
Foreign Trade
Feb. 2018: US$1,247.6 mil
Chile’s trade remained in positive territory in February as exports continued to advance solidly. United States
ADP National Employment Report
Feb. 2018: 235,000
The labor market remains on cruise control. Canada
International Merchandise Trade
Jan. 2018: -C$ 1.91 bil
Canada's trade deficit narrowed in January, as declines in imports exceeded the declines in exports. United States
Productivity and Costs
2017Q4: 0%
There was a small upward revision to fourth quarter U.S. United States
International Trade (FT900)
Jan. 2018: -$56.6 bil
The U.S. trade deficit widened more than expected in January and this doesn’t bode well for first quarter GDP growth and won’t sit well with the Trump administration. United States
Oil Inventories
March 02: 425.9 bmil barrels
An increase in crude oil inventories roughly in line with industry analyst expectations will have little effect on oil prices. China
Foreign Trade
Feb. 2018:
United States
Beige Book
Mar. 2018:
The Federal Reserve’s Beige Book, covering economic activity from January to mid-February, indicates that economic activity grew at a modest to moderate pace in all 12 districts. United States
Consumer Credit (G19)
Jan. 2018: $13.9 bil
Headline consumer credit is off to a slow start in 2018. Japan
GDP
2017Q4:
Australia
Foreign Trade
Jan. 2018:
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