10.07.2013
Economic Forecast - Composite Real GDP (yoy %)
CPI (yoy %)
Policy Rate (%)
Q3 13 Q4 13 Q1 14 Q2 14 Q3 13 Q4 13 Q1 14 Q2 14
Unemployment (%)
Curr Acct (% of GDP)
Budget (% of GDP)
3-Month Rate (%)
2-Year Note (%)
10-Year Note (%)
FX forecasts
Q3 13 Q4 13 Q1 14 Q2 14 Q3 13 Q4 13 Q1 14 Q2 14 Q3 13 Q4 13 Q1 14 Q2 14 Q3 13 Q4 13 Q1 14 Q2 14 Q3 13 Q4 13 Q1 14 Q2 14 Q3 13 Q4 13 Q1 14 Q2 14 Q3 13 Q4 13 Q1 14 Q2 14
Q3 13 Q4 13 Q1 14 Q2 14
LatAm Argentina
2.7
1.95
2.4
3
11
11
11
Deposit 1DY Rate
7.5
7.5
8.3
7.4
0.2
-0.2
-0.7
0.5
-0.3
-1
-0.5
-0.4
USD/ARS
5.58
5.85
6.14
6.53
Brazil
2.6
2.8
3
2.9
6.4
5.85
5.6
5.7
SELIC Rate
8.75
9
9
9
5.35
5
5.2
5.3
-2.9
-3.3
-2.8
-2.8
-2.75
-3
-2.8
-2.5
USD/BRL
2.15
2.11
2.12
2.16
Chile
4.9
4.8
5.3
5.3
2
1.9
2
2.4
Monetary Policy Rate
4.88
4.88
4.88
5
6.7
-8
-4.2
-0.5
-2.7
USD/CLP
500
500
503
505
Colombia
4.6
4.7
4.95
4.6
2.2
2.65
3.1
3
Deposit Rate
3.25
3.25
3.63
4
9.7
9.8
10.6
10.2
-3.1
-3.45
USD/COP
1895
1900
1882
1875
4.9
4.72
4.64
4.57
-1.1
-2.1
USD/MXN
12.5
12.4
12.17 12.24
-4
-3.3
USD/PEN
2.7
2.66
2.66
2.65
5.5
-1.7
USD/VEF 25.55
-2.2
Mexico
3.4
3.7
3.7
3.9
3.85
3.76
3.4
3.31 Overnight rate
3.88
3.88
4
4
Peru
5.85
6.55
6.7
6.4
2.2
2.5
2.5
2.7
4.25
4.25
4.5
4.63
Venezuela
0.9
1.35
38.8
35
Czech Republic
0.3
1.95
2.4
3
1.65
1.8
1.5
1.6
2w Repo rate
0
0
0.13
0.13
7.5
8
7.9
7.2
-1.9
-2.4
Hungary
0.2
0.9
0.75
0.8
2.65
2.8
3.3
3.4
Base Rate
4.25
4.25
4.25
4.38
10.6
10.85
11.6
10.95
3.9
2.3
Poland
1.3
1.75
2.1
2.5
0.8
1.2
1.8
2
Reference Rate
2.5
2.5
2.5
2.63
13.35 14.05 14.25
13.1
-3
-2.8
-2.7
-2.9
Slovakia
0.4
1.5
1.7
1.8
13.6
13.6
Russia
3.1
3.4
3.6
3.7
6.2
5.9
5.8
5.1
Refinance Rate
7.88
7.75
7.63
7.5
5.3
5.5
5.3
1.5
1.3
3.1
1.6
Turkey
3.8
4.3
3.55
4.35
6.75
6.3
5.7
6.25 1wk Repo Rate
4.63
4.75
5
4.88
8.9
8.9
1wk Repo Rate
5.5
5.75
1.63
1.75
2
2.38
7
7
7.1
7
5
4.88
4.88
4.75
25.05
25
24.85
24.7
Reference Rate Deposit Rate
-1.15
-1.25
-0.3
-1
5.1
5.09
4.62
5.7
5.67
5.89
5.91
Eastern Europe
Key policy rate
Iceland
5.55
0.4 2.65 -1.7
0.42 2.75
0.41 2.59
0.49 2.61
0.42
0.49
2.97
3.09
1.8
1.9
0.61 3.14
0.74 3.23
1.94
1.97
2.17
2.3
EUR/CZK
26
25.8
25.7
6.15
6.14
6.05
6.35
EUR/HUF
297
298
296
295
4.35
4.48
4.37
4.44
EUR/PLN
4.25
4.2
4.15
4.12
USD/RUB
32.5
32.3
32.17
32.3
USD/TRY
1.88
1.9
1.9
1.89
EUR/SKK
-3.5 6.21
6.33
6.5
6.32
6.5
6.64
7.35
7.64
7.53
7.88
8.45
8.84
USD/ISK
MEA Israel
3.8
4
4
4.1
1
1.7
0.4
1.9
Discount rate
South Africa
2.45
2.85
3.4
3.3
6.2
5.9
5.8
5.7
Repo Rate
-6.9
-6.6
-6.6
-6.7
4.99
4.86
4.88
4.88
6.02
5.71
5.79
6.02
7.73
7.78
7.62
7.71
USD/ILS
3.68
3.63
3.63
3.57
USD/ZAR
10.1
10.15
10
9.91
7.08
7.22
7.32
7.5
6.07
Bahrain
O/N Repo Rate
USD/BHD
Egypt
Re Discount Rate
USD/EGP
Kuwait
Discount rate
USD/KWD
Oman
Repo Rate
USD/OMR
Qatar
Repo Rate
USD/QAR
Saudi Arabia
Re Repo Rate
USD/SAR
3.75
United Arab Emirates
1wk Repo Rate
USD/AED
3.67
0.27
Asia China
7.7
7.6
7.7
7.7
2.8
3.1
3
3.1
Lending Rate
Hong Kong
3.2
3
3.75
4.3
4.9
4.1
3.8
3.7
Base Rate
India
5.4
5.9
6.1
6.25
8.95
8.55
8
Indonesia
6.4
6.4
6.43
6.47
6.1
6.25
5.33
South Korea
2.8
3.5
3.5
3.4
1.6
1.95
2.4
Malaysia
4.55
4.9
5.6
5.75
2.3
2.4
Phillipines
6.2
6.1
6.1
5.7
2.8
Singapore
3.7
3.85
3.85
3.5
Taiwan
3.15
2.9
3.8
Thailand
5.2
4
Vietnam
5.1
USA Japan
7.85 Reverse Repo Rate
6
6
6.13
6.13
4.1
4.1
4.1
4.1
3.4
3.4
3.3
3.4
6
5.88
5.75
5.75
5.33 Reference Rate
6.13
6.13
6.13
6.25
5.9
5.85
2.7
Base Rate
2.38
2.38
2.5
2.5
3.25
3.2
2.95
1.9
BN Interbank ON
3
3.13
3.13
3.25
3
3
3.35
3.8
3.9
Repo Rate
3.5
3.63
3.75
3.88
6.9
6.9
6.6
2.8
3.15
3
3.4
Domestic IBOR rate
2
2
4.1
0.65
1.8
1.35
1.7
Discount Rate
1.88
1.88
2
2.13
4.25
4.2
5.05
5.15
2.6
3
3.1
3.1
Repurchase Rate
2.5
2.63
2.75
2.75
0.6
0.5
5.2
5.45
5.6
6.4
6.3
7
2.3
2.6
2.8
2.9
1.5
1.5
1.7
2
2.9
3.3
4.1
-4.3
0.3
0.45
0.6
2.6
Euro
-0.6
0.1
0.6
0.9
1.4
1.3
1.35
United Kingdom
2.6
2.3 -4.7
-1.1
-1.2
2.9
2.85
9.6
9.7
6.5
3.3
1.8
2
2.05
17.5
17
4.1
4.1
3.3
2.1
-3.2
-1.8
-1.7
-1.6 0.4
-4.3 3.2
1.95
2.45
3.05
-2.9
-3.5
2.55
2.35
0.45
0.48
-5.3 4.91 -3.7
-3.9
17 3.7
0.41
3.8
5.24
4.92
3.08
3.11
3.12
3.17
3.53
3.57
3.59
3.68
USD/CNY
6.13
6.1
6.09
0.18
0.19
0.15
0.15
1.54
1.6
1.66
1.69
USD/HKD
7.76
7.77
7.77
7.78
7
7
7.25
7.25
7.52
7.51
7.52
7.54
USD/INR
57.7
57.45
57
57.75
6.68
6.51
6.5
6.42
USD/IDR
9989
9979
9948
9905
3.27
3.36
3.46
3.66
USD/KRW
1140
1133
1123
1100
4.92
3.18
3.25
3.29
3.33
3.71
3.75
3.78
3.79
USD/MYR
3.12
3.09
3.08
3.05
1.5
1.55
1.7
1.71
3.92
4.13
4.41
4.5
USD/PHP
42.5
42
41.6
41.8
0.38
0.38
0.38
0.4
0.3
0.31
0.35
0.44
1.99
2.02
2.12
2.27
USD/SGD
1.26
1.26
1.25
1.25
1.66
1.66
1.72
1.78
0.8
0.9
0.9
0.9
1.78
1.76
1.8
1.86
USD/TWD
30
30
29.85
29.4
2.74
2.81
2.81
2.83
2.9
2.8
2.92
2.92
3.32
3.52
3.48
3.55
USD/THB
30.55
30.4
30.05
29.9
6.82 Base Rate
USD/VND 21000 21000 21000 21250
G-10 Fed Funds Rate
0.25
0.25
0.25
0.25
7.4
7.35
7.2
7.1
-2.7
-2.7
-2.7
-2.7
BOJ overnight rate
0.1
0.1
0.1
0.1
4
3.95
3.95
3.9
1.1
0.8
1.3
1.4
-4.5
-4.5
-4.25
1.55 ECB Rate
0.5
0.5
0.5
0.5
12.25
12.3
12.3
12.3
1.7
2.1
0.5
0.5
0.5
0.5
8
8
7.9
7.85
-3
-3.15
-3.1
-3
-6.7
-6.8
-6.2
1
1
1.13
1.13
7.1
7.1
7
7
-2.75
-2.6
-2.55
-2.5
-0.8
-0.6
-0.5
2.63
2.5
2.5
2.63
5.7
5.8
5.7
5.7
-3
-2.8
-2.75
-2.6
1
1
0.88
0.88
8.3
8.3
8.15
7.9
-3.8
0.3
0.33
0.38
0.39
0.36
0.45
0.55
0.64
2.29
2.51
2.59
2.69
EUR/USD
1.28
1.27
1.26
0.18
0.18
0.18
0.19
0.12
0.14
0.15
0.17
0.87
0.91
0.98
1.02
USD/JPY
102
105
106
108
0.2
0.23
0.27
0.3
EUR/USD
1.28
1.27
1.26
1.25
-6.1
0.53
0.55
0.57
0.59
0.57
0.47
0.54
0.81
2.02
2.15
2.35
2.43
USD/GBP
1.51
1.5
1.49
1.5
-0.4
1.18
1.22
1.26
1.38
1.14
1.24
1.38
1.59
2.2
2.35
2.59
2.76
USD/CAD
1.03
1.04
1.04
1.02
0
2.63
2.64
2.71
2.81
2.45
2.47
2.62
2.84
1.17
1.16
1.16
1.27
1.65
1.65
0.6
1.2
1.3
1.5
2.7
2.5
2.3
2.45 Official Bank Rate
Canada
2
2.2
2.5
2.6
1.35
1.6
1.7
1.85 Overnight lending rate
Australia
2.5
2.65
2.7
2.8
1.9
2.2
2.5
2.5
Sweden
1.4
1.95
2.3
2.75
0.3
0.8
1.05
1.35 Decision Rate
New Zealand
3.2
2.8
2.8
2.9
1.5
1.95
1.9
2.3
Cash Rate
2.63
2.63
2.88
3.25
6.5
6.4
6.1
6
-5.2
-5.2
-5.3
-5.3
2.98
3.06
3.27
3.59
Switzerland
1.2
1.4
1.35
1.5
-0.2
0.4
0.6
0.9
Reference Rate
0.13
0.13
0
0
3.2
3.25
3.25
3.3
12.6
12.7
12.5
12.6
0.01
0.01
0.01
0.02
0.7
1.2
Discount rate
0.13
0.25
0.25
0.38
0.31
0.35
0.4
1.9
1.95
Deposit Rate
1.5
1.5
1.5
1.75
2.6
2.5
1.82
1.82
1.92
Denmark
RBA Cash Rate
6.4
Norway
2.7
2.95
Germany
0
1.4
1.7
1.6
1.5
1.4
1.6
1.7
ECB Rate
0.5
0.5
0.5
0.5
6.9
6.8
6.8
6.8
7.3
7
France
-0.4
-0.1
0.3
0.7
1.1
1.15
1.3
1.5
ECB Rate
0.5
0.5
0.5
0.5
11
11
11
11
-1.8
-1.9
Italy
-1.8
-0.7
-0.05
0.35
1.4
1.6
1.55
1.7
ECB Rate
0.5
0.5
0.5
0.5
12.2
12.1
12.1
12
0.8
1.1
-1.9
-1.8
Q.M.S Advisors | +41 (0)78 922 0877 | e-mail: info@qmsadv.com |
1.25
3.3
3.44
3.54
3.67
USD/AUD
0.93
0.91
0.9
0.89
1.99
2.02
2.02
2.07
USD/SEK
6.7
6.74
6.77
6.83
4.17
4.27
4.42
4.41
USD/NZD
0.79
0.78
0.77
0.76
0.83
0.92
0.98
1
USD/CHF
0.97
0.98
1
1.02
0.45
1.58
1.73
1.75
1.85
USD/DKK
5.83
5.87
5.92
5.92
2.04
2.23
2.3
2.31
2.41
USD/NOK
5.98
6.03
6
6.02
0
0.02
0.07
0.13
0.17
0.27
0.37
0.47
1.52
1.63
1.8
1.93
EUR/USD
1.28
1.27
1.26
1.25
0.22
0.33
0.48
0.64
2.19
2.19
2.36
2.48
EUR/USD
1.28
1.27
1.26
1.25
1.7
1.8
1.8
1.95
4.72
4.49
4.48
4.5
EUR/USD
1.28
1.27
1.26
1.25
LEADING ECONOMIC INDICATORS LEADING INDICATORS Indicator
O-11
N-11
United States (yoy %) Eurozone (yoy %) Japan (yoy %)
8.5 8.4 15.9
J-10
8.2 7.9 15.0
J-10
7.4 9.0 13.5
A-10
6.9 6.0 10.6
S-10
6.2 7.2 7.4
O-10
6.0 8.2 6.4
N-10
6.5 9.1 6.3
D-10
5.3 5.8 4.0
J-11
4.4 7.8 3.6
F-11
4.7 6.0 -12.9
M-11
3.7 5.1 -11.9
A-11
2.5 4.1 -6.5
M-11
2.4 2.1 -1.7
J-11
2.4 3.7 -1.1
J-11
2.7 5.1 -0.5
A-11
2.6 1.6 -1.1
S-11
3.5 0.2 2.1
3.4 -0.6 -1.2
3.0 -1.9 -1.2
D-11
3.9 -1.9 -1.7
J-12
4.9 -1.9 -4.3
F-12
3.3 -2.1 15.1
M-12
4.6 -2.7 12.6
A-12
4.5 -2.4 2.9
M-12
4.4 -1.9 -0.3
J-12
4.2 -2.4 -2.2
J-12
2.8 -1.5 -4.2
A-12
2.9 -2.6 -6.7
S-12
2.2 -3.1 -6.8
O-12
N-12 3.3 -4.0 -6.4
2.8 -2.0 -6.2
D-12
2.1 -2.5 -6.7
J-13
2.3 -3.2 -4.8
F-13
3.0 -1.4 -5.5
M-13
1.8 -0.6 -3.7
A-13
1.6 -0.6 -3.7
M-13
1.6 -0.6 -3.7
J-13
Germany (yoy %) France (yoy %) Italy (yoy %)
10.5 5.4 10.9
11.2 5.5 5.2
11.0 3.2 18.4
8.2 4.1 6.0
12.5 3.3 1.0
11.3 4.6 4.9
11.9 6.1 11.5
12.5 5.5 4.7
15.0 5.6 5.3
11.7 3.2 3.0
9.5 2.0 1.5
7.4 1.6 6.6
6.9 2.0 -0.1
10.3 3.2 -3.1
8.5 4.1 7.0
5.5 1.3 -1.8
4.3 2.0 -3.7
4.6 0.8 -3.4
1.3 -1.8 -8.3
1.2 -1.9 -2.0
-0.5 -1.9 -3.6
1.2 -1.7 -6.9
-0.9 0.2 -11.9
-0.1 -3.8 -5.8
0.4 -2.2 -7.0
-1.2 -2.6 -2.7
-1.3 -1.2 -4.9
-0.8 -1.9 -10.4
-3.0 -2.7 0.3
-3.1 -4.3 -7.8
-0.5 -2.0 -10.3
-2.6 -3.8 -0.2
-1.7 -2.6 -7.7
-2.4 -2.0 -9.7
0.9 -0.5 -0.1
-1.0 0.4 -0.1
-1.0 0.4 -0.1
United Kingdom (yoy %) Canada (yoy %)
2.5 8.0
2.1 7.6
5.0 8.6
4.5 6.0
4.1 6.9
3.6 5.7
3.7 8.6
4.0 7.2
1.1 4.9
-0.8 5.0
-2.2 4.8
-1.4 0.4
-0.5 0.7
-0.9 2.4
-2.1 3.5
-2.3 5.0
-3.0 4.0
-3.4 3.4
-2.5 2.8
-3.5 2.8
-1.6 2.1
-2.1 1.1
-1.5 2.4
-1.5 3.9
-4.2 2.2
-0.7 1.2
-0.8 -0.5
-3.7 -1.7
-3.9 -1.1
-3.0 0.4
-3.0 -1.5
-3.3 -1.1
-2.4 1.8
-2.0 2.0
-1.4 2.0
-2.3 2.0
-2.3 2.0
Brazil (yoy %) China (yoy %) India (yoy %) Indonesia (yoy %) Russia (yoy %) South Africa (yoy %)
11.0 13.7 7.5
8.7 13.4 10.0
8.6 13.9 4.5
6.7 13.3 6.2
1.9 13.1 11.4
5.4 13.3 6.4
2.5 13.5 8.1
9.7 9.3
5.9 6.8
7.0 5.2
6.2 1.4
6.6 1.7
6.7 3.9
6.3 0.7
2.6 13.5 7.5 3.7 6.7 2.7
7.5 14.9 6.7 -2.7 5.8 6.4
-1.0 14.8 9.4 2.6 5.3 5.5
-1.7 13.4 5.3 -1.0 4.5 0.0
2.5 13.3 6.2 3.9 4.1 0.9
0.9 15.1 9.5 3.6 5.7 1.2
-0.4 14.0 3.7 10.8 5.2 -6.2
2.4 13.5 3.4 4.2 6.2 6.0
-1.4 13.8 2.5 14.0 3.9 7.7
-1.7 13.2 -5.0 6.9 3.6 1.4
-2.6 12.4 6.0 0.9 3.9 2.7
-1.3 12.8 2.7 3.3 2.5 1.9
-2.9 12.8 1.0 2.3 3.8 2.2
-4.2 12.8 4.3 11.4 6.5 4.0
-2.5 11.9 -2.8 -1.8 2.0 -3.1
-3.4 9.3 -1.3 2.7 1.3 1.3
-4.3 9.6 2.5 3.1 3.7 4.6
-5.4 9.5 -2.0 0.9 1.9 0.9
-2.5 9.2 -0.1 -0.6 3.4 6.6
-1.6 8.9 2.0 -4.6 2.1 2.7
-3.2 9.2 -0.7 3.9 2.0 -1.3
2.9 9.6 8.4 9.5 1.8 3.2
-0.8 10.1 -1.0 12.6 1.9 3.8
-3.6 10.3 -0.6 10.9 1.4 1.7
5.6 10.3 2.5 11.1 -0.8 3.4
-3.1 10.3 0.5 5.5 -2.1 -3.2
-3.5 8.9 3.4 10.4 2.6 -2.0
8.4 9.3 2.3 10.4 2.3 7.1
1.4 9.2 2.3 10.4 -1.4 7.1
1.4 9.2 2.3 10.4 -1.4 7.1
LEADING INDICATORS Indicator OECD Area OECD & Major Six Non-OECD Major Seven NAFTA Big Four European Major Five Asia
J-10 106.7 115.9 104.3 105.2 105.2 131.2
OECD Area (12-mo %) 4.5 OECD & Major Six Non-OECD (12-mo %) 6.7 Major Seven (12-mo %) 4.4 NAFTA (12-mo %) 4.9 Big Four European (12-mo %) 4.2 Major Five Asia (12-mo %) 9.8
J-10
A-10
S-10
O-10
N-10
D-10
J-11
F-11
M-11
A-11
M-11
J-11
J-11
A-11
S-11
O-11
N-11
D-11
J-12
F-12
M-12
A-12
M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13
M-13
A-13
M-13
J-13
106.7 116.2 104.4 105.2 105.3 131.9
106.8 116.6 104.4 105.3 105.4 132.7
107.0 117.0 104.6 105.5 105.5 133.6
107.1 117.5 104.7 105.7 105.7 134.6
107.3 117.9 104.9 105.9 105.8 135.5
107.5 118.4 105.2 106.1 106.0 136.5
107.7 118.8 105.4 106.4 106.1 137.4
107.8 119.1 105.5 106.5 106.1 138.1
107.9 119.4 105.5 106.6 106.1 138.9
107.8 119.6 105.5 106.7 106.0 139.6
107.8 119.7 105.4 106.6 105.8 140.3
107.6 119.9 105.2 106.5 105.5 141.0
107.5 120.0 105.1 106.4 105.2 141.8
107.4 120.1 104.9 106.3 104.9 142.5
107.3 120.3 104.8 106.4 104.6 143.2
107.4 120.6 104.8 106.6 104.3 144.0
107.5 120.9 104.9 106.9 104.2 144.8
107.6 121.3 105.1 107.2 104.1 145.6
107.8 121.7 105.3 107.5 104.1 146.5
108.0 122.1 105.4 107.8 104.1 147.4
108.1 122.5 105.5 108.0 104.1 148.3
108.2 122.8 105.6 108.1 104.1 149.1
108.2 123.0 105.5 108.1 104.0 149.9
108.2 123.3 105.5 108.2 103.9 150.7
108.3 123.5 105.5 108.2 103.9 151.5
108.3 123.8 105.6 108.3 103.9 152.3
108.4 124.2 105.7 108.5 103.9 153.2
108.6 124.6 105.9 108.7 104.0 154.1
108.8 125.0 106.1 109.0 104.1 155.1
109.0 125.5 106.3 109.2 104.3 156.2
109.2 126.0 106.5 109.4 104.5 157.2
109.4 126.4 106.7 109.7 104.6 158.2
109.7 126.8 106.9 109.9 104.7 159.3
109.7 126.8 106.9 109.9 104.7 159.3
109.7 126.8 106.9 109.9 104.7 159.3
109.7 126.8 106.9 109.9 104.7 159.3
3.8 6.0 3.8 4.1 3.5 8.9
3.3 5.4 3.2 3.5 2.9 8.3
2.8 4.9 2.7 2.9 2.4 7.9
2.4 4.6 2.3 2.5 2.1 7.7
2.1 4.4 2.0 2.2 1.8 7.6
1.9 4.2 1.8 2.0 1.6 7.5
1.7 4.0 1.7 1.8 1.4 7.4
1.6 3.9 1.5 1.6 1.3 7.4
1.4 3.8 1.3 1.5 1.1 7.4
1.2 3.7 1.2 1.3 0.9 7.4
1.1 3.5 1.0 1.3 0.6 7.5
0.9 3.4 0.9 1.2 0.3 7.5
0.7 3.3 0.7 1.1 -0.1 7.5
0.5 3.0 0.5 1.0 -0.5 7.4
0.3 2.8 0.2 0.9 -0.9 7.2
0.2 2.7 0.1 0.9 -1.3 7.0
0.1 2.5 0.0 0.9 -1.6 6.8
0.1 2.5 -0.1 1.0 -1.8 6.7
0.1 2.5 -0.1 1.1 -1.9 6.7
0.1 2.5 -0.1 1.2 -1.9 6.7
0.2 2.6 0.0 1.2 -1.9 6.8
0.3 2.6 0.1 1.3 -1.8 6.8
0.4 2.7 0.1 1.5 -1.7 6.8
0.5 2.8 0.3 1.6 -1.5 6.8
0.7 2.9 0.5 1.7 -1.3 6.8
0.9 3.1 0.7 1.9 -1.0 6.9
1.0 3.2 0.9 2.0 -0.6 6.9
1.1 3.3 1.0 2.0 -0.3 7.0
1.2 3.4 1.1 2.0 -0.1 7.1
1.3 3.5 1.1 1.9 0.2 7.2
1.3 3.5 1.2 1.8 0.3 7.3
1.4 3.5 1.3 1.8 0.5 7.3
1.5 3.6 1.3 1.8 0.6 7.4
1.5 3.6 1.3 1.8 0.6 7.4
1.5 3.6 1.3 1.8 0.6 7.4
1.5 3.6 1.3 1.8 0.6 7.4
United States Eurozone Japan Germany France Italy United Kingdom Canada Mexico Australia New Zealand Brazil South Africa
104.3 105.8 101.4 109.9 103.9 99.7 105.0 108.2 111.8 115.8 107.0 123.8 117.6
104.3 105.9 101.5 110.1 104.1 99.8 104.8 108.2 111.9 116.1 106.7 124.0 118.0
104.3 106.0 101.5 110.3 104.3 99.9 104.7 108.2 112.0 116.3 106.6 124.4 118.4
104.5 106.2 101.6 110.5 104.6 100.1 104.6 108.3 112.2 116.5 106.5 124.8 118.8
104.7 106.3 101.7 110.7 104.9 100.2 104.5 108.4 112.2 116.8 106.5 125.3 119.3
105.0 106.5 101.8 111.0 105.2 100.3 104.5 108.6 112.0 117.1 106.6 125.8 119.8
105.3 106.6 101.9 111.2 105.4 100.4 104.5 108.8 111.7 117.4 106.8 126.2 120.2
105.6 106.7 102.0 111.4 105.6 100.4 104.5 109.1 111.5 117.7 107.1 126.4 120.6
105.8 106.8 102.1 111.5 105.7 100.4 104.5 109.2 111.4 117.9 107.5 126.5 121.0
105.9 106.7 102.1 111.5 105.7 100.3 104.4 109.3 111.4 118.1 108.0 126.6 121.3
105.9 106.6 102.0 111.4 105.6 100.2 104.2 109.3 111.5 118.2 108.5 126.6 121.4
105.8 106.4 102.0 111.2 105.5 100.0 103.9 109.3 111.6 118.3 109.0 126.5 121.5
105.7 106.2 102.0 110.9 105.5 99.7 103.6 109.3 111.9 118.4 109.4 126.2 121.6
105.5 105.9 102.0 110.5 105.4 99.4 103.2 109.2 112.4 118.4 109.7 126.0 121.7
105.4 105.6 102.0 110.1 105.3 99.1 102.8 109.2 112.9 118.6 109.9 125.7 121.9
105.4 105.3 102.0 109.7 105.1 98.7 102.4 109.2 113.5 118.7 110.0 125.6 122.2
105.5 105.1 102.1 109.5 105.0 98.3 102.1 109.3 114.0 118.9 110.0 125.6 122.5
105.8 104.9 102.2 109.5 105.0 98.0 101.9 109.4 114.6 119.0 110.0 125.8 122.8
106.2 104.9 102.3 109.5 104.9 97.7 101.8 109.6 115.1 119.3 110.0 126.1 123.1
106.5 104.8 102.4 109.7 104.9 97.4 101.9 109.8 115.6 119.5 110.0 126.6 123.4
106.7 104.8 102.5 109.8 104.9 97.1 102.0 109.9 116.0 119.8 110.1 127.3 123.6
106.9 104.7 102.5 109.9 104.9 96.8 102.0 110.1 116.3 120.2 110.1 127.9 123.7
107.0 104.7 102.5 109.9 104.9 96.5 102.1 110.3 116.7 120.6 110.2 128.5 123.9
107.0 104.6 102.5 109.8 104.9 96.2 102.2 110.4 116.9 121.1 110.2 129.0 124.1
107.0 104.4 102.4 109.6 104.9 96.0 102.3 110.5 117.0 121.5 110.3 129.5 124.3
107.1 104.3 102.3 109.5 104.9 95.8 102.5 110.6 117.0 121.9 110.3 130.0 124.5
107.2 104.2 102.3 109.4 104.8 95.7 102.7 110.7 116.8 122.2 110.4 130.4 124.9
107.5 104.2 102.3 109.4 104.8 95.6 102.9 110.8 116.7 122.5 110.6 130.8 125.2
107.7 104.2 102.4 109.6 104.7 95.6 103.1 110.8 116.7 122.7 111.0 131.1 125.6
107.9 104.3 102.5 109.9 104.7 95.6 103.3 110.9 117.0 122.8 111.3 131.3 126.0
108.2 104.4 102.8 110.2 104.8 95.6 103.4 111.0 117.3 123.0 111.7 131.5 126.3
108.4 104.6 103.1 110.6 104.8 95.7 103.5 111.1 117.5 123.1 112.1 131.6 126.7
108.7 104.8 103.4 111.0 104.9 95.8 103.5 111.2 117.7 123.2 112.5 131.8 127.0
108.9 104.9 103.8 111.3 104.9 95.9 103.5 111.3 118.0 123.4 112.9 132.0 127.2
108.9 104.9 103.8 111.3 104.9 95.9 103.5 111.3 118.0 123.4 112.9 132.0 127.2
108.9 104.9 103.8 111.3 104.9 95.9 103.5 111.3 118.0 123.4 112.9 132.0 127.2
108.9 104.9 103.8 111.3 104.9 95.9 103.5 111.3 118.0 123.4 112.9 132.0 127.2
Euro Area Europe 23 Eastern Europe Big Four - Europe Germany France Italy United Kingdom Spain Netherlands Belgium Switzerland Denmark Norway Sweden Czech Republic Hungary Poland Slovak Republic Turkey
105.8 107.6 123.0 105.2 109.9 103.9 99.7 105.0 105.3 108.5 108.0 113.1 102.2 104.5 109.4 115.6 101.6 126.6 124.5 121.4
105.9 107.7 123.0 105.3 110.1 104.1 99.8 104.8 105.1 108.5 108.1 113.3 102.1 104.7 109.9 116.0 101.7 127.0 125.0 122.0
106.0 107.8 123.0 105.4 110.3 104.3 99.9 104.7 105.0 108.6 108.3 113.5 102.0 105.0 110.2 116.3 101.8 127.4 125.7 122.5
106.2 108.0 123.0 105.5 110.5 104.6 100.1 104.6 104.9 108.8 108.5 113.8 101.9 105.3 110.5 116.7 101.9 127.7 126.3 122.8
106.3 108.1 123.0 105.7 110.7 104.9 100.2 104.5 104.8 108.9 108.8 114.1 101.8 105.7 110.7 117.0 102.0 128.0 127.0 123.0
106.5 108.2 123.0 105.8 111.0 105.2 100.3 104.5 104.8 109.1 109.0 114.5 101.8 106.0 110.8 117.2 102.1 128.2 127.7 123.3
106.6 108.4 123.0 106.0 111.2 105.4 100.4 104.5 104.8 109.4 109.2 114.7 101.7 106.2 110.8 117.4 102.2 128.5 128.3 123.6
106.7 108.5 123.0 106.1 111.4 105.6 100.4 104.5 104.8 109.5 109.4 114.9 101.7 106.4 110.7 117.4 102.2 128.6 128.8 124.0
106.8 108.5 123.0 106.1 111.5 105.7 100.4 104.5 104.8 109.6 109.5 115.0 101.7 106.5 110.7 117.4 102.1 128.9 129.3 124.4
106.7 108.5 123.0 106.1 111.5 105.7 100.3 104.4 104.8 109.6 109.5 114.9 101.6 106.6 110.8 117.2 101.9 129.1 129.7 124.9
106.6 108.4 123.0 106.0 111.4 105.6 100.2 104.2 104.7 109.4 109.4 114.7 101.5 106.6 110.9 117.0 101.6 129.4 130.2 125.2
106.4 108.3 123.0 105.8 111.2 105.5 100.0 103.9 104.7 109.1 109.2 114.3 101.4 106.6 111.1 116.8 101.3 129.7 130.5 125.6
106.2 108.1 123.0 105.5 110.9 105.5 99.7 103.6 104.6 108.6 109.0 113.7 101.2 106.6 111.3 116.6 100.9 130.1 130.6 125.8
105.9 107.8 123.0 105.2 110.5 105.4 99.4 103.2 104.6 108.2 108.7 113.2 100.9 106.6 111.5 116.4 100.5 130.4 130.6 126.1
105.6 107.6 123.0 104.9 110.1 105.3 99.1 102.8 104.5 107.7 108.4 112.7 100.6 106.7 111.7 116.2 100.2 130.8 130.4 126.4
105.3 107.4 123.0 104.6 109.7 105.1 98.7 102.4 104.4 107.4 108.1 112.4 100.3 106.7 111.9 115.9 99.9 131.3 130.1 126.6
105.1 107.2 123.0 104.3 109.5 105.0 98.3 102.1 104.4 107.2 107.8 112.3 100.1 106.8 112.1 115.7 99.8 131.8 129.9 126.7
104.9 107.1 123.0 104.2 109.5 105.0 98.0 101.9 104.4 107.0 107.6 112.3 100.0 106.9 112.3 115.6 99.7 132.3 129.8 126.8
104.9 107.1 123.0 104.1 109.5 104.9 97.7 101.8 104.3 107.0 107.5 112.4 100.0 107.1 112.4 115.5 99.7 132.8 129.8 126.9
104.8 107.1 123.0 104.1 109.7 104.9 97.4 101.9 104.3 107.0 107.5 112.7 100.0 107.2 112.5 115.4 99.7 133.0 130.2 127.3
104.8 107.1 123.0 104.1 109.8 104.9 97.1 102.0 104.2 107.0 107.6 113.0 100.0 107.3 112.6 115.4 99.6 133.2 130.6 127.8
104.7 107.1 123.0 104.1 109.9 104.9 96.8 102.0 104.1 106.9 107.7 113.2 100.0 107.3 112.8 115.3 99.5 133.4 131.1 128.3
104.7 107.1 123.0 104.1 109.9 104.9 96.5 102.1 104.0 106.8 107.8 113.5 100.0 107.3 113.1 115.1 99.2 133.7 131.6 128.8
104.6 107.1 123.0 104.0 109.8 104.9 96.2 102.2 103.9 106.7 107.8 113.7 100.0 107.3 113.5 114.9 99.0 134.0 131.8 129.2
104.4 107.1 123.0 103.9 109.6 104.9 96.0 102.3 103.7 106.5 107.8 113.9 99.9 107.3 113.8 114.7 98.8 134.3 132.0 129.6
104.3 107.1 123.0 103.9 109.5 104.9 95.8 102.5 103.6 106.4 107.8 114.2 99.8 107.4 114.0 114.6 98.6 134.6 132.1 129.9
104.2 107.1 123.0 103.9 109.4 104.8 95.7 102.7 103.5 106.3 107.8 114.5 99.8 107.4 114.1 114.5 98.6 134.9 132.2 130.1
104.2 107.1 123.0 103.9 109.4 104.8 95.6 102.9 103.4 106.2 107.7 114.8 99.7 107.5 114.2 114.4 98.5 135.3 132.3 130.2
104.2 107.2 123.0 104.0 109.6 104.7 95.6 103.1 103.4 106.2 107.6 115.1 99.7 107.6 114.1 114.4 98.5 135.6 132.5 130.4
104.3 107.3 123.0 104.1 109.9 104.7 95.6 103.3 103.4 106.2 107.5 115.3 99.8 107.7 114.1 114.5 98.4 136.1 132.8 130.6
104.4 107.4 123.0 104.3 110.2 104.8 95.6 103.4 103.4 106.3 107.5 115.4 99.8 107.7 114.0 114.6 98.3 136.5 133.0 130.9
104.6 107.6 123.0 104.5 110.6 104.8 95.7 103.5 103.5 106.3 107.6 115.5 99.8 107.8 114.0 114.7 98.1 136.8 133.4 131.4
104.8 107.8 123.0 104.6 111.0 104.9 95.8 103.5 103.7 106.4 107.7 115.6 99.8 107.9 113.9 114.8 97.8 137.2 133.7 132.0
104.9 107.9 123.0 104.7 111.3 104.9 95.9 103.5 103.8 106.5 107.8 115.6 99.9 108.0 114.0 115.0 97.6 137.6 134.2 132.6
104.9 107.9 123.0 104.7 111.3 104.9 95.9 103.5 103.8 106.5 107.8 115.6 99.9 108.0 114.0 115.0 97.6 137.6 134.2 132.6
104.9 107.9 123.0 104.7 111.3 104.9 95.9 103.5 103.8 106.5 107.8 115.6 99.9 108.0 114.0 115.0 97.6 137.6 134.2 132.6
104.9 107.9 123.0 104.7 111.3 104.9 95.9 103.5 103.8 106.5 107.8 115.6 99.9 108.0 114.0 115.0 97.6 137.6 134.2 132.6
Major Five Asia China Korea India Indonesia
131.2 199.4 122.0 37.6 132.5
131.9 200.9 122.1 37.8 133.1
132.7 202.8 122.2 38.0 133.7
133.6 205.1 122.3 38.2 134.4
134.6 207.5 122.4 38.4 135.1
135.5 210.0 122.6 38.6 135.8
136.5 212.3 122.8 38.7 136.5
137.4 214.4 123.2 38.9 137.2
138.1 216.4 123.5 39.0 137.8
138.9 218.5 123.7 39.1 138.5
139.6 220.5 123.8 39.2 139.2
140.3 222.4 123.8 39.3 139.9
141.0 224.4 123.8 39.4 140.7
141.8 226.3 123.7 39.5 141.5
142.5 228.2 123.7 39.7 142.3
143.2 230.0 123.6 39.9 143.1
144.0 231.8 123.7 40.1 143.8
144.8 233.6 123.8 40.3 144.5
145.6 235.4 124.0 40.5 145.0
146.5 237.4 124.5 40.8 145.5
147.4 239.7 125.0 41.0 145.8
148.3 241.9 125.6 41.1 146.0
149.1 243.9 126.1 41.3 146.4
149.9 246.0 126.7 41.4 147.0
150.7 248.1 127.1 41.5 147.7
151.5 250.2 127.6 41.6 148.5
152.3 252.4 128.0 41.8 149.4
153.2 254.6 128.5 41.9 150.3
154.1 257.0 128.9 42.1 151.2
155.1 259.4 129.5 42.2 152.1
156.2 261.9 130.0 42.4 152.9
157.2 264.4 130.5 42.6 153.7
158.2 266.6 131.1 42.7 154.5
159.3 268.9 131.8 42.9 155.2
159.3 271.1 131.8 42.9 155.2
159.3 273.5 131.8 42.9 155.2
159.3 273.5 131.8 42.9 155.2
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USA - ECONOMIC INDICATORS - I/II Indicator Real GDP (qoq % saar) Real GDP (yoy %) Nominal GDP ($ Bn) Personal Consumption (yoy % saar) Private Investment (yoy %) Gov't Spending (yoy % saar) Change in Inventories ($ Bn) GDP Price Deflator (qoq % saar) Core PCE Deflator (qoq % saar) Consumer Price Index (yoy %) CPI ex-Food & Energy (yoy %) PCE Price Index (yoy %) Core PCE Index (yoy %) Consumer Price Index (mom %) CPI ex-Food & Energy (mom %) PPI Finished Goods (yoy %) PPI Intermediate Goods (yoy %) PPI Crude Materials (yoy %) PPI ex-Food & Energy (yoy %) Producer Price Index (mom %) PPI ex-Food & Energy (mom %) Unemployment Rate (%) Initial Jobless Claims, Weekly Continuing Claims, Weekly Chg. in NonFarm Payrolls (mom 000's) Chg. in Mfg. Payrolls (mom 000's) Average Weekly Hours Employment/Population Ratio (%) Non-Farm Payroll Diffusion JOLTS Job Openings (yoy %) JOLTS Job Hires (yoy %) JOLTS Job Separations (yoy %) Help Wanted Index Challenger Job Cut Announce. (yoy %) ADP Employment Chg. (mom 000's) Avg. Hourly Earnings (yoy %) Avg. Hourly Earnings (mom %) Employment Cost Index (yoy %) Unit Labor Costs (qoq % saar) Non-Farm Productivity (qoq %) Industrial Production (yoy %) Capacity Utilization (%) Factory Orders (mom %) Durable Goods Orders (mom %) Business Inventories (mom %) Wholesale Inventories (mom %) Non-Farm Employment (Mln) Industrial Production Index Real Mfg. & Trade Sales ($ Tn) ISM Composite Index ISM Prices Paid Index Philly Fed Business Conditions Empire Mfg. Business Conditions Richmond Fed Mfg. Index Chicago Purchasing Managers Milwaukee Purchasing Managers
F-10 M-10 A-10 M-10 J-10 J-10 National Accounts 2.3 2.2 1.9 2.5 14270 14414 2.5 2.6 19.8 14.6 -3.1 2.8 33.2 41.7 1.5 1.7 1.5Purchases & Invest 1.4 GPGSTOC% US GDP Index Govt Consumer Prices 2.1 2.3 2.2 2 1.1 1.2 1.3 US 1.1 0.9Purchases 0.9 & 0.9 GPGSTOC% GDP Index Govt Invest 0.9 2.2 2.5 2.4 2.3 1.7 1.8 1.741 US 1.872 1.708Purchases 1.729 &1.65 GPGSTOC% GDP Index Govt Invest1.636 -0.1 0 0 0 0 0.2 0.1 US GDP 0Index 0.1 & 0.1 GPGSTOC% Govt0Purchases Invest 0.1 Producer Prices 4.2 5.9 5.4 5.1 2.7 4.1 5.6 7.9 8.7 8.3 6.1 6.3 29.74 32.85 28.74 21.46 13.29 20.71 1 0.9 0.9 1.3 1.1 1.5 -0.7 0.7 -0.2 0 -0.3 0.3 0 US 0.2 0.3 & 0.1 GPGSTOC% GDP Index Govt0Purchases Invest 0.1 Labor Market 9.8 9.9 9.9 9.6 9.4 9.5 485 461 448 457 464 473 4759 US 4668 4685Purchases 4548 & 4484 GPGSTOC% GDP Index Govt Invest 4472 -40 154 229 521 -130 -86 0 6 31 34 8 19 33.2 US33.3 33.4Purchases 33.5 &33.4 GPGSTOC% GDP Index Govt Invest 33.5 58.5 58.5 58.7 58.6 58.5 58.5 47.4 US56.6 61.1Purchases 54.5 &54.9 GPGSTOC% GDP Index Govt Invest 54.3 2 2 2.4 2.1 2 2.2 3 3.2 3.2 3.4 3.1 3.1 3 US 3.1 3 & 3.2 GPGSTOC% GDP Index Govt3Purchases Invest 3.2 0 0 0 0 0 0 -77.4 -55 -71.1 -65.1 -47.1 -57.2 -12 US66.4 160.5Purchases 213.7 146.1 GPGSTOC% GDP Index Govt & Invest 88.6 2.5 2.3 2.4 2.6 2.6 2.4 0.1 US 0.1 0.2Purchases 0.3 & 0.2 GPGSTOC% GDP Index Govt Invest 0.1 1.4 1.7 1.7 1.7 1.9 1.9 -1.2 3.3 3.1Purchases & Invest -0.5 GPGSTOC% US GDP Index Govt Economic Activity 0.38 0.76 0.33 1.58 0.22 0.58 71.5 72.2 72.6 73.9 74.2 74.8 -0.3 2.5 1.6 -0.9 0.4 1.2 -2.3 US 2.3 4.4Purchases -0.6 & 0.6 GPGSTOC% GDP Index Govt Invest 2.3 0.6 0.6 0.4 0.1 0.8 0.8 0.3 US 0.5 0.1Purchases 0.4 & 0.4 GPGSTOC% GDP Index Govt Invest 1.2 NBER Business Cycle Indicators 129.3 129.5 129.7 130.2 130.1 130 88.3 88.97 89.27 90.68 90.87 91.41 938 US 947.4 954.9Purchases 953.8 958.2 GPGSTOC% GDP Index Govt & Invest 972 Business Conditions 55.7 59.3 58.9 57.8 56.1 56.4 67 US GDP 75Index 78Purchases 77.5 & Invest 57 57.5 GPGSTOC% Govt 12.5 13.8 16.4 21.2 14.4 8.8 22.47 21.38 26.66 18.31 21.22 7.38 11 US GDP 8Index 27Purchases 14 & Invest 9 8 GPGSTOC% Govt 58.5 58.6 60.5 63.6 61.2 62.4 56 US GDP 62Index 66Purchases 65 & Invest 59 66 GPGSTOC% Govt
A-10
S-10
O-10
N-10
D-10
2.6 2.8 14576 2.5 16.4 -0.3 109.5 2 1
J-11
F-11
M-11
A-11
M-11
J-11
J-11
A-11
S-11
O-11
N-11
D-11
J-12
F-12
M-12
A-12
M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13
M-13
A-13
M-13
J-13
J-13
2.4 0.1 2.5 1.3 4.1 2 1.3 3.1 0.4 1.8 1.8 2.4 1.8 1.9 1.6 2 2.4 2.1 2.6 1.7 1.6 1.6 14736 14815 15004 15163 15321 15478 15586 15811 15864 15984 15984 4.1 3.1 1 1.7 2 2.4 1.5 1.6 1.8 2.6 2.6 -5.9 -5.3 12.5 5.9 33.9 6.1 0.7 6.6 1.3 7.4 7.4 -4.4 -7 -0.8 -2.9 -2.2 -3 -0.7 3.9 -7 -4.8 -4.8 49 33.7 34.8 -4.1 82.1 72.6 54.8 82.3 22.7 46.2 46.2 2.1 2 2.6 3 0.4 2 1.6 2.7 1 1.2 1.2 0.8 GPGSTOC% 1.3Purchases 2.3Purchases 1.9Purchases 1.3Purchases 2.2Purchases 1.7Purchases 1.1Purchases 1.3Purchases 1.3Purchases US GDP Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt US GDPUS Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt1Purchases US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt & Invest&
1.1 0.9 1.7 1.585 0.2 0.1
1.1 0.8 1.6 1.474 0.1 0.1
1.2 0.6 1.5 1.208 0.3 0
1.1 0.8 1.4 1.175 0.2 0.1
1.5 0.8 1.5 1.083 0.5 0.1
1.6 2.1 2.7 3.2 3.6 3.6 3.6 3.8 3.9 3.5 3.4 3 2.9 2.9 2.7 2.3 1.7 1.7 1.4 1.7 2 2.2 1.8 1.7 1.6 2 1.5 1.1 1.4 1.4 1.4 1 GPGSTOC% 1.1 US 1.2 1.3Purchases 1.5 US 1.8Purchases 2 US 2Index 2.1Purchases 2.2 US 2.3Purchases 2.2 US 2.3Purchases 2.3 US 2.1Purchases 2Purchases 1.9Purchases 2 US 1.7Purchases 1.7Purchases GDP Index Govt GPGSTOC% & 1.6 GDP Invest Index Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & 2.2 GDP Invest Index Govt GPGSTOC% & 2.3 GDP Invest Index Govt GPGSTOC% & 2.2 GDP Invest Index Govt US 1.9 GDPUS Govt & GDP Invest Govt2Purchases US & 1.9 GDP Invest US Govt & 1.9 GDP Invest Purchases Govt US & GDP Invest Govt & 1.9 GDP Invest Purchases Govt US & 1.7 GDP Invest US Govt & 1.7 GDP Invest Purchases Govt & Invest& 1.5 1.8 2.1 2.4 2.6 2.7 2.8 2.8 2.9 2.6 2.6 2.4 2.4 2.4 2.2 1.9 1.5 1.5 1.3 1.4 1.6 1.8 1.5 1.5 1.3 1.4 1 0.7 1 1 1 1.13 GPGSTOC% 1.158 US 1.087 1.241Purchases 1.352 US 1.433 1.546Purchases 1.618 US 1.571 1.612Purchases 1.677 US 1.858 1.934Purchases 1.919 US 1.956 1.88Purchases 1.75 US 1.757 1.676Purchases 1.528 1.543 1.588Purchases 1.538 1.429 1.372Purchases 1.309 1.173 1.052Purchases 1.057 1.057 1.057Purchases GDP Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt US GDPUS Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt & Invest& 0.3 0.4 0.5 0.3 0.4 0.1 0.2 0.3 0.3 0 0.1 0 0.2 0.3 0.3 0 -0.1 0.1 0 0.5 0.5 0.2 -0.2 0 0 0.7 -0.2 -0.4 0.1 0.1 0.1 0.2 GPGSTOC% 0.2 US 0.1 0.2Purchases 0.3 US 0.2Purchases 0.2 US 0.2Purchases 0.2 US 0.2Purchases 0.1 US 0.2Purchases 0.2 US 0.1Purchases 0.2Purchases 0.3Purchases 0.1Purchases 0.2Purchases GDP Index Govt GPGSTOC% & 0.2 GDP Invest Index Govt GPGSTOC% & 0.1 GDP Invest Index Govt GPGSTOC% & 0.2 GDP Invest Index Govt GPGSTOC% & 0.2 GDP Invest Index Govt GPGSTOC% & 0.2 GDP Invest Index Govt US 0.1 GDPUS Govt & 0.2 GDP Invest Purchases Govt US & 0.1 GDP Invest US Govt & 0.1 GDP Invest Purchases Govt US & 0.2 GDP Invest US Govt & 0.1 GDP Invest Purchases Govt US & 0.2 GDP Invest US Govt & 0.2 GDP Invest Purchases Govt & Invest&
3.3 5.2 18.72 1.3
3.9 5.4 20.58 1.6
4.3 6.2 17.01 1.6
3.4 5.9 13.07 1.2
3.8 6.3 16.11 1.4
0.4 0.1
0.4 0.2
0.7 -0.1
0.6 0
0.9 0.2
9.5 466 4489 -37 -10 33.5 58.5 56.8 2.2 3 3.1 0 -54.5 108.7 2.4 0.3 1.9
9.5 452 4421 -43 6 33.5 58.5 54.5 2.1 3 3 0 -44.1 92.2 2.2 0.1 1.9
9.5 455 4294 228 1 33.6 58.3 58.3 2.3 3.1 2.9 0 -31.8 119.6 2.5 0.4 1.9 -1.5 3.2
9.8 431 4122 144 22 33.5 58.2 56.8 2.3 3.1 3 0 -3.3 155.6 2.2 0.1 1.9
9.3 420 3943 95 13 33.5 58.3 57.9 2.2 3.2 3.1 0 -29 124.8 2 0 2
0.27 75.1 0.4 -0.2 0.8 1.3
0.26 75.4 3.3 5.8 1.2 1.5
-0.34 75.2 -1.3 -3.8 1.1 2.4
0.27 75.5 2.1 1.4 0.6 0.5
0.99 76.2 0.4 -1.8 1.2 1.5
-0.12 -0.47 1.02 -0.58 0.36 0.18 0.57 0.55 0.11 0.56 0.22 0.59 0.7 0.49 -0.55 0.75 0.26 0.03 0.44 -0.79 0.18 -0.12 1.31 0.04 0.01 0.72 0.19 -0.43 0.04 0.04 0.04 76.1 75.7 76.5 76 76.1 76.2 76.5 76.8 76.7 77 77 77.3 77.7 77.9 77.3 77.7 77.8 77.7 77.9 77.2 77.2 77 77.9 77.8 77.7 78.1 78.1 77.7 77.6 77.6 77.6 3.6 -1.7 6.2 -1.5 0.8 -0.3 2 0.5 -0.7 -0.7 2.3 1.4 -1.4 0.7 0 -0.8 -0.7 -0.6 2.8 -5.3 5.2 0.3 -0.7 2.2 -2.4 3.9 -4.7 1.3 2.1 2.1 2.1 4.6 GPGSTOC% -4.3 US 9.7 2.3 US 4.1Purchases 1.1 US -0.7Purchases 3.7 US -3.2Purchases 0.5 US -1.2 US 3.1Purchases -12.9 0.7Purchases -6.1Purchases 3.6Purchases 3.7Purchases GDP Index Govt-5Purchases GPGSTOC% &-1.4 GDP Invest Index Govt GPGSTOC% &-1.4 GDP Invest Index Govt GPGSTOC% & 3.3 GDP Invest Index Govt GPGSTOC% &-0.9 GDP Invest Index Govt0Purchases GPGSTOC% & 2.6 GDP Invest Index Govt US GDPUS Govt & 9.8 GDP Invest Purchases Govt US &-0.4 GDP Invest US Govt & 5.1 GDP Invest Purchases Govt US & 6.4 GDP Invest US Govt &-5.9 GDP Invest Purchases Govt US & 3.7 GDP Invest US Govt & 3.7 GDP Invest Purchases Govt & Invest& 0.8 0.6 1.4 0.8 1.1 0.5 0.3 0.6 -0.3 0.9 0.4 0.5 0.5 0.8 0.4 0.4 0.3 0.2 0.7 0.5 0.6 0.3 0.1 0.1 1 0 -0.1 0.3 0.3 0.3 0.3 0.9 GPGSTOC% 1 US 1.2 0.4Purchases 1.9 US 0.5Purchases 0.5 US 1.5Purchases 0 US 0.3Purchases 1.2 US 0.6Purchases -0.1 US 0Index 0.7Purchases 1Purchases 0.7Purchases 1.1Purchases 0.2Purchases 0.2Purchases GDP Index Govt GPGSTOC% & 0.8 GDP Invest Index Govt GPGSTOC% &-1.1 GDP Invest Index Govt GPGSTOC% & 1.3 GDP Invest Index Govt GPGSTOC% & 0.5 GDP Invest Index Govt GPGSTOC% & GDP Invest Govt US 0.5 GDPUS Govt & GDP Invest Govt US & 0.3 GDP Invest US Govt &-0.2 GDP Invest Purchases Govt US &-0.4 GDP Invest US Govt & 0.3 GDP Invest Purchases Govt US & 0.2 GDP Invest US Govt & 0.2 GDP Invest Purchases Govt & Invest&
130 91.65 969.6
129.9 91.88 972.8
130.2 91.57 973.5
130.3 91.82 980.1
130.4 92.72 982.6
130.5 130.7 130.9 131.2 131.3 131.5 131.6 131.7 131.9 132.1 132.3 132.5 132.8 133.1 133.3 133.4 133.5 133.6 133.8 133.9 134.1 134.2 134.5 134.7 134.8 135.2 135.3 135.5 135.7 135.9 135.9 92.61 92.17 93.11 92.58 92.91 93.08 93.61 94.12 94.22 94.75 94.96 95.52 96.2 96.67 96.14 96.86 97.1 97.13 97.56 96.79 96.95 96.84 98.11 98.15 98.16 98.87 99.06 98.64 98.67 98.67 98.67 992.3 GPGSTOC% 979.2 US 990.1 983.3Purchases 982.7 US 989.2 996.8Purchases 1001 US 1009Purchases 1007 US 1016 1016Purchases 1020 US 1015 1018Purchases 1025 US 1020 1028Purchases 1023 1025 1022Purchases 1041 1044 1040Purchases 1043 1037 1045Purchases 1045 1045 1045Purchases GDP Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% &997 GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt US GDPUS Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt & Invest&
57.8 61.5 3.8 9.79 -3 59.7 59
56.5 70.5 4.5 9.69 4 62.2 50
57.3 71 2.4 13.46 10 61.8 56
58.2 69.5 20.1 -9.65 12 61.8 59
57.3 72.5 16.3 9.97 25 65.2 62
59.2 59.6 59.3 59.4 53.5 55.8 52.3 53.2 53.2 51.5 52.3 52.9 53.7 51.9 53.3 54.1 52.5 50.2 50.5 50.7 51.6 51.7 49.9 50.2 53.1 54.2 51.3 50.7 49 50.9 50.9 81.5 GPGSTOC% 82 US GDP 85Index 85.5Purchases 76.5 US 68Index 59Purchases 55.5 US 56Index 41Purchases 45 US 55.5Purchases 61.5 US 61Index 61Purchases 47.5 US 37Index 39.5Purchases 54 US 58Purchases 55Purchases 56.5Purchases 50Purchases 52.5Purchases Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & GDP Invest Govt GPGSTOC% &47.5 GDP Invest Index Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & GDP Invest Govt US GDP Govt & GDP Invest Govt US &52.5 GDP Invest US Govt &55.5 GDP Invest Purchases Govt US &61.5 GDP Invest US Govt &54.5 GDP Invest Purchases Govt US &49.5 GDP Invest US Govt &52.5 GDP Invest Purchases Govt & Invest& 15 25.6 36.1 13.7 4 -1.1 9.4 -19 -10 9.7 5 4.2 4.7 5 8.6 6.5 -4.9 -12.8 -9.1 -1.7 1.4 4.2 -8.9 4.6 -5.8 -12.5 2 1.3 -5.2 12.5 12.5 10.29 13.12 14.31 18.09 10.49 -3.94 -3.28 -4.73 -4.75 -7.39 1.82 9.6 12.12 18.31 18 6.4 14.52 4.15 7.08 -3.78 -7.54 -6.75 -4.31 -7.3 -7.78 10.04 9.24 3.05 -1.43 7.84 7.84 14 GPGSTOC% 17 US GDP 16Index -6 US 5Index -5 US -2Index 1 US 3Index 12 US 7Index 10Purchases 3 US -1Index -17Purchases -9 US 4Purchases 9 US 5Purchases -12Purchases 6 US 3Purchases -2 US 8Purchases Govt5Purchases GPGSTOC% & GDP Invest Govt0Purchases GPGSTOC% & GDP Invest Govt-3Purchases GPGSTOC% & GDP Invest Govt9Purchases GPGSTOC% & GDP Invest Govt GPGSTOC% & GDP Invest Govt US GDP Govt & GDP Invest Govt-7Purchases US & GDP Invest Govt & GDP Invest Govt US & GDP Invest Govt & GDP Invest Govt-6Purchases US & GDP Invest Govt & GDP Invest Govt8Purchases & Invest& 66.6 66.3 67.6 64.6 59.7 62.8 60.6 59 62.5 60.1 62.3 60.7 59.2 61.5 59.7 56.2 54.5 53.8 54.6 54.1 50.9 50.7 50.2 50 55.6 56.8 52.4 49 58.7 51.6 51.6 57 GPGSTOC% 63 US GDP 66Index 68Purchases 62.3 &59.3 58.3 55.4 55.5 56.7 57.8 58.4 58.6 51.8 52.9 57.7 60.2 46.7 42.9 47.14 43.31 45.5 52.15 51.31 56.48 50.98 48.43 40.67 51.55 51.55 Govt Invest 57.6
3.6 6.2 10.86 1.6
5.4 8.1 16.45 1.8
5.6 9.1 16.69 2
6.6 9.7 23.84 2.3
7.1 10.3 22.66 2.1
6.9 10.9 26.07 2.3
7.1 11.5 23.1 2.7
6.6 10.3 18.6 2.7
7 10.4 20.03 2.8
5.8 8 12.77 2.9
5.6 7.2 14.41 3
4.7 5.7 6.61 3
4.1 4.3 4.28 3.1
3.4 3.3 0.99 3.1
2.8 2.9 0.2 2.9
1.8 1 -7.4 2.7
0.6 0.7 -0.8 -1.8 -8.06 -11.57 2.7 2.6
0.5 -2.6 -9.34 2.6
1.9 -1 -3.38 2.6
2.1 -0.2 -2.5 2.4
2.3 0.8 -0.25 2.2
1.5 -0.2 -1.85 2.2
1.4 0.4 1.4 2.1
1.5 0.6 0.53 1.8
1.7 1.2 0.9 1.7
1.1 -0.8 -0.3 1.7
0.6 -1 3.1 1.7
1.7 -0.2 7.58 1.7
1.7 -0.2 7.58 1.7
1.7 -0.2 7.58 1.7
0.7 1.1 0.7 0.7 0.4 -0.1 0.6 -0.3 0.9 -0.3 0.4 -0.1 0.1 0.3 0.1 -0.2 -0.6 0.1 0.4 1 1 -0.2 -0.5 -0.1 0.2 0.6 -0.6 -0.7 0.5 0.5 0.5 0.4 GPGSTOC% 0.3 US 0.3 0.3Purchases 0.1 US 0.5Purchases 0.1 US 0.2Purchases 0.1 US 0.4Purchases 0.2 US 0.1Purchases 0.1 US 0.5Purchases 0 US 0.2Purchases 0.1Purchases 0.1Purchases GDP Index Govt GPGSTOC% & 0.3 GDP Invest Index Govt GPGSTOC% & 0.3 GDP Invest Index Govt GPGSTOC% & 0.3 GDP Invest Index Govt GPGSTOC% & 0.2 GDP Invest Index Govt GPGSTOC% & 0.2 GDP Invest Index Govt US GDP Govt & 0.1 GDP Invest Purchases Govt0Purchases US & 0.1 GDP Invest US Govt & 0.2 GDP Invest Purchases Govt US & 0.1 GDP Invest US Govt & 0.2 GDP Invest Purchases Govt US & 0.1 GDP Invest US Govt & 0.1 GDP Invest Purchases Govt & Invest& 9.1 426 3920 69 34 33.4 58.3 57.9 2.2 3 3 0 -46.1 173.1 2.2 0.5 2 -1.4 1.7
9 8.9 9 9 9.1 9 9 9 8.9 8.6 8.5 8.3 8.3 8.2 8.1 8.2 8.2 8.2 8.1 7.8 7.9 7.8 7.8 7.9 7.7 7.6 7.5 7.6 7.6 7.6 389 401 466 418 421 400 407 404 400 395 383 378 372 368 371 382 374 366 368 368 367 370 372 374 348 388 327 346 343 343 3835 US 3776 3819Purchases 3716 US 3723 3684Purchases 3707 US 3671 3652Purchases 3595 US 3621 3499Purchases 3430 US 3305 3276Purchases 3325 US 3311 3323Purchases 3293 3273 3189Purchases 3210 3183 3219Purchases 3105 3103 3013Purchases 2991 2933 2933Purchases GPGSTOC% GDP Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt US GDPUS Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt & Invest& 196 205 304 115 209 78 132 225 166 174 230 311 271 205 112 125 87 153 165 138 160 247 219 148 332 142 199 195 195 195 38 20 25 8 9 23 13 2 8 -1 28 44 29 40 10 6 9 22 -14 -18 6 7 13 14 23 -4 -7 -7 -6 -6 33.5 US33.6 33.7Purchases 33.6 US 33.7Purchases 33.6 US 33.7Purchases 33.7 US 33.8Purchases 33.8 US 33.7Purchases 33.7 US 33.7Purchases 33.6Purchases 33.6Purchases 33.7Purchases 33.7Purchases GPGSTOC% GDP Index Govt GPGSTOC% &33.6 GDP Invest Index Govt GPGSTOC% &33.7 GDP Invest Index Govt GPGSTOC% &33.7 GDP Invest Index Govt GPGSTOC% &33.7 GDP Invest Index Govt GPGSTOC% &33.7 GDP Invest Index Govt US33.6 GDPUS Govt &33.7 GDP Invest Purchases Govt US &33.7 GDP Invest US Govt &33.7 GDP Invest Purchases Govt US &33.8 GDP Invest US Govt &33.8 GDP Invest Purchases Govt US &33.7 GDP Invest US Govt &33.7 GDP Invest Purchases Govt & Invest& 58.4 58.4 58.4 58.4 58.2 58.2 58.3 58.4 58.4 58.5 58.6 58.5 58.6 58.5 58.5 58.6 58.6 58.5 58.4 58.7 58.7 58.7 58.6 58.6 58.6 58.5 58.6 58.6 58.7 58.7 68.2 US63.3 65.8Purchases 60.5 US 60.9Purchases 59.8 US 61.3Purchases 59.2 US 72.2Purchases 62.2 US 58.3Purchases 63.5 US 56Purchases 64.8Purchases 63Purchases 57Purchases 57.7Purchases 58.8Purchases GPGSTOC% GDP Index Govt GPGSTOC% &61.3 GDP Invest Index Govt GPGSTOC% &61.1 GDP Invest Index Govt GPGSTOC% &66.2 GDP Invest Index Govt GPGSTOC% &68.8 GDP Invest Index Govt GPGSTOC% &57.3 GDP Invest Index Govt US51.7 GDPUS Govt &55.6 GDP Invest Purchases Govt US &63.9 GDP Invest US Govt &65.2 GDP Invest Purchases Govt US &61.7 GDP Invest US Govt & GDP Invest Govt US &61.8 GDP Invest US Govt &58.8 GDP Invest Purchases Govt & Invest& 2.3 2.3 2.3 2.2 2.4 2.4 2.4 2.6 2.4 2.3 2.5 2.5 2.6 2.8 2.6 2.7 2.8 2.5 2.6 2.6 2.6 2.7 2.6 2.6 2.8 2.8 2.7 2.7 2.7 2.7 3.1 3.2 3.1 3.1 3.2 3.1 3.2 3.3 3.1 3.2 3.1 3.2 3.4 3.3 3.2 3.4 3.3 3.1 3.3 3.1 3.2 3.3 3.1 3.2 3.3 3.1 3.2 3.3 3.3 3.3 2.9 US GDP 3Index 2.9Purchases 3 US 3Index 3.1 US 3.1 US 3Index 2.9Purchases 3.2 US 3.1Purchases 3.3 US 3Purchases 3Purchases 3.1Purchases 3Purchases 3.2Purchases 3.2Purchases GPGSTOC% Govt GPGSTOC% & GDP Invest Govt3Purchases GPGSTOC% & 3.1 GDP Invest Index Govt3Purchases GPGSTOC% & GDP Invest Govt GPGSTOC% & 3.1 GDP Invest Index Govt GPGSTOC% & 3.2 GDP Invest Index Govt3Purchases US 3.2 GDPUS Govt & GDP Invest Govt3Purchases US & 3.1 GDP Invest US Govt & GDP Invest Govt US & 3.1 GDP Invest US Govt & GDP Invest Govt US & 3.2 GDP Invest US Govt & 3.2 GDP Invest Purchases Govt & Invest& 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20.5 -38.6 -4.8 -4.3 5.3 59.4 47 211.5 12.6 -12.8 30.6 38.9 2 -8.8 11.2 66.7 -9.4 -44.5 -36.9 -70.8 11.6 34.4 -22.1 -24.4 7 30 -6 -41.2 4.8 4.8 128.5 US 201.7 198.3Purchases 201.9 US 185.9 240.8Purchases 195.4 US 261.6 156.7Purchases 262.1 US 289.7 255Purchases 293.7 US 128.9 152.5Purchases 99.1 US 127.8Purchases 104.5 148Purchases 275.8 209.1 176.5Purchases 198.4 153.6 124.3Purchases 133.8 188.3 188.3Purchases GPGSTOC% GDP Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% & GDP Invest Index Govt GPGSTOC% &87.8 GDP Invest Index Govt US73.3 GDPUS Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt & Invest& 2.1 2.1 2.2 2.2 2 2.3 1.9 1.9 1.7 1.8 1.8 1.4 1.6 1.8 1.7 1.3 1.5 1.3 1.3 1.4 1.3 1.5 1.8 1.9 2 1.8 1.8 2 2 2 0.1 US GDP 0Index 0.3Purchases 0.3 US 0.3Purchases -0.1 US 0.2Purchases 0.2 US 0.2Purchases 0.2 US 0.2Purchases -0.1 US 0.1Purchases 0.1Purchases 0.3Purchases 0Purchases 0.1Purchases 0.2Purchases GPGSTOC% Govt GPGSTOC% & 0.1 GDP Invest Index Govt GPGSTOC% & 0.1 GDP Invest Index Govt GPGSTOC% &-0.1 GDP Invest Index Govt GPGSTOC% & 0.2 GDP Invest Index Govt GPGSTOC% & 0.3 GDP Invest Index Govt US-0.1 GDPUS Govt & 0.2 GDP Invest Purchases Govt US & 0.3 GDP Invest US Govt & 0.3 GDP Invest Purchases Govt US & 0.3 GDP Invest US Govt & GDP Invest Govt US & 0.1 GDP Invest US Govt & 0.2 GDP Invest Purchases Govt & Invest& 2 2 2 2 2.2 2.2 2.2 2 2 2 2 2 2 1.9 1.9 1.9 1.7 1.7 1.7 2 2 2 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.8 11.4 -1.4 -0.6 -3.4 6.4 -0.5 -1.9 11.8 -4.3 -4.3 -1.3Purchases 0.6Purchases -0.1Purchases 2.3Purchases -0.7Purchases 1.7Purchases 3.1Purchases -1.7Purchases 0.5Purchases 0.5Purchases GPGSTOC% US GDP Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt US GDPUS Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt US & GDP Invest US Govt & GDP Invest Purchases Govt & Invest&
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USA - ECONOMIC INDICATORS - II/II Indicator
F-10 M-10 A-10 M-10 J-10 J-10 A-10 S-10 O-10 N-10 D-10 J-11 F-11 M-11 A-11 M-11 J-11 J-11 Leading Indicator OECD Leading Indicator (index) 103.90 US 104.17 104.30 104.33 104.29 104.28 104.35 104.49 104.71 104.99 105.28 105.56 105.77 105.89 105.89 105.81 105.66 105.49 GPGSTOC% GDP Index Govt Purchases & Invest Conf. Board Leading Indicator 84.5 86 86.6 86.7 86.7 87 87.1 87.7 87.6 88.4 89.5 89.4 90.1 91.2 91.1 91.8 91.7 92.3 Conf. Board Leading Indicator (yoy %) 6.6 10.3 10.7 10.2 9.2 8.6 7.7 7.5 6.7 6.6 6.5 5.7 6.6 6 5.2 5.9 5.8 6.1 Conf. Board Leading Indicator (mom %) -0.1 US 1.8 0.7Purchases 0.1 & Invest 0 0.3 0.1 0.7 -0.1 0.9 1.2 -0.1 0.8 1.2 -0.1 0.8 -0.1 0.7 GPGSTOC% GDP Index Govt Leading Indicator Components Average Work Week (hrs) 40.4 41 41.2 41.4 41 41.1 41.2 41.3 41.2 41.3 41.3 41 41.3 41.5 41.4 41.5 41.4 41.4 Jobless Claims (000's) 484.8 468 459.5 461.3 460.1 458.6 473.8 448.4 449.1 427.3 422.4 435 405 402.6 425.9 421.5 418 408.1 New Orders - Consumers Index 115.7 119 119.5 119.6 119.7 123.9 124.5 125.9 122.6 125.7 125.8 125.1 122.5 127.5 123.4 124.5 124.2 126.2 Vendor Delivery Performance (% mthly) 60 64.1 59.8 60.6 57.7 58 55.9 53.8 52.3 58.1 56.7 58.6 59.4 63.1 60.2 55.7 56.3 50.4 New Orders - Capital Index 40.56 37 41.12 40.52 41.3 41.35 40.73 46.04 45.02 41.22 39.44 41.93 43.85 45.93 43.38 45.68 44.43 46.13 Building Permits (000's) 650 687 637 575 587 579 580 563 558 560 632 576 542 583 581 618 636 621 Stock Prices (S&P 500 Index) 1089 1152 1197 1125 1083 1080 1087 1122 1172 1199 1242 1283 1321 1304 1332 1338 1287 1325 M2 Money Supply Index in 1996 $'s ($ Bn adj)" 7703 7685 7705 7751 7782 7761 7772 7794 7825 7845 7862 7890 7897 7907 7921 7951 8026 8148 10-Year T-Note - Fed Funds (%) 3.56 3.57 3.65 3.22 3.02 2.83 2.51 2.46 2.35 2.57 3.11 3.22 3.42 3.27 3.36 3.08 2.91 2.93 Consumer Expectations Index 68.4 US67.9 66.5Purchases 68.8 &69.8 62.9 60.9 61.9 64.8 67.5 69.3 71.6 57.9 61.6 69.5 64.7 55.9 GPGSTOC% GDP Index Govt Invest 62.3 Housing Market Housing Starts (000's saar) 604 636 687 583 536 546 599 594 543 545 539 630 517 600 554 561 608 623 Building Permits (000's saar) 650 687 637 575 587 579 580 563 558 560 632 576 542 583 581 618 636 621 New Home Sales (000's saar) 336 381 422 280 305 283 282 317 291 287 326 307 270 300 310 305 301 296 Existing Home Sales (Mn saar) 4.27 4.49 4.82 4.88 4.45 3.45 3.68 3.84 3.83 4.02 4.27 4.45 4.15 4.24 4.15 4.13 4.19 4.15 Existing Home Sales (mom % saar) 11.49 5.15 7.35 1.24 -8.81 -22.47 6.67 4.35 -0.52 4.96 6.22 4.22 -6.74 2.17 -2.12 -0.48 1.45 -0.95 Pending Home Sales (mom % sa) 4.37 US3.37 9.58Purchases -28.94 & -2.16 0.62 0.24 5.24 3.01 0.34 0.56 -2.01 0.34 -5.1 5.97 2.82 0.22 GPGSTOC% GDP Index Govt Invest 5.45 NAHB Housing Market Index (sa) 17 US GDP 15Index 19Purchases 22 & Invest 16 14 13 13 15 16 16 16 16 17 16 16 13 15 GPGSTOC% Govt MBA Mortgage Applications (weekly % chg sa) 14.6 1.3 4 0.9 8.8 1.3 2.7 -0.8 -5 -16.5 2.3 11.3 -6.5 -7.5 4 -4 -2.7 7.1 Mortgage Delinquencies (% of Total Loans sa) 9.47 US 10.06 10.06Purchases 10.06 &9.85 9.85 9.13 9.13 9.13 8.25 8.25 8.25 8.32 8.32 8.32 8.44 8.44 GPGSTOC% GDP Index Govt Invest 9.85 S&P/Case-Shiller Composite, 20-City Home Price IndexGPGSTOC% (yoy 0.66%)US2.34 3.81Purchases 4.63 &4.24 1.63 0.43 -0.85 -1.64 -2.4 -3.12 -3.48 -3.98 -4.24 -4.49 -4.39 -4.02 GDP Index Govt Invest 3.16 Consumer Spending Retail Sales (yoy % sa) 0.1 2.2 0.6 -0.5 -0.1 0.1 0.7 0.7 1.4 0.6 0.6 0.6 0.8 1.2 0.5 0 0.8 0.2 Retail Sales ex-Autos (yoy % sa) 0.7 1 0.5 -0.9 0 -0.3 0.9 0.6 1.1 0.8 0.7 0.3 0.8 1.3 0.8 0.5 0.5 0.1 ICSC Chain Store Sales (yoy % nsa) 0.7 US 0.7 0.7Purchases 0.7 & 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 GPGSTOC% GDP Index Govt Invest 0.7 Total Vehicle Sales (units Mn sa) 10.1 11.5 11.1 11.7 11.4 11.7 11.9 11.7 12.2 12.2 12.5 12.5 12.8 12.8 12.9 11.9 11.7 12.4 Domestic Vehicle Sales (units Mn sa) 7.74 US8.83 8.67Purchases 9.13 &8.79 9.01 8.94 9.28 9.3 9.56 9.57 9.78 9.73 10.03 9.21 9.1 9.73 GPGSTOC% GDP Index Govt Invest 8.99 Consumer Confidence Conference Board Index (sa) 46.4 52.3 57.7 62.7 54.3 51 53.2 48.6 49.9 57.82 63.4 64.8 72 63.8 66 61.7 57.6 59.2 U. of Mich. Consumer Confidence Index 73.6 73.6 72.2 73.6 76 67.8 68.9 68.2 67.7 71.6 74.5 74.2 77.5 67.5 69.8 74.3 71.5 63.7 ABC Consumer Confidence Index -50 US -45 -49Purchases -44 & -41 -45 -45 -47 -45 -44 -41 -40 -47 -45 -47 -44 -47 GPGSTOC% GDP Index Govt Invest -48 Personal Sector Personal Income (yoy % sa) 1.4 2.7 3.5 2.8 4.2 4.8 5.3 5.2 5.6 5.3 5.3 6.4 6.5 6.1 5.7 5.1 5.1 5 Personal Income (mom % sa) 0.2 US 0.6 0.7Purchases 0.6 & 0.2 0.5 0 0.4 0.2 0.7 1.9 0.4 0.1 0.3 0 0.2 0.1 GPGSTOC% GDP Index Govt Invest 0.2 Personal Expenditure (yoy % sa) 0.6 1.4 1.7 1.8 1.9 1.8 1.3 2.5 2.7 3.2 2.8 3.1 3.1 3 3 2.6 2.4 2.8 Personal Expenditure (mom % sa) 0.3 US 0.5 0.1Purchases 0.2 & Invest 0 0.1 0.5 0.1 0.4 0.4 0.2 0.2 0.3 0.3 0 -0.1 -0.2 0.5 GPGSTOC% GDP Index Govt Personal Savings Rate (%) 4.6 4.6 5.3 5.7 5.8 5.6 5.4 5.2 4.9 4.6 4.9 5.5 5.2 4.6 4.5 4.4 4.7 4.2 Consumer Credit Net Monthly Chg. ($ Bn) -9.66 3.151 -6.081 -10.07 -3.064 -1.967 0.627 3.96 8.447 1.79 118.5 -2.755 12.31 7.214 4.468 8.401 10.59 15.84 GPGSTOC% US GDP Index Govt Purchases & Invest External Sector Current Account Bal. ($ Bn sa) -109.4 -115.4 -120.5 -104.2 -104.2 -116.6 -116.6 -116.6 -118.9 -118.9 Trade Balance ($ Bn sa) -40.97 -40.08 -40.94 -41.36 -46.86 -41.22 -45.48 -44.57 -40.67 -38.51 -41.5 -47.8 -45.21 -43.38 -42.13 -47.44 -50.98 -45.46 Exports (yoy %) 13.6 18 18.5 20.7 17.9 18.6 18.7 15 15.8 16.1 15.4 17 15.2 17.3 19.4 15.9 14.4 16.1 Imports (yoy %) 19.9 US21.8 22.5Purchases 27.9 & Invest 28 19.9 23.8 18 16.6 13.3 13.9 19.4 14.1 15.4 15.8 15.7 13.1 14.9 GPGSTOC% GDP Index Govt Import Price Index (yoy % nsa) 11.3 11.2 11.2 8.5 4.3 4.9 3.8 3.6 3.9 4.1 5.3 5.6 7.6 10.3 11.9 12.9 13.6 13.7 Import Price Index (mom % nsa) -0.1 US 0.4 1.1Purchases -0.8 &-1.2 0 0.4 0 1.1 1.7 1.4 1.5 1.7 3 2.6 0.1 -0.6 0.1 GPGSTOC% GDP Index Govt Invest Net Long-Term TIC Flows ($ Bn) 49.35 139.7 77.63 31.9 42.99 59.44 126.5 75.44 29.39 84.36 61.31 48.57 21.66 13.92 21.75 21.36 2.26 1.985 Total Net TIC Flows ($ Bn) 18.87 US -3.576 9.308Purchases 18.3 -9.107 1.7 29.97 59.39 34.2 91.48 137.4 60.88 -27.3 -23.09 -76.03 GPGSTOC% GDP Index Govt & Invest74.32 19.39 85.62 Government Sector Gov't Budget Balance ($ Bn nsa) -220.9 US -65.39 -82.69 -135.9 -68.42 GPGSTOC% GDP Index Govt Purchases & Invest -165 -90.53 -34.61 -140.4 -150.4 -78.13 -49.8 -222.5 -188.2 -40.39 -57.64 -43.08 -129.4 Monetary Sector M1 Money Supply (yoy %) 8.5 8.4 5.4 5.8 4.3 3.8 5.4 6.1 6.1 8.7 8.3 10.7 10.3 10.4 11.9 13.4 13 16.1 M2 Money Supply (yoy %) 2.4 US 1.6 1.9Purchases 1.9 & 1.9 2.8 3 3.2 3.3 3.5 4.5 4.4 5 5.2 5.3 6 8 GPGSTOC% GDP Index Govt Invest 2.1 Financial Sector Fed Funds Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 3-Month T-Bill Rate (%) 0.11 0.15 0.15 0.15 0.17 0.14 0.13 0.15 0.11 0.16 0.12 0.15 0.13 0.09 0.04 0.05 0.01 0.09 10-Year Treasury Yield (%) 3.61 3.83 3.65 3.28 2.93 2.91 2.47 2.51 2.60 2.80 3.29 3.37 3.43 3.47 3.29 3.06 3.16 2.80 Equity Market (S&P 500 Index) 1104 1169 1187 1089 1031 1102 1049 1141 1183 1181 1258 1286 1327 1326 1364 1345 1321 1292 US$ Major Currency Index 75.50 US 75.18 75.37Purchases 78.45 79.01 71.93 US 70.74 69.48Purchases 69.57 69.48 GPGSTOC% GDP Index Govt & Invest76.72 75.90 74.94 72.26 72.78 73.74 72.87 GPGSTOC% GDP Index Govt & Invest69.04
A-11
S-11
O-11
N-11
D-11
J-12
F-12
M-12
A-12
M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13
M-13
A-13
M-13
J-13
J-13
105.38 105.39 105.54 105.82 106.15 106.47 106.73 106.89 106.98 107.01 107.04 107.11 107.24 107.45 107.69 107.94 108.20 108.44 108.67 108.87 108.87 108.87 108.87 108.87 91.3 90.9 91.5 91.6 92.2 92.2 92.9 93.1 92.9 93.3 92.7 93.1 92.7 93.2 93.4 93.4 93.7 94.1 94.6 94.3 95.1 95.2 95.2 95.2 4.8 3.6 4.5 3.6 3 3.1 3.1 2.1 2 1.6 1.1 0.9 1.5 2.5 2.1 2 1.6 2.1 1.8 1.3 2.4 2 2 2 -1.1 -0.4 0.7 0.1 0.7 0 0.8 0.2 -0.2 0.4 -0.6 0.4 -0.4 0.5 0.2 0 0.3 0.4 0.5 -0.3 0.8 0.1 0.1 0.1 41.3 407.5 125.4 50.6 48.67 647 1185 8292 2.2 47.6
41.4 408.3 124.8 51.4 46.85 610 1174 8295 1.9 49.4
41.5 401.6 126.3 51.3 45.27 671 1207 8341 2.08 51.7
41.5 387.8 128.3 49.9 48.88 706 1226 8385 1.93 54.9
41.6 380.3 130.3 49.9 48.88 697 1243 8385 1.91 63.6
41.8 382.3 126.3 49.9 48.88 714 1301 8385 1.89 69.1
41.8 367.9 127.1 49.9 48.88 739 1352 8385 1.87 70.3
41.6 365.7 127.7 49.9 48.88 785 1389 8385 2.04 69.8
41.7 379.2 128.3 49.9 39.34 749 1386 8385 1.91 72.3
41.6 376 128.1 49.9 40.21 806 1341 8385 1.64 74.3
41.6 380.8 126.7 49.9 39.04 785 1323 8385 1.46 67.8
41.7 368.6 128.5 49.9 36.77 839 1360 8385 1.37 65.6
41.6 371 127.1 49.9 37.12 827 1403 8385 1.55 65.1
41.5 374 127.8 49.9 37.53 921 1443 8385 1.58 73.5
41.5 368.8 128.3 49.9 37.53 908 1438 8385 1.59 79
41.6 402.9 130.2 49.9 37.53 933 1395 8385 1.49 77.7
41.8 364.4 128.4 49.9 37.53 943 1422 8385 1.56 63.8
41.7 356.9 128 49.9 37.53 915 1480 8385 1.77 66.6
41.9 350.5 129.4 49.9 37.53 952 1512 8385 1.83 70.2
41.8 355 127.1 49.9 37.53 890 1551 8385 1.82 70.8
41.8 342.8 129.3 49.9 37.53 1005 1571 8385 1.61 67.8
41.8 352.5 129.3 49.9 37.53 974 1640 8385 1.82 75.8
41.8 352.5 129.3 49.9 37.53 974 1640 8385 1.82 75.8
41.8 352.5 129.3 49.9 37.53 974 1640 8385 1.82 75.8
585 647 299 4.41 6.27 -0.22 15 -9.6 8.44 -3.72
650 610 304 4.34 -1.59 -2.52 14 -4.3 7.99 -3.6
610 671 316 4.35 0.93 3.71 17 0.2 7.99 -3.57
711 706 328 4.4 1.15 2.82 19 -11.7 7.99 -3.88
694 697 341 4.37 -0.68 0.21 21 -4.1 7.58 -4.07
723 714 338 4.51 3.2 1.79 25 -2.9 7.58 -3.95
713 739 366 4.52 0.22 -0.07 28 -0.3 7.58 -3.57
707 785 349 4.46 -1.33 2.26 28 4.8 7.4 -2.59
754 749 352 4.53 1.57 -2.77 24 0.1 7.4 -1.77
711 806 369 4.59 1.32 4.29 28 -1.3 7.4 -0.49
757 785 360 4.41 -3.92 -0.18 29 -6.7 7.58 0.61
741 839 369 4.6 4.31 2.61 35 0.2 7.58 1.18
749 827 374 4.84 5.22 -0.8 37 -2.4 7.58 1.99
854 921 384 4.78 -1.24 0.98 40 16.6 7.4 3
864 908 365 4.83 1.05 0.94 41 -4.8 7.4 4.27
842 933 398 4.96 2.69 -0.44 45 4.5 7.4 5.52
983 943 396 4.9 -1.21 -1.95 47 -10.4 7.09 6.93
898 915 458 4.94 0.82 3.85 47 -8.1 7.09 8.11
969 952 445 4.95 0.2 -1.05 46 -3.8 7.09 9.32
1005 890 451 4.94 -0.2 1.54 44 -4 7.25 10.85
856 1005 466 4.97 0.61 -0.47 41 1.8 7.25 12.05
914 985 476 5.18 4.23 6.75 44 -11.5 7.25 12.05
914 985 476 5.18 4.23 6.75 52 -11.7 7.25 12.05
914 985 476 5.18 4.23 6.75 52 -11.7 7.25 12.05
0.1 0.5 0.7 12.4 9.8
0.7 0.2 0.7 13.1 10.2
1.2 1 0.7 13.3 10.33
0.3 0.2 0.7 13.5 10.46
-0.4 -0.6 0.7 13.5 10.59
0.7 1.1 0.7 13.9 10.88
1.3 1.2 0.7 14.4 11.18
0.7 0.8 0.7 14.1 10.94
-0.3 -0.3 0.7 14.1 10.95
-0.1 -0.2 0.7 13.9 10.88
-0.9 -1 0.7 14.3 11.27
0.7 0.8 0.7 14.05 11
1.2 1 0.7 14.46 11.54
1.1 0.9 0.7 14.88 11.49
0 0.4 0.7 14.22 11.1
0.4 -0.1 0.7 15.46 12.01
0.3 0.1 0.7 15.3 11.97
0.1 0.3 0.7 15.23 12.08
1.1 1 0.7 15.33 11.99
-0.3 -0.3 0.7 15.22 12
0.1 0 0.7 14.88 11.76
0.6 0.3 0.7 15.24 11.95
0.6 0.3 0.7 15.89 12.43
0.6 0.3 0.7 15.89 12.43
45.2 55.7 -49
46.4 59.4 -53
40.9 60.9 -53
55.2 64.1 -50
64.8 69.9 -48
61.1 75 -45
71.6 75.3 -39
69.5 76.2 -35
68.7 76.4 -38
64.4 79.3 -39
62.7 73.2 -36
65.4 72.3 -40
61.3 74.3 -47
68.4 78.3 -40
73.1 82.6 -35
71.5 82.7 -33
66.7 72.9 -32
58.4 73.8 -38
68 77.6 -33
61.9 78.6 -34
69 76.4 -29
74.3 84.5 -30
81.4 84.1 -28
81.4 84.1 -28
4.4 0 2.1 -0.1 4 -7.473
4.6 0.1 2.4 0.4 3.5 9.995
4.5 0.3 2.3 0.2 3.6 5.918
4 -0.2 1.9 0 3.2 15.96
3.6 0.3 1.7 0 3.4 12.95
2.6 0.9 1.8 0.3 3.7 12.7
2.9 0.7 1.9 0.4 3.5 11.92
3.2 0.5 1.6 0 3.7 10.6
2.9 0 1.8 0.2 3.5 12.39
3 0.1 1.9 0 3.9 19.88
3.1 0.3 2 -0.1 4.1 7.854
3.1 0.2 1.9 0.3 3.9 4.224
3.3 0.1 1.9 0 3.7 18.62
3.6 0.4 1.9 0.5 3.3 9.836
3.6 0.4 1.5 -0.2 3.7 16.24
5.4 1.4 1.9 0.5 4.7 14
8.2 3 2.1 0.2 7.4 14.2
2.6 -4.4 1.9 0.1 2.2 13.14
3.1 1.2 1.7 0.3 2.6 19.19
2.8 0.2 2 0.3 2.6 8.408
2.9 0.1 1.7 -0.1 3 10.87
3.3 0.5 1.8 0.2 3.2 19.62
3.3 0.5 1.8 0.2 3.2 19.62
3.3 0.5 1.8 0.2 3.2 19.62
-118.9 -105.6 -105.6 -105.6 -116.6 -116.6 -116.6 -120.8 -120.8 -120.8 -110.5 -110.5 -110.5 -106.7 -106.7 -106.7 -102.3 -102.3 -102.3 -106.1 -106.1 -106.1 -106.1 -106.1 -44.67 -44.55 -46.08 -47.78 -51.35 -51.39 -43.76 -47.79 -46.63 -46.25 -42.43 -43.45 -44.01 -41.57 -42.65 -46.42 -38.31 -42.69 -43.84 -37.13 -40.15 -45.03 -45.03 -45.03 15.8 16.1 11.7 9.3 7.8 6.8 9.3 7 4.7 4.6 7 2.2 1.2 3.1 1.2 3.9 5.3 4 2.8 -0.7 1.8 1.5 1.5 1.5 11.8 12.5 12.1 12.1 11 6.9 6.6 7.6 5.9 3.1 1.6 0.8 0.7 1.2 -0.6 2.5 -1.5 -0.7 2.3 -5.1 -1.4 0.7 0.7 0.7 12.9 12.7 11.1 10.1 8.5 6.9 5.1 3.5 0.8 -0.8 -2.5 -3.3 -1.8 -0.6 0 -1.4 -2 -1.5 -0.6 -2.1 -2.7 -1.9 -1.9 -1.9 -0.4 -0.1 -0.4 0.7 0 0 0 1.4 -0.1 -1.5 -2.3 -0.7 1.2 1 0.3 -0.7 -0.6 0.5 0.9 -0.1 -0.7 -0.6 -0.6 -0.6 57.93 76.44 14.31 67.97 20.91 112.1 7.584 37.33 40.33 90.13 15.37 80.74 91.73 9.772 7.813 54.6 63.84 26.38 -13.06 -13.44 -37.34 -37.34 -37.34 -37.34 100.7 75.15 -34.56 41.22 101.9 -3.679 97.33 -41.77 8.695 134.1 22.01 81.3 63.34 10.7 -42.98 22.49 21.72 96.15 62.15 2.113 12.68 12.68 12.68 12.68 -134.1 -62.75 -98.47 -137.3 -85.97 -27.41 -231.7 -198.2
59.12 -124.6 -59.74
-69.6 -190.5
75.18
-120 -172.1
-0.26
2.883 -203.5 -106.5
112.9 -138.7 -138.7 -138.7
20.9 10.1
20.4 9.9
20.3 9.6
18.3 9.7
17.7 9.7
18.7 10.4
18.1 10.1
17.6 9.9
18.4 9.8
16.6 9.7
16.1 9.2
15.7 8
10.8 6.3
11.8 6.7
13 7.3
11.4 7.2
13.2 8
12 7.6
11.8 6.9
10.8 6.9
12 7.1
12 6.9
12 6.9
12 6.9
0.25 0.01 2.22 1219 69.01
0.25 0.02 1.92 1131 71.14
0.25 -0.02 2.11 1253 71.57
0.25 0.00 2.07 1247 72.21
0.25 0.01 1.88 1258 73.22
0.25 0.05 1.80 1312 73.35
0.25 0.08 1.97 1366 72.26
0.25 0.07 2.21 1408 72.91
0.25 0.09 1.91 1398 72.79
0.25 0.07 1.56 1310 73.92
0.25 0.08 1.64 1362 75.03
0.25 0.10 1.47 1379 75.22
0.25 0.07 1.55 1407 74.24
0.25 0.09 1.63 1441 72.58
0.25 0.11 1.69 1412 72.74
0.25 0.08 1.62 1416 73.60
0.25 0.04 1.76 1426 73.10
0.25 0.07 1.98 1498 73.54
0.25 0.10 1.88 1515 74.57
0.25 0.07 1.85 1569 76.20
0.25 0.05 1.67 1598 76.18
0.25 0.03 2.13 1631 76.90
0.25 0.03 2.49 1606 76.20
0.25 0.04 2.62 1652 77.83
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
EUROZONE - ECONOMIC INDICATORS - I/II Indicator Real GDP (yoy %) Real GDP (qoq % sa) Nominal GDP (â‚Ź Tld) Domestic Demand (yoy %) Household Consumption (yoy %) Gross Fixed Capital Formation (yoy %) Gov't Spending (yoy %) Consumer Price Index (yoy %) CPI ex-Food & Energy (yoy %) CPI Estimate (yoy %)
F-10 M-10 A-10 M-10 J-10 J-10 National Accounts 1 2.3 0.4 1 2260 2288 GPGSTOC% US GDP Index Govt Purchases & Invest
Consumer Prices 0.8 1.6 1.6 1.7 1.5 1.7 0.8 US1.2 0.9 Purchases 0.9 GPGSTOC% GDP Index Govt &1Invest 1
Consumer Price Index (mom %) CPI ex-Food & Energy (mom %) PPI Finished Goods (yoy %) PPI ex-Const. & Energy (yoy %) PPI Intermediate Goods (yoy %) PPI Manufacturing (yoy %)
Producer Prices -0.6 0.7 2.4 2.8 2.9 4 -0.3 0.2 1.1 1.7 2 2.1 0.1 1.6 3.7 5.1 5.5 5.7 1.4 US2.6 3.5 Purchases 3.8 3.4 3.6 GPGSTOC% GDP Index Govt & Invest
Unemployment Rate (%) Labor Costs (yoy %) Industrial Production (yoy %) Industrial Production (mom %) Industrial New Orders (yoy %) Industrial New Orders (mom % sa) Construction Output WDA (yoy %) Construction Output (mom % sa) Capacity Utilization (% sa) Euro-Area Bus. Climate Index Euro-Area Bus Climate Index (12-mo mov. avg.) ZEW Survey (Econ. Sentiment Index)
S-10
0 Purchases & Invest 2 GPGSTOC% US GDP Index Govt 0.7 0.9 -4.4 0.4 1.4 0.9 GPGSTOC% US GDP Index Govt Purchases & Invest
0.9 US1.5 1.5 Purchases 1.6 1.4 1.7 GPGSTOC% GDP Index Govt & Invest 0.3 1.1 0.4 0.1 0 -0.4 0.4 US1.1 0.2 Purchases 0.1 -0.6 GPGSTOC% GDP Index Govt &0Invest
Producer Price Index (mom %) PPI ex-Const. & Energy (mom %)
A-10
0.1 0.6 0.8 0.3 0.4 0.3 0.1 US0.2 0.5 Purchases 0.4 0.2 0.1 GPGSTOC% GDP Index Govt & Invest Labor Market 10.1 US 10.1 10.2 10.2 10.1 10.1 GPGSTOC% GDP Index Govt Purchases & Invest
O-10
N-10
D-10
J-11
F-11 M-11
A-11 M-11
J-11
J-11
A-11
S-11
O-11
N-11
D-11
J-12
F-12 M-12
A-12 M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13 M-13
A-13 M-13
J-13
J-13
2.3 0.4 2304
2.2 0.4 2315
2.5 0.7 2341
1.7 0.2 2354
1.4 0.1 2363
0.7 -0.3 2363
-0.1 -0.1 2369
-0.5 -0.2 2373
-0.7 -0.1 2378
-0.9 -0.6 2371
-1.1 -0.3 2379
-1.1 -0.3 2379
1.5
1.7
1.8
0.9
0.5
-0.6
-1.6
-2.3
-2.5
-2.3
-2.2
-2.2
1.2 1.1 0.7
1.2 1.2 0
1 3.5 0.2
0.3 1.2 0.1
0.3 0.6 -0.4
-1 0.6 -0.3
-1.1 -2.8 -0.2
-1.2 -4.1 -0.4
-1.6 -4.5 -0.4
-1.5 -5.3 -0.5
-1.3 -5.9 -0.5
-1.3 -5.9 -0.5
1.6 1
1.9 1.2
1.9 1.1
1.9 1.1
2.2 1
2.3 1.1
2.4 1
2.7 1.3
2.8 1.6
2.7 1.5
2.7 1.5
2.6 1.2
2.5 1.2
3 1.6
3 1.6
3 1.6
2.7 1.6
2.7 1.5
2.7 1.5
2.7 1.6
2.6 1.6
2.4 1.6
2.4 1.6
2.4 1.7
2.6 1.5
2.6 1.5
2.5 1.5
2.2 1.4
2.2 1.5
2 1.3
1.8 1.3
1.7 1.5
1.2 1
1.4 1.2
1.6 1.2
1.6 1.2
1.6
1.8
1.9
1.9
2.2
2.4
2.4
2.6
2.8
2.7
2.7
2.5
2.5
3
3
3
2.8
2.7
2.7
2.6
2.6
2.4
2.4
2.4
2.6
2.7
2.5
2.2
2.2
2
1.8
1.7
1.2
1.4
1.6
1.6
0.2 0.3
0.3 0.4
0.3 0.3
0.1 -0.1
0.6 0.4
-0.7 -1.6
0.4 0.4
1.4 1.4
0.6 0.5
0 0
0 0.1
-0.6 -0.9
0.2 0.3
0.7 0.8
0.4 0.3
0.1 -0.1
0.3 0.4
-0.8 -1.7
0.5 0.4
1.3 1.5
0.5 0.5
-0.1 0
-0.1 0.1
-0.5 -0.8
0.4 0.2
0.7 0.8
0.2 0.2
-0.2 -0.1
0.4 0.5
-1 -1.8
0.4 0.3
1.2 1.7
-0.1 0
0.1 0.2
0.1 0
0.1 0
3.6 2.3 5.7 3.2
4.2 2.6 6.1 3.9
4.1 2.9 6.3 4
4.4 3.1 6.6 4.2
5.1 3.4 7.1 5
5.6 3.9 8 5.4
6.2 4.4 8.7 6.1
6.4 4.6 8.5 6.4
6.5 4.5 7.6 6.2
6.1 4.3 6.8 5.6
5.7 4.1 6.4 5.4
6 4.1 6.4 5.8
5.8 3.9 5.9 5.4
5.7 3.6 5.2 5.2
5.7 3.3 4.5 4.9
5.5 3 3.7 4.6
4.5 2.6 3 3.6
4.2 2.1 1.8 3.3
4.1 1.7 1.3 3
3.9 1.6 1.1 2.7
3 1.4 0.7 2.1
2.8 1.2 0.6 1.8
2.3 1 0.1 1.1
2 0.9 -0.3 1.1
3 1.1 0.1 2.2
2.9 1.4 0.5 2.3
2.7 1.6 1 2.3
2.3 1.6 1.1 1.8
2.3 1.7 1.2 1.7
1.7 1.5 0.8 1.2
1.3 1.3 0.4 1
0.6 1 0 0.2
-0.2 0.6 -0.7 -0.5
-0.1 0.5 -1.1 -0.2
-0.1 0.5 -1.1 -0.2
-0.1 0.5 -1.1 -0.2
0.1 0.3
0.3 0.4
0.1 0.2
0.4 0.2
0.8 0.3
1.2 0.9
0.7 0.6
0.7 0.4
1 0.5
-0.1 0.2
0 0.1
0.6 0.1
-0.1 0.1
0.2 0.1
0.1 -0.1
0.2 -0.1
-0.2 -0.1
0.9 0.4
0.6 0.3
0.5 0.3
0.2 0.2
-0.3 0
-0.4 -0.1
0.3 0
0.9 0.3
0.1 0.3
0 0.1
-0.2 -0.1
-0.2 0
0.4 0.2
0.2 0.1
-0.2 0
-0.6 -0.2
-0.3 -0.1
-0.3 -0.1
-0.3 -0.1
10.1
10.1
10.2
10.1
10.1
10
9.9
9.9
9.9
9.9
10
10.1
10.2
10.3
10.4
10.6
10.7
10.8
10.9
11
11.2
11.3
11.4
11.4
11.5
11.6
11.7
11.8
11.9
12
12.1
12.1
12.1
12.2
12.2
12.2
1.6 US1.8 1.8 Purchases 1.8 1.7 1.7 GPGSTOC% GDP Index Govt & Invest Economic Activity 4.2 7.6 9 8.9 8.4 7.9 -0.6 US1.6 0.7 Purchases 2 -0.1 GPGSTOC% GDP Index Govt &0Invest
1.7
1
1
1
1.5
1.5
1.5
1.8
1.8
1.8
2.4
2.4
2.4
2.2
2.2
2.2
2.2
2.2
2.2
1.4
1.4
1.4
1.7
1.7
1.7
1.7
1.7
1.7
1.3
1.3
1.3
1.6
1.6
1.6
1.6
1.6
9 0.3
6 0.7
7.2 0.8
8.2 0.9
9.1 0.6
5.8 -0.5
7.8 0.8
6 -0.2
5.1 -0.3
4.1 0.5
2.1 -1.1
3.7 1.2
5.1 0.4
1.6 -1.6
0.2 -0.2
-0.6 0
-1.9 -0.9
-1.9 -0.3
-1.9 0.6
-2.1 -0.5
-2.7 -0.7
-2.4 0.6
-1.9 -0.7
-2.4 0.5
-1.5 0.7
-2.6 -2.1
-3.1 -0.6
-4 -0.7
-2 0.6
-2.5 -0.6
-3.2 0.3
-1.4 0.9
-0.6 0.4
-0.6 0.4
-0.6 0.4
-0.6 0.4
11.5 19.1 21.7 22.7 20.9 13.1 0.8 US5.3 2.4 Purchases 0.9 -1.5 GPGSTOC% GDP Index Govt &3Invest
22.7 3.6
13.6 -0.8
16.1 1.1
19.6 2.4
18.3 1.1
20.5 1.3
21 1
14.4 -1
11.1 -0.4
13.4 2.6
10.3 1.2
8.9 -3.7
5.9 1.1
1.5 -4.9
0.9 0.5
-2.3 -0.9
-0.3 3.2
-4.3 -2.6
-6.1 -0.4
-6.1 2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-6.1 -1.2
-12.1 -5.4 -8.2 -7.8 1 -9.7 -10.3 -9 -6.9 -2.5 4.7 -0.6 -1.2 9.2 -10 -0.6 -0.1 0.3 70.6 US 72.2 72.2 72.2 75.8 75.8 75.8 77.1 77.1 GPGSTOC% GDP Index Govt Purchases & Invest Business Conditions -0.56 -0.22 0.2 0.28 0.31 0.55 0.62 0.68 0.89 -2.11 US -1.82 -1.51 -1.21 -0.93 -0.66 -0.44 -0.22 -0.01 GPGSTOC% GDP Index Govt Purchases & Invest
-7.6 -1.8 77.1
-5.8 -5.6 77.9
-5.8 7.3 77.9
0.6 1.6 77.9
-6.7 -1.6 80.1
-3 0.4 80.1
-1 -11.6 1.3 -3.3 80.1 81.6
2 1.7 81.6
1.6 -0.4 81.6
0.5 0 80.7
-1.7 -1.5 80.7
0.7 1.5 80.7
7.4 -0.9 79.8
-3.2 -14.3 -0.3 -9.3 79.8 79.8
-2.9 9.6 80
-6.6 -2.3 80
-8.4 -0.3 80
-2.7 0.4 80
-5.5 0 80
-1.8 0.9 80
-5 -2.7 78.1
-3.8 0.2 78.1
-4.8 -0.8 78.1
-4.2 -0.2 77.2
-9.6 -2.4 77.2
2.3 0.3 77.2
-7.3 -1.8 77.5
-6.6 2 77.5
-6.6 2 77.5
-6.6 2 77.5
-6.6 2 77.5
0.93 0.17
1.26 0.35
1.4 0.53
1.44 0.7
1.4 0.83
1.29 0.92
1.01 0.98
0.96 1.04
0.52 1.03
0.17 1
0.01 -0.12 -0.34 -0.23 0.94 0.86 0.75 0.63
13.8
15.5
25.4
29.5
31
19.7
13.6
-5.9
-7
Economic Confidence Index Industrial Confidence Index Services Confidence Index
40.2 US 37.9 46 Purchases 37.6 18.8 10.7 GPGSTOC% GDP Index Govt & Invest 95.8 97.9 100.3 98.3 99.2 101.3 -12.7 -9.5 -7.5 -6.1 -5.1 -3.5 -0.9 US0.3 4.6 Purchases 1.1 2.1 4.7 GPGSTOC% GDP Index Govt & Invest
15.8
4.4
1.8
Sentix Total Econ. Sentiment Index
-8.23 US -7.48 2.515 -6.38 -4.13 -1.28 8.217 7.624 8.785 GPGSTOC% GDP Index Govt Purchases & Invest
102 103.7 104.7 105.9 107.2 106.9 108.3 107.6 106.4 105.7 105.3 103.1 -2.7 -1.3 0.5 1.7 5 5.8 6.6 6.3 5.5 3.6 3 0.6 4.5 7.2 8 9 9.4 8.9 10.6 10.8 9.6 8.2 8.8 7.2 14 9.729
10.6
-0.1 -0.04 -0.18 -0.39 -0.66 -0.83 -1.15 -1.09 -1.24 -1.54 -1.11 -1.03 -1 -0.67 -0.8 -1.04 -0.75 -0.68 -0.68 0.5 0.38 0.25 0.11 -0.03 -0.18 -0.32 -0.43 -0.53 -0.65 -0.71 -0.78 -0.86 -0.91 -0.96 -1.01 -1.02 -1.01 -1.01
-40 -44.6 -51.2 -59.1 -54.1 -32.5
-8.1
11
99 -2.8 4
95.4 -5 -1.8
95.4 -6.9 -0.1
95.5 -5.9 0.1
95.1 -6.7 -0.2
94.4 -7 -1.8
16.7 17.07 14.22 10.88 3.484 5.307 -13.5 -15.4 -18.5 -21.2
93.6 -6.9 -3
94.1 -6.4 -2.2
13.1
-2.4 -20.1 -22.3 -21.2
-3.8
-1.4
-2.6
7.6
31.2
42.4
33.4
24.9
93.9 91.8 91.2 88.9 87.3 86 85.4 86.9 88 89.7 90.4 90.1 88.6 -8.6 -10.8 -12.2 -14.4 -14.9 -15.5 -17.8 -14.7 -13.8 -13.4 -11.1 -12.3 -13.8 -2.2 -4.7 -6.7 -8.7 -10.5 -12.5 -12 -11.4 -9.8 -7.9 -8.5 -7 -11.1
27.6
30.6
30.6
89.5 91.3 91.3 -13 -11.2 -11.2 -9.2 -9.5 -9.5
-24 -21.1 -11.1 -8.22 -14.7 -24.5 -28.9 -29.6 -30.3 -23.2 -22.2 -18.8 -16.8 -6.97 -3.89 -10.6 -17.3 -15.6 -11.6 -12.6
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
EUROZONE - ECONOMIC INDICATORS - II/II Indicator
F-10 M-10
A-10 M-10
J-10
J-10
A-10
S-10
O-10
N-10
D-10
J-11
F-11 M-11
A-11 M-11
J-11
J-11
A-11
S-11
O-11
N-11
D-11
J-12
F-12 M-12
A-12 M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13 M-13
A-13 M-13
J-13
J-13
Leading Indicator OECD Euro Area Lead. Indicator
105.3 US 105.5 105.6 105.7 105.8 105.9 GPGSTOC% GDP Index Govt Purchases & Invest
DZ Bank Leading Indicator
94.09 94.66 94.91 94.55 94.55 95.03 95.31 95.47 95.68 95.96 96.45 96.83 97.51 97.53 97.22 96.76
106 106.2 106.3 106.5 106.6 106.7 106.8 106.7 106.6 106.4 106.2 105.9 105.6 105.3 105.1 104.9 104.9 104.8 104.8 104.7 104.7 104.6 104.4 104.3 104.2 104.2 104.2 104.3 104.4 104.6 104.8 104.9 104.9 104.9 104.9 104.9 96.4 95.97 94.75 94.08 94.02 93.78
DZ Bank Leading Indicator (yoy %)
3.35 US 4.92 4.06 3.3 2.47 2.3 GPGSTOC% GDP Index Govt Purchases & Invest
1.97
2.08
1.77
2
2.59
2.87
3.64
3.03
2.44
2.34
1.96
3640
3650
3658
3675
3683
3707
3725
3728
3757
3767
3780
3795
3799
3799
7.2 US9.9 7 Purchases 11.6 15.3 14.9 GPGSTOC% GDP Index Govt & Invest
4.6
11.3
13.6
3.2
30.5
14
3.3
30.8
7.6
11
14.3
1.4
1.7
94.1 94.28 94.89 94.48 94.14 93.87 93.76 93.52 93.55 93.73 93.24
93.5
93.7
94.2 94.02 94.07 93.85
1 -0.58 -1.46 -1.73 -2.27 -2.43 -2.64 -2.69 -3.12 -3.17 -2.99 -2.74 -2.55 -1.27 -0.37 -0.83 -0.31 -0.43 -0.08 -0.91 -0.44
-0.3
94.4 94.55 94.55 0.56
0.84
0.84
3771
3777
3784
3782
3780
3786
3790
3793
3806
3809
3810
3816
3816
3822
3831
3831
3834
3838
3836
3831
3831
3831
9.8 -18.9
4
6.1
-2.9
-0.6
6.8
4.7
1.1
14.5
2.3
1.1
6.6
1.3
4.5
8.3
1.6
0.8
3
-0.5
-4
-4
-4
Housing Market Lending for House Purch. (€ Bn) Lending for House Purch. Transactions (€ Bn)
3565
3576
3583
3597
3627
3810
Retail Sales Retail Sales (yoy % sa) Bloomberg Retail PMI Retail Trade Confidence (% bal.) Passenger Cars (yoy %) EU-25 New Car Registr. (yoy %)
-0.5 US1.3 -0.5 Purchases 1 0.7 GPGSTOC% GDP Index Govt & Invest 1
1.6
0.9
0.8
1.4
-0.5
1.1
1.6
-1.1
1.2
-1.4
-0.4
-0.1
0.1
-0.9
-0.3
-1.1
-1.4
-1.1
-2.2
0
-3.5
-0.7
-1
-1.5
-0.8
-1.9
-3.2
-2
-2.8
-1.8
-1.7
-2
-1
-0.1
-0.1
-0.1
52.4
49.7
48.7
48
51.3
52.9
55.8
49.9
53.5
52.2
48.8
48.8
48.2
48
49.6
50.2
46
43.9
42.9
47.9
49.1
41.3
43.3
48.3
46.4
44.4
47.1
45.3
45.8
44.5
45.9
44.5
43.7
44.2
46.8
49.1
49.1
-9.1 US-10 -3.4 Purchases -6.7 -5.4 -4.2 GPGSTOC% GDP Index Govt & Invest
-3.7
-1
-1
-1.2
4
-0.7
-0.3
-1.5
-1.9
-2.5
-2.6
-3.6
-8.8
-9.8
-9.9 -11.2 -12.1 -15.4 -13.9 -11.9 -10.9
7 -10.1 -13.7 -10.8 -21.4 -15.6 -12.2 -18.4
-9.3
-3.2
-0.2
0.8
-4.6
-3.6
8.6
-8.6
-1.8
8.2
1.5
-1.9
-3.1
-4.7
-9.9 -11.8 -10.7
-8.7 -12.2
-4.2 -11.1
-9.7 -18.5
-8.8 -14.1
-7.2
-3.5
-1.2
1.3
-4.7
-3.4
7.5
-7.7
-1.9
7.6
1.1
-1.4
-3.2
-6.4
-7.8
-6.8
-2.9
-8.9 -10.8
-4.8 -10.3 -16.3
44.6 3.1
46.9
47.2
47.4
50.4
2.8 US 10.9 -7.5 Purchases -9.2 -6.6 -18.9 -13.2 GPGSTOC% GDP Index Govt & Invest
-9.6 -16.6
-9.8
-7
-18 -14.3 -14.9 -17.1 -18.4 -17.3 -14.8 -15.9 -15.5 -16.1 -17.1 -18.4 -16.7 -14.4 -14.4 -8.6
-7.8
-20 -12.8 -12.1 -15.9 -8.7 -10.5 -10.2
-1.1
-9
-9
-9
1.7
-5.9
-5.9
-5.9
Consumer Confidence Consumer Confidence Index
-17.4 US -17.4 -15.1 -17.9 -17.4 -14.2 -11.6 -11.3 -11.2 GPGSTOC% GDP Index Govt Purchases & Invest
-9.8 -11.4 -11.5 -10.2 -10.9 -11.9 -10.1
-9.9 -11.4 -16.7 -19.2
-20 -20.4 -21.2 -20.6 -20.1 -18.9 -19.7 -19.1 -19.6 -21.3 -24.4 -25.7 -25.5 -26.7 -26.3 -23.9 -23.6 -23.5 -22.3 -21.9 -18.8 -18.8
Personal Sector Consumer Credit (£ Bn)
620.8 621.4 622.5
622
649 645.9 644.4 642.5 641.4 642.1 640.7 633.8 630.7 633.7 635.2 633.2 632.9 629.4 630.6 629.6
Consumer Credit Transactions, Monthly
-3.8 US2.4 -0.2 Purchases -1 6.4 GPGSTOC% GDP Index Govt & Invest-2
-1.6
-0.4
-0.6
0.2
-0.9
-4.9
-2.8
7.7 -16.8
1.6
1.3
-1.9
0.3
-3.6
-1.5
0.5
629
627 628.5
624 618.8 617.6 617.9 618.7 617.1 611.2 607.3 604.9 603.6 599.8 604.3
-0.7
-1.8
-3.3
-4.6
0.2
-0.8
1
0.4
-5.6
22.1 -12.4
1.9
-3.6
-0.9
-0.9
-2
2.3
598 592.3 590.9 591.1 590.4 590.4 590.4 -5
-5.3
-0.9
1.2
-1.3
-1.3
-1.3
External Sector Current Account Bal. (€ Bn nsa)
-3.8
0.9
Current Account Bal. (€ Bn sa)
-2.1
-1.4
Current Account (% of GDP) Trade Balance (€ Mn nsa)
4.2
8.3
-4.1
-1.6
6.5
-3.1
-3.3
-2.5
-2.2
-3.6
0.7 US-0.7 -0.7 Purchases -0.7 -0.4 -0.4 GPGSTOC% GDP Index Govt & Invest
-0.4
0.4
0.4
1766
-2.4 -11.5 -3.2
2059
-4.8
-623 -4965 838.9
5259 -5903 548.6 -567
0
-5.5
1
0.3
3.4
-1.4
0.8
3.7
9.1
-3.4
9.8
1.3
-3.2
17.4
14.3
8.4
5
11.6
20.8
29
-5.6
11.5
24.9
15.3
15.3
15.3
15.3
-3.5
-5.1
1.7
-3.4
-1.4
-1.5
-1.7
0.6
0
-0.9
7.3
6.4
6
6.5
8.5
8
9.4
10.8
10.8
12.3
11.7
10
12.6
13.6
15.3
14.6
25.9
19.5
19.5
19.5
19.5
0.8
0.8
-0.8
-0.8
-0.8
-0.6
-0.6
-0.6
0.3
0.3
0.3
1.5
1.5
1.5
-0.1
-0.1
-0.1
0.8
0.8
0.8
1.7
1.7
1.7
2.5
2.5
2.5
1.3
1.3
1.3
1.3
1.3
3346 -2146 -1583 ##### -2953 889.5 -4723 -1400
-271
1808 -6048
761 -1205
4474
7396 -9421
1209
6905
3286
6596 12881 13834
4635
8548
-933 -2577 -3763 -1041 -4651 -4628 -2471
-770 -1400
4403 703.6
3972
3799
6114
8773 10159
-6.1 -11.3 0.4
0.8
2341 -3142 -3074 -3379
-5 -13.9
Trade Balance (€ Bn sa)
3785 US -1791 -598 -3714 -3497 -1928 -2824 GPGSTOC% GDP Index Govt Purchases & Invest
3086
5910
Exports (€ Tld)
110.3 135.8 121.7 122.3 138.8 138.3 120.9 138.1 140.2 141.5 135.1 125.3 135.6 158.7 139.6 149.7 144.4 146.1 137.9 151.9 148.2 155.8
148
Imports (€ Tlr)
108.5 US 133.7 122.3 127.3 138 133.1 126.8 137.6 136.8 143.6 136.7 141.8 138.5 157.8 144.4 151.1 144.7 144.3 143.9 151.1 149.4 151.4 140.6 148.5 GPGSTOC% GDP Index Govt Purchases & Invest
139 150.2 165.6 147.9 159.1
8511
6150
9198 13142 10457 -4906 6658 10338 10128
9782 22483 14901 14901 14901 14901
8877 12185 18110 16067 16067 16067 16067
162 162.5 152.3 153.8 169.8 164.5 143.5 146.4 148.6 165.4 161.3 161.3 161.3 161.3
149 158.7 144.7 152.5 149.1 148.7 147.7 145.2 160.6 151.4 133.1 151.3 138.8
143 146.4 146.4 146.4 146.4
Government Sector Yearly Gov't Budget Balance (% of GDP) Yearly Gov't Debt (% of GDP)
-6.4 80
GPGSTOC% US GDP Index Govt Purchases & Invest Monetary Sector
M1 Money Supply (yoy %)
11.3
10.5
10.2
10.2
8.9
8.7
7.7
6.3
5.2
4.5
4.1
3.2
2.9
3.1
2.2
1.2
1.4
1.2
1.6
1.8
1.9
2
2.2
2.2
2.2
2.9
2.1
3.3
3.6
4.6
5
5.5
6
6.4
6.4
6.4
7.2
7.1
8.5
8.2
8.2
8.2
M2 Money Supply (yoy %)
1.6
1.4
1.2
1.4
1.3
1.7
1.9
2
2.1
2.2
2.1
2.2
2.3
2.7
2.6
2.3
2.4
2.2
2.3
2.4
1.9
1.9
2
2.2
2.6
3.1
2.4
2.8
3.1
3.3
3.1
3.3
4.1
4.5
4.4
4.3
4.3
4.2
4.8
4.7
4.7
4.7
M3 Money Supply (yoy %)
-0.3
-0.2
-0.4
-0.1
0
0.1
0.9
0.8
1.1
1.4
1.1
1.4
1.6
1.8
1.5
1.5
1.3
1.3
1.7
1.7
1.3
1.5
1.6
2
2.5
2.8
2.4
2.9
3
3.5
2.8
2.7
3.9
3.8
3.5
3.4
3.1
2.5
3.2
2.9
2.9
2.9
-0.2 US-0.2 -0.2 Purchases -0.1 0.1 GPGSTOC% GDP Index Govt &0Invest
0.5
0.8
1
1.4
1.6
1.7
1.8
2
2.1
2.2
2
2.1
2.3
2.6
2.8
2.5
2
2
2.3
2.7
2.7
2.9
3
3.2
3.1
3
3.1
3.4
3.7
3.6
3.4
3
2.9
2.9
2.9
2.9
1
1
1
1
1
1
1
1
1.25
1.25
1.25
1.5
1.5
1.5
1.5
1.25
1
1
1
1
1
1
1
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.75
0.5
0.5
0.5
M3 Three-Month Avg. (yoy %)
Financial Sector ECB Refi Rate (%)
1
1
1
1
1
1
3-Month Euribor Rate (%)
0.656 0.634 0.663 0.701 0.767 0.896 0.886 0.892 1.045 1.028 1.006 1.074 1.094 1.239 1.385 1.433 1.547 1.609 1.542 1.554 1.591 1.473 1.356 1.125 0.983 0.777 0.708 0.668 0.653 0.389 0.278
10-Year Gov't Bond Yield (%)
3.101 3.092 3.017
2.66 2.577 2.669 2.116 2.275 2.518
2.67 2.963 3.155
3.17 3.354 3.239
3.02 3.025 2.538 2.219 1.887 2.025
2.28 1.829 1.787 1.818 1.794 1.663
Stock Prices (Euro Stoxx 50 Index)
2728
2610
2651
3013
3011
2862
2849
2670
2330
US$/Euro Exchange Rate
1.363 1.351
1.33 1.231 1.224 1.305 1.268 1.363 1.395 1.298 1.339 1.369 1.381 1.416 1.481
1.44
1.45
1.44 1.438 1.339 1.386 1.345 1.296 1.308 1.333 1.334 1.324 1.236 1.266
Euro Major Currency Index
99.81 US 99.59 98.05 94.05 91.24 94.08 91.86 96.21 96.97 92.92 93.69 94.92 GPGSTOC% 94.8 US 97.64 99.27 96.67 98.13 95.14 95.76 93.13 94.57 93.03 90.69 90.39 92.12 92.14 90.86 87.79 88.96 86.38 87.49 88.43 89.48 90.29 91.51 GPGSTOC% GDP Index Govt Purchases & Invest GDP Index Govt Purchases & Invest
2931
2817
2573
2742
2623
2748
2845
2793
2954
2911
2302
2180
2385
2317
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
2417
2512
2477
2306
0.22 0.197 0.191 0.187 0.232 0.209 0.211 0.207
1.2 1.583 1.285 1.334 1.442 1.462 1.386 1.316 2119
2265
2326
2441
2454
2504
2575
2636
0.2 0.218 0.217
1.68 1.454 1.289 1.216 1.505 1.728 1.627 2703
2634
2624
2712
1.23 1.258 1.286 1.296 1.299 1.319 1.358 1.306 1.282 1.317
2770
2603
2664
1.3 1.301 1.279
95.2 93.75 92.61 94.47 94.88
95 94.81
JAPAN - ECONOMIC INDICATORS - I/III Indicator Real GDP (yoy % nsa) Real GDP Annualized (qoq % saar) Real GDP (qoq % sa) Nominal GDP (yoy %) Private Demand (yoy % nsa) Priv. Demand Contrib. to Chg. in GDP (% sa) Public Demand (yoy % nsa) Pub. Demand Contrib. to Chg. in GDP (%) GDP Deflators (yoy %) Consumer Price Index (yoy %) CPI ex-Fresh Food (yoy %) CPI ex-Food & Energy (yoy %) National CPI (yoy %) Nat'l CPI ex-Fresh Food (yoy %) Nat'l CPI ex-Food & Energy (yoy %) Corp. Services Price Index (yoy %) Corp. Services Price Index (mom %) Corporate Goods Price Index (yoy %) Corporate Goods Price (mom %) Corp. Goods Export Prices (yoy %) Corp. Goods Import Prices (yoy %) Unemployment Rate (% sa) Jobs-to-Applicants Ratio (sa) Employment Index (sa) Labor Force Participation Rate (%) Avg. Monthly Cash Earnings (짜 10,000) Cash Earnings (yoy %) Real Wage Earnings Index Industrial Production (yoy % nsa) Industrial Production (mom % sa) Producer's Inventory/Shipment Ratio (sa) Vehicle Production (yoy %) Machine Orders (yoy %) Machine Orders (mom %) Machine Tool Orders (yoy %) All Industry Activity Index (sa) All Industry Activity Idx (mom % sa) Tertiary Industry Index (sa) Tertiary Industry Index (mom % sa) Capital Spending (qoq %) Capital Spending ex-Software (qoq %) Bank Lending (yoy %) Adjusted Bank Lending (yoy %) Bank Lending ex-Trusts (yoy %) Corporate Loans Outstanding (yoy %) Bankruptcies (cases) Bankruptcies (yoy %)
F-10 M-10 A-10 M-10 J-10 J-10 A-10 S-10 National Accounts -0.5 4.9 4.9 4.9 4.4 4.4 4.4 6 7.6 5.5 5.5 5.5 4 4 4 6.1 1.9 US 1.3 1.3 Purchases 1.3 1 1.5 GPGSTOC% GDP Index Govt & 1Invest 1 -2.8 US 2.4 2.4 Purchases 2.4 2.1 2.1 3.9 GPGSTOC% GDP Index Govt & Invest2.1 -4.3 0.6 0.6 0.6 2.9 2.9 2.9 5.9 1 US 0.8 0.8 Purchases 0.8 1.1 1.1 1.3 GPGSTOC% GDP Index Govt & Invest1.1 5 3.7 3.7 3.7 1.9 1.9 1.9 1.2 0.2 US GDP 0Index 0 Purchases 0 -0.1 -0.1 -0.1 0.1 GPGSTOC% Govt & Invest -2.4 US-2.4 -2.4 Purchases -2.4 -2.2 -2.2 -2.2 -2 GPGSTOC% GDP Index Govt & Invest Consumer Prices -1.8 -1.7 -1.5 -1.4 -1 -1.2 -1 -0.6 -1.8 -1.8 -1.9 -1.5 -1.3 -1.3 -1.1 -1 -1.3 US-1.2 -1.4 Purchases -1.4 -1.4 -1.4 -1.4 -1.3 GPGSTOC% GDP Index Govt & Invest -1.1 -1.1 -1.2 -0.9 -0.7 -0.9 -0.9 -0.6 -1.2 -1.2 -1.5 -1.2 -1 -1.1 -1 -1.1 -1.1 US-1.1 -1.6 Purchases -1.6 -1.5 -1.5 -1.5 -1.5 GPGSTOC% GDP Index Govt & Invest Producer/Wholesale Prices -1.4 -1.3 -1.3 -1 -1.3 -1.4 -1.4 -1.4 0.2 US 0.5 -0.6 Purchases -0.1 0.1 -0.4 -0.3 -0.1 GPGSTOC% GDP Index Govt & Invest -1.6 -1.3 -0.2 0.4 0.5 -0.1 0 -0.1 0 US GDP 0Index 0.3 Purchases 0 -0.3 -0.1 0 GPGSTOC% Govt & Invest 0 1.2 -2.3 -0.7 -1.2 -3.4 -4.2 -6.7 -5 9.9 US GDP 6Index 12.3 Purchases 15.3 9.3 2.1 3.2 GPGSTOC% Govt & Invest 5 Labor Market 5 5.1 5.1 5.1 5.1 5 5 5.1 0.46 0.48 0.49 0.5 0.52 0.53 0.54 0.55 99.8 99.9 99.8 99.9 99.9 100 100.1 100.2 58.9 US 59.4 60 Purchases 60.1 59.9 59.7 59.9 60.2 GPGSTOC% GDP Index Govt & Invest 26.43 27.6 27.63 26.86 43.91 36.8 27.51 26.8 -0.9 0.8 1.5 0 1.8 1.3 0.2 0.9 99.5 US 100.3 101.3 99.5 100.3 100.1 99.6 99.8 GPGSTOC% GDP Index Govt Purchases & Invest Economic Activity 28.8 29.2 23.8 19.1 16.3 14.8 16.3 12.8 0.4 0.2 1.1 -0.2 -0.8 1.1 0.4 1.6 103 US 97.4 97.6 Purchases 99.8 97.8 97.7 98.3 GPGSTOC% GDP Index Govt &98Invest 74.9 US 71.2 50.8 Purchases 30.6 25.9 16.8 20.8 11.4 GPGSTOC% GDP Index Govt & Invest -4.1 2.5 12.7 8.3 3.9 17.7 25.5 4.1 -5 4.3 3.6 -2 -7.3 10.4 6.4 -8.8 217.4 US 262.2 220.9 192.5 139.5 144.9 170 113.6 GPGSTOC% GDP Index Govt Purchases & Invest 95.1 94.9 95.8 95.8 96 97.1 96.6 96.2 -0.1 -0.2 0.9 0 0.2 1.1 -0.5 -0.4 97.4 96.3 97.8 97.5 97.6 98.3 98.4 98 -0.4 US-1.1 1.6 Purchases -0.3 0.1 0.1 -0.4 GPGSTOC% GDP Index Govt & Invest0.7 -17.3 -11.5 -11.5 -11.5 -1.7 -1.7 -1.7 5 -18.5 US -12.9 -12.9 -12.9 -1.5 -1.5 -1.5 4.8 GPGSTOC% GDP Index Govt Purchases & Invest -1.5 -1.9 -1.8 -2 -2 -1.8 -1.9 -1.8 -1.4 -1.7 -1.7 -1.9 -1.9 -1.7 -1.7 -1.6 -1.6 -2 -1.9 -2.1 -2.1 -1.9 -2 -1.8 -3.31 US -3.17 -3.4 Purchases -3.53 -4.14 -4.17 -4.27 -3.99 GPGSTOC% GDP Index Govt & Invest 1090 1314 1154 1021 1148 1066 1064 1102 -17.3 US -14.5 -13.2 -15.1 -19.3 -23.1 -14.3 -4.58 GPGSTOC% GDP Index Govt Purchases & Invest
O-10
N-10
D-10
J-11
J-11
A-11
S-11
O-11
N-11
D-11
J-12
F-12
M-12
A-12
M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13
M-13
A-13
M-13
J-13
J-13
6 6.1 1.5 3.9 5.9 1.3 1.2 0.1 -2
6 6.1 1.5 3.9 5.9 1.3 1.2 0.1 -2
3.3 -1.2 -0.3 1.3 3.9 -0.3 -0.2 0 -2
3.3 -1.2 -0.3 1.3 3.9 -0.3 -0.2 0 -2
F-11
3.3 0 0 0 -1.6 -1.6 -1.2 -7.9 -7.9 -7.9 -3.3 -3.3 -0.3 US GDP -2Index -2 Purchases -2 -0.8 -0.8 GPGSTOC% Govt & Invest 1.3 US-1.9 -1.9 Purchases -1.9 -3.7 -3.7 GPGSTOC% GDP Index Govt & Invest 3.9 0.9 0.9 0.9 -0.6 -0.6 -0.3 US-1.5 -1.5 Purchases -1.5 0.1 GPGSTOC% GDP Index Govt & Invest0.1 -0.2 -1.2 -1.2 -1.2 0.8 0.8 0 US-0.2 -0.2 Purchases -0.2 0.1 GPGSTOC% GDP Index Govt & Invest0.1 -2 US GDP -2Index -2 Purchases -2 -2.1 -2.1 GPGSTOC% Govt & Invest
M-11
A-11
M-11
J-11
-1.6 -3.3 -0.8 -3.7 -0.6 0.1 0.8 0.1 -2.1
-0.5 11.2 2.7 -2.4 0 1.8 0.3 0 -1.9
-0.5 11.2 2.7 -2.4 0 1.8 0.3 0 -1.9
-0.5 11.2 2.7 -2.4 0 1.8 0.3 0 -1.9
-0.3 0.8 0.2 -1.8 1.5 1 -0.7 -0.1 -1.5
-0.3 0.8 0.2 -1.8 1.5 1 -0.7 -0.1 -1.5
-0.3 0.8 0.2 -1.8 1.5 1 -0.7 -0.1 -1.5
3.4 4.8 1.2 2.3 4.7 0.5 3 0.6 -1
3.4 4.8 1.2 2.3 4.7 0.5 3 0.6 -1
3.4 4.8 1.2 2.3 4.7 0.5 3 0.6 -1
3.9 -0.6 -0.2 2.9 4.1 -0.2 3.5 0.3 -1
3.9 -0.6 -0.2 2.9 4.1 -0.2 3.5 0.3 -1
3.9 -0.6 -0.2 2.9 4.1 -0.2 3.5 0.3 -1
0.2 -3.6 -0.9 -0.6 1 -0.5 4.4 0.2 -0.8
0.2 -3.6 -0.9 -0.6 1 -0.5 4.4 0.2 -0.8
0.2 -3.6 -0.9 -0.6 1 -0.5 4.4 0.2 -0.8
0.4 1.2 0.3 -0.3 -0.1 0.1 5.9 0.2 -0.7
0.4 1.2 0.3 -0.3 -0.1 0.1 5.9 0.2 -0.7
0.4 1.2 0.3 -0.3 -0.1 0.1 5.9 0.2 -0.7
0.4 4.1 1 -0.6 0 0.5 3.9 0.1 -1.1
0.4 4.1 1 -0.6 0 0.5 3.9 0.1 -1.1
0.4 4.1 1 -0.6 0 0.5 3.9 0.1 -1.1
0.4 4.1 1 -0.6 0 0.5 3.9 0.1 -1.1
0.4 4.1 1 -0.6 0 0.5 3.9 0.1 -1.1
0.3 -0.5 -0.6 0.2 -0.6 -0.8
0.2 -0.5 -0.6 0.1 -0.5 -0.9
-0.1 -0.4 -0.5 0 -0.4 -0.7
-0.5 -0.5 -0.7 -0.7 -0.6 -0.6 0.1 -0.8 -0.8 -0.8 -0.5 -0.4 -0.4 -0.1 -1 GPGSTOC% -0.9 US GDP -1Index -1 Purchases -0.6 -0.7 -0.4 Govt & Invest -0.6 -0.5 -0.5 -0.4 -0.4 -0.4 0.2 -0.8 -0.8 -0.7 -0.2 -0.1 -0.2 0.1 -1.3 GPGSTOC% -1.3 US-1.4 -1.1 Purchases -0.8 -0.8 -0.5 GDP Index Govt & Invest
-0.2 -0.2 -0.6 0.2 0.2 -0.5
-0.3 -0.1 -0.4 0 0.2 -0.4
-0.5 -0.4 -1 -0.2 -0.1 -1
-0.9 -0.5 -1.2 -0.5 -0.2 -1.1
-0.4 -0.3 -1.1 -0.2 -0.1 -1.1
-0.2 -0.4 -1.1 0.1 -0.1 -0.9
-0.2 -0.3 -1.1 0.3 0.1 -0.6
-0.1 -0.3 -1 0.5 0.2 -0.5
-0.3 -0.5 -1 0.4 0.2 -0.3
-0.5 -0.8 -1.3 0.2 -0.1 -0.6
-0.6 -0.6 -1 -0.2 -0.2 -0.6
-0.8 -0.6 -1 -0.4 -0.3 -0.6
-0.7 -0.5 -0.9 -0.4 -0.3 -0.5
-0.7 -0.4 -1.1 -0.3 -0.1 -0.6
-0.8 -0.4 -1 -0.4 0 -0.5
-0.5 -0.5 -0.9 -0.2 -0.1 -0.5
-0.6 -0.6 -1 -0.1 -0.2 -0.6
-0.5 -0.5 -0.9 -0.3 -0.2 -0.7
-0.9 -0.6 -1 -0.7 -0.3 -0.9
-1 -0.5 -0.8 -0.9 -0.5 -0.8
-0.6 -0.3 -0.7 -0.7 -0.4 -0.6
-0.2 0.1 -0.3 -0.3 0 -0.4
0 0.2 -0.4 -0.3 0 -0.4
0 0.2 -0.4 -0.3 0 -0.4
-1.4 0 0.9 -0.1 -4.7 2.5
-1.2 0.1 0.9 -0.1 -3.2 4.4
-1.3 -0.2 1.2 0.5 -2.1 4.4
-1.1 -1 -1.1 -0.9 -1.1 -0.9 -0.6 -0.3 GPGSTOC% 0.3 US 0.4 -0.4 Purchases -0.3 0.3 -0.1 GDP Index Govt & Invest 0.6 0.7 1.3 1.8 1.6 1.9 2.2 0.4 GPGSTOC% 0.1 US 0.6 0.8 Purchases -0.2 GDP Index Govt & 0Invest0.3 -3.5 -2.1 -2.2 -2.8 -2.9 -2.3 -0.7 2.6 GPGSTOC% 4.5 US 7.2 7 Purchases 7.1 10.4 GDP Index Govt & 8Invest
-0.6 -0.3 2.2 -0.1 -0.7 10.9
-0.3 0.2 2 -0.2 -0.9 9.3
-0.2 0.1 1.3 -0.8 -1.2 10.2
-0.4 -0.1 1.3 -0.1 -2.7 7.3
-0.1 0.1 0.8 0 -3.9 5.6
-0.4 -0.6 0.3 -0.1 -4.7 1.6
-0.6 0.1 0.4 0.2 -3.7 2
-0.1 0.9 0.3 0.5 -0.4 6.2
0.2 -0.1 -0.7 -0.2 -2.9 1.1
0 -0.5 -0.9 -0.4 -3.6 -2.2
-0.4 -0.1 -1.5 -0.6 -4.3 -3.4
-0.3 0 -2.3 -0.5 -4.4 -6
-0.3 -0.3 -2 0.2 -2.6 -4.2
-0.5 0 -1.5 0.3 -2.2 -0.9
-0.8 -0.2 -1.1 -0.4 -0.5 -0.4
-0.6 0.1 -1.1 -0.1 1.2 1.1
-0.4 0.3 -0.7 0.4 3.7 3.3
-0.2 -0.4 -0.4 0.2 9 10.8
0 0.3 -0.1 0.5 10.5 13.2
-0.2 0.7 -0.5 0.1 7.6 8.2
-0.3 -0.2 0.1 0.4 8.9 9.6
0.3 0.1 0.5 0 13.5 14.2
0.3 0.1 1.2 0.1 13.5 14.2
0.3 0.1 1.2 0.1 13.5 14.2
5.1 5 4.9 4.5 4.5 4.7 4.7 4.6 4.7 4.7 4.5 4.2 4.5 4.5 4.5 4.2 4.3 4.5 4.5 4.4 4.3 4.3 4.2 4.3 4.2 4.2 4.3 4.2 4.3 4.1 4.1 4.1 4.1 4.1 0.56 0.58 0.59 0.6 0.62 0.62 0.61 0.61 0.62 0.64 0.65 0.67 0.69 0.71 0.72 0.74 0.75 0.76 0.79 0.8 0.81 0.81 0.81 0.81 0.81 0.82 0.83 0.85 0.85 0.86 0.89 0.9 0.9 0.9 100.3 100.2 100.2 100.5 100.5 100.6 100.4 100.4 100.6 100.7 100.7 100.7 100.8 100.9 100.9 101 101.1 101.2 101.1 101.3 101.5 101.3 101.3 101.3 101.6 101.5 101.7 101.6 101.6 101.6 101.8 101.9 101.9 101.9 59.9 59.4 59.1 58.9 GPGSTOC% 59 US GDP 59Index 59.7 Purchases 59.7 59.6 59.4 59.3 59.4 59.4 59.2 58.9 58.6 58.7 58.7 59.4 59.5 59.4 59.2 59.1 59.3 59.4 59.1 58.5 58.6 58.8 58.9 59.6 59.7 59.7 59.7 Govt & Invest 26.86 27.89 55.09 27.27 26.48 27.54 27.22 27.12 43.61 36.74 27.4 26.7 26.86 27.83 55.16 26.96 26.45 27.75 27.25 26.77 43.33 36.08 27.36 26.52 26.7 27.53 54.06 26.99 26.24 27.48 27.24 26.76 26.76 26.76 0.5 0.1 0 0.2 0.1 -0.2 -1.6 0.9 -0.8 -0.3 -0.5 -0.5 -0.1 -0.2 0 -1.2 0.1 0.9 0.2 -1.1 -0.4 -1.6 0 -0.5 -0.4 -0.8 -1.7 0.1 -0.8 -0.9 0 0 0 0 100.1 100 100.2 98.8 GPGSTOC% 99.3 US 99.6 100.3 98.8 99.9 99.7 99.3 99.5 99.8 99.8 100 98.6 99.6 100.3 100.6 99.2 99.8 99.6 99 99.1 99.5 99.5 99.4 97.9 98.7 99.2 100.4 99 99 99 GDP Index Govt Purchases & Invest 4.8 6.8 5.4 4.4 4 -13.3 -13.4 -5.1 -1.4 -2.6 1 -3 1.5 -2.4 -1.8 0.1 3 16.6 15.1 7.6 -0.6 0.1 -4.1 -7.6 -4.7 -5.5 -7.6 -6 -10.1 -7.2 -3.4 -1 -1 -1 -2.8 1.6 0.6 0.5 0.6 -16.5 2.1 6.8 4.2 1.2 1.7 -0.9 1.8 -2.2 2 0.4 -0.2 -0.2 -0.5 -1.8 -0.8 -0.5 -1.4 -2.2 0.3 -1 1.4 -0.6 0.9 0.1 0.9 2 2 2 104.3 99.6 102.8 103.5 GPGSTOC% 100.6 US 106.3 116.6 120.3 106.2 107.1 106.1 108.2 107.4 108.8 105.5 108.1 103.9 110.9 112.2 110.5 111.7 115.3 115.5 118.5 117.7 117.7 117.7 113.2 110.3 112.8 107.1 104.9 104.9 104.9 GDP Index Govt Purchases & Invest -8.4 -6.7 -5.1 -6.3 GPGSTOC% -5.5 US -57.3 -60.1 -30.9 -13.9 -8.9 1.8 -4.5 20.3 4.5 13.4 18.6 19.7 143.7 173.8 59.5 20.3 16.7 4.5 -12.4 -12.4 -8.4 -17.2 -9.9 -15.1 -16.4 -6.5 -6.2 -6.2 -6.2 GDP Index Govt Purchases & Invest 6.9 12.9 -0.6 5.6 11.5 9.1 -0.2 10.5 17.9 4 2.1 9.8 1.5 12.5 6.3 5.7 8.9 -1.1 6.6 1 -9.9 1.7 -6.1 -7.8 1.2 0.3 -3.4 -9.7 -11.3 2.4 -1.1 -1.1 -1.1 -1.1 3.3 -3.6 1.8 2 2.7 -0.7 -0.2 0.1 7.7 -2.8 0.5 -2.3 -0.6 3.1 -2.5 0.7 2.8 -2.8 5.7 -14.8 5.6 4.6 -3.3 -4.3 2.6 3.9 2.8 -13.1 4.2 14.2 -8.8 -8.8 -8.8 -8.8 71 104.2 64 -6.9 GPGSTOC% 73.9 US 49.6 32.3 Purchases 34 53.5 34.8 15.2 20.1 26 15.8 17.4 -6.9 -8.6 1.6 0.4 -3 -6.8 -6.7 -2.7 -2.8 -6.7 -21.3 -27.5 -26.4 -21.5 -21.5 -23.6 -7.4 -12.4 -12.4 GDP Index Govt & Invest 96.2 96.5 96.6 97.2 97.3 90.9 92.7 94.2 95.6 96.1 96.3 96.2 96.8 95.9 97.5 96.8 96.9 96.7 96.6 96.5 96.6 96.3 96.3 95.9 96.1 95.9 96.4 95.7 96.1 96.3 96.7 96.7 96.7 96.7 0 0.3 0.1 -0.5 0.1 -6.6 2 1.6 1.5 0.5 0.2 -0.1 0.6 -0.9 1.7 -0.7 0.1 -0.2 -0.1 -0.1 0.1 -0.3 0 -0.4 0.2 -0.2 0.5 -0.7 0.4 0.2 0.4 0.4 0.4 0.4 98.2 98.8 98.6 99.1 99.4 94 96 96.9 98.1 98.5 98.6 98.4 99 98.2 99.8 99 99.2 98.9 98.7 99.2 99.2 98.9 99.1 99.1 99.3 99.2 99.4 98.6 99.9 100.1 99.6 100.8 100.8 100.8 0.2 0.6 -0.2 0.5 GPGSTOC% 0.3 US-5.4 2.1 Purchases 0.9 1.2 0.1 -0.2 0.6 -0.8 1.6 -0.8 0.2 -0.3 -0.2 0.5 0 -0.3 0.2 0 0.2 -0.1 0.2 -0.8 1.3 0.2 -0.5 1.2 1.2 1.2 GDP Index Govt & Invest0.4 5 5 3.8 3.8 3.8 3 3 3 -7.8 -7.8 -7.8 -9.8 -9.8 -9.8 7.6 7.6 7.6 3.3 3.3 3.3 7.7 7.7 7.7 2.2 2.2 2.2 -8.7 -8.7 -8.7 -3.9 -3.9 -3.9 -3.9 -3.9 4.8 4.8 4.8 4.8 GPGSTOC% 4.8 US 3.4 3.4 Purchases 3.4 -8.2 -8.2 -8.2 -11 -11 -11 4.9 4.9 4.9 3.5 3.5 3.5 6.6 6.6 6.6 2.4 2.4 2.4 -7.2 -7.2 -7.2 -5.2 -5.2 -5.2 -5.2 -5.2 GDP Index Govt & Invest -2 -2 -2 -1.8 -1.9 -1.7 -1 -0.8 -0.6 -0.6 -0.5 -0.3 0 0.2 0.4 0.6 0.6 0.7 0.2 0.2 0.6 0.7 0.8 0.9 0.8 1 1.1 1.3 1.5 1.5 1.7 1.8 1.9 1.9 -1.8 -1.9 -1.8 -1.6 -1.7 -1.6 -0.7 -0.5 -0.3 -0.3 -0.2 0 0.3 0.5 0.7 0.9 0.9 1 0.4 0.5 0.9 1 1.1 1.2 1.1 1.2 1.4 1.4 1.6 1.7 1.7 1.7 1.7 1.7 -2.1 -2.1 -2.1 -1.9 -2 -1.8 -1 -0.8 -0.6 -0.6 -0.5 -0.3 0.1 0.2 0.5 0.7 0.8 0.9 0.4 0.4 0.8 0.9 1.1 1.2 1.1 1.2 1.4 1.6 1.8 1.9 2.1 2.1 2.2 2.2 -4.5 -4.49 -4.32 -4.37 GPGSTOC% -4.38 US -2.22 -1.83 -2.09 -1.95 -1.73 -1.58 -0.73 -0.75 -0.42 -0.03 -0.06 0.15 -0.4 -0.51 -0.4 0.25 -0.21 0.24 0.26 0.26 0.44 1 1.34 1.42 1.47 1.41 2.06 2.06 2.06 GDP Index Govt Purchases & Invest 1136 1061 1102 1041 987 1183 1076 1071 1165 1081 1026 1001 976 1095 1032 985 1038 1161 1004 1148 975 1026 967 931 1035 964 890 934 916 929 899 1045 897 897 -9.91 -6.27 -2.99 -2.06 GPGSTOC% -9.44 US -9.96 -6.75 4.89 1.48 3.2 -6.35 -5.37 5.16 -1.85 -6.69 7.18 -16.3 -5.08 -5.75 -6.99 6.04 -12 -13.8 -5.17 -11.8 -20 -10.5 -8.97 -8 -8 GDP Index Govt Purchases & Invest1.4 -3.57 -9.16 -14.1
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JAPAN - ECONOMIC INDICATORS - II/III Indicator
A-09 M-09 J-09 J-09 A-09 S-09 Business Conditions Small Business Conf. (ShoJPou ChJPin) Index 42.3 45.8 46.8 46.7 47.4 48.1 Nomurra/JMMA Mfg. PMI 52.5 US 52.4 53.8 Purchases 54.7 53.9 52.8 GPGSTOC% GDP Index Govt & Invest Eco Watch. Survey: Current (index) 42.1 47.4 49.8 47.7 47.5 49.8 Eco Watch. Survey: Outlook (index) 44.8 US GDP 47Index 49.9 Purchases 48.7 48.3 46.6 GPGSTOC% Govt & Invest BSI Bus. Cond. Large All Industry (qoq %) -1.9 -2.4 -2.4 -2.4 4 4 BSI Bus. Cond. Large Mfg. (qoq %) 13.2 4.3 4.3 4.3 10 10 BSI Bus. Cond. Large Non-Mfg. (qoq %) -10.7 US-6.3 -6.3 Purchases -6.3 0.9 GPGSTOC% GDP Index Govt & Invest0.9 Tankan Business Conditions Survey Large Mfg. (% Positive-Negative) -24 -14 -14 -14 1 1 Medium Mfg. (% Positive-Negative) -30 -19 -19 -19 -6 -6 Small Mfg. (% Positive-Negative) -40 US-30 -30 Purchases -30 -18 GPGSTOC% GDP Index Govt & Invest-18 Large Mfg. Outlook (% Positive-Negative) -18 -8 -8 -8 3 3 Medium Mfg. Outlook (% Positive-Negative) -31 -20 -20 -20 -8 -8 Small Mfg. Outlook (% Positive-Negative) -42 US-32 -32 Purchases -32 -19 GPGSTOC% GDP Index Govt & Invest-19 Large Non-Mfg. (% Positive-Negative) -22 -14 -14 -14 -5 -5 Medium Non-Mfg. (% Positive-Negative) -29 -21 -21 -21 -13 -13 Small Non-Mfg. (% Positive-Negative) -35 US-31 -31 Purchases -31 -26 GPGSTOC% GDP Index Govt & Invest-26 Large Non-Mfg. Outlook (% Positive-Negative) -19 -10 -10 -10 -4 -4 Medium Non-Mfg. Outlook (% Positive-Negative) -33 -21 -21 -21 -14 -14 Small Non-Mfg. Outlook (% Positive-Negative) -41 US-37 -37 Purchases -37 -29 GPGSTOC% GDP Index Govt & Invest-29 Employment - Mfg. (% Positive-Negative) 26 20 20 20 14 14 Employment - Non-Mfg. (% Positive-Negative) 9 8 8 8 9 9 Employment - All Industries (% Positive-Negative) 16 US GDP 13Index 13 Purchases 13 GPGSTOC% Govt &11Invest11 Financial Position of All Enterprises (% Positive-Negative) -8 -5 -5 -5 -2 -2 Lending Attitude of Financial Institutions (% Positive-Negative) GPGSTOC% -7 US GDP -4Index -4 Purchases -4 Govt & 0Invest 0 Input Prices - Large Mfg. (qoq % chg) -1 8 8 8 14 14 Input Prices - Small Mfg. (qoq % chg) 3 US GDP 10Index 10 Purchases 10 GPGSTOC% Govt &21Invest21 Net Income - Mfg. (qoq % chg) 309.2 141.1 141.1 141.1 159.1 159.1 Net Income - Non-Mfg. (qoq % chg) 38 28.8 28.8 28.8 34.2 34.2 Net Income - All Industries (qoq % chg) 190.7 US 56.6 56.6 Purchases 56.6 67.4 67.4 GPGSTOC% GDP Index Govt & Invest Fixed Invest. - Mfg. (qoq % chg) -30 -2.7 -2.7 -2.7 2.1 2.1 Fixed Invest. - Non-Mfg. (qoq % chg) -12.6 -9.1 -9.1 -9.1 -4.5 -4.5 Fixed Invest. - All Industries (qoq % chg) -19.8 US-6.9 -6.9 Purchases -6.9 -2.3 -2.3 GPGSTOC% GDP Index Govt & Invest Leading Indicator OECD Leading Indicator 101 101.2 101.3 101.4 101.4 101.5 OECD Leading Indicator (6-mo % chg) -2.2 US-2.2 -2.2 Purchases -2.2 -2.2 -2.2 GPGSTOC% GDP Index Govt & Invest ESRI Leading Eco Indicator 81.8 100 90.9 100 45.5 40.9 ESRI Coincident Eco Indicator 90.9 US 90.9 90.9 Purchases 63.6 63.6 45.5 GPGSTOC% GDP Index Govt & Invest Leading Indicator Components (Business Cycle) Producer's Final Demand Index (sa) 96.1 95.9 96.6 96.8 97.2 97.8 Producer's Inventory/Shipment Ratio (sa) 103 97.4 97.6 99.8 98 97.8 New Job Offers (000's nsa) 540.5 600.8 552.1 498 568.2 578 New Machinery Orders (yoy %) -4.1 2.5 12.7 8.3 3.9 17.7 Floor Area Housing Starts (mom % sa) 1.085 9.184 -8.1 -0.82 0.031 -0.75 Consumer Durables Shipments Index (sa) 102.8 104.3 102.6 97.6 97.1 95.7 Consumer Sentiment Index 40 41 42.1 42.7 43.6 43.4 Nikkei Commodity Price Index 154.9 157.9 165.9 162.2 161.5 159.9 Stock Prices Index (Topix) 894.1 US 978.8 987 Purchases 880.5 841.4 849.5 GPGSTOC% GDP Index Govt & Invest Coincident Indicator Components (Business Cycle) Industrial Production (yoy % nsa) 28.8 29.2 23.8 19.1 16.3 14.8 Manufacturers Shipments Index (sa) 101.1 101.3 101 99.5 98.8 99.2 Capacity Utilization Index (sa) 99 99.9 99.7 100.1 99.2 99.3 Manufacturing Overtime Index 85.29 88.29 87.67 82.12 86.79 91.38 Capital Goods Shipments Index (sa) 98.4 99.2 101.3 94.9 100 102.1 Department Store Sales (yoy %) -6.5 -5.1 -4.9 -1.8 -5.5 -1.7 Wholesale Sales (yoy % nsa) -2.7 1.5 3.1 0.7 0.6 -0.1 Operating Profits (짜 Tr) 9993 10015 10015 10015 11714 11714 Small, Mid-size Bus. Sales Index -9.9 -6.9 -6.4 -6.9 -4.4 -9.1 Job Offers/Applicants Ratio (sa) 0.46 US 0.48 0.49 Purchases 0.5 0.52 0.53 GPGSTOC% GDP Index Govt & Invest
O-09
N-09
D-09
J-10
F-10
48.4 50.1 45.1 40 4 10 0.9
47.3 49.5 41.2 41.4 7.1 13.3 3.8
46.4 47.2 40.2 41.1 7.1 13.3 3.8
45.8 47.3 43.6 41.4 7.1 13.3 3.8
45.9 48.3 45.1 43.9 -5 -8 -3.4
S-10
O-10
N-10
D-10
J-11
F-11
M-11
A-11
M-11
J-11
J-11
A-11
S-11
O-11
N-11
D-11
J-12
F-12
M-12
A-12
M-12
J-12
J-12
A-12
S-12
45.8 46.6 49.5 36.1 37.8 43.1 47.1 51.4 GPGSTOC% 52.9 US 46.4 45.7 Purchases 51.3 50.7 52.1 GDP Index Govt & Invest 44.3 48.4 27.7 28.3 36 49.6 52.6 47.2 GPGSTOC% 47.2 US 26.6 38.4 Purchases 44.9 48.5 GDP Index Govt &49Invest -5 -5 -1.1 -1.1 -1.1 -22 -22 -8 -8 -3.2 -3.2 -3.2 -23.3 -23.3 -3.4 GPGSTOC% -3.4 US GDP 0Index 0 Purchases 0 -21.4 -21.4 Govt & Invest
46.4 51.9 47.3 47.1 -22 -23.3 -21.4
47.2 49.3 45.3 46.4 6.6 10.3 4.6
46.4 50.6 45.9 45.9 6.6 10.3 4.6
45.8 49.1 45 44.7 6.6 10.3 4.6
45.6 50.2 47 44.4 -2.5 -6.1 -0.5
45.7 50.7 44.1 47.1 -2.5 -6.1 -0.5
45.3 50.5 45.9 50.1 -2.5 -6.1 -0.5
48.7 51.1 51.8 49.7 -2.7 -7.3 -0.1
47.6 50.7 50.9 50.9 -2.7 -7.3 -0.1
47.2 50.7 47.2 48.1 -2.7 -7.3 -0.1
46.2 49.9 43.8 45.7 -3.1 -5.7 -1.6
46.6 47.9 44.2 44.9 -3.1 -5.7 -1.6
44.8 47.7 43.6 43.6 -3.1 -5.7 -1.6
45.1 48 41.2 43.5 2.2 2.5 2
43.7 46.9 39 41.7 2.2 2.5 2
43.3 46.5 40 41.9 2.2 2.5 2
43.8 45 45.8 51 -5.5 -10.3 -2.9
44.3 47.7 49.5 56.5 -5.5 -10.3 -2.9
46 48.5 53.2 57.7 -5.5 -10.3 -2.9
49.7 50.4 57.3 57.5 1 -4.6 4
49.4 51.1 56.5 57.8 1 -4.6 4
48.2 51.5 55.7 56.2 1 -4.6 4
49.6 52.3 53 53.6 5.9 5 6.4
49.6 52.3 53 53.6 5.9 5 6.4
1 8 8 8 5 5 5 6 6 6 -9 -9 -6 4 4 4 1 1 1 -4 -4 -4 -12 -12 -18 -14 -14 -14 -12 -12 GPGSTOC% -12 US-10 -10 Purchases -10 -21 GDP Index Govt & Invest-21 3 -1 -1 -1 -2 -2 -2 2 2 2 2 2 -8 -10 -10 -10 -12 -12 -12 -8 -8 -8 -7 -7 -19 -22 -22 -22 -23 -23 GPGSTOC% -23 US-16 -16 Purchases -16 -15 GDP Index Govt & Invest-15 -5 2 2 2 1 1 1 3 3 3 -5 -5 -13 -8 -8 -8 -10 -10 -10 -6 -6 -6 -17 -17 -26 -21 -21 -21 -22 -22 GPGSTOC% -22 US-19 -19 Purchases -19 -26 GDP Index Govt & Invest-26 -4 -2 -2 -2 -1 -1 -1 -1 -1 -1 -2 -2 -14 -15 -15 -15 -17 -17 -17 -12 -12 -12 -16 -16 -29 -29 -29 -29 -29 -29 GPGSTOC% -29 US-27 -27 Purchases -27 -29 GDP Index Govt & Invest-29 14 10 10 10 9 9 9 7 7 7 11 11 9 6 6 6 3 3 3 2 2 2 5 5 11 7 7 7 6 6 GPGSTOC% 6 US GDP 4Index 4 Purchases 4 Govt & 8Invest 8 -2 0 0 0 1 1 1 2 2 2 1 1 0 1 1 1 3 3 GPGSTOC% 3 US GDP 5Index 5 Purchases 5 Govt & 6Invest 6 14 11 11 11 11 11 11 27 27 27 28 28 21 15 15 15 15 15 GPGSTOC% 15 US GDP 33Index 33 Purchases 33 Govt &33Invest33 159.1 179.5 179.5 179.5 180.9 180.9 180.9 6.3 6.3 6.3 24 24 34.2 36.5 36.5 36.5 32.8 32.8 32.8 11.9 11.9 11.9 17 17 67.4 74.6 74.6 74.6 72.2 72.2 GPGSTOC% 72.2 US 9.5 9.5 Purchases 9.5 GDP Index Govt &20Invest20 2.1 3.7 3.7 3.7 3.9 3.9 3.9 4.9 4.9 4.9 9.4 9.4 -4.5 -3.4 -3.4 -3.4 -1.4 -1.4 -1.4 -8.2 -8.2 -8.2 -4.9 -4.9 -2.3 -1 -1 -1 0.4 0.4 GPGSTOC% 0.4 US-3.7 -3.7 Purchases -3.7 GDP Index Govt & 0Invest 0
-9 -12 -21 2 -7 -15 -5 -17 -26 -2 -16 -29 11 5 8 1 6 28 33 24 17 20 9.4 -4.9 0
2 -3 -11 4 -2 -12 1 -8 -19 1 -10 -22 6 1 3 2 7 22 29 25 15.7 19.7 10.9 -5.4 0.2
2 -3 -11 4 -2 -12 1 -8 -19 1 -10 -22 6 1 3 2 7 22 29 25 15.7 19.7 10.9 -5.4 0.2
2 -3 -11 4 -2 -12 1 -8 -19 1 -10 -22 6 1 3 2 7 22 29 25 15.7 19.7 10.9 -5.4 0.2
-4 -3 -8 -5 -10 -17 4 -4 -14 0 -8 -21 8 -1 2 2 7 12 20 8.9 23.3 17.2 5.9 -1.9 0.8
-4 -3 -8 -5 -10 -17 4 -4 -14 0 -8 -21 8 -1 2 2 7 12 20 8.9 23.3 17.2 5.9 -1.9 0.8
-4 -3 -8 -5 -10 -17 4 -4 -14 0 -8 -21 8 -1 2 2 7 12 20 8.9 23.3 17.2 5.9 -1.9 0.8
-4 -7 -10 -3 -8 -15 5 -1 -11 5 -5 -16 8 -3 1 2 7 11 24 30.8 15.1 20.9 0.4 -2.2 -1.3
-4 -7 -10 -3 -8 -15 5 -1 -11 5 -5 -16 8 -3 1 2 7 11 24 30.8 15.1 20.9 0.4 -2.2 -1.3
-4 -7 -10 -3 -8 -15 5 -1 -11 5 -5 -16 8 -3 1 2 7 11 24 30.8 15.1 20.9 0.4 -2.2 -1.3
-1 -6 -12 1 -7 -15 8 3 -9 6 -3 -15 9 -3 1 4 9 4 16 65.5 27.8 40.6 7.2 2.3 4
-1 -6 -12 1 -7 -15 8 3 -9 6 -3 -15 9 -3 1 4 9 4 16 65.5 27.8 40.6 7.2 2.3 4
-1 -6 -12 1 -7 -15 8 3 -9 6 -3 -15 9 -3 1 4 9 4 16 65.5 27.8 40.6 7.2 2.3 4
-3 -6 -14 -3 -13 -16 8 2 -9 5 -3 -16 10 -5 1 4 9 2 11 47.4 27.5 34.3 7.9 4.7 5.8
-3 -6 -14 -3 -13 -16 8 2 -9 5 -3 -16 10 -5 1 4 9 2 11 47.4 27.5 34.3 7.9 4.7 5.8
-3 -6 -14 -3 -13 -16 8 2 -9 5 -3 -16 10 -5 1 4 9 2 11 47.4 27.5 34.3 7.9 4.7 5.8
-12 -12 -18 -10 -20 -26 4 -1 -11 3 -7 -19 12 -7 0 4 9 -1 8 17.2 23.8 21.6 7.3 7 7.1
-12 -12 -18 -10 -20 -26 4 -1 -11 3 -7 -19 12 -7 0 4 9 -1 8 17.2 23.8 21.6 7.3 7 7.1
-12 -12 -18 -10 -20 -26 4 -1 -11 3 -7 -19 12 -7 0 4 9 -1 8 17.2 23.8 21.6 7.3 7 7.1
-8 -14 -19 -1 -13 -14 6 4 -8 9 0 -8 10 -9 -1 4 10 15 26 49.2 10.4 22.4 -1.2 -5.3 -3.9
-8 -14 -19 -1 -13 -14 6 4 -8 9 0 -8 10 -9 -1 4 10 15 26 49.2 10.4 22.4 -1.2 -5.3 -3.9
-8 -14 -19 -1 -13 -14 6 4 -8 9 0 -8 10 -9 -1 4 10 15 26 49.2 10.4 22.4 -1.2 -5.3 -3.9
4 -4 -14 10 -3 -7 12 7 -4 12 7 -4 9 -7 -1 6 11 24 35 70.7 11 30.7 6.4 -0.2 2
4 -4 -14 10 -3 -7 12 7 -4 12 7 -4 9 -7 -1 6 11 24 35 70.7 11 30.7 6.4 -0.2 2
101.5 101.6 101.7 101.8 101.9 -2.2 -2.2 -2.2 -2.2 -2.2 45.5 54.5 45.5 54.5 63.6 63.6 54.5 45.5 72.7 63.6
102 -2.2 63.6 90.9
102 102.1 102.2 102.3 102.4 102.5 102.5 102.5 102.5 102.4 102.3 102.3 102.3 102.4 102.5 102.8 103.1 103.4 103.8 103.8 103.8 103.8 103.8 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 36.4 36.4 54.5 36.4 63.6 81.8 90.9 72.7 36.4 36.4 36.4 27.3 36.4 31.8 45.5 81.8 68.2 90.9 90.9 80 88.9 88.9 88.9 54.5 72.7 45.5 81.8 81.8 72.7 86.4 72.7 54.5 18.2 9.1 9.1 13.6 22.7 18.2 72.7 72.7 81.8 81.8 80 90 90 90
97.8 104.3 643.5 6.9 -5.42 97.7 41.1 163.5 810.9
98.2 99.6 599.7 12.9 -2.33 100.6 40.6 164.5 860.9
M-10
A-10
M-10
J-10
J-10
A-10
102 102.1 102.1 102 102 102 102 -2.2 GPGSTOC% -2.2 US-2.2 -2.2 Purchases -2.2 -2.2 -2.2 GDP Index Govt & Invest 77.3 72.7 45.5 9.1 18.2 36.4 81.8 81.8 GPGSTOC% 72.7 US 9.1 9.1 Purchases 0 86.4 100 GDP Index Govt & Invest
97.5 97.7 574 25.5 2.531 98.8 42.5 159.4 804.7
97.9 98.3 623.8 4.1 9.745 100.7 41.4 161.6 829.5
98.4 102.8 522.2 -0.6 0.907 100.8 40.2 168.3 898.8
97.3 103.5 661.8 5.6 2.677 97.8 41.1 171.6 910.1
98.5 90.2 91.5 94.1 96.5 97.4 100.6 106.3 116.6 120.3 106.2 107.1 664.4 664 619.6 584.3 639.6 648.6 11.5 9.1 -0.2 10.5 17.9 4 -2.73 2.025 4.372 -1.67 -0.58 5.385 100.9 72.2 55.7 68.4 89.8 92.8 40.7 38.3 33.6 35.1 36.3 37.7 175.9 177.7 181 179.6 177.5 177.5 951.3 US 869.4 851.9 838.5 849.2 841.4 GPGSTOC% GDP Index Govt Purchases & Invest
97.4 106.1 679.6 2.1 3.13 93.8 37.5 173.9 770.6
97.5 108.2 701.9 9.8 -17.9 95.1 38.5 168.9 761.2
97.5 107.4 719.4 1.5 6.49 99.9 38.5 168.9 764.1
97 108.8 684.7 12.5 3.799 90.7 37.7 166.2 728.5
97.7 108.1 744 5.7 4.984 105.8 39.4 169.5 755.3
98 103.9 772.8 8.9 4.446 107.7 39.1 171.1 836
96.6 110.9 765.3 -1.1 -8.1 102.1 40.1 173.1 854.4
98.3 112.2 707.6 6.6 7.698 99.6 40.3 172.5 804.3
16.3 99 100 89.17 97.2 -3.4 1.2 11714 -7.9 0.54
12.8 4.8 6.8 5.4 101.3 98.8 100.4 101.2 101.6 99.3 101.5 103.2 91.55 91.73 93.5 93.58 104.8 102.2 101.2 103.2 -3.8 2.7 0.3 -0.3 1.5 0.4 6.6 5.7 10657 10657 10657 12875 -8.5 -9.9 -9.2 -0.9 0.55 0.56 0.58 0.59
4.4 102.1 102.7 83.88 103.7 1.4 4.6 12875 -0.3 0.6
4 -13.3 -13.4 -5.1 -1.4 -2.6 1 -3 1.5 -2.4 -1.8 0.1 104.3 88 84.2 89 96.1 96.6 98.2 98.9 100.7 98.2 101.8 101.8 103.5 81 79.2 90.6 96.5 97.6 100.6 98.9 102 98.4 100.6 102.8 92 87.5 79.47 77.27 86.62 91.29 88.47 93.23 95.61 94.55 96.41 84.85 108.1 90.3 89.3 97.3 105.7 102.5 106.7 105.3 107.9 112.2 109.7 109.6 1.7 -21.5 -5.5 -4.3 0.4 -1.3 -2.9 -3.6 -1.9 -3 0.3 -3.1 7.2 1.2 -1.7 2.3 3.8 3 5.2 0.8 0.8 -2.4 -2 -3.5 12875 11415 11415 11415 9011 9011 9011 9711 9711 9711 11227 11227 -0.5 -2.1 -9.3 -17.1 -12.4 -9.9 -11.4 -7 -7.4 -4.5 -9.2 -3.9 0.62 US 0.62 0.61 Purchases 0.61 0.62 0.64 0.65 0.67 0.69 0.71 0.72 0.74 GPGSTOC% GDP Index Govt & Invest
3 102 102.5 93.85 108.2 -1.8 -1.3 11227 -7.4 0.75
16.6 102 102.5 94.38 108.3 26.7 0.5 11791 -4 0.76
15.1 7.6 -0.6 0.1 -4.1 -7.6 -4.7 -5.5 -7.6 -6 -10.1 -7.2 -3.4 -1 -1 -1 100.1 98.9 97.4 95.5 95.4 92.9 93.3 91.8 95.2 96.3 98.1 97.3 95.9 96.6 96.6 96.6 101.3 99.8 97.7 97.8 95.7 91.9 93 92.3 94 94.5 94.4 94.4 95.9 95.9 95.9 95.9 92.7 86 89.88 89.88 86 87.06 87.06 87.06 88.73 79.21 88.2 91.03 91.55 91.55 91.55 91.55 109.4 107.2 105.6 99.4 99.8 96.8 94.1 94.4 98.4 100.6 102.2 103.4 97.9 97.8 97.8 97.8 6.7 2.1 -0.1 -1 0.2 0.7 -1.5 3.1 -1.1 0.5 2.5 6.4 2.1 5.1 5.1 5.1 0.3 2.1 -3.8 -4 -4.2 -4.9 -1.4 -1.5 -2.5 0 -1.3 -1.8 -0.1 0.3 0.3 0.3 11791 11791 10293 10293 10293 9135 9135 9135 10608 10608 10608 12070 12070 12070 12070 12070 3.1 -2.9 -8 -8 -9.2 -16.8 -5.4 -13.6 -8.3 -15.6 -4.3 -1.2 -3.9 -1.8 -5 -5 0.79 0.8 0.81 0.81 0.81 0.81 0.81 0.82 0.83 0.85 0.85 0.86 0.89 0.9 0.9 0.9
Q.M.S Advisors | tel: +41 (0)78 922 0877 | e-mail: info@qmsadv.com |
97.8 105.5 597.4 6.3 -3.41 102 38.1 165.1 728.6
98.4 110.5 727.4 1 4.256 94.8 40.7 167.6 719.5
97.3 111.7 716.9 -9.9 -6.26 89.6 40.8 164.2 770.1
95.9 96.6 94.8 96 96.4 96.2 115.3 115.5 118.5 117.7 117.7 117.7 731.7 751 739.3 819 741.9 628.3 1.7 -6.1 -7.8 1.2 0.3 -3.4 -2.84 5.21 3.577 4.289 -4.83 2.366 89.4 89.9 82.8 81.4 78.8 84.7 40.6 40.6 40.4 39.8 39 39.1 163.4 164.4 166.3 164.3 166.3 169.7 736.3 731.6 737.4 742.3 781.5 859.8
96.8 113.2 813.9 -9.7 -5.87 92.1 43.3 172.9 940.3
96.5 95.6 97.7 97.7 110.3 112.8 107.1 104.9 809.3 793.1 782 774.5 -11.3 2.4 -1.1 -1.1 8.683 0.142 2.172 4.268 92 87.6 90.1 84.6 44.2 45 44.4 45.6 175.2 176 176.3 177.6 975.7 1035 1165 1136
97.7 104.9 774.5 -1.1 4.268 84.6 44.3 175.4 1134
97.7 104.9 774.5 -1.1 4.268 84.6 44.3 177.2 1195
JAPAN - ECONOMIC INDICATORS - III/III Indicator Annualized Housing Starts (units Mn) Housing Starts (yoy %) Floor Area Housing Starts (mom % sa) Tokyo Condo Sales (yoy %) Construction Orders (yoy %) Nationwide Land Prices, Yearly (yoy %) Retail Trade (yoy % nsa) Retail Trade (mom % sa) Large Retailers Sales (yoy %) Tokyo Dept. Store Sales (yoy %) Nat'l Department Store Sales (yoy %) Supermarket Sales (yoy %) Convenience Store Sales (yoy %) Vehicle Sales (yoy %) Consumer Confidence Index Consumer Conf. Households Index Consumer Conf. Tokyo Households Index Quarterly Consumer Confidence Index Overall Household Spending (yoy %) Workers House. Real Living Expenditures (yoy %) Household Savings Ratio, Yearly (%) Current Account Bal. (¥ Bn nsa) Current Account Bal. (¥ Bn sa) BOP Trade Balance (¥ Bn nsa) Merchandise Trade Balance (¥ Bn sa) Merchandise Trade Balance (¥ Bn nsa) Merchandise Trade Exports (yoy %) Merchandise Trade Imports (yoy %) Total Export Volume (yoy %) Exports to U.S. (yoy %) Exports to EU (yoy %) Exports to Asia (yoy %) Total Import Volume (yoy %) Imports from U.S. (yoy %) Imports from EU (yoy %) Imports from Asia (yoy %) Foreign Buying Japan Stocks (¥ Bn) Foreign Buying Japan Bonds (¥ Bn) Japan Buying Foreign Stocks (¥ Bn) Japan Buying Foreign Bonds (¥ Bn) Monetary Base (yoy %) M2+CD Money Supply (yoy %) Broad Liquidity (yoy %) Official Reserve Assets (US$ Bn) BoJ Target Rate (%) Financing Bill 3-Mo. Rate (%) 3-Month Libor (%) 10-Year Gov't Bond Yield (%) Stock Prices Index (Topix) Yen/US$ Exchange Rate Yen Major Currency Index
A-09 M-09 J-09 J-09 A-09 S-09 Housing Market 0.794 0.854 0.793 0.737 0.75 0.772 -9.27 -2.43 0.559 -4.61 0.615 4.261 1.085 US 9.184 -8.1 Purchases -0.82 0.031 -0.75 GPGSTOC% GDP Index Govt & Invest 10.7 54.2 22.6 7.1 66.6 27.8 -20.3 42.3 -25 9.2 -10.2 -0.7 -3.5 US-3.5 -3.5 Purchases -3.5 -3.5 -3.5 GPGSTOC% GDP Index Govt & Invest Retail Sales 4.2 4.7 4.9 2.9 3.3 3.8 1.3 0 0.4 -1.7 0.5 0.4 -4 US-4.9 -3.7 Purchases -3.9 -3.1 -1.3 GPGSTOC% GDP Index Govt & Invest -6.5 -5.1 -4.9 -1.8 -5.5 -1.7 -5.4 US-3.5 -3.7 Purchases -2.1 -1.4 GPGSTOC% GDP Index Govt &-6Invest -2.4 -6.6 -4.9 -5.3 -1.4 -1.2 -4.7 -4.9 -3.7 -3.2 -1.5 0.5 35.1 US 37.2 33.5 Purchases 28 20.6 GPGSTOC% GDP Index Govt & Invest15 Consumer Confidence 40 41 42.1 42.7 43.6 43.4 39.8 40.9 42 42.8 43.5 43.3 41 US 41.5 43.1 Purchases 45.4 44.6 44.6 GPGSTOC% GDP Index Govt & Invest 39.9 40.7 40.7 40.7 43.2 43.2 GPGSTOC% US GDP Index Govt Purchases & Invest Personal Sector -0.5 4.4 -0.7 -0.7 0.5 1.1 -2.2 US 3.6 -2.3 Purchases -3.4 0.3 GPGSTOC% GDP Index Govt & Invest 1 2.6 2.6 2.6 2.6 2.6 GPGSTOC% US GDP Index Govt Purchases & Invest2.6 External Sector 1649 2621 1396 1290 1135 1764 1216 1710 1554 1061 1397 1553 785.3 US 1089 871.1 402.7 762 897.1 GPGSTOC% GDP Index Govt Purchases & Invest 485 856 903.1 516.8 516 585.2 638.3 US 931.9 729.2 309.1 670.5 784.6 GPGSTOC% GDP Index Govt Purchases & Invest 45.3 43.4 40.4 32.1 27.7 23.5 29.8 US GDP 21Index 24.5 Purchases 33.7 26.5 16.1 GPGSTOC% Govt & Invest 45.9 43.9 39.5 31.9 27.5 25.5 47.2 30.9 39.8 20.3 27.4 27.5 15.5 28.4 32.4 34.7 27.2 31.6 53.5 US GDP 49Index 40.6 Purchases 28.2 26.6 22.9 GPGSTOC% Govt & Invest 22.9 16.9 17.6 22.3 18.1 13.9 4.5 6.3 21.2 24.6 24.9 22 13.7 16.6 13.1 22.3 23.5 24 39.3 US 17.5 19.7 Purchases 27.5 19.2 14.3 GPGSTOC% GDP Index Govt & Invest 260.8 138.5 806.4 -955 -1185 197 635.6 US -1078 1233 -68.4 -341 747.2 GPGSTOC% GDP Index Govt Purchases & Invest 325.6 66.5 -165 742.3 344.3 284.8 806.2 US 1279 509 Purchases 1505 3541 4686 GPGSTOC% GDP Index Govt & Invest Monetary Sector 2.2 2.1 2.9 3.7 3.6 6.1 1.9 1.9 1.9 1.9 1.9 1.9 2.8 2.8 2.8 2.8 2.8 2.8 1051 US 1043 1047 1041 1050 1064 GPGSTOC% GDP Index Govt Purchases & Invest Financial Sector 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.253 0.242 0.24 0.246 0.244 0.241 1.305 1.4 1.29 1.265 1.091 1.074 894.1 978.8 987 880.5 841.4 849.5 88.97 93.47 93.85 91.27 88.43 86.47 159.4 US 151.7 151.6 162 166.2 165.3 GPGSTOC% GDP Index Govt Purchases & Invest
O-09
N-09
D-09
J-10
F-10
M-10
A-10
M-10
J-10
J-10
A-10
S-10
O-10
N-10
D-10
J-11
F-11
M-11
A-11
M-11
J-11
J-11
A-11
0.829 0.837 0.813 0.847 0.861 0.847 0.872 0.807 0.798 0.815 0.817 0.955 0.934 0.745 0.774 0.824 0.783 0.822 0.917 0.848 0.896 0.903 0.837 20.46 17.68 6.362 6.804 7.531 2.707 10.13 -2.44 0.284 6.368 5.822 21.2 14 -10.8 -5.77 -0.28 -7.31 -1.09 7.511 5.011 10.32 9.277 -0.17 2.531 9.745 -5.42 -2.33 0.907 2.677 GPGSTOC% -2.73 US 2.025 4.372 -1.67 -0.58 5.385 3.13 -17.9 6.49 3.799 -3.41 4.984 4.446 -8.1 7.698 4.256 -6.26 GDP Index Govt Purchases & Invest 18.5 3.9 9.8 0.8 40.8 -13.5 24.9 0 -27.3 3.6 -32.9 -1.3 1.7 16.7 -9.3 31 8.5 32.6 13 -6.1 81.7 -14.9 16.4 0 -15 -5.6 -5.3 13.1 -10.7 19.5 -11 31.4 25.5 6 5.7 9.3 -9.3 24.3 21 1.5 24.6 -1.8 -0.3 16.2 -0.9 4.63 -3.5 -3.5 -3.5 -3.5 -4.6 -4.6 GPGSTOC% -4.6 US-4.6 -4.6 Purchases -4.6 -4.6 -4.6 -4.6 -4.6 -4.6 -4.6 -3 -3 -3 -3 -3 -3 -3 GDP Index Govt & Invest
S-11
O-11
N-11
D-11
J-12
F-12
M-12
A-12
M-12
J-12
J-12
A-12
S-12
0.87 0.888 0.866 0.978 0.906 0.88 0.863 0.944 0.904 0.939 1.027 1.027 1.027 -9.57 -5.47 15.53 25.24 10.34 9.954 5.009 3 7.296 5.767 14.52 14.52 14.52 -2.84 5.21 3.577 4.289 -4.83 2.366 -5.87 8.683 0.142 2.172 4.268 4.268 4.268 -1 17.3 -9.3 -14.4 -15.1 -3 -5.4 -10.9 48.4 -2.8 49.2 49.2 49.2 8 8.7 3.6 -13.8 -2.1 4.8 -3.7 16.3 -3.4 2 26 26 26 -3 -3 -3 -3 -3 -2.6 -2.6 -2.6 -2.6 -2.6 -2.6 -2.6 -2.6
4.3 1.4 -1.8 -3.4 -3.2 -1.1 1 46.7
1.4 -2.8 -1.7 -3.8 -5.2 -0.3 12.9 -4.1
-0.2 -1.4 0.4 2.7 0.6 -0.3 -5.9 -26.7
1.5 2 0.1 0.3 -0.5 -0.5 1.1 -30.7
-2.1 -4.2 -1.7 -0.3 -1.5 -1.6 3.3 -28.3
0.1 0.1 -8.3 -4.8 -1.3 1.2 0.6 3.6 2.1 -8.1 3.6 2.9 2.5 -1.2 -0.7 GPGSTOC% 0.5 US-7.5 -1.9 Purchases -2.5 -0.5 GDP Index Govt & Invest0.8 1.4 1.7 -21.5 -5.5 -4.3 0.4 -1.3 -1.1 GPGSTOC% 0.7 US -14.7 -1.5 Purchases -2.4 0.3 -0.1 GDP Index Govt & Invest -0.1 0.6 0.3 -1.3 -1.4 0.1 2.1 5.1 6.5 7.7 1.6 5.7 9 9.5 -21.5 GPGSTOC% -14.3 US-37 -51 Purchases -37.8 -23.3 -27.6 GDP Index Govt & Invest
-2.6 -0.7 -2.6 -2.9 -1.7 -2.2 7.9 -25.5
-1.1 -1.3 -3.6 -3.6 -2.4 -3.6 -4 1.7
1.9 0.7 -1.4 -1.9 -0.5 -0.9 14.1 28.3
-2.2 -0.7 -2.5 -3 -1.9 -2.3 7.5 24.1
2.5 2 -0.3 0.3 0.8 -0.6 4.1 23.5
1.8 0 -1.2 -3.1 -1.1 -1.2 1.7 40.7
3.4 -0.5 0.2 -1.8 -0.4 0.3 4.8 31.9
10.3 0.4 5.1 26.7 14.1 -2.4 0.4 78.2
5.7 0 -0.6 6.7 1.3 -1.9 6.1 92
3.6 0.7 -0.8 2.1 -1 -1.7 1.7 66.3
0.2 -0.7 -2.6 -0.1 -1.2 -3.9 -2.6 40.9
-0.7 -0.4 -4.4 -1 -3.3 -4.9 -3.3 36.1
1.7 -0.1 -0.9 0.2 -1 -1.3 -1.3 7.3
0.4 -0.6 -1 0.7 -0.2 -2 -1.6 -8.1
-1.2 -0.1 -3.2 -1.5 -2.4 -4 -2.1 -9
1.2 0.5 0.9 3.1 2.2 -0.5 -2.5 -3.3
0.2 0 0.1 -1.1 -1.3 -1.5 -2 -3.4
4.5 -0.2 -3.7 0.5 0.2 -4.7 -0.9 -12.9
-2.2 1.7 -3.7 2.5 0.3 -5.5 -4.7 -12.2
-0.3 -1.5 2.5 6.4 3.9 1.7 -0.4 -15.6
-0.2 0.6 -2.3 2.1 -0.5 -1.9 -2.6 2
0.8 1.5 -0.4 5.1 2.6 -1.2 -1.2 -7.3
0.8 1.5 -0.4 5.1 2.6 -1.2 -1.2 -15.8
0.8 1.5 -0.4 5.1 2.6 -1.2 -1.2 -15.8
42.5 42.4 43.6 43.2
41.4 41.2 41.9 39.3
41.1 40.9 41.7 39.3
40.6 40.4 41.4 39.3
40.2 40.1 42.1 42.7
41.1 40.7 38.3 33.6 35.1 36.3 37.7 41.1 40.6 38.3 33.4 34.8 36.2 37.7 43.2 GPGSTOC% 42.6 US 39.7 32.7 Purchases 35 36.2 38.5 GDP Index Govt & Invest 42.7 GPGSTOC% 42.7 US 42.7 42.7 Purchases 42.7 42.7 42.7 GDP Index Govt & Invest
37.5 37.4 37.8 42.7
38.5 38.5 39.1 42.7
38.5 38.6 38.8 42.7
37.7 37.5 37.5 42.7
38.1 38.1 38.2 42.7
39.4 39.6 40 42.7
39.1 39.1 39 42.7
40.1 40.1 41.8 42.7
40.3 40.1 41.9 42.7
40.7 40.7 41 42.7
40.8 40.8 41.6 42.7
40.6 40.5 41.7 42.7
40.6 40.6 40.2 42.7
40.4 40.4 40.9 42.7
39.8 39.7 39.9 42.7
39 39 39.2 42.7
39.1 39 40.4 42.7
43.3 43.1 44.4 42.7
44.2 44.2 47.4 42.7
45 45 48 42.7
44.4 44.5 48 42.7
45.6 46 48 42.7
44.3 44.6 48 42.7
44.3 44.6 48 42.7
1.7 2.7 2.6
0 2.5 2.6
-0.4 4.4 2.6
-0.4 1.8 2.6
-3.3 -2.8 2.4
-0.3 0.5 -8.2 -2 -1.2 -3.5 -2.1 -1.3 GPGSTOC% -0.7 US-11 -2.6 Purchases -1 -4.2 -2.6 GDP Index Govt & Invest 2.4 GPGSTOC% 2.4 US 2.4 2.4 2.4 2.4 GDP Index Govt Purchases & Invest2.4
-4.1 -4.7 2.4
-1.9 -2.8 2.4
-0.4 -1.8 2.4
-3.2 -4.1 2.4
0.5 0.9 1.3
-2.3 -2.8 1.3
2.3 2.9 1.3
3.4 4.3 1.3
2.6 3.8 1.3
4 0.9 1.3
1.6 2.5 1.3
1.7 1.5 1.3
1.8 0.9 1.3
-0.9 0.6 1.3
-0.1 0.7 1.3
0.2 1.8 1.3
-0.7 2.2 1.3
2.4 4.1 1.3
0.8 2.7 1.3
5.2 7.6 1.3
1.5 1.1 1.3
-1.6 1.4 1.3
-1.6 1.4 1.3
-1.6 1.4 1.3
436.3 1611 533.9 126.1 265.7 -456 1203 1307 373.5 342.1 422.1 662.5 444.8 513.7 420.8 -180 -231 623.7 1027 545.8 558 710.3 327.7 833.1 474.6 391.7 435 710.6 360.2 655.9 -40.2 501 363.3 215.2 -690 372.3 -209 -589 -147 -1390 95.3 -1.2 -437 -805 112.2 -376 -664 -475 -451 -851 -572 -280 -72.2 -389 -563 -493 -474 -324 -578 -452 -571 -368 -420 -534 -1007 -533 -875 -765 -780 288.8 -282 -691 -206 -1481 25.89 -81.8 -518 -908 56.08 -529 -768 -568 -556 -957 -646 2.8 2.3 -3.8 -4.5 -8 -9.2 -2.6 5.9 7.9 10 -2.3 -8.1 -5.8 -10.3 -6.5 -4.1 -5.8 19.2 12.2 17.9 11.5 8.1 9.6 9.4 10.5 8 9.3 -2.2 2.3 -5.2 4.2 -1.5 0.9 1.9 0.9 1.5 -4 -4.4 -6.6 -10.1 -3.8 3.7 4.7 9.3 -2.3 -10.2 -4.2 -11.1 -8.1 -7.5 -12.2 6.1 -0.4 -4.7 -3.6 2.3 0.1 14.8 20.3 37.4 39.5 10.8 0.9 12.3 -0.6 2.4 -0.3 -9.8 4.1 3.2 -2.1 -11.2 -13.1 -9.8 -11.4 -10.4 -5.3 1 -18.6 -23.5 -19.2 -20.7 -24.4 -18.7 -15.6 -1.8 -2.8 -7.2 -9.5 -11.1 -14.9 -8 -0.7 -4.2 2.7 -4.2 -9.6 -6.3 -10 -6.6 -4.1 -8.2 6 1 6 -1 -0.7 3.1 3.2 3.1 1.9 8.5 -0.7 7 -2.1 4.2 -1 -0.9 0 12.3 3.7 14.2 -3.5 6 7.7 5.1 14.3 7.8 5.4 9.2 19.6 3.3 13.7 -3.1 -14.2 -8.3 9.4 9.8 9.1 22.4 4.3 4.1 11 14.8 -4.2 9.6 1.9 10.1 -2.8 -4.6 2.1 -3.5 -6.7 8.6 0.6 5.1 -5.5 -2.5 2.9 -0.4 -1.4 -3.7 6.6 -5.2 3.2 -7.4 -1.8 2.4 3.2 1.1 -1526 -955 76.1 -353 -444 340.8 686.4 309.7 22.4 -617 -162 -252 -245 -216 285.8 476.4 1497 383.5 -19.9 -21.8 -547 2.5 -83.5 94.8 -1817 907 521 1235 255.4 766.5 452.2 608.1 370.6 -1142 617.7 320.3 -33.2 -142 -109 -321 -260 -466 -36.1 145.3 180.1 -120 -167 -434 -0.7 -129 -446 -310 3111 470.6 -1267 771 2720 2638 933.1 -2617 1980 1855 1202 2146 2326 1119 1499 501.9
-365 435.6 -1479 -722 -1631 6.4 7.3 -5.9 0.7 -16 -0.2 -1.1 -8.5 -1.8 -3.7 1142 217.9 -943 143.3
637.4 1251 750 540.7 -20.7 367.2 852.7 623.3 -677 -220 -819 -907 -1074 -893 -703 -821 -781 -367 -885 -996 -2.9 1.1 3.8 10.1 12 5.6 9.5 10.1 -15.8 -9.8 -5.3 -4.8 -14.8 -10.5 4.5 -8.7 -23.7 -16.4 -12.6 -18 -14.6 -7.7 -5 -1.8 -0.1 -5.5 2 -2.4 -17.6 -21 -15.7 -13 -4.2 -0.7 8.3 -0.8 2.5 -7.2 4.9 -3.7 886.1 1669 3081 1245 -106 -1431 623.1 -669 -1149 -1611 -156 -374 -2491 -526 -2191 -2546
540.7 623.3 -907 -821 -996 10.1 10.1 -4.8 -8.7 -18 -1.8 -2.4 -13 -0.8 -3.7 764.8 -756 -378 -2958
540.7 623.3 -907 -821 -996 10.1 10.1 -4.8 -8.7 -18 -1.8 -2.4 -13 -0.8 -3.7 764.8 -756 -378 -2958
1190 2069 1558 1010 1261 547.8 1701 1739 423.9 574.4 538.9 1054 1280 1485 1681 1412 1589 1451 1177 852.4 552.5 349.9 862.8 759 170.6 911 903.6 256.2 763.5 -399 GPGSTOC% 720.3 US 236.8 -412 Purchases -771 129.9 141.8 GDP Index Govt & Invest 529.4 470.7 496.1 393.1 414.8 167 472.9 -94.6 -678 -564 -129 -143 63.75 774.3 812.6 157.6 719.6 -497 GPGSTOC% 637 US 186.3 -468 Purchases -857 67.34 67.86 GDP Index Govt & Invest 15.5 14.3 7.8 9.1 12.9 1.4 9 -2.3 -12.4 -10.3 -1.6 -3.4 18.4 10.3 8.9 14.3 10.7 12.2 GPGSTOC% 10 US GDP 12Index 9 Purchases 12.4 9.8 Govt & Invest9.9 14.2 16.1 5.3 9.2 11.4 2.3 9.2 -3.3 -11.6 -10.8 -2.7 -5.3 11.5 17 9.5 11.1 16.2 14.5 3.7 0.9 -21.2 -9.9 -2.5 -5.7 26.7 29.2 11.4 25.8 22.1 13.4 22.1 8.4 -8.5 -12.3 2.2 1.8 14.6 14.6 5.9 11.3 11.6 -1.8 GPGSTOC% 11 US-1.1 -6.4 Purchases -7.9 -2.5 -4.7 GDP Index Govt & Invest 19.1 10.5 5.8 15.5 7.7 11.2 4.8 5.5 1.3 5.5 1.7 -2.6 18.1 7.5 -11.1 20.8 -1.9 5.9 10.9 1.6 7.5 13.7 -1 -4.3 16.4 10 11.5 1.8 3 6.3 9.5 -5.7 18.9 4.7 -1.9 2.2 20.9 13.4 7.9 19.7 10.7 13.7 GPGSTOC% 4.1 US 14.4 1.8 Purchases 6.1 5.1 GDP Index Govt & Invest0.5 -105 -257 269.9 538.8 586 608.4 953.6 1182 646.9 38.8 -218 243 369.2 709 347.2 -225 -896 517.7 GPGSTOC% 705.7 US 498.7 1615 2675 -1100 -173 GDP Index Govt Purchases & Invest 262.4 -142 -146 69.5 -49.8 -144 -190 -83.5 -549 152.3 381.7 256.9 4938 2853 2345 -1501 156.3 1342 GPGSTOC% 633.8 US 2634 -1032 -1054 707.6 -105 GDP Index Govt Purchases & Invest 5.4 1.9 2.8 1070
5.8 1.9 2.8 1110
6.4 1.9 2.8 1118
7.6 1.9 2.8 1101
7 1.9 2.8 1096
5.5 5.6 16.9 23.9 16.2 17 15 1.9 1.9 1.9 1.9 1.9 1.9 1.9 2.8 2.8 2.8 2.8 2.8 2.8 2.8 1093 GPGSTOC% 1091 US 1116 1136 1140 1138 1151 GDP Index Govt Purchases & Invest
15.9 1.9 2.8 1219
16.7 1.9 2.8 1201
17 1.9 2.8 1210
19.5 1.9 2.8 1305
13.5 1.9 2.8 1296
15 1.9 2.8 1307
11.3 1.9 2.8 1303
-0.2 1.9 2.8 1289
-0.3 1.9 2.8 1290
2.4 1.9 2.8 1278
5.9 1.9 2.8 1271
8.6 1.9 2.8 1273
6.5 1.9 2.8 1273
9 1.9 2.8 1277
10.8 1.9 2.8 1274
5 1.9 2.8 1271
11.8 1.9 2.8 1268
10.9 1.9 2.8 1267
15 1.9 2.8 1259
19.8 1.9 2.8 1254
23.1 1.9 2.8 1258
31.6 1.9 2.8 1250
36 1.9 2.8 1239
36 1.9 2.8 1239
0.1 0.2 0.234 0.971 804.7 84.2 172.3
0.1 0.2 0.216 0.94 829.5 83.53 168.3
0.1 0.2 0.197 0.939 810.9 80.4 173.3
0.1 0.2 0.188 1.194 860.9 83.69 170.6
0.1 0.2 0.188 1.128 898.8 81.12 173.7
0.1 0.2 0.189 1.219 910.1 82.04 170.6
0.1 0.1 0.193 1.034 770.6 76.66 178.8
0.1 0.1 0.194 1.032 761.2 77.06 183.2
0.1 0.1 0.195 1.047 764.1 78.17 177.7
0.1 0.1 0.198 1.072 728.5 77.62 181.3
0.1 0.1 0.196 0.988 728.6 76.91 184
0.1 0.1 0.196 0.967 755.3 76.27 186
0.1 0.1 0.196 0.963 836 81.15 173.5
0.1 0.1 0.196 0.989 854.4 82.87 171.2
0.1 0.1 0.196 0.897 804.3 79.82 176.5
0.1 0.1 0.196 0.824 719.5 78.32 185.3
0.1 0.1 0.196 0.837 770.1 79.79 179.9
0.1 0.1 0.196 0.794 736.3 78.12 185.3
0.1 0.1 0.194 0.797 731.6 78.39 183.2
0.1 0.1 0.192 0.778 737.4 77.96 182.9
0.1 0.1 0.189 0.775 742.3 79.77 177.7
0.1 0.1 0.186 0.716 781.5 82.48 172.1
0.1 0.1 0.176 0.791 859.8 86.75 163.8
0.1 0.1 0.167 0.754 940.3 91.71 153.4
0.1 0.1 0.161 0.663 975.7 92.56 154.2
0.1 0.1 0.161 0.551 1035 94.22 152.2
0.1 0.1 0.156 0.609 1165 97.45 145.3
0.1 0.1 0.154 0.857 1136 100.5 141.7
0.1 0.1 0.156 0.853 1134 99.14 144.1
0.1 0.1 0.156 0.856 1195 100.5 142.7
0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.191 0.2 0.196 0.196 0.195 0.195 1.264 1.26 1.21 1.165 1.14 1.082 951.3 869.4 851.9 838.5 849.2 841.4 81.78 83.13 81.19 81.52 80.56 76.76 169.8 US 166.5 166.1 168.4 169.1 176.7 GPGSTOC% GDP Index Govt Purchases & Invest
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UNITED KINGDOM - ECONOMIC INDICATORS - I/II Indicator Real GDP (yoy %) Real GDP (qoq %) Nominal GDP (ÂŁ Tn) Private Consumption (qoq %) Gov't Spending (qoq %) Gross Fixed Capt'l Formation (qoq %) Exports (qoq %) Imports (qoq %) Retail Price Index (yoy %) RPI less Mortgage Interest Payments (yoy %) Retail Price Index (mom %) Consumer Price Index (yoy %) CPI ex-Food & Energy (yoy %) Consumer Price Index (mom %) CPI ex-Food & Energy (mom %) PPI Mfg. Input Prices nsa (yoy %) PPI Mfg. Output Prices nsa (yoy %) PPI Output Core sa (yoy %) PPI Mfg. Input sa (mom %) PPI Mfg. Output sa (mom %) PPI Output Core sa (mom %) Unemployment Rate sa (%) Claimant Count Rate sa (%) Jobless Claims Monthly Change sa (000s) Avg Earnings inc. Bonus sa (3-mo. avg. yoy %) Avg Earnings ex. Bonus sa (3-mo. avg. yoy %) Mfg. Unit Wage Cost sa (3-mo. avg. yoy %) Industrial Production sa (yoy %) Industrial Production sa (mom %) Manufacturing Production sa (yoy %) Manufacturing Production sa (mom %) Index of Services sa (3-mo. avg. yoy %) Business Investment Total sa (chained yoy %) of which, Manufacturing sa (chained yoy %) of which, Non Manuf. sa (chained yoy %) Business Investment Total sa (chained qoq %) MORI Economic Optimism Index PMI Manufacturing PMI Services Lloyds Current Business Barometer Lloyds Future Business Barometer EC Economic Confidence Index for the U.K. EC Industrial Confidence Index for the U.K. EC Services Confidence Index for the U.K.
F-10 M-10 A-10 M-10 J-10 J-10 National Accounts -2.5 0.5 0.5 0.5 2 2 0.4 US0.5 0.5 Purchases 0.5 GPGSTOC% GDP Index Govt &1 Invest1 359.8 US 366.8 366.8 366.8 369.1 369.1 GPGSTOC% GDP Index Govt Purchases & Invest 0.9 -0.8 -0.8 -0.8 1.4 1.4 0.3 -0.3 -0.3 -0.3 0.5 0.5 -0.1 US5.9 5.9 Purchases 5.9 -1.7 -1.7 GPGSTOC% GDP Index Govt & Invest 2.7 0.3 0.3 0.3 4 4 3 US1.9 1.9 Purchases 1.9 2.7 2.7 GPGSTOC% GDP Index Govt & Invest Consumer Prices 3.7 4.4 5.3 5.1 5 4.8 4.25 US 4.76 5.36 5.09 5.03 4.75 GPGSTOC% GDP Index Govt Purchases & Invest 0.6 US 0.68 0.95 0.36 0.22 -0.22 GPGSTOC% GDP Index Govt Purchases & Invest 3 3.4 3.7 3.4 3.2 3.1 2.9 US GDP 3 Index 3.1 Purchases 2.9 3.1 2.6 GPGSTOC% Govt & Invest 0.4 0.6 0.6 0.2 0.1 -0.2 0.4 0.6 0.5 0.3 0.4 -0.5 GPGSTOC% US GDP Index Govt Purchases & Invest Producer Prices 7.7 10.3 12.6 11.6 10.7 10.7 3.8 4.5 4.9 5 4.4 4.2 6.3 US6.3 6.3 Purchases 6.3 6.3 6.3 GPGSTOC% GDP Index Govt & Invest -2 -2 -2 -2 -2 -2 0.3 0.8 1 0.3 -0.2 0 -0.1 US-0.1 -0.1 Purchases -0.1 -0.1 -0.1 GPGSTOC% GDP Index Govt & Invest Labor Market 7.9 US GDP 8 Index 8 Purchases 7.9 7.9 7.8 GPGSTOC% Govt & Invest 4.8 4.7 4.7 4.6 4.5 4.4 -38.5 US -30.4 -24.6 -27.1 -18.3 -3.8 GPGSTOC% GDP Index Govt Purchases & Invest 2.5 4.3 4.3 3 1.5 2.1 1.4 US1.7 1.7 Purchases 1.6 1.4 1.6 GPGSTOC% GDP Index Govt & Invest 3.9 US2.6 2.6 Purchases 2.6 GPGSTOC% GDP Index Govt &1 Invest1 Economic Activity 0.5 3.4 2.1 3.7 2.5 2.1 0.9 US GDP 2 Index 0.1 Purchases 0.2 -0.5 -0.2 GPGSTOC% Govt & Invest 1.9 3.9 2.7 4.3 5 5.1 1 US1.8 0.1 Purchases 0.1 0.9 GPGSTOC% GDP Index Govt & Invest0 0.2 US0.3 0.8 Purchases 0.7 0.4 0.3 GPGSTOC% GDP Index Govt & Invest -15.6 -4.43 -4.43 -4.43 -4.81 -4.81 -20 -12.6 -12.6 -12.6 -18.6 -18.6 -15.1 US -3.43 -3.43 -3.43 -3.07 -3.07 GPGSTOC% GDP Index Govt Purchases & Invest -2.02 US 8.04 8.04 8.04 -5.77 -5.77 GPGSTOC% GDP Index Govt Purchases & Invest Business Conditions -57 US-57 -57 Purchases -57 -57 -57 GPGSTOC% GDP Index Govt & Invest 56.5 57.3 58 58 57.6 56.9 51.8 US 54.1 55.6 56.2 55.5 55.8 GPGSTOC% GDP Index Govt Purchases & Invest 55 43 47 36 20 17 46 US 49 42 Purchases 31 35 27 GPGSTOC% GDP Index Govt & Invest 102 103 101.9 102.9 100.1 102.3 -9.8 -8.7 -6.2 0 -8.2 -2.5 -8.9 US-8.3 -13.8 -9.9 -4.1 -5.4 GPGSTOC% GDP Index Govt Purchases & Invest
A-10
S-10
O-10
N-10
D-10
J-11
F-11 M-11
A-11 M-11
J-11
J-11
A-11
S-11
O-11
N-11
D-11
J-12
F-12 M-12
A-12 M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13 M-13
A-13 M-13
J-13
J-13
2 2.4 2.4 2.4 1.8 1.8 1.8 1.7 1.7 1.7 0.8 0.8 0.8 1 1 1 1.1 1.1 1.1 0.6 0.6 0.6 0 0 0 0.1 0.1 0.1 0 0 0 0.3 0.3 0.3 0.3 0.3 1 0.4 0.4 0.4 -0.2 -0.2 GPGSTOC% -0.2 US0.5 0.5 Purchases 0.5 0.1 0.1 0.1 0.6 0.6 0.6 -0.1 -0.1 -0.1 0 0 0 -0.5 -0.5 -0.5 0.7 0.7 0.7 -0.2 -0.2 -0.2 0.3 0.3 0.3 0.3 0.3 GDP Index Govt & Invest 369.1 374.4 374.4 374.4 375.3 375.3 GPGSTOC% 375.3 US 380.2 380.2 380.2 381.4 381.4 381.4 388.1 388.1 388.1 387.3 387.3 387.3 389.5 389.5 389.5 386.9 386.9 386.9 391.4 391.4 391.4 394.5 394.5 394.5 398.2 398.2 398.2 398.2 398.2 GDP Index Govt Purchases & Invest 1.4 0 0 0 0.5 0.5 0.5 -1.2 -1.2 -1.2 -0.2 -0.2 -0.2 0 0 0 0.6 0.6 0.6 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.5 0.5 0.5 0.3 0.3 0.3 0.3 0.3 0.5 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 0.1 0.1 0.1 -0.4 -0.4 -0.4 0.4 0.4 0.4 2.7 2.7 2.7 -0.9 -0.9 -0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.1 0.1 0.1 0.1 0.1 -1.7 4.1 4.1 4.1 -3.8 -3.8 GPGSTOC% -3.8 US-4.8 -4.8 Purchases -4.8 6.5 6.5 6.5 -1.1 -1.1 -1.1 -1.2 -1.2 -1.2 4.1 4.1 4.1 -2.1 -2.1 -2.1 -1.6 -1.6 -1.6 -4.9 -4.9 -4.9 0.2 0.2 0.2 0.2 0.2 GDP Index Govt & Invest 4 0.3 0.3 0.3 2.6 2.6 2.6 3.8 3.8 3.8 -5.2 -5.2 -5.2 1.1 1.1 1.1 4.7 4.7 4.7 -1.7 -1.7 -1.7 -0.6 -0.6 -0.6 1.9 1.9 1.9 -1.9 -1.9 -1.9 -0.1 -0.1 -0.1 -0.1 -0.1 2.7 2.5 2.5 2.5 1.1 1.1 GPGSTOC% 1.1 US-2.6 -2.6 Purchases -2.6 -0.7 -0.7 -0.7 1 1 1 1.1 1.1 1.1 0.4 0.4 0.4 1.6 1.6 1.6 0.6 0.6 0.6 -1 -1 -1 -2 -2 -2 -2 -2 GDP Index Govt & Invest 4.7 4.68 0.4 3.1 2.8 0.5 0.7
4.6 4.62 0.36 3.1 2.7 0 0
4.5 4.56 0.22 3.2 2.7 0.3 0.2
4.7 4.68 0.44 3.3 2.7 0.4 0.2
4.8 4.74 0.71 3.7 2.9 1 0.7
5.1 5.11 0.26 4 3 0.1 -0.4
5.5 5.3 5.2 5.2 5 5 5.54 US 5.37 5.27 5.25 5.02 5.03 GPGSTOC% GDP Index Govt Purchases & Invest 1 US 0.52 0.82 0.34 -0.21 GPGSTOC% GDP Index Govt Purchases &0 Invest 4.4 4 4.5 4.5 4.2 4.4 3.4 US3.2 3.7 Purchases 3.3 2.8 3.1 GPGSTOC% GDP Index Govt & Invest 0.7 0.3 1 0.2 -0.1 0 0.8 0.4 0.9 0 -0.3 GPGSTOC% US GDP Index Govt Purchases & Invest0
5.2 5.28 0.6 4.5 3.1 0.6 0.7
5.6 5.75 0.76 5.2 3.3 0.6 0.2
5.4 5.56 0.04 5 3.4 0.1 0.2
5.2 5.31 0.21 4.8 3.2 0.2 0.1
4.8 3.9 4.97 3.99 0.38 -0.58 4.2 3.6 3 2.6 0.4 -0.5 0.4 -0.7
3.7 3.82 0.8 3.4 2.4 0.6 0.5
3.6 3.67 0.38 3.5 2.5 0.3 0.3
3.5 3.1 2.8 3.51 3.11 2.81 0.71 -0.04 -0.25 3 2.8 2.4 2.1 2.2 2.1 0.6 -0.1 -0.4 0.6 0.1 -0.3
3.2 3.16 0.12 2.6 2.3 0.1 0.2
2.9 2.93 0.37 2.5 2.1 0.5 0.4
2.6 2.61 0.49 2.2 2.1 0.4 0.3
3.2 3.07 0.57 2.7 2.6 0.5 0.7
3 2.94 0 2.7 2.6 0.2 0.1
3.1 3.3 3.02 3.29 0.49 -0.41 2.7 2.7 2.4 2.3 0.5 -0.5 0.2 -0.9
3.2 3.18 0.73 2.8 2.3 0.7 0.6
3.3 3.25 0.44 2.8 2.4 0.3 0.4
2.9 2.85 0.32 2.4 2 0.2 0.2
3.1 3.06 0.2 2.7 2.2 0.2 0.4
3.1 3.06 0.2 2.7 2.2 0.2 0.4
3.1 3.06 0.2 2.7 2.2 0.2 0.4
8.3 4.2 6.3 -2 0.1 -0.1
8.8 3.8 6.3 -2 0 -0.1
8.5 4 6.3 -2 0.6 -0.1
9.3 4.1 6.3 -2 0.4 -0.1
13.1 4.2 6.3 -2 0.5 -0.1
14.2 14.9 14.8 17.9 16.3 16.8 18.5 5 5.3 5.6 5.6 5.4 5.8 6.1 6.3 GPGSTOC% 6.3 US6.3 6.3 Purchases 6.3 6.3 6.3 GDP Index Govt & Invest -2 -2 -2 -2 -2 -2 -2 1.1 0.5 1.1 1.1 0.2 0.2 0.3 -0.1 GPGSTOC% -0.1 US-0.1 -0.1 Purchases -0.1 -0.1 -0.1 GDP Index Govt & Invest
16.3 6 6.3 -2 0 -0.1
18.1 6.3 6.3 -2 0.3 -0.1
14.5 5.7 6.3 -2 0 -0.1
13.8 5.4 6.3 -2 0.2 -0.1
8.9 4.8 6.3 -2 -0.2 -0.1
6.5 4 6.3 -2 0.4 -0.1
7.7 4.1 6.3 -2 0.6 -0.1
5.4 3.7 6.3 -2 0.6 -0.1
1.1 3.3 6.3 -2 0.7 -0.1
0.1 2.8 6.3 -2 -0.3 -0.1
-2.6 1.8 6.3 -2 0.1 -0.1
1.2 2.3 6.3 -2 0.5 -0.1
-0.8 2.5 6.3 -2 0.5 -0.1
0.2 2.6 6.3 -2 0.2 -0.1
-0.1 2.1 6.3 -2 -0.3 -0.1
0.6 2.1 6.3 -2 -0.2 -0.1
1.9 2.1 6.3 -2 0.4 -0.1
2.2 2.3 6.3 -2 0.7 -0.1
0.8 1.9 6.3 -2 0.2 -0.1
-0.1 0.9 6.3 -2 -0.2 -0.1
2.2 1.2 6.3 -2 0 -0.1
2.2 1.2 6.3 -2 0 -0.1
2.2 1.2 6.3 -2 0 -0.1
7.8 4.4 0.7 2.1 1.6 1
7.7 4.4 1.9 2.1 1.6 0.5
7.9 4.4 -5.2 2.1 1.6 0.5
7.8 4.4 -2.8 2.1 1.6 0.5
7.8 4.4 -5.4 2.1 1.6 -0.5
7.9 4.5 3.7 2.1 1.6 -0.5
8.1 4.8 19.1 2.1 1.6 0.6
8.3 4.9 13.4 2.1 1.6 1.7
8.3 4.9 2.5 2.1 1.6 1.7
8.4 4.9 0.2 2.1 1.6 1.7
8.4 4.9 1.9 2.1 1.6 2.1
8.3 4.8 7.3 2.1 1.6 2.1
8.3 4.8 4.5 2.1 1.6 2.1
8.2 8.1 4.8 4.7 -5.4 -12.8 2.1 2.1 1.6 1.6 3.2 3.2
8.1 4.8 6.9 2.1 1.6 3.2
8 8.1 7.9 4.8 4.7 4.7 1 -13.6 -14.2 2.1 2.1 2.1 1.6 1.6 1.6 3.7 3.7 3.7
7.8 4.7 0.8 2.1 1.6 3.3
7.8 4.7 6 2.1 1.6 3.3
7.7 7.8 7.8 4.7 4.6 4.6 -8.9 -15.8 -10.7 2.1 2.1 2.1 1.6 1.6 1.6 3.3 3.3 3.3
7.9 4.6 -5.3 2.1 1.6 3.3
7.8 7.8 4.6 4.5 -9.9 -11.8 2.1 2.1 1.6 1.6 3.3 3.3
7.8 4.5 -8.6 2.1 1.6 3.3
7.8 4.5 -8.6 2.1 1.6 3.3
7.8 4.5 -8.6 2.1 1.6 3.3
5 0.7 6.2 0.9 0.4 -4.81 -18.6 -3.07 -5.77
4.5 0.4 5.3 0 0.5 3.32 6.33 2.99 3.58
4.1 0.2 6.1 0.8 0.2 3.32 6.33 2.99 3.58
3.6 3.7 4 0.2 -0.3 0.3 5 4.2 5.4 0.1 -0.9 0.5 0.1 -0.3 -0.3 3.32 4.91 4.91 6.33 1.91 1.91 2.99 5.25 5.25 3.58 -0.52 -0.52
1.1 -0.8 -2.2 -1.4 -0.5 -0.9 -2.1 -2.3 -3 -3.4 -1.9 US GDP 0 Index -1.3 Purchases 1 0.4 -0.6 -0.5 0.1 -0.6 -0.2 GPGSTOC% Govt & Invest 4.8 2.9 2 3.2 2.3 1.8 0.2 0.7 -1 -1 0.5 US-0.1 -0.7 Purchases 1.3 0.1 -0.5 -0.7 0.4 -0.8 0.1 GPGSTOC% GDP Index Govt & Invest -0.3 US0.5 0.7 Purchases 1 0.4 0.7 1 0.1 0.3 GPGSTOC% GDP Index Govt & Invest1 4.91 -4.77 -4.77 -4.77 5.8 5.8 5.8 4.36 4.36 4.36 1.91 -1.41 -1.41 -1.41 20.14 20.14 20.14 16.96 16.96 16.96 5.25 US -5.14 -5.14 -5.14 4.28 4.28 4.28 2.94 2.94 2.94 GPGSTOC% GDP Index Govt Purchases & Invest -0.52 US -1.93 -1.93 -1.93 4.69 4.69 4.69 2.17 2.17 2.17 GPGSTOC% GDP Index Govt Purchases & Invest
-2.5 0.7 0.9 0.9 0 7.32 15.1 6.44 2.3
-3.5 -0.7 0.4 0 0.6 7.32 15.1 6.44 2.3
-57 -57 -57 -57 -57 -57 53.7 53.5 55.4 57.5 58.7 61.5 55.9 54.1 53.3 55.4 54.2 55.9 24 9 11 6 26 9 29 27 24 37 21 24 103.4 100.9 100.4 101.3 102.5 99.6 -1.5 -2.6 -0.4 -2.4 5.2 1 -8.9 -10.3 -17.1 -8.6 -17.7 -17.3
7.8 US7.8 7.7 Purchases 7.8 7.9 GPGSTOC% GDP Index Govt & Invest8 4.5 4.5 4.5 4.6 4.7 4.8 -8.5 US6.4 16.9 22.5 31.3 33.7 GPGSTOC% GDP Index Govt Purchases & Invest 2.1 2.1 2.1 2.1 2.1 2.1 1.6 US1.6 1.6 Purchases 1.6 1.6 1.6 GPGSTOC% GDP Index Govt & Invest -0.5 US0.6 0.6 Purchases 0.6 0.6 0.6 GPGSTOC% GDP Index Govt & Invest
-1.6 -2.1 -1.5 -1.5 -4.2 -0.7 -0.8 -3.7 -3.9 -3 -3 -3.3 -2.4 -2 -1.4 -2.3 -2.3 -2.3 -0.1 -0.4 -0.7 1 -2.4 3.1 -0.6 -2.8 -0.8 0.7 0.7 -1 0.9 0 -0.1 0 0 0 -1.6 -0.9 -1.2 -1.2 -4.2 -0.8 -1.4 -1.6 -2.4 -2.6 -2.5 -3.9 -2.1 -1.7 -0.9 -2.9 -2.9 -2.9 -1.5 0.6 -1 1.3 -2.9 3.1 -1.3 0.2 -1.6 -0.1 1 -1.4 0.4 0.9 -0.2 -0.8 -0.8 -0.8 0.3 0.3 -0.2 0.3 -0.1 0.2 0.1 1 0.9 0.6 0 -0.2 0.1 0.5 0.8 0.8 0.8 0.8 7.32 9.2 9.2 9.2 5.99 5.99 5.99 3.98 3.98 3.98 0.84 0.84 0.84 -16.5 -16.5 -16.5 -16.5 -16.5 15.1 10.41 10.41 10.41 -2.78 -2.78 -2.78 -5.56 -5.56 -5.56 -2.87 -2.87 -2.87 -2.87 -2.87 -2.87 -2.87 -2.87 6.44 9.06 9.06 9.06 7.07 7.07 7.07 5.2 5.2 5.2 1.29 1.29 1.29 1.29 1.29 1.29 1.29 1.29 2.3 -0.21 -0.21 -0.21 1.62 1.62 1.62 0.23 0.23 0.23 -0.79 -0.79 -0.79 -1.9 -1.9 -1.9 -1.9 -1.9
-57 US-57 -57 Purchases -57 -57 -57 -57 -57 -57 -57 -57 -57 -57 GPGSTOC% GDP Index Govt & Invest 60.9 56.7 54.4 52 51.4 49.4 49.4 50.8 47.8 47.7 49.7 52 51.5 56.8 US 57.2 56.7 56 53.7 51.6 51.5 48.8 46.4 47.5 48.8 50.4 48.8 GPGSTOC% GDP Index Govt Purchases & Invest 3 1 30 14 36 19 -3 7 -15 -20 -23 -11 1 33 US 28 40 Purchases 44 46 46 30 34 37 31 17 33 41 GPGSTOC% GDP Index Govt & Invest 102.8 105.5 100.4 102.9 100.6 99.2 93.6 90.2 90.2 89.5 88.9 94 94.3 5.7 8.7 4.8 3 1.6 -2.2 -0.7 -6.8 -11.4 -12.4 -13 -6 -2.5 -4.7 US1.3 -12.1 -3.9 -13.4 -5.9 -25.7 -24.7 -16.3 -22.4 -24.8 -16.3 -23.9 GPGSTOC% GDP Index Govt Purchases & Invest
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
-2.2 2 6.3 -2 -0.6 -0.1
-57 -57 -57 -57 -57 51.9 50.2 45.9 48.4 45.2 49.2 46.9 46.7 47.1 47.9 31 26 -21 -12 -8 40 43 35 36 30 91.8 96.1 91.3 93.3 95 -5.1 -1 -13.8 -10.9 -3.1 -23 -15.1 -16.7 -12.5 -24.4
-57 -57 -57 -57 -57 49.6 48.1 47.3 49.2 51.2 47.2 46.1 46 46.7 47.8 10 10 17 17 20 40 43 26 35 40 91.8 92.3 97.6 100.6 97.1 -13 -8.3 -2.7 -9.5 -4.2 -22 -22.4 -15.8 0 -23.1
-57 -57 50.5 47.9 48.6 47.9 15 13 46 32 97.6 97.1 -9.9 -9.1 -6.4 -11.5
-57 -57 48.6 50.2 46.4 47 20 27 41 43 98.2 96.2 -8 -8 -1.8 -13.9
-57 -57 -57 51.5 52.5 52.5 47.2 48.3 48.3 39 36 36 39 51 51 98 97.3 97.3 -7.7 -12.3 -12.3 -7.9 1.9 1.9
UNITED KINGDOM - ECONOMIC INDICATORS - II/II Indicator
F-10 M-10 A-10 M-10 J-10 J-10 Leading Indicators Conf. Board Leading (index) 99.1 99.8 100.1 100.1 100.8 101.2 Conf. Board Leading (yoy %) 9.62 11.14 10.49 9.28 8.74 8.35 Conf. Board Leading (mom %) 0.8 US0.7 0.3 Purchases 0 0.7 0.4 GPGSTOC% GDP Index Govt & Invest Conf. Board Coincident (index) 101.6 101.8 102 102.1 102.5 102.6 Conf. Board Coincident (yoy %) -0.29 0 0.1 0.29 0.69 0.69 Conf. Board Coincident (mom %) 0.2 US0.2 0.2 Purchases 0.1 0.39 0.1 GPGSTOC% GDP Index Govt & Invest OECD Leading Indicators for the U.K. (index) 105.7 105.6 105.5 105.3 105 104.8 OECD Leading Indicators for the U.K. (6-mo %) -9.71 US -9.71 -9.71 -9.71 -9.71 -9.71 GPGSTOC% GDP Index Govt Purchases & Invest Housing Market BBA Mortgage Lending Outstanding (£ Tn) 760.3 762.2 763.7 765.8 775.4 777.8 BBA Loans for House Purchase (£ Bn) 33494 35394 36765 34866 34208 GPGSTOC% US GDP Index Govt 36622 Purchases & Invest Mortgage Approvals sa (000s) 46.57 49.34 50.36 50.29 48.91 48.87 BoE Housing Equity Withdrawal (£ Bn) -5.5 -6.7 -6.7 -6.7 -7.8 -7.8 BSA Mortgage Approvals sa (£ Mn) 1482 US 1382 1460 1528 1584 1756 GPGSTOC% GDP Index Govt Purchases & Invest RICS House Price Balance (% rise-fall) 14.9 US8.1 16 Purchases 18 -11 GPGSTOC% GDP Index Govt &5 Invest HBOS House Price (3-mo. yoy %) 4.5 5.2 6.6 6.9 6.3 4.9 Rightmove Property Asking Prices (yoy %) 6.1 5.3 6 4.3 5 3.7 Nationwide House Price nsa (yoy %) 9.2 9 10.5 9.8 8.7 6.6 DCLG House Prices (yoy %) 7.3 US9.7 9.8 Purchases 10.6 9.9 8.2 GPGSTOC% GDP Index Govt & Invest Retail Sales Retail Sales (yoy %) 2.8 1.9 0.8 2.1 1.1 1.1 Retail Sales (mom %) 2.7 US-0.2 -0.1 Purchases 0.6 0.4 GPGSTOC% GDP Index Govt &0 Invest Retails Sales Implied Deflator (yoy %) 1 US1.4 1.9 Purchases 1.4 1.2 1.5 GPGSTOC% GDP Index Govt & Invest New Car Registrations (000s) 68.69 397.4 148.8 153.1 195.2 136.5 New Car Registrations (yoy % chg) 26.4 US 26.6 11.5 13.5 10.8 -13.2 GPGSTOC% GDP Index Govt Purchases & Invest Consumer Confidence GfK Consumer Confidence Index -14 -15 -16 -18 -19 -22 Nationwide's Consumer Confidence Index 83 75 77 69 64 57 Lloyds Inflation Consumer Expectations (% bal) 66 69 61 75 78 72 Lloyds Interest Rates Consumer Expectations (% bal) 62 US 59 60 Purchases 62 63 63 GPGSTOC% GDP Index Govt & Invest Personal Sector Consumer Credit (£ Bn) 0.404 0.136 -0.09 0.359 -0.07 0.16 Consumer Net Credit Secured on Dwellings (£ Bn) 1.138 US 0.273 0.215 1.038 0.875 -0.33 GPGSTOC% GDP Index Govt Purchases & Invest External Sector Current Account BOP sa (£ Bn) -1.72 -9.45 -9.45 -9.45 -8.56 -8.56 Capital Account BOP sa (£ Mn) 872 1096 1096 1096 827 827 Current Account Balance (% of GDP) -1.41 US -1.71 -1.71 -1.71 -1.54 -1.54 GPGSTOC% GDP Index Govt Purchases & Invest Visible Trade Balance sa (£ Mn) -6574 -8409 -7891 -8194 -7387 -8949 Trade Balance Non-EU 27 sa (£ Mn) -3430 US -4697 -4072 -4365 -4331 -4791 GPGSTOC% GDP Index Govt Purchases & Invest Total Trade Balance BOP sa (£ Mn) -1298 -3002 -2351 -2574 -1738 -3317 Exports BOP (£ Bn) 35936 36511 36820 37009 38606 37496 Imports BOP (£ Bn) 37234 39513 39171 40344 40813 GPGSTOC% US GDP Index Govt 39583 Purchases & Invest Government Sector Gov't Budget Balance (% of GDP) -11 -11 -11 -11 -10.7 -10.7 Public Net Debt - PSNCR (% of GDP) 153.3 US 153.6 152.6 152 152.1 150.9 GPGSTOC% GDP Index Govt Purchases & Invest Public Finances - PSNCR (£ Mn) -5.96 12.97 -8.26 -0.06 7.316 -11 Public Sector Net Borrowing (£ Bn) 7.691 US 17.49 6.129 16.43 11.63 1.101 GPGSTOC% GDP Index Govt Purchases & Invest Monetary Sector M4 Money Supply sa (yoy %) 4 3.4 3.3 2.4 3 2.3 M4 Money Supply sa (mom %) -0.5 US GDP 0 Index -0.3 Purchases -0.6 0.3 GPGSTOC% Govt &0 Invest M4 Lending to Private Sector sa (£ Bn) -5.8 US4.5 -12 Purchases -13.8 -2.9 -12.2 GPGSTOC% GDP Index Govt & Invest Financial Sector BoE Base Rate (%) 0.5 0.5 0.5 0.5 0.5 0.5 3-Month Libor Rate (%) 0.643 0.647 0.677 0.711 0.73 0.745 10-Year Gov't Bond Yield (%) 4.031 3.939 3.852 3.581 3.355 3.325 Stock Prices Index (FTSE 100, 000s) 0 0 0 0 0 0 USD/GBP Exchange Rate 0 0 0 0 0 0 Pound Major Currency Index 81.27 US 81.27 81.27 81.27 81.27 81.27 GPGSTOC% GDP Index Govt Purchases & Invest
A-10
S-10
O-10
N-10
D-10
J-11
J-11
A-11
S-11
O-11
N-11
D-11
A-12 M-12
J-12
J-12
A-12
S-12
O-12
101.5 7.52 0.3 102.8 1.08 0.19 104.7 -9.71
101.6 6.61 0.1 102.6 0.79 -0.19 104.6 -9.71
101.8 5.82 0.2 102.5 0.59 -0.1 104.5 -9.71
101.6 4.74 -0.2 102.5 0.59 0 104.5 -9.71
102.1 4.72 0.5 102.4 0.69 -0.1 104.5 -9.71
102.4 4.17 0.3 102.7 1.28 0.29 104.5 -9.71
102.8 103.2 103.5 104.1 104.2 104.7 3.73 3.41 3.4 4 3.37 3.46 0.4 US0.4 0.3 Purchases 0.6 0.1 0.5 GPGSTOC% GDP Index Govt & Invest 102.5 102.5 102.7 102.5 102.3 102.2 0.89 0.69 0.69 0.39 -0.2 -0.39 -0.19 US GDP 0 Index 0.2 Purchases -0.19 -0.2 -0.1 GPGSTOC% Govt & Invest 104.5 104.4 104.2 103.9 103.6 103.2 -9.71 US -9.71 -9.71 -9.71 -9.71 -9.71 GPGSTOC% GDP Index Govt Purchases & Invest
104.3 2.76 -0.4 102.1 -0.68 -0.1 102.8 -9.71
103.8 2.17 -0.5 102.2 -0.39 0.1 102.4 -9.71
103.3 1.47 -0.5 102.3 -0.2 0.1 102.1 -9.71
102.3 0.69 -1 102.3 -0.2 0 101.9 -9.71
101.5 -0.59 -0.8 102.3 -0.1 0 101.8 -9.71
102 102.7 103.4 103.3 102.2 -0.39 -0.1 0.19 -0.19 -1.83 0.5 0.7 0.7 -0.1 -1.1 102.5 102.6 102.9 103 103.6 -0.19 0.1 0.39 0.29 1.07 0.2 0.1 0.29 0.1 0.58 101.9 102 102 102.1 102.2 -9.71 -9.71 -9.71 -9.71 -9.71
102.2 -1.92 0 103.7 1.37 0.1 102.3 -9.71
102.7 -1.91 0.5 104 1.76 0.29 102.5 -9.71
103.1 -1.15 0.4 103.9 1.76 -0.1 102.7 -9.71
103 -0.77 -0.1 103.8 1.57 -0.1 102.9 -9.71
102.3 -0.97 -0.7 104 1.66 0.2 103.1 -9.71
751.1 30902 46.92 -7.8 1708 -28 4.6 4.3 3.9 8.1
753.1 30843 47.13 -7.8 1778 -32 2.6 2.6 3.1 6.1
754.2 29774 46.42 -7.8 1725 -43 1.2 2.9 1.4 4.9
755.4 29206 46.61 -7.8 1864 -39 -0.7 1.3 0.2 3.7
756.3 28048 42.23 -9.8 1665 -37 -1.6 0.4 0.1 3
757.6 28593 44.97 -9.8 1750 -32 -2.4 0.4 -1.4 0.1
757.9 758.7 758.8 759.9 761.5 762.6 30111 31924 30253 33028 34527 GPGSTOC% US GDP Index Govt 31554 Purchases & Invest 46.54 47.79 46.05 46.52 49.27 50.21 -9.8 -9.4 -9.4 -9.4 -10.1 -10.1 1815 US 1783 1724 1689 1819 1770 GPGSTOC% GDP Index Govt Purchases & Invest -29 US-27 -23 Purchases -32 -27 -20 GPGSTOC% GDP Index Govt & Invest -2.8 -2.9 -3.7 -4.2 -3.5 -2.6 0.3 0.9 0.1 0.7 1.1 0.1 -0.1 0.1 -1.3 -1.2 -1.1 -0.4 -0.2 US0.3 -0.7 Purchases -2.5 -2.3 -1.6 GPGSTOC% GDP Index Govt & Invest
764 35369 53.08 -10.1 1770 -20 -2.6 -0.3 -0.4 -1.5
765.4 33250 51.03 -8.6 1770 -20 -2.3 1.5 -0.3 -1.6
766.1 34215 52.31 -8.6 1770 -22 -1.8 1.2 0.8 -0.5
766.6 33759 52.18 -8.6 1770 -15 -1 1.2 1.6 -0.5
767.1 34780 52.43 -8.2 1770 -17 -1.3 1.5 1 -0.4
767.6 37894 57.83 -8.2 1770 -17 -1.8 0.4 0.6 0.6
775.5 28198 47.42 -9.4 1770 -21 -0.5 2.4 -1.5 2.3
776.2 28470 46.76 -9.4 1770 -22 -0.6 2.3 -2.6 2
776.5 776.8 776.9 777.5 777.4 30797 31110 32824 33285 33539 47.85 50.2 52.87 53.85 55.67 -9.4 -7.9 -7.9 -7.9 -8.3 1770 1770 1770 1770 1770 -16 -13 -6 -8 0 -0.9 -1.2 -1.7 -1.3 -0.3 2 0.7 1.5 2 1.4 -0.7 -1.4 -0.9 -1.2 -1 1.9 1.7 1.4 2.2 3.3
0.9 -0.1 0.1 -0.1 -1.6 3.1 -0.1 -0.9 0.3 0.3 -1.3 1.4 1.6 2.4 2.3 2.8 3 3 55.31 335.3 131.5 139.9 123.8 128.8 -17.5 -8.9 -22.2 -11.5 -18 -11.5 -18 61 75 58
-20 56 73 57
-19 58 79 57
-21 47 80 59
-21 53 84 61
F-11 M-11
A-11 M-11
J-11
-0.5 -0.3 2 -1.2 -1.2 -1.2 -1.5 0 0.5 -0.9 US GDP 0 Index 2.2 Purchases -2.5 0.3 -0.4 0.7 0.8 GPGSTOC% Govt &0 Invest 3.6 US2.9 3.2 Purchases 3.4 3.3 3.8 4 3.6 3.4 GPGSTOC% GDP Index Govt & Invest 63.42 366.1 137.8 150.4 183.1 131.6 59.35 332.5 134.9 -7.7 US-7.9 -7.4 Purchases -1.7 -6.2 -3.5 7.3 -0.8 2.6 GPGSTOC% GDP Index Govt & Invest
-29 -28 -28 -31 -21 -25 -30 47 39 46 45 60 53 48 84 84 80 75 79 78 80 67 GPGSTOC% 77 US 68 70 Purchases 66 61 58 GDP Index Govt & Invest
-31 46 79 45
-30 46 76 47
-32 41 70 45
J-13
J-13
103.4 -0.58 0.4 104.3 1.17 0.2 103.5 -9.71
103.6 -0.58 0.2 104.3 1.17 0 103.5 -9.71
103.6 -0.58 0.2 104.3 1.17 0 103.5 -9.71
103.6 -0.58 0.2 104.3 1.17 0 103.5 -9.71
103.6 -0.58 0.2 104.3 1.17 0 103.5 -9.71
780.6 31692 53.99 -8.8 1770 -1 1.1 1.2 0.8 2.7
779.5 32952 54.35 -8.8 1770 2 2 0.4 0.9 2.6
779.3 36102 58.24 -8.8 1770 5 2.6 2.5 1.1 2.6
779.3 36102 58.24 -8.8 1770 21 3.7 2.7 1.9 2.6
779.3 36102 58.24 -8.8 1770 21 3.7 2.7 1.9 2.6
-0.3 1.4 0.3 0.4 2.4 -1 2.2 2.9 2.4 2.8 2.6 1.1 1.8 1 0.2 3.2 0.6 0.6 2.1 -0.4 0.3 0.3 -0.8 2 -1.2 0.6 0.7 -0.2 -0.1 0.5 -0.6 0.2 -0.5 -0.5 2.1 -0.6 -1.2 2.1 2.7 2 2.1 2.3 2.5 1.7 1.3 0.7 0.5 0.3 0.5 0.8 0.5 0.8 1.2 0.8 1 0.9 1.4 134 119.2 128.9 61.87 372.8 142.3 162.3 189.5 143.9 59.43 359.6 151.3 149.2 123.6 143.6 66.75 394.8 163.4 180.1 -4.2 -3.7 0 -2.5 1.8 3.3 7.9 3.5 9.3 0.1 8.2 12.1 11.3 3.7 11.5 7.9 5.9 14.8 10.98
2.1 2.1 1.4 215 13.4
2.1 2.1 1.4 215 13.4
-21 44 72 42
-21 44 72 42
-31 40 70 47
-33 36 65 46
J-12
-29 44 59 41
F-12 M-12
767.3 33026 49.94 -8.2 1770 -16 -1.9 1.4 0.9 1
-29 42 61 39
768.2 32008 50.94 -8.7 1770 -12 -0.6 2.2 -0.9 -0.4
-31 52 70 47
767.6 32436 51.67 -8.7 1770 -19 -0.5 3.4 -0.9 1.4
-31 45 75 46
768.1 29079 48.68 -8.7 1770 -19 -0.1 2 -0.7 2.3
-29 44 70 45
-29 44 70 43
-29 44 71 39
0 0.1 0.3 -0.1 0.8 -0.3 0.8 0.5 0.5 0.3 0.4 0.3 0.5 0.6 0.1 0.4 0 0.2 0.3 0.7 0.4 0.8 0.6 0.6 1.783 0.398 0.866 0.801 -0.39 1.406 GPGSTOC% 0.637 US 0.557 0.697 1.337 -0.19 0.701 1.084 0.532 1.436 0.804 0.758 1.495 0.847 1.007 1.136 0.204 0.378 0.842 GDP Index Govt Purchases & Invest -8.56 827 -1.54 -8549 -4444 -3004 37276 40280
-12.3 -3.24 -3.24 -3.24 -4.33 -4.33 1030 637 637 637 918 918 -2.69 US -2.25 -2.25 -2.25 -1.96 -1.96 GPGSTOC% GDP Index Govt Purchases & Invest -7124 -8009 -7314 -8613 -8547 -9024 -2909 US -4895 -4526 -5277 -5485 -5260 GPGSTOC% GDP Index Govt Purchases & Invest 284 -957 -1329 -3421 -3412 -3151 41713 40909 40314 40245 39444 40802 41429 41866 41643 42856 43953 GPGSTOC% US GDP Index Govt 43666 Purchases & Invest
-4.33 918 -1.96 -8640 -4973 -1971 40881 42852
-9.39 -9.39 983 983 -1.92 -1.92 ##### -8000 -5687 -4609 -3070 -1073 41311 42941 44381 44014
-10.7 -10.3 -10.3 -10.3 -9.9 -9.9 -9.9 -9.28 -9.28 -9.28 -9.03 -9.03 150 150.2 149.5 149.9 150.8 148.9 GPGSTOC% 148.5 US 149.2 148.5 148.4 148.8 147.4 GDP Index Govt Purchases & Invest -2.94 12.83 -6.42 8.168 16.65 -22.5 -1.07 17.78 -4.74 3.482 12.21 -19.8 11.71 13.2 6.032 18.46 15.27 -8.42 GPGSTOC% 6.198 US 14.86 6.355 11.66 10.62 -5.32 GDP Index Govt Purchases & Invest
-9.03 147.3 -2.02 12.13
-8.41 146.6 6.068 11.22
1.9 -0.7 -17.7
-9.7 684 -2 -8328 -4204 -2962 37429 40391
1.1 0.5 -0.7
-9.7 684 -2 -8288 -4766 -3114 38140 41254
-9.7 684 -2 -8646 -5144 -3305 38598 41903
-12.3 1030 -2.69 -9206 -5547 -3218 39336 42554
-12.3 1030 -2.69 -7857 -4350 -908 41099 42007
-9.39 983 -1.92 -9208 -5010 -2710 41675 44385
-5.51 773 -1.46 -7606 -3887 -1542 41550 43092
-5.51 773 -1.46 -8203 -3813 -2395 41426 43821
-29 44 75 40
-28 44 78 45
-30 44 77 41
0.6 0.6 0.6 -0 0.572 0.427 -15.3 980 -3.29 -9531 -4427 -3024 40462 43486
D-12
J-13
F-13 M-13
102 102 102.4 103 -0.29 0.3 0 -0.29 -0.3 0 0.4 0.6 104.1 104.1 103.9 104.1 1.76 1.76 1.37 1.46 0.1 0 -0.2 0.2 103.3 103.4 103.5 103.5 -9.71 -9.71 -9.71 -9.71
-22 44 78 40
-29 44 81 41
777.4 32441 54.66 -8.3 1770 -4 1.3 2.4 0 2.1
-26 44 79 42
776.3 31038 52.31 -8.3 1770 -6 1.9 1.1 0 1.9
-26 44 77 40
-26 44 78 35
A-13 M-13
-27 44 74 38
-22 44 70 36
0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.39 0.939 0.245 0.783 0.405 0.739 0.282 0.282 0.282
-5.51 773 -1.46 -8786 -4675 -3067 40433 43500
-12.5 940 -2.05 -8730 -4314 -2977 41950 44927
-12.5 -12.5 940 940 -2.05 -2.05 ##### -8111 -5127 -3681 -4539 -2117 39779 41950 44318 44067
-17.8 939 -2.92 -9428 -4786 -3302 40263 43565
-17.8 939 -2.92 -7292 -2918 -1042 42362 43404
-8.41 -8.41 -7.75 -7.75 -7.75 145.3 145 145.4 142.5 141.2 -15.2 -3.68 8.006 -35.6 -11.3 3.521 13.97 12.44 -9.04 9.221
-7.67 141.2 13.42 14.18
-7.67 139.6 -26.3 -18.5
-5.81 138.4 -0.33 9.664
-5.81 -5.81 -5.93 -5.93 -5.93 138.1 138 138.8 138.8 139.2 -8.64 6.599 15.46 1.138 9.098 -2.61 12.11 10.78 6 13.66
-7.67 138.6 -6.75 13.48
-17.8 -15.3 939 980 -2.92 -3.29 ##### -8650 -5212 -3973 -3977 -2213 41122 41270 45099 43483
N-12
-15.3 980 -3.29 -9499 -4582 -2932 40387 43319
-13.6 929 -3.79 -8939 -4151 -2316 41406 43722
-13.6 929 -3.79 -8208 -3417 -1518 40984 42502
-13.6 929 -3.79 -9137 -4237 -2354 40928 43282
-14.5 614 -3.9 -9175 -3466 -2276 42224 44500
-14.5 614 -3.9 -8430 -3428 -2073 41609 43682
-14.5 614 -3.9 -8491 -4093 -2435 41845 44280
-14.5 614 -3.9 -8491 -4093 -2435 41845 44280
-14.5 614 -3.9 -8491 -4093 -2435 41845 44280
-6.06 -6.06 -6.06 -5.41 -5.41 140.2 138.4 138.4 140 139.8 16.88 -21 -1.75 31.29 -11 12.89 -7.45 5.91 12.48 6.623
-5.41 140.3 3.074 10.54
-5.41 140.3 3.074 10.54
-5.41 140.3 3.074 10.54
-0.7 -1.1 -1.5 -1.8 -1.6 -1.3 -1 -0.3 -0.6 -1 -0.7 -1.6 -2.7 -2.5 -2.4 -2.4 -3.9 -4.7 -4.2 -4.3 -5.5 -4.9 -4.2 -3.8 -3.2 -2.9 -1 -0.8 0.6 0.3 -0.1 -0.1 -0.1 -0.1 0.8 -0.7 -1.4 0.8 GPGSTOC% -0.3 US0.3 0 Purchases 0 -0.3 -0.1 -0.4 -0.4 -0.3 -0.5 -1.3 0.8 -1.8 -0.5 0.6 -0.1 -1.6 0.5 0.3 0.1 0.3 -0.2 0.7 1 -0.5 -0.9 0.3 -0.1 -0.1 -0.1 GDP Index Govt & Invest 27.7 -28.8 -30.2 -30.2 GPGSTOC% -30.2 US -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 -30.2 GDP Index Govt Purchases & Invest
0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.725 0.732 0.741 0.739 0.758 0.777 0.803 0.818 0.822 0.826 0.826 0.833 0.886 0.953 0.987 1.038 1.08 1.083 1.06 1.027 1.013 0.993 0.895 0.744 0.681 0.597 0.528 0.523 0.515 0.511 0.508 0.507 0.504 0.506 0.51 0.508 2.832 2.95 3.076 3.225 3.396 3.656 3.602 3.689 3.43 3.292 3.38 2.859 2.603 2.43 2.437 2.312 1.977 1.97 2.149 2.204 2.113 1.571 1.734 1.47 1.464 1.727 1.852 1.775 1.828 2.097 1.973 1.768 1.69 2.002 2.443 2.434 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 81.27 81.27 81.27 81.27 81.27 81.27 GPGSTOC% 81.27 US 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 81.27 GDP Index Govt Purchases & Invest
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