08.02.2013
Economic Forecast - Composite Real GDP (yoy %)
CPI (yoy %)
Policy Rate (%)
Q1 13 Q2 13 Q3 13 Q4 13 Q1 13 Q2 13 Q3 13 Q4 13
Unemployment (%)
Curr Acct (% of GDP)
Budget (% of GDP)
3-Month Rate (%)
2-Year Note (%)
10-Year Note (%)
FX forecasts
Q1 13 Q2 13 Q3 13 Q4 13 Q1 13 Q2 13 Q3 13 Q4 13 Q1 13 Q2 13 Q3 13 Q4 13 Q1 13 Q2 13 Q3 13 Q4 13 Q1 13 Q2 13 Q3 13 Q4 13 Q1 13 Q2 13 Q3 13 Q4 13 Q1 13 Q2 13 Q3 13 Q4 13
Q1 13 Q2 13 Q3 13 Q4 13
LatAm Argentina
0.85
3.35
2.9
3
10
10.4
10.8 Deposit 1DY Rate
Brazil
2.5
3.1
3.45
3.5
6.2
6.2
5.9
5.55 SELIC Rate
Chile
4.9
4.3
4.4
4.7
1.5
2.4
2.95
3.1
Colombia
4.3
4.4
4.8
4.9
3
3
3.2
3.05 Deposit Rate
Mexico
2.95
3.55
3.8
3.7
3.8
3.8
3.41
3.6
Overnight rate
4.5
4.5
Peru
6.3
5.85
5.4
5.6
3.3
2.5
2.6
2.8
Reference Rate
4.25
4.25
Venezuela
-3.7
-0.7
-0.8
1
22
29.4
29.6
29.8 Deposit Rate
Monetary Policy Rate
8.15
7.6
7.55
7.5
-0.1
0.3
0
-0.2
-0.4
-0.4
-0.4
-0.6
USD/ARS
5.12
5.31
5.53
5.76
5.8
5.5
5.2
4.65
-2.7
-2.4
-2.7
-2.8
-2.5
-2.5
-2.4
-2.3
USD/BRL
2.04
2.03
2.04
2.02
USD/CLP
470
472.5
472
475
USD/COP
1778
1773
1768
1778
USD/MXN
12.65
12.5
12.4
12.25
USD/PEN
2.55
2.53
2.52
2.51
25.85 25.65
25.5
7.25
7.13
7.13
7.13
5
5
5.13
5.25
4.5
4.5
4.63
4.63
10.3
10.1
9.6
9.55
-2.5
-2.9
-3.3
-2.8
4.5
4.5
4.81
4.7
4.68
4.6
-0.65
-0.6
-0.85
-1
4.25
4.25
-4 -2.2 -2.8
4.95
5.04
5.1
5.09
5.44
5.54
5.6
5.67
USD/VEF
Eastern Europe Czech Republic
-1
3.35
2.9
3
2.05
2.2
2.2
2.5
2w Repo rate
0
0
0
0.13
7.7
7.4
Hungary
-0.8
-0.4
0.05
0.3
3.7
3.6
3.6
3.7
Base Rate
5.13
4.88
4.88
4.88
11.75
11
Poland
0.5
1
1.5
2.1
1.9
1.7
2
2.3
Reference Rate
3.63
3.38
3.38
3.38
14
13.1
13.1
13.8
Slovakia
1.1
2.45
3.05
3.05
3.1
3
2.8
2.7
Key policy rate
13.8
13.3
13.2
13.1
Russia
2.6
3.1
3.5
3.55
6.8
6.5
6.2
5.9
Refinance Rate
8.25
8.13
8
7.88
5.8
5.7
5.6
5.6
Turkey
4
4.1
4.4
3.2
6.3
6.8
6.75
6.3
1wk Repo Rate
5.5
5.5
5.5
5.25
9.1
8.9
8.8
9.1
1wk Repo Rate
6
5.5
5.5
5.5
1.5
1.5
1.5
1.63
5
5
4.88
5
Iceland
7.6
8
10.85 10.85
-0.2
-0.4
-0.4
-1.5
1.5
1.3
1.3
1.4
-3.15
-2.95
-2.5
-2.45
5.4
3.05
1.25
2
0.45 3.73 -2.1
-1.6
-1.7
0.45 3.6
0.45 3.62
0.48 3.63
0.26
0.33
0.46
0.61
3.11
3.05
3.21
3.34
1.7
1.7
1.8
1.9
2.09
2.16
2.28
2.48
EUR/CZK
25.7
5.9
5.9
5.97
6.1
EUR/HUF
291
290
289
285
3.88
3.87
4
4.17
EUR/PLN
4.15
4.15
4.09
4.05
USD/RUB
30
30.4
30.35
30.4
USD/TRY
1.78
1.79
1.78
1.77
USD/ILS
3.75
3.78
3.78
3.8
USD/ZAR
8.8
8.72
8.6
8.51
6.65
6.74
EUR/SKK
-1.5 5.58
5.6
5.63
5.63
6.04
6.15
6.18
6.2
6.7
6.75
6.9
7.3
USD/ISK
MEA Israel
2.9
3.3
3.6
3.6
1.3
1.9
South Africa
2.4
2.5
2.95
3.5
5.7
5.8
Discount rate 6.15
5.5
Repo Rate
25.5
25.3
25.1
24.9
-5.5
-6
-6.1
-6.2
5.28
5.32
5.15
5.33
5.26
5.3
5.25
5.58
6.97
6.95
6.85
6.89
Bahrain
O/N Repo Rate
Egypt
Re Discount Rate
USD/BHD USD/EGP
6.47
6.54
Kuwait
Discount rate
USD/KWD
0.28
0.27
Oman
Repo Rate
USD/OMR
Qatar
Repo Rate
USD/QAR
Saudi Arabia
Re Repo Rate
USD/SAR
3.75
3.75
3.75
United Arab Emirates
1wk Repo Rate
USD/AED
3.67
3.67
3.67
0.27 3.64
Asia China
8.1
8.2
8.3
8.05
2.6
3
3.4
3.5
Lending Rate
Hong Kong
2.9
4.3
4.4
3.7
3.6
3.8
4.4
3.4
Base Rate
6
6
6
6.13
4.1
4.1
4.1
4.1
3.7
3.8
3.7
3.5
1.65
2.4
2.6
2.65
India
5.8
5.6
6
6.3
8.9
8.35
8.1
7.95 Reverse Repo Rate
6.63
6.38
6.25
6.25
Indonesia
6.2
6.3
6.3
6.45
4.7
4.6
5.25
5.1
Reference Rate
5.75
5.75
5.88
6
South Korea
2.3
3.1
3.9
4
2.1
2.4
3.1
2.8
Base Rate
2.63
2.5
2.63
2.75
3.4
3.2
3.2
3.1
2.2
2.1
2.1
2.2
Malaysia
4.8
4.6
4.7
5.3
1.7
2.1
2.4
2.5
BN Interbank ON
3
3.13
3.13
3.25
3.2
3.1
3
3
9.5
9.6
9.6
9.7
Phillipines
5
5.65
6.3
6
3.65
3.8
3.7
3.85 Repo Rate
3.5
3.5
3.5
3.75
6.85
6.9
6.6
6.9
3.6
2.5
Singapore
2.9
2.65
4.55
4.95
4.1
3.8
3.6
3.7
Domestic IBOR rate
2
2.1
2
Taiwan
3.3
3.9
3.6
3.75
1.85
1.4
1
1.9
Discount Rate
1.88
2
2
2.13
4.4
4.4
4.4
Thailand
5.3
4
4.3
5.2
3.6
3.6
3.4
3.25 Repurchase Rate
2.75
2.63
2.75
2.88
0.7
0.6
0.6
Vietnam
5.55
5.85
6.15
6.1
8.3
10.5
10.4
8.8
1.6
0.45
-2.35
-5.85
3.07
3.1
3.18
3.22
3.64
3.69
3.7
3.75
USD/CNY
6.21
6.17
6.14
6.1
0.16
0.18
0.18
0.19
1.02
1.07
1.3
1.19
USD/HKD
7.76
7.76
7.76
7.76
7.5
7.25
7
7
7.84
7.75
7.78
7.78
USD/INR
53.5
53.5
53
53
5.56
5.92
5.98
6.04
USD/IDR
9752
9800
9700
9632
2.93
3.07
3.26
3.43
USD/KRW
1069
1050
1040
1030
3.72
3.64
3.66
3.67
USD/MYR
3.05
3.02
3.01
3
5.17
5.43
5.41
5.41
USD/PHP
40.5
40.3
39.9
39.5
1.43
1.6
1.79
1.88
USD/SGD
1.22
1.21
1.2
1.19
1.27
1.31
1.36
1.39
USD/TWD
29
28.8
28.7
28.6
3.56
3.5
3.49
3.5
USD/THB
30
29.8
29.7
29.5
0.4
0.41
0.45
0.44
4.83
4.9
5.02
5.22
3.18
3.34
3.35
3.4
1.43
1.59
1.69
1.96
2.2
0.39
0.39
0.4
0.43
0.27
0.26
0.28
0.29
4.3
0.9
0.95
1
1.05
0.7
0.8
0.8
0.8
0.6
2.88
2.81
2.98
3.05
2.68
2.68
2.7
2.85
-3.3
-2.8
-3.4
-4
-5.8
-4.2
-3.7
-3.7
-3.9
Base Rate
USD/VND 21000 21000 21000 21000
G-10 USA
1.5
2.1
2.5
2.7
1.7
2
2
2
Fed Funds Rate
0.25
0.25
0.25
0.25
7.8
7.7
7.6
7.5
-2.8
-2.8
-2.8
-2.8
0.32
0.32
0.33
0.36
0.26
0.29
0.36
0.43
1.86
1.97
2.09
2.25
EUR/USD
1.32
1.3
1.31
Japan
1.6
2.25
2.55
2.8
-0.2
-0.1
0.2
0.3
BOJ overnight rate
0.1
0.1
0.1
0.1
4.2
4.2
4.1
4.05
0.85
1
1.1
1.05
-7
-5.8
-5.75
-5.8
0.22
0.21
0.21
0.21
0.09
0.09
0.1
0.1
0.81
0.85
0.92
0.98
USD/JPY
90
90
92
1.3 93
Euro
-0.6
-0.4
-0.1
0.45
2
1.9
1.8
1.7
ECB Rate
0.75
0.63
0.63
0.63
11.9
12
12
11.9
1.7
1.5
1.4
1.9
0.24
0.23
0.27
0.3
EUR/USD
1.32
1.3
1.31
1.3
United Kingdom
0.7
1.4
0.8
1.2
2.65
2.8
2.7
2.2
Official Bank Rate
0.59
0.59
0.61
0.64
0.31
0.37
0.46
0.54
1.98
2.07
2.21
2.3
USD/GBP
1.59
1.58
1.58
1.58
Canada
1.8
2.05
2.3
2.5
1.3
1.4
1.9
2
1.21
1.25
1.33
1.46
1.16
1.28
1.4
1.68
1.93
2.06
2.21
2.38
USD/CAD
0.99
0.98
0.98
0.98
Australia
2.4
2.5
2.8
2.95
2.9
3.05
2.4
3.05
2.95
2.86
2.9
2.66
2.59
2.64
2.74
3.23
3.2
3.28
3.42
USD/AUD
1.05
1.04
1.05
1.04
Sweden
1.4
1.2
2
2.7
0.5
0.8
1.2
1.22
1.2
1.2
0.7
0.8
1.65
1.65
1.83
1.9
1.91
2.06
USD/SEK
6.52
6.57
6.58
6.64
New Zealand
2.15
2.5
2.8
3
1
2.78
2.82
2.93
3.05
3.68
3.79
3.95
4.06
USD/NZD
0.84
0.83
0.83
0.83
Switzerland
0.4
0.75
1
1.6
0.3
0.02
0.03
0.08
0.06
0.82
0.91
1.03
1.09
USD/CHF
0.93
0.94
0.96
0.97
0.5
0.5
0.5
0.5
8
8.1
8.15
8.2
-3.2
-3.15
-3.1
-3.1
Overnight lending rate
1
1
1
1.13
7.3
7.3
7.2
7.2
-3.5
-3.2
-2.9
-2.9
2.6
RBA Cash Rate
3
2.88
2.75
2.75
5.55
5.6
5.6
5.5
-4.2
-4.3
-4.2
-4.2
1
1.5
Decision Rate
1
1
1
1
8
7.9
7.7
8.1
1.35
1.5
2
Cash Rate
2.5
2.63
2.63
2.75
6.9
6.7
6.6
6.4
0.35
0.5
0.6
Reference Rate
0.13
0.13
0.13
0.13
3.1
3.1
3.1
3.1
Discount rate
0.13
0.25
0.25
0.13
0.3
0.3
0.3
0.3
0.8
1.1
1.3
1.46
USD/DKK
5.53
5.64
5.69
5.83
1.84
1.86
1.87
1.96
1.95
1.95
2.12
2.24
USD/NOK
5.58
5.56
5.56
5.67
Denmark
-5.1
-5.5
Norway
2.5
2.45
2.8
3.1
1.2
1.4
1.6
1.9
Deposit Rate
1.5
1.5
1.63
1.63
Germany
0
0.35
0.5
1.3
1.8
1.9
1.8
1.8
ECB Rate
0.75
0.63
0.63
0.63
6.9
7
6.95
6.95
5.9
5.7
France
-0.2
-0.05
0.05
0.6
1.3
1.5
1.75
1.8
ECB Rate
0.75
0.63
0.63
0.63
10.65
10.7
10.7
10.6
-2.1
-2.1
Italy
-1.8
-1.1
-0.75
0
2.1
1.8
1.9
2.15 ECB Rate
0.75
0.63
0.63
0.63
11.3
11.4
11.4
11.5
-1
-1
-5.7
-1.9
-1
-1
-0.9
-1
-5.8
-1.8
Q.M.S Advisors | +41 (0)78 922 0877 | e-mail: info@qmsadv.com |
-0.8
0.38
0.53
0.8
1.2
0.1
0.17
0.27
0.41
1.57
1.67
1.81
1.95
EUR/USD
1.32
1.3
1.31
1.3
0.38
0.58
0.79
1.01
2.44
2.56
2.59
2.74
EUR/USD
1.32
1.3
1.31
1.3
2.63
2.43
2.2
2
4.86
4.63
4.54
4.63
EUR/USD
1.32
1.3
1.31
1.3
LEADING ECONOMIC INDICATORS LEADING INDICATORS Indicator
O-11
N-11
United States (yoy %) Eurozone (yoy %) Japan (yoy %)
0.0 2.4 18.4
J-10
1.0 4.6 32.0
F-10
3.4 7.7 29.4
M-10
4.7 9.3 24.9
A-10
7.5 9.7 19.3
M-10
8.1 8.4 15.9
J-10
7.8 7.7 15.0
J-10
7.0 8.3 13.5
A-10
6.7 5.7 10.6
S-10
6.1 7.3 7.4
O-10
6.0 8.0 6.4
N-10
6.7 8.7 6.3
D-10
5.8 5.9 4.0
J-11
5.2 7.6 3.6
F-11
5.3 5.7 -12.9
M-11
4.4 5.2 -11.9
A-11
3.2 4.1 -6.5
M-11
3.1 2.6 -1.7
J-11
3.4 4.0 -1.1
J-11
3.4 5.7 -0.5
A-11
3.2 2.1 -1.1
S-11
4.2 0.8 2.1
4.1 -0.1 -1.2
3.8 -1.7 -1.2
D-11
4.5 -1.8 -1.7
J-12
5.2 -1.7 -4.3
F-12
3.7 -1.7 15.1
M-12
5.0 -2.5 12.6
A-12
4.6 -2.5 2.9
M-12
4.5 -1.9 -0.3
J-12
4.3 -2.6 -2.2
J-12
3.0 -1.2 -4.2
A-12
3.0 -2.7 -6.7
S-12
2.0 -3.3 -6.8
O-12
N-12 2.9 -3.7 -6.7
2.3 -3.7 -6.7
D-12
2.3 -3.7 -6.7
J-13
2.3 -3.7 -6.7
F-13
Germany (yoy %) France (yoy %) Italy (yoy %)
3.3 2.8 -3.0
5.9 3.5 4.5
9.4 6.8 11.0
13.7 7.4 10.3
12.7 8.9 12.4
10.5 5.4 9.9
11.2 5.5 4.1
11.0 3.2 15.1
8.2 4.1 5.8
12.5 3.3 1.0
11.3 4.6 5.5
11.9 6.1 10.0
12.5 5.5 3.3
15.0 5.6 2.5
11.7 3.2 0.9
9.5 2.0 0.0
7.4 1.6 5.3
6.9 2.0 0.4
10.3 3.2 -4.1
8.5 4.1 4.7
5.5 1.3 -2.7
4.3 2.0 -3.8
4.6 0.8 -4.0
1.3 -1.8 -7.6
1.2 -1.9 -1.7
-0.5 -1.9 -3.3
1.2 -1.7 -5.6
-0.9 0.2 -12.0
-0.1 -3.8 -6.6
0.4 -2.3 -7.9
-1.2 -2.9 -4.3
-1.3 -0.9 -5.1
-0.8 -2.5 -10.5
-3.0 -3.4 -0.2
-3.1 -3.6 -7.6
-1.1 -3.6 -7.6
-1.1 -3.6 -7.6
-1.1 -3.6 -7.6
United Kingdom (yoy %) Canada (yoy %)
-1.2 -0.7
-0.3 1.6
2.5 3.9
1.1 5.3
2.7 8.5
1.6 9.9
1.9 9.4
4.3 9.4
3.8 6.4
2.9 7.0
2.9 5.7
3.6 7.4
3.5 6.9
2.0 4.9
0.1 5.6
-0.9 4.1
-1.0 1.9
-0.2 1.4
-0.9 2.4
-1.4 2.6
-1.7 4.1
-2.4 3.3
-3.0 3.3
-2.6 2.5
-3.6 1.4
-2.3 0.9
-2.7 -0.4
-2.2 1.6
-1.5 2.9
-4.0 2.1
-0.9 1.5
-1.1 0.5
-3.2 0.0
-3.0 0.0
-2.4 0.0
-1.7 0.0
-1.7 0.0
-1.7 0.0
Brazil (yoy %) China (yoy %) India (yoy %) Indonesia (yoy %) Russia (yoy %) South Africa (yoy %)
16.1 18.5 13.3
18.2 12.8 13.7
20.2 18.1 15.0
17.3 17.8 13.0
14.8 16.5 8.5
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
10.2 3.2
8.4 2.9
9.8 6.8
10.4 8.9
12.6 8.2
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
2.3 13.5 3.4 4.2 6.2 6.0
-1.5 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
-2.4 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
-5.5 9.5 -2.0 0.9 1.9 0.9
-2.6 9.2 -0.1 -0.6 3.4 6.6
-1.8 8.9 2.0 0.5 2.1 2.8
-3.4 9.2 -0.7 9.1 2.0 -1.4
2.6 9.6 8.3 8.9 1.8 3.2
-1.1 10.1 -0.1 8.9 1.9 3.9
-3.6 10.3 -0.1 8.9 1.4 2.2
-3.6 10.3 -0.1 8.9 1.4 2.2
-3.6 10.3 -0.1 8.9 1.4 2.2
LEADING INDICATORS Indicator OECD Area OECD & Major Six Non-OECD Major Seven NAFTA Big Four European Major Five Asia
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
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
105.9 114.2 103.6 104.4 104.8 127.9
106.2 114.7 104.0 104.8 105.0 128.6
106.4 115.1 104.2 105.1 105.1 129.2
106.6 115.4 104.3 105.2 105.2 129.9
106.7 115.7 104.4 105.3 105.3 130.5
106.8 116.0 104.4 105.3 105.4 131.1
106.8 116.3 104.4 105.3 105.5 131.8
106.9 116.7 104.5 105.4 105.6 132.6
107.1 117.1 104.7 105.6 105.8 133.6
107.3 117.6 104.8 105.8 105.9 134.6
107.5 118.1 105.1 106.0 106.1 135.7
107.7 118.6 105.3 106.2 106.2 136.7
107.8 119.0 105.5 106.5 106.4 137.5
108.0 119.3 105.6 106.6 106.4 138.3
108.0 119.6 105.7 106.7 106.4 139.0
108.0 119.8 105.6 106.7 106.3 139.7
107.9 119.9 105.5 106.6 106.1 140.4
107.8 120.1 105.4 106.5 105.9 141.2
107.7 120.2 105.2 106.4 105.6 142.0
107.5 120.4 105.1 106.4 105.3 142.8
107.5 120.6 105.0 106.5 105.0 143.7
107.6 120.9 105.0 106.7 104.7 144.6
107.7 121.3 105.1 107.0 104.6 145.5
107.9 121.7 105.3 107.3 104.5 146.4
108.1 122.1 105.5 107.7 104.5 147.2
108.3 122.5 105.7 107.9 104.5 148.1
108.4 122.8 105.8 108.1 104.5 148.8
108.5 123.1 105.8 108.2 104.5 149.5
108.5 123.3 105.8 108.2 104.4 150.3
108.5 123.6 105.8 108.3 104.4 151.1
108.5 123.9 105.8 108.3 104.3 152.0
108.6 124.2 105.8 108.4 104.3 153.0
108.7 124.6 106.0 108.5 104.4 154.1
108.8 125.1 106.1 108.7 104.5 155.3
108.8 125.1 106.1 108.7 104.5 155.3
108.8 125.1 106.1 108.7 104.5 155.3
108.8 125.1 106.1 108.7 104.5 155.3
108.8 125.1 106.1 108.7 104.5 155.3
OECD Area (12-mo %) 5.4 OECD & Major Six Non-OECD (12-mo 8.9 %) Major Seven (12-mo %) 5.0 NAFTA (12-mo %) 5.8 Big Four European (12-mo %) 5.2 Major Five Asia (12-mo %) 14.8
5.8 9.0 5.6 6.4 5.5 14.0
5.9 8.7 5.8 6.7 5.5 13.0
5.6 8.2 5.6 6.4 5.2 11.9
5.1 7.5 5.1 5.8 4.7 10.8
4.5 6.7 4.5 5.1 4.2 9.7
3.9 6.0 3.8 4.3 3.6 8.9
3.3 5.4 3.3 3.6 3.0 8.3
2.9 5.0 2.8 3.1 2.5 7.9
2.5 4.7 2.4 2.7 2.1 7.7
2.2 4.5 2.2 2.4 1.9 7.6
2.0 4.3 2.0 2.1 1.7 7.6
1.8 4.2 1.8 1.9 1.5 7.5
1.7 4.0 1.6 1.8 1.4 7.5
1.5 3.9 1.4 1.6 1.2 7.6
1.3 3.8 1.3 1.4 1.0 7.6
1.1 3.6 1.1 1.3 0.7 7.7
1.0 3.5 0.9 1.2 0.4 7.7
0.8 3.4 0.7 1.0 0.1 7.8
0.6 3.2 0.5 0.9 -0.3 7.7
0.4 3.0 0.3 0.9 -0.8 7.6
0.3 2.8 0.2 0.9 -1.1 7.4
0.2 2.7 0.1 0.9 -1.4 7.2
0.2 2.7 0.0 1.0 -1.6 7.1
0.2 2.7 0.0 1.1 -1.7 7.0
0.3 2.7 0.0 1.2 -1.8 7.1
0.3 2.7 0.1 1.3 -1.8 7.0
0.4 2.8 0.1 1.4 -1.7 7.0
0.5 2.9 0.2 1.5 -1.6 7.0
0.7 2.9 0.4 1.6 -1.4 7.0
0.8 3.1 0.5 1.7 -1.2 7.0
1.0 3.2 0.7 1.9 -0.9 7.1
1.1 3.3 0.9 1.9 -0.6 7.2
1.2 3.4 1.0 1.9 -0.3 7.4
1.2 3.4 1.0 1.9 -0.3 7.4
1.2 3.4 1.0 1.9 -0.3 7.4
1.2 3.4 1.0 1.9 -0.3 7.4
1.2 3.4 1.0 1.9 -0.3 7.4
United States Eurozone Japan Germany France Italy United Kingdom Canada Mexico Australia New Zealand Brazil South Africa
103.5 105.1 100.8 107.8 103.6 99.6 106.2 107.4 111.1 114.0 107.3 121.7 115.7
103.9 105.3 101.0 108.3 103.6 99.6 106.4 107.7 111.2 114.5 107.5 122.3 116.2
104.1 105.5 101.2 108.8 103.6 99.6 106.3 107.9 111.4 114.9 107.5 122.7 116.6
104.3 105.7 101.3 109.3 103.6 99.7 106.2 108.1 111.6 115.3 107.4 123.1 117.1
104.4 105.8 101.3 109.7 103.6 99.7 106.0 108.1 111.8 115.5 107.2 123.5 117.4
104.4 105.9 101.3 110.0 103.7 99.8 105.8 108.0 112.0 115.8 106.9 123.8 117.8
104.4 106.0 101.4 110.2 103.9 100.0 105.6 108.0 112.1 116.0 106.6 124.1 118.2
104.5 106.2 101.4 110.4 104.1 100.1 105.4 108.0 112.3 116.2 106.4 124.4 118.6
104.6 106.3 101.5 110.6 104.4 100.3 105.4 108.1 112.4 116.5 106.3 124.8 119.0
104.8 106.5 101.6 110.8 104.7 100.4 105.4 108.2 112.5 116.7 106.4 125.3 119.5
105.1 106.6 101.8 111.0 105.0 100.6 105.4 108.4 112.3 117.0 106.5 125.8 120.0
105.4 106.8 102.0 111.3 105.2 100.6 105.4 108.7 112.0 117.3 106.8 126.2 120.5
105.7 106.9 102.1 111.5 105.3 100.7 105.4 108.9 111.8 117.6 107.1 126.5 120.9
105.9 106.9 102.2 111.6 105.4 100.7 105.3 109.0 111.6 117.9 107.5 126.6 121.3
106.0 106.9 102.2 111.6 105.4 100.7 105.3 109.1 111.5 118.0 107.9 126.7 121.6
106.0 106.8 102.2 111.6 105.3 100.6 105.1 109.1 111.5 118.2 108.4 126.7 121.8
105.9 106.6 102.1 111.4 105.3 100.4 104.9 109.1 111.6 118.2 108.8 126.6 121.9
105.8 106.4 102.0 111.1 105.2 100.2 104.6 109.0 111.8 118.3 109.1 126.4 122.1
105.6 106.1 102.0 110.7 105.1 99.9 104.2 109.0 112.2 118.3 109.3 126.2 122.2
105.5 105.8 102.0 110.3 105.0 99.5 103.7 108.9 112.8 118.4 109.5 126.0 122.4
105.5 105.6 102.1 110.0 104.9 99.2 103.3 108.9 113.4 118.5 109.6 125.9 122.6
105.7 105.4 102.1 109.8 104.7 98.8 103.1 109.0 114.0 118.7 109.7 126.0 123.0
106.0 105.2 102.3 109.7 104.6 98.5 102.9 109.1 114.7 118.9 109.7 126.3 123.3
106.3 105.2 102.4 109.8 104.6 98.2 102.9 109.2 115.3 119.1 109.8 126.7 123.7
106.7 105.1 102.6 109.9 104.5 98.0 102.9 109.4 115.8 119.4 109.8 127.3 124.0
106.9 105.1 102.7 110.1 104.4 97.7 103.0 109.6 116.2 119.7 109.9 127.9 124.2
107.1 105.1 102.8 110.2 104.4 97.4 103.1 109.8 116.5 120.0 109.9 128.4 124.4
107.2 105.1 102.7 110.2 104.4 97.2 103.2 109.9 116.7 120.4 109.8 128.9 124.5
107.2 105.0 102.7 110.2 104.4 96.9 103.3 110.0 116.9 120.8 109.8 129.3 124.7
107.2 104.9 102.6 110.1 104.4 96.7 103.4 110.1 116.8 121.2 109.7 129.8 124.8
107.3 104.8 102.5 109.9 104.3 96.6 103.6 110.2 116.5 121.5 109.6 130.2 124.9
107.4 104.7 102.4 109.8 104.3 96.5 103.8 110.2 116.2 121.8 109.5 130.6 125.1
107.6 104.7 102.4 109.8 104.3 96.5 104.0 110.3 115.9 122.1 109.5 131.0 125.3
107.8 104.7 102.5 109.9 104.3 96.5 104.2 110.3 115.8 122.3 109.5 131.3 125.6
107.8 104.7 102.5 109.9 104.3 96.5 104.2 110.3 115.8 122.3 109.5 131.3 125.6
107.8 104.7 102.5 109.9 104.3 96.5 104.2 110.3 115.8 122.3 109.5 131.3 125.6
107.8 104.7 102.5 109.9 104.3 96.5 104.2 110.3 115.8 122.3 109.5 131.3 125.6
107.8 104.7 102.5 109.9 104.3 96.5 104.2 110.3 115.8 122.3 109.5 131.3 125.6
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
105.1 106.9 123.0 104.8 107.8 103.6 99.6 106.2 105.8 107.3 106.8 111.6 101.0 103.8 106.3 114.6 101.1 123.6 122.3 117.9
105.3 107.1 123.0 105.0 108.3 103.6 99.6 106.4 105.9 107.8 107.1 112.1 101.3 103.9 106.9 114.9 101.2 124.3 122.8 118.6
105.5 107.3 123.0 105.1 108.8 103.6 99.6 106.3 106.0 108.1 107.4 112.5 101.5 104.0 107.6 115.2 101.3 124.9 123.3 119.3
105.7 107.5 123.0 105.2 109.3 103.6 99.7 106.2 105.9 108.4 107.6 112.8 101.7 104.1 108.2 115.4 101.4 125.6 123.7 119.9
105.8 107.6 123.0 105.3 109.7 103.6 99.7 106.0 105.9 108.6 107.8 113.1 101.7 104.2 108.8 115.7 101.5 126.2 124.1 120.5
105.9 107.8 123.0 105.4 110.0 103.7 99.8 105.8 105.7 108.7 108.0 113.2 101.8 104.5 109.4 116.0 101.6 126.7 124.6 121.1
106.0 107.9 123.0 105.5 110.2 103.9 100.0 105.6 105.6 108.8 108.2 113.4 101.7 104.7 109.9 116.3 101.6 127.2 125.2 121.7
106.2 108.0 123.0 105.6 110.4 104.1 100.1 105.4 105.5 108.9 108.4 113.6 101.7 105.0 110.3 116.6 101.7 127.6 125.8 122.3
106.3 108.2 123.0 105.8 110.6 104.4 100.3 105.4 105.4 109.1 108.6 113.9 101.6 105.3 110.5 116.9 101.8 128.0 126.5 122.7
106.5 108.3 123.0 105.9 110.8 104.7 100.4 105.4 105.3 109.3 108.8 114.2 101.6 105.6 110.6 117.2 101.8 128.3 127.2 123.0
106.6 108.5 123.0 106.1 111.0 105.0 100.6 105.4 105.2 109.5 109.1 114.6 101.5 105.9 110.6 117.5 102.0 128.5 127.9 123.3
106.8 108.6 123.0 106.2 111.3 105.2 100.6 105.4 105.2 109.8 109.3 114.9 101.4 106.2 110.6 117.8 102.1 128.8 128.5 123.6
106.9 108.7 123.0 106.4 111.5 105.3 100.7 105.4 105.2 110.0 109.5 115.1 101.4 106.3 110.5 117.8 102.2 129.0 129.1 124.0
106.9 108.8 123.0 106.4 111.6 105.4 100.7 105.3 105.2 110.1 109.6 115.2 101.3 106.5 110.5 117.7 102.1 129.3 129.6 124.3
106.9 108.8 123.0 106.4 111.6 105.4 100.7 105.3 105.2 110.1 109.6 115.2 101.3 106.5 110.6 117.6 102.0 129.6 130.2 124.7
106.8 108.7 123.0 106.3 111.6 105.3 100.6 105.1 105.2 109.9 109.5 115.0 101.2 106.6 110.7 117.5 101.7 129.9 130.6 125.0
106.6 108.6 123.0 106.1 111.4 105.3 100.4 104.9 105.2 109.6 109.3 114.5 101.0 106.6 110.9 117.3 101.3 130.2 131.0 125.2
106.4 108.4 123.0 105.9 111.1 105.2 100.2 104.6 105.2 109.2 109.0 114.0 100.8 106.6 111.1 117.2 100.9 130.6 131.2 125.5
106.1 108.1 123.0 105.6 110.7 105.1 99.9 104.2 105.1 108.8 108.7 113.4 100.5 106.6 111.3 116.9 100.4 131.0 131.2 125.8
105.8 107.9 123.0 105.3 110.3 105.0 99.5 103.7 105.0 108.4 108.4 112.9 100.2 106.6 111.5 116.7 100.1 131.4 131.0 126.1
105.6 107.7 123.0 105.0 110.0 104.9 99.2 103.3 105.0 108.0 108.2 112.6 99.9 106.7 111.7 116.5 99.8 131.9 130.8 126.4
105.4 107.5 123.0 104.7 109.8 104.7 98.8 103.1 105.0 107.8 107.9 112.4 99.8 106.7 111.8 116.4 99.6 132.5 130.6 126.6
105.2 107.5 123.0 104.6 109.7 104.6 98.5 102.9 105.0 107.7 107.8 112.5 99.7 106.9 111.9 116.4 99.5 133.1 130.5 126.7
105.2 107.4 123.0 104.5 109.8 104.6 98.2 102.9 105.0 107.8 107.7 112.7 99.7 107.0 112.0 116.5 99.6 133.5 130.6 126.8
105.1 107.5 123.0 104.5 109.9 104.5 98.0 102.9 105.0 107.8 107.7 113.0 99.8 107.1 112.0 116.4 99.6 133.9 130.9 127.1
105.1 107.5 123.0 104.5 110.1 104.4 97.7 103.0 104.9 107.8 107.7 113.3 99.9 107.2 112.1 116.3 99.5 134.1 131.5 127.5
105.1 107.6 123.0 104.5 110.2 104.4 97.4 103.1 104.9 107.8 107.8 113.6 100.0 107.2 112.3 116.2 99.4 134.3 132.0 128.0
105.1 107.6 123.0 104.5 110.2 104.4 97.2 103.2 104.9 107.7 107.9 113.8 100.0 107.2 112.6 116.1 99.1 134.6 132.5 128.4
105.0 107.6 123.0 104.4 110.2 104.4 96.9 103.3 104.8 107.6 107.9 114.0 100.0 107.2 113.0 115.9 98.8 135.0 132.9 128.7
104.9 107.6 123.0 104.4 110.1 104.4 96.7 103.4 104.7 107.5 108.0 114.2 99.9 107.2 113.4 115.8 98.5 135.3 133.1 129.0
104.8 107.6 123.0 104.3 109.9 104.3 96.6 103.6 104.7 107.4 108.0 114.5 99.8 107.3 113.7 115.6 98.3 135.7 133.3 129.4
104.7 107.6 123.0 104.3 109.8 104.3 96.5 103.8 104.7 107.4 107.9 114.7 99.6 107.4 113.8 115.5 98.2 136.1 133.4 129.7
104.7 107.6 123.0 104.4 109.8 104.3 96.5 104.0 104.7 107.3 107.9 115.0 99.5 107.5 114.0 115.4 98.1 136.5 133.6 130.0
104.7 107.7 123.0 104.5 109.9 104.3 96.5 104.2 104.7 107.3 107.9 115.2 99.4 107.6 114.0 115.2 98.1 137.0 133.9 130.0
104.7 107.7 123.0 104.5 109.9 104.3 96.5 104.2 104.7 107.3 107.9 115.2 99.4 107.6 114.0 115.2 98.1 137.0 133.9 130.0
104.7 107.7 123.0 104.5 109.9 104.3 96.5 104.2 104.7 107.3 107.9 115.2 99.4 107.6 114.0 115.2 98.1 137.0 133.9 130.0
104.7 107.7 123.0 104.5 109.9 104.3 96.5 104.2 104.7 107.3 107.9 115.2 99.4 107.6 114.0 115.2 98.1 137.0 133.9 130.0
104.7 107.7 123.0 104.5 109.9 104.3 96.5 104.2 104.7 107.3 107.9 115.2 99.4 107.6 114.0 115.2 98.1 137.0 133.9 130.0
Major Five Asia China Korea India Indonesia
127.9 192.9 121.4 36.4 129.7
128.6 194.3 121.4 36.6 130.3
129.2 195.7 121.4 36.8 130.9
129.9 197.0 121.4 37.0 131.5
130.5 198.3 121.5 37.2 132.0
131.1 199.6 121.6 37.4 132.5
131.8 201.1 121.8 37.6 133.0
132.6 203.1 121.9 37.9 133.6
133.6 205.5 122.0 38.1 134.2
134.6 208.2 122.2 38.3 134.9
135.7 210.8 122.4 38.4 135.5
136.7 213.2 122.6 38.6 136.2
137.5 215.3 122.9 38.7 136.8
138.3 217.3 123.2 38.8 137.5
139.0 219.2 123.4 38.9 138.2
139.7 221.1 123.6 39.0 138.9
140.4 223.1 123.7 39.1 139.7
141.2 225.1 123.8 39.2 140.5
142.0 227.1 123.9 39.4 141.3
142.8 229.2 124.0 39.6 142.2
143.7 231.3 124.2 39.8 143.0
144.6 233.3 124.4 40.0 143.8
145.5 235.4 124.7 40.2 144.5
146.4 237.3 125.0 40.4 145.0
147.2 239.3 125.6 40.6 145.5
148.1 241.3 126.2 40.8 145.7
148.8 243.2 126.8 40.9 145.9
149.5 245.1 127.3 41.0 146.3
150.3 247.0 127.9 41.2 146.7
151.1 249.2 128.3 41.3 147.3
152.0 251.5 128.8 41.4 148.0
153.0 254.1 129.2 41.6 148.8
154.1 256.9 129.7 41.9 149.7
155.3 259.8 129.7 42.1 149.7
155.3 262.9 129.7 42.1 149.7
155.3 262.9 129.7 42.1 149.7
155.3 262.9 129.7 42.1 149.7
155.3 262.9 129.7 42.1 149.7
Q.M.S Advisors | +41 (0)78 922 0877 | e-mail: info@qmsadv.com |
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
S-09 O-09 N-09 D-09 J-10 F-10 National Accounts 1.4 4 -3.3 -0.1 13952 14134 2.1 0 -1.7 41.4 3.7 1.1 -200.5 -46.8 0.5 1.3 1.5Purchases & Invest 2.4 GPGSTOC% US GDP Index Govt Consumer Prices -1.3 -0.2 1.8 2.7 2.6 2.1 1.5 US 1.7 1.7Purchases 1.8 & 1.6 GPGSTOC% GDP Index Govt Invest 1.3 -0.7 0.2 1.7 2.3 2.4 2.2 1.2 US 1.5 1.6Purchases 1.6 & 1.7 GPGSTOC% GDP Index Govt Invest 1.7 0.2 0.3 0.3 0.1 0.1 0 0.2 US 0.2 0.1Purchases 0.1 &-0.1 GPGSTOC% GDP Index Govt Invest 0.1 Producer Prices -4.9 -2 2.2 4.3 4.5 4.2 -12 -7.7 -1.8 2.9 4.7 5.6 -31.75 -13.21 4.8 13.27 25.03 29.74 1.7 0.7 1.2 0.9 1 1 -0.2 0.4 1.3 0.4 1 -0.6 -0.1 US-0.2 0.3Purchases 0 & 0.3 0 GPGSTOC% GDP Index Govt Invest Labor Market 9.8 10 9.9 9.9 9.8 9.8 548 522 473 467 505 488 5919 US 5642 5318Purchases 4987 & 4829 GPGSTOC% GDP Index Govt Invest 4759 -233 -170 -21 -220 -13 -40 -37 -47 -32 -36 -11 0 33.1 US GDP 33Index 33.2Purchases 33.2 &33.3 GPGSTOC% Govt Invest 33.2 58.7 58.5 58.6 58.3 58.5 58.5 35.3 US28.6 40.6Purchases 38 &43.2 GPGSTOC% GDP Index Govt Invest 47.4 1.9 1.8 1.8 1.8 2.1 2 3 2.9 3.1 3 3 3 3.1 US GDP 3Index 3 & Invest 3 3 GPGSTOC% Govt3Purchases 0 0 0 0 0 0 -30.2 -50.7 -72.3 -72.9 -70.4 -77.4 -116 US-129 -94Purchases -106 & -40 GPGSTOC% GDP Index Govt Invest -58 2.7 2.7 2.6 2.5 2.7 2.5 0.3 US 0.2 0.3Purchases 0.2 & 0.3 GPGSTOC% GDP Index Govt Invest 0.1 1.5 1.5 1.5 1.4 1.4 1.4 -3.1 -3.9 5.2Purchases & Invest 5 GPGSTOC% US GDP Index Govt Economic Activity 0.63 0.2 0.36 0.46 0.98 0.41 68.9 69.1 69.5 70 70.8 71.3 1.7 2 0.1 0.3 6.5 0 2.4 US 1.9 -1.2Purchases 0 &13.9 GPGSTOC% GDP Index Govt Invest -1.3 -0.4 0.5 0.7 0 0.2 0.5 -1.2 US 0.4 1.4Purchases -0.5 & 0.2 GPGSTOC% GDP Index Govt Invest 0.2 NBER Business Cycle Indicators 129.8 129.6 129.6 129.4 129.4 129.3 85.68 85.85 86.16 86.56 87.41 87.77 920.9 US 924.2 932.6Purchases 936.3 931.9 GPGSTOC% GDP Index Govt & Invest 938 Business Conditions 54.4 56 54.4 55.3 56.6 55.7 63.5 US GDP 65Index 55Purchases 61.5 & Invest 70 67 GPGSTOC% Govt 14.7 13.6 16.5 16.9 12.3 12.5 21 31.59 23.61 3.77 15.61 22.47 -2 US GDP 8Index 7 & Invest 10 11 GPGSTOC% Govt5Purchases 47.2 53.7 55.3 56.6 59.8 58.5 58 US GDP 50Index 57Purchases 52 & Invest 56 56 GPGSTOC% Govt
M-10
A-10
M-10
J-10
J-10
2.3 1.9 14270 2.5 19.8 -3.1 33.2 1.5 1.5
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
2.2 2.6 2.4 0.1 2.5 1.3 4.1 2 1.3 3.1 -0.1 2.5 2.8 2.4 1.8 1.9 1.6 2 2.4 2.1 2.6 1.5 14414 14576 14736 14815 15004 15163 15321 15478 15586 15811 15829 2.6 2.5 4.1 3.1 1 1.7 2 2.4 1.5 1.6 2.2 14.6 16.4 -5.9 -5.3 12.5 5.9 33.9 6.1 0.7 6.6 -0.6 2.8 -0.3 -4.4 -7 -0.8 -2.9 -2.2 -3 -0.7 3.9 -6.6 41.7 109.5 49 33.7 34.8 -4.1 82.1 72.6 54.8 82.3 32.8 1.7 2 2.1 2 2.6 3 0.4 2 1.6 2.7 0.6 1.4 GPGSTOC% 0.8Purchases 1.3Purchases 2.3Purchases 1.9Purchases 1.3Purchases 2.2Purchases 1.7Purchases 1.1Purchases 0.9Purchases US GDP Index Govt1Purchases 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&
2.3 1.1 2.5 1.9 0 0.1
2.2 0.9 2.4 1.7 0 0
2 0.9 2.3 1.7 -0.1 0.1
1.1 0.9 1.7 1.6 0 0.1
1.2 0.9 1.8 1.6 0.2 0.1
1.1 1.1 1.2 1.1 1.5 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 1.7 1.7 0.9 GPGSTOC% 0.8 US 0.6 0.8Purchases 0.8 US 1Index 1.1Purchases 1.2 US 1.5Purchases 1.6 US 2 US 2.2Purchases 2.2 US 2.2Purchases 2.3Purchases 1.9Purchases 2 US 2Purchases 1.9Purchases 1.9Purchases GDP Index Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & 1.3 GDP Invest Index Govt GPGSTOC% & 1.8 GDP Invest Index Govt2Purchases GPGSTOC% & 2.1 GDP Invest Index Govt GPGSTOC% & 2.3 GDP Invest Index Govt US 2.3 GDPUS Govt & 2.3 GDP Invest Purchases Govt US & 2.2 GDP Invest US Govt & 2.1 GDP Invest Purchases Govt US & GDP Invest Govt & GDP Invest Govt US & 1.9 GDP Invest US Govt & 1.9 GDP Invest Purchases Govt & Invest& 1.7 1.6 1.5 1.4 1.5 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 1.7 1.4 1.3 1.3 1.3 1.6 GPGSTOC% 1.5 US 1.2 1.2Purchases 1.1 US 1.2Purchases 1.1 US 1.4Purchases 1.4 US 1.6Purchases 1.6 US 1.7Purchases 1.9 US 1.9Purchases 2 US 1.7Purchases 1.5Purchases 1.5Purchases 1.4Purchases GDP Index Govt GPGSTOC% & 1.1 GDP Invest Index Govt GPGSTOC% & 1.2 GDP Invest Index Govt GPGSTOC% & 1.5 GDP Invest Index Govt GPGSTOC% & 1.6 GDP Invest Index Govt GPGSTOC% & 1.9 GDP Invest Index Govt US GDP Govt & 1.9 GDP Invest Purchases Govt US & 1.8 GDP Invest US Govt & 1.7 GDP Invest Purchases Govt US & 1.5 GDP Invest US Govt & 1.6 GDP Invest Purchases Govt US & 1.4 GDP Invest US Govt & 1.4 GDP Invest Purchases Govt & Invest& 0.2 0.1 0.3 0.2 0.4 0.3 0.4 0.5 0.4 0.3 0.1 0.3 0.3 0.3 0 0.1 0 0.2 0.4 0.3 0 -0.3 0 0 0.6 0.6 0.1 -0.3 0 0 0 0.1 GPGSTOC% 0 US GDP 0Index 0.1Purchases 0.1 US 0.2Purchases 0.2 US 0.3Purchases 0.2 US 0.2Purchases 0.1 US 0.2Purchases 0.1 US 0.1Purchases 0.2Purchases 0.1Purchases 0.1Purchases 0.1Purchases Govt GPGSTOC% & 0.2 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 GPGSTOC% & 0.2 GDP Invest Index Govt US 0.2 GDPUS Govt & 0.2 GDP Invest Purchases Govt US & 0.2 GDP Invest US Govt & 0.1 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&
5.9 7.9 32.85 0.9
5.4 8.7 28.74 0.9
5.1 8.3 21.46 1.3
2.7 6.1 13.29 1.1
4.1 6.3 20.71 1.5
0.5 0.2
-0.1 0.1
-0.2 0.3
-0.2 0.1
0.2 0.2
9.9 460 4650 154 6 33.3 58.5 56.6 2 3.3 3.1 0 -55 33 2.3 0.1 1.7
9.9 448 4666 229 31 33.4 58.7 61.1 2.4 3.2 3 0 -71.1 97 2.4 0.2 1.7
9.6 461 4548 521 34 33.5 58.6 54.5 2.1 3.4 3 0 -65.1 201 2.6 0.3 1.7 -1.3 2.7
9.4 466 4480 -130 8 33.4 58.5 54.9 2 3.1 3.3 0 -47.1 157 2.6 0.2 1.9
9.5 474 4481 -86 19 33.5 58.5 54.3 2.2 3.1 3.2 0 -57.2 98 2.4 0.1 1.9
0.65 71.9 2.1 1.7 0.5 0.5
0.41 72.4 1.6 4.3 0.4 0.3
1.57 73.7 -0.6 0 0 0.3
0.17 73.9 0.1 0.6 0.7 0.1
0.7 74.5 2.3 4.2 0.9 1.3
0.21 0.41 -0.38 0.29 1.13 0.08 -0.19 0.82 -0.45 0.33 0.14 0.92 0.27 0.21 0.59 0.19 0.86 0.68 0.48 -0.6 0.83 -0.01 0.02 0.67 -0.98 0.21 -0.35 1.04 0.26 0.26 0.26 74.8 75.2 74.9 75.2 76 76.1 75.9 76.5 76.1 76.3 76.3 77 77.1 77.2 77.6 77.7 78.3 78.7 79 78.4 79 78.9 78.8 79.2 78.3 78.4 78 78.7 78.8 78.8 78.8 -1 4.1 -1.3 1.9 0.7 2.5 -1.5 5 -1.5 1.1 -0.2 3.3 -1.2 0.2 -0.4 1.7 2.1 -2 1.5 -2.1 -0.7 0.5 -0.5 2.6 -5.1 4.5 0.8 -0.3 1.8 1.8 1.8 -3.1 GPGSTOC% 6.7 US-4.2 1.9Purchases -1.2 US -3.4Purchases 8.1 US -1.1 US -3.3Purchases 0.1 US 3.4Purchases 5.1 US 1.5Purchases -13.1Purchases 0.6Purchases 4.3Purchases GDP Index Govt GPGSTOC% & 2.1 GDP Invest Index Govt GPGSTOC% &-4.6 GDP Invest Index Govt3Purchases GPGSTOC% & 7.1 GDP Invest Index Govt GPGSTOC% &-0.4 GDP Invest Index Govt GPGSTOC% &-4.9 GDP Invest Index Govt2Purchases US-3.7 GDPUS Govt &-0.3 GDP Invest Purchases Govt US & 1.6 GDP Invest US Govt & 3.3 GDP Invest Purchases Govt US & 9.1 GDP Invest US Govt & 1.1 GDP Invest Purchases Govt US & 4.3 GDP Invest US Govt & 4.3 GDP Invest Purchases Govt & Invest& 0.8 1.2 1 0.6 1.2 0.9 0.6 1.2 0.8 1 0.4 0.4 0.6 -0.1 0.9 0.4 0.4 0.8 0.6 0.3 0.3 0.3 0.1 0.8 0.6 0.7 0.3 0.3 0.3 0.3 0.3 1.2 GPGSTOC% 1.5 US 2.2 0.4Purchases 1.4 US 1.2Purchases 0.7 US 0.6Purchases 0.7 US -0.7Purchases 1.5 US 0Index 1.1Purchases 1.2 US 0.9Purchases 0.8Purchases 0.6Purchases 0.6Purchases GDP Index Govt GPGSTOC% & 0.9 GDP Invest Index Govt GPGSTOC% & 1.9 GDP Invest Index Govt GPGSTOC% & 0.5 GDP Invest Index Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & 0.6 GDP Invest Index Govt US 0.3 GDPUS Govt & 0.5 GDP Invest Purchases Govt0Purchases US &-0.2 GDP Invest US Govt & 0.6 GDP Invest Purchases Govt US & 1.1 GDP Invest US Govt & 0.3 GDP Invest Purchases Govt US & 0.6 GDP Invest US Govt & 0.6 GDP Invest Purchases Govt & Invest&
129.5 88.34 947.4
129.7 88.7 954.9
130.2 90.09 953.8
130.1 90.24 958.2
130 90.87 972
130 129.9 130.2 130.3 130.4 130.5 130.7 130.9 131.2 131.3 131.5 131.6 131.7 131.9 132.1 132.3 132.5 132.8 133.1 133.3 133.4 133.5 133.6 133.8 133.9 134.1 134.2 134.5 134.7 134.8 134.8 91.06 91.44 91.1 91.36 92.4 92.47 92.29 93.05 92.63 92.94 93.07 93.93 94.18 94.38 94.94 95.12 95.94 96.59 97.05 96.47 97.27 97.26 97.28 97.93 96.97 97.17 96.84 97.84 98.09 98.09 98.09 969.6 GPGSTOC% 972.8 US 973.5 980.1Purchases 982.6 US 992.3 979.2Purchases 990.1 US 983.3 982.7Purchases 989.2 US 996.8 1001Purchases 997 US 1009 1007Purchases 1016 US 1016 1020Purchases 1015 1018 1025Purchases 1020 1028 1023Purchases 1025 1023 1043Purchases 1043 1043 1043Purchases 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&
59.3 75 13.8 21.38 8 58.6 62
58.9 78 16.4 26.66 27 60.5 66
57.8 77.5 21.2 18.31 14 63.6 65
56.1 57 14.4 21.22 9 61.2 59
56.4 57.5 8.8 7.38 8 62.4 66
57.8 56.5 57.3 58.2 57.3 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 53.1 61.5 GPGSTOC% 70.5 US GDP 71Index 69.5Purchases 72.5 US 82Purchases 85 US 76.5Purchases 68 US 59Index 55.5Purchases 56 US 41Index 45Purchases 47.5 US 61.5Purchases 61 US 61Purchases 47.5Purchases 37 US 54Purchases 58 US 55Purchases 52.5Purchases 56.5Purchases Govt GPGSTOC% &81.5 GDP Invest Index Govt GPGSTOC% &85.5 GDP Invest Index Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & GDP Invest Govt GPGSTOC% &55.5 GDP Invest Index Govt US GDP Govt & GDP Invest Govt US & GDP Invest Govt &39.5 GDP Invest Purchases Govt US & GDP Invest Govt & GDP Invest Govt US &55.5 GDP Invest US Govt &56.5 GDP Invest Purchases Govt & Invest& 3.8 4.5 2.4 20.1 16.3 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 -5.8 9.79 9.69 13.46 -9.65 9.97 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 -7.78 -3 GPGSTOC% 4 US GDP 10Index 12Purchases 25 US 14Index 17Purchases 16 US 5Index 5 US 0Index -2 US -3Index 3 US 9Index 12Purchases 7 US 10Purchases -1 US 4 US -7Purchases 5 US -12Purchases Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & GDP Invest Govt-6Purchases GPGSTOC% & GDP Invest Govt-5Purchases GPGSTOC% & GDP Invest Govt1Purchases GPGSTOC% & GDP Invest Govt US GDP Govt & GDP Invest Govt3Purchases US & GDP Invest Govt & -17 GDP Invest Purchases Govt-9Purchases US & GDP Invest Govt & GDP Invest Govt9Purchases US & GDP Invest Govt & -12 GDP Invest Purchases Govt & Invest& 59.7 62.2 61.8 61.8 65.2 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 55.6 59 GPGSTOC% 50 US GDP 56Index 59Purchases 62 & Invest 57 63 66 68 62.3 59.3 57.6 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 51.31 Govt
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
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 -0.1 -2.6 2.3
2.3 0.8 -0.2 2.1
1.5 -0.3 -1.8 2.2
1.3 0.3 1.61 2
1.3 0.3 1.61 2
1.3 0.3 1.61 2
0.7 0.4 0.8 0.4 0.9 0.8 1.1 0.5 0.7 0.1 0.1 0.5 0.2 0.9 -0.3 0.1 -0.1 0.3 0.4 -0.2 -0.3 -1 0.2 0.3 1.6 1.2 -0.2 -0.8 -0.2 -0.2 -0.2 0.2 GPGSTOC% 0.2 US-0.2 -0.1Purchases 0.2 US 0.2Purchases 0.3 US 0.2Purchases 0.3 US 0.2Purchases 0.3 US 0Index 0.1Purchases 0.2 US 0.1Purchases 0.1Purchases 0.1Purchases 0 US 0.1Purchases 0.1Purchases GDP Index Govt GPGSTOC% & 0.5 GDP Invest Index Govt GPGSTOC% & 0.3 GDP Invest Index Govt GPGSTOC% & 0.5 GDP Invest Index Govt GPGSTOC% & GDP Invest Govt GPGSTOC% & 0.6 GDP Invest Index Govt US 0.2 GDPUS Govt & 0.1 GDP Invest Purchases Govt US & 0.2 GDP Invest US Govt & 0.6 GDP Invest Purchases Govt US & GDP Invest Govt &-0.2 GDP Invest Purchases Govt US & 0.1 GDP Invest US Govt & 0.1 GDP Invest Purchases Govt & Invest& 9.5 465 4499 -37 -10 33.5 58.5 56.8 2.2 3 3.1 0 -54.5 113 2.4 0.3 1.9 3.3 -0.5
9.5 9.5 9.8 9.3 9.1 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 7.9 449 454 434 419 433 392 401 464 424 425 402 407 402 398 399 383 381 373 362 368 389 376 368 367 369 363 371 367 368 368 4431 US 4294 4126Purchases 3926 US 3933 3838Purchases 3766 US 3795 3716Purchases 3719 US 3695 3719Purchases 3680 US 3644 3599Purchases 3606 US 3517 3436Purchases 3271 3247 3318Purchases 3314 3336 3304Purchases 3281 3174 3213Purchases 3169 3197 3197Purchases 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& -43 228 144 95 69 196 205 304 115 209 78 132 225 166 174 230 311 271 205 112 125 87 153 165 138 160 247 196 157 157 6 1 22 13 34 38 20 25 8 9 23 13 2 8 -1 28 44 29 40 10 6 9 22 -14 -18 6 7 8 4 4 33.5 US33.6 33.5Purchases 33.5 US 33.5Purchases 33.6 US 33.6Purchases 33.6 US 33.6Purchases 33.7 US 33.7Purchases 33.7 US 33.8Purchases 33.7Purchases 33.6Purchases 33.7Purchases 33.6Purchases GPGSTOC% GDP Index Govt GPGSTOC% &33.4 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% &33.8 GDP Invest Index Govt US33.7 GDPUS Govt &33.7 GDP Invest Purchases Govt US &33.7 GDP Invest US Govt &33.7 GDP Invest Purchases Govt US &33.7 GDP Invest US Govt &33.6 GDP Invest Purchases Govt US &33.7 GDP Invest US Govt &33.6 GDP Invest Purchases Govt & Invest& 58.5 58.3 58.2 58.3 58.3 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 54.5 US58.3 56.8Purchases 57.9 US 68.2Purchases 63.3 US 60.5Purchases 61.3 US 59.8Purchases 61.1 US 59.2Purchases 66.2 US 62.2Purchases 63.5Purchases 56Purchases 51.7Purchases 63.9Purchases 59.6Purchases GPGSTOC% GDP Index Govt GPGSTOC% &57.9 GDP Invest Index Govt GPGSTOC% &65.8 GDP Invest Index Govt GPGSTOC% &60.9 GDP Invest Index Govt GPGSTOC% &61.3 GDP Invest Index Govt GPGSTOC% &72.2 GDP Invest Index Govt US68.8 GDPUS Govt &58.3 GDP Invest Purchases Govt US &57.3 GDP Invest US Govt & GDP Invest Govt US &55.6 GDP Invest US Govt &64.8 GDP Invest Purchases Govt US &64.5 GDP Invest US Govt &59.6 GDP Invest Purchases Govt & Invest& 2.1 2.3 2.3 2.2 2.1 2.3 2.4 2.2 2.3 2.4 2.5 2.3 2.6 2.5 2.4 2.6 2.6 2.6 2.7 2.5 2.7 2.7 2.6 2.7 2.6 2.7 2.7 2.7 2.7 2.7 3 3.1 3.1 3.1 3 3.1 3.3 3.1 3.2 3.2 3.1 3.2 3.2 3.2 3.2 3.2 3.2 3.3 3.3 3.2 3.4 3.2 3.2 3.3 3.1 3.2 3.2 3.2 3.2 3.2 3 US 2.9 3.1 US 3 US 3.2Purchases 3.1 US 3.1Purchases 3.1 US 3.1Purchases 3 US 3Index 3.1Purchases 3.4Purchases 3.3Purchases 3 US 3.1Purchases 3.1Purchases GPGSTOC% GDP Index Govt3Purchases GPGSTOC% & 2.9 GDP Invest Index Govt3Purchases GPGSTOC% & 2.9 GDP Invest Index Govt GPGSTOC% & 3.1 GDP Invest Index Govt GPGSTOC% & 3.1 GDP Invest Index Govt GPGSTOC% & GDP Invest Govt US 3.1 GDPUS Govt & 3.1 GDP Invest Purchases Govt US & 3.2 GDP Invest US Govt & 3.1 GDP Invest Purchases Govt US & GDP Invest Govt & 3.1 GDP Invest Purchases Govt US & 3.1 GDP Invest US Govt & 3.1 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 -44.1 -31.8 -3.3 -29 -46.1 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 -24.4 89 US130 154Purchases 239 US 155Purchases 216 US 157Purchases 118 US 122Purchases 198 US 173Purchases 294 US 226Purchases 90 US 81Purchases 82Purchases 173Purchases 192Purchases GPGSTOC% GDP Index Govt GPGSTOC% &162 GDP Invest Index Govt GPGSTOC% &174 GDP Invest Index Govt GPGSTOC% &181 GDP Invest Index Govt GPGSTOC% &114 GDP Invest Index Govt GPGSTOC% &219 GDP Invest Index Govt US GDP Govt &130 GDP Invest Purchases Govt US &116 GDP Invest US Govt &145 GDP Invest Purchases Govt US &124 GDP Invest US Govt &159 GDP Invest Purchases Govt US &185 GDP Invest US Govt &192 GDP Invest Purchases Govt & Invest& 2.2 2.5 2.2 2 2.2 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 1.7 1.8 1.8 0.1 US 0.4 0.1Purchases 0 US 0.1Purchases 0 US 0.3Purchases 0.1 US -0.1Purchases 0.1 US 0.2Purchases -0.1 US 0.2Purchases -0.1Purchases -0.1Purchases 0.3Purchases 0.3Purchases GPGSTOC% GDP Index Govt GPGSTOC% & 0.5 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 0.2 GDPUS Govt & 0.2 GDP Invest Purchases Govt US & 0.3 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 & 0.3 GDP Invest Purchases Govt & Invest& 1.9 1.9 1.9 2 2 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 -1.4 -1.4 11.3 -1.3 -0.6 -3.3 6.4 -0.5 -1.9 -1.9 3.3Purchases 1.9Purchases 1.2Purchases 0.6Purchases 2.8Purchases -0.5Purchases 1.9Purchases 2.9Purchases 2.9Purchases GPGSTOC% US GDP Index Govt GPGSTOC% US & GDP Invest Index Govt GPGSTOC% US & GDP Invest Index Govt-2Purchases 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&
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
USA - ECONOMIC INDICATORS - II/II Indicator
S-09 O-09 N-09 D-09 J-10 F-10 Leading Indicator OECD Leading Indicator (index) 101.30 US 101.89 102.45 102.98 103.46 103.85 GPGSTOC% GDP Index Govt Purchases & Invest Conf. Board Leading Indicator 81.6 82.1 82.9 84 84.6 84.5 Conf. Board Leading Indicator (yoy %) -9.5 -5.8 -2.1 2.2 5.2 6.6 Conf. Board Leading Indicator (mom %) 0.9 US 0.6 1.3 & 0.7 GPGSTOC% GDP Index Govt1Purchases Invest -0.1 Leading Indicator Components Average Work Week (hrs) 40 40.1 40.4 40.6 40.9 40.4 Jobless Claims (000's) 538 524.7 495.5 477 486.4 485.2 New Orders - Consumers Index 112.9 115 115.4 116.4 119.1 116.9 Vendor Delivery Performance (% mthly) 58.2 57.5 56.4 57.5 59.6 60 New Orders - Capital Index 32.89 34.62 32.92 34.07 37.1 40.56 Building Permits (000's) 609 583 623 664 636 650 Stock Prices (S&P 500 Index) 1045 1068 1088 1110 1124 1089 M2 Money Supply Index in 1996 $'s ($ Bn adj)" 7686 7688 7703 7714 7663 7703 10-Year T-Note - Fed Funds (%) 3.25 3.27 3.28 3.47 3.62 3.56 Consumer Expectations Index 73.5 US68.6 66.5Purchases 68.9 &70.1 GPGSTOC% GDP Index Govt Invest 68.4 Housing Market Housing Starts (000's saar) 585 534 588 581 614 604 Building Permits (000's saar) 609 583 623 664 636 650 New Home Sales (000's saar) 386 396 375 352 345 336 Existing Home Sales (Mn saar) 4.62 5.02 5.44 4.4 4.23 4.3 Existing Home Sales (mom % saar) 3.82 8.66 8.37 -19.12 -3.86 1.65 Pending Home Sales (mom % sa) 4.21 US3.85 -12.85 -3.53 &0.32 GPGSTOC% GDP Index Govt Purchases Invest 5.58 NAHB Housing Market Index (sa) 19 US GDP 17Index 17Purchases 16 & Invest 15 17 GPGSTOC% Govt MBA Mortgage Applications (weekly % chg sa) -2.8 8.2 2.1 -22.8 21 14.6 Mortgage Delinquencies (% of Total Loans sa) 9.64 US9.64 9.64Purchases 9.47 &9.47 GPGSTOC% GDP Index Govt Invest 9.47 S&P/Case-Shiller Composite, 20-City Home Price IndexGPGSTOC% (yoy -9.29%)US -7.34 -5.39Purchases -3.09 &-0.7 GDP Index Govt Invest 0.66 Consumer Spending Retail Sales (yoy % sa) -2.6 0.8 1.3 0.4 0.1 0.1 Retail Sales ex-Autos (yoy % sa) 0.1 -0.1 1.2 0.7 0 0.7 ICSC Chain Store Sales (yoy % nsa) 0.7 US 0.7 0.7Purchases 0.7 & 0.7 GPGSTOC% GDP Index Govt Invest 0.7 Total Vehicle Sales (units Mn sa) 9.4 10.4 10.9 11.1 10.7 10.1 Domestic Vehicle Sales (units Mn sa) 6.97 US7.91 8.34Purchases 8.58 &8.17 GPGSTOC% GDP Index Govt Invest 7.74 Consumer Confidence Conference Board Index (sa) 53.4 48.7 50.6 53.6 56.5 46.4 U. of Mich. Consumer Confidence Index 73.5 70.6 67.4 72.5 74.4 73.6 ABC Consumer Confidence Index -46 US -51 -45Purchases -44 & -48 GPGSTOC% GDP Index Govt Invest -50 Personal Sector Personal Income (yoy % sa) -5.7 -5.3 -4 -2.2 0 1.4 Personal Income (mom % sa) 0.1 US GDP 0Index 0.5Purchases 0.6 & 0.9 GPGSTOC% Govt Invest 0.2 Personal Expenditure (yoy % sa) -1.5 -0.9 -0.6 0.5 0 0.6 Personal Expenditure (mom % sa) -1.1 US 0.2 0.5 &-0.1 GPGSTOC% GDP Index Govt0Purchases Invest 0.3 Personal Savings Rate (%) 4 3.5 3.9 4 4.7 4.6 Consumer Credit Net Monthly Chg. ($ Bn) -8.262 US -10.76 -20.22 -8.233 -7.979 GPGSTOC% GDP Index Govt Purchases & Invest-11.5 External Sector Current Account Bal. ($ Bn sa) -95.7 -100.7 Trade Balance ($ Bn sa) -34.04 -33.57 -37.04 -37.92 -37.08 -40.68 Exports (yoy %) -11.9 -7.8 -1.1 9.1 15 13.6 Imports (yoy %) -20.5 US -17.9 -4.7Purchases 4.5 &11.1 GPGSTOC% GDP Index Govt Invest 19.9 Import Price Index (yoy % nsa) -12 -5.6 3.4 8.6 11.4 11.3 Import Price Index (mom % nsa) 0.2 US 0.8 1.5Purchases 0.2 & 1.2 GPGSTOC% GDP Index Govt Invest -0.1 Net Long-Term TIC Flows ($ Bn) 41.22 19.32 126.4 73.72 15.03 49.35 Total Net TIC Flows ($ Bn) 87.44 US -23.16 27.32Purchases 66 -4.309 GPGSTOC% GDP Index Govt & Invest18.87 Government Sector Gov't Budget Balance ($ Bn nsa) -45.21 US -176.4 -120.3 -91.41 -42.63 -220.9 GPGSTOC% GDP Index Govt Purchases & Invest Monetary Sector M1 Money Supply (yoy %) 13.8 13.8 11 5.7 6 8.6 M2 Money Supply (yoy %) 7 US 5.9 5.7Purchases 3.4 & Invest 2 2.3 GPGSTOC% GDP Index Govt Financial Sector Fed Funds Rate (%) 0.25 0.25 0.25 0.25 0.25 0.25 3-Month T-Bill Rate (%) 0.11 0.04 0.05 0.05 0.07 0.11 10-Year Treasury Yield (%) 3.31 3.38 3.20 3.84 3.58 3.61 Equity Market (S&P 500 Index) 1057 1036 1096 1115 1074 1104 US$ Major Currency Index 74.06 US 72.83 72.41Purchases 73.28 73.82 GPGSTOC% GDP Index Govt & Invest75.50
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
104.15 104.33 104.39 104.38 104.39 104.47 104.61 104.82 105.10 105.40 105.67 105.87 105.98 105.98 105.89 105.75 105.60 105.49 105.51 105.68 105.98 106.33 106.66 106.91 107.07 107.15 107.18 107.20 107.26 107.39 107.59 107.81 107.81 107.81 107.81 107.81 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 91.3 90.9 91.5 91.6 92.2 92.2 92.9 93.1 92.9 93.3 92.7 93.1 92.6 93.1 93.4 93.4 93.9 93.9 93.9 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 4.8 3.6 4.5 3.6 3 3.1 3.1 2.1 2 1.6 1.1 0.9 1.4 2.4 2.1 2 1.8 1.8 1.8 1.8 0.7 0.1 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 -1.1 -0.4 0.7 0.1 0.7 0 0.8 0.2 -0.2 0.4 -0.6 0.4 -0.5 0.5 0.3 0 0.5 0.5 0.5 41 467.8 119.9 64.1 37 687 1152 7685 3.57 67.9
41.2 462.7 120.7 59.8 41.12 637 1197 7705 3.65 66.5
41.4 463.2 120.8 60.6 40.52 575 1125 7751 3.22 68.8
636 687 381 4.5 4.65 4.17 15 1.3 10.06 2.34
687 583 637 575 422 280 4.87 4.89 8.22 0.41 8.59 -28.84 19 22 4 0.9 10.06 10.06 3.81 4.63
41 463.2 120.6 57.7 41.3 587 1083 7782 3.02 69.8
41.1 458.5 127 58 41.35 579 1080 7761 2.83 62.3
41.2 473.2 125.3 55.9 40.73 580 1087 7772 2.51 62.9
41.3 448.1 126.7 53.8 46.04 563 1122 7794 2.46 60.9
41.2 447.9 123.9 52.3 45.02 558 1172 7825 2.35 61.9
41.2 430.1 127 58.1 41.22 560 1199 7845 2.57 64.8
41.3 420.2 127.5 56.7 39.44 632 1242 7862 3.11 67.5
41.1 430.5 125.7 58.6 41.93 566 1283 7890 3.22 69.3
41.4 405.6 123.2 59.4 43.85 536 1321 7897 3.42 71.6
41.5 402.2 127.6 63.1 45.93 590 1304 7907 3.27 57.9
41.4 430 123.9 60.2 43.38 578 1332 7921 3.36 61.6
41.5 424.1 125 55.7 45.68 624 1338 7951 3.08 69.5
41.4 422.1 124 56.3 44.43 633 1287 8026 2.91 64.7
41.4 408 129.1 50.4 46.13 627 1325 8148 2.93 55.9
41.3 406.9 125.6 50.6 48.67 645 1185 8292 2.2 47.6
41.3 408.3 125.1 51.4 46.85 616 1174 8295 1.9 49.4
41.5 399.7 127.4 51.3 45.27 667 1207 8341 2.08 51.7
41.5 391.1 129.5 49.9 48.88 709 1226 8385 1.93 54.9
41.6 377.2 132.6 49.9 48.88 701 1243 8385 1.91 63.6
41.8 376.9 128.2 49.9 48.88 684 1301 8385 1.89 69.1
41.9 367.3 129 49.9 48.88 707 1352 8385 1.87 70.3
41.6 363.3 128.7 49.9 48.88 769 1389 8385 2.04 69.8
41.7 384.3 129.5 49.9 39.34 723 1386 8385 1.91 72.3
41.6 378.7 130 49.9 40.21 784 1341 8385 1.64 74.3
41.6 386.4 128.2 49.9 39.04 760 1323 8385 1.46 67.8
41.7 366.1 132 49.9 36.77 811 1360 8385 1.37 65.6
41.5 371.8 128.2 49.9 37.12 801 1403 8385 1.55 65.1
41.5 375.7 129 49.9 37.53 890 1443 8385 1.58 73.5
41.5 367.2 130.1 49.9 37.53 868 1438 8385 1.59 79
41.6 408.2 132.2 49.9 37.53 900 1395 8385 1.49 77.6
41.6 359 132.2 49.9 37.53 903 1422 8385 1.56 63.8
41.6 359 132.2 49.9 37.53 903 1422 8385 1.56 63.8
41.6 359 132.2 49.9 37.53 903 1422 8385 1.56 63.8
536 546 587 579 305 283 4.43 3.39 -9.41 -23.48 -3.28 5.61 16 14 8.8 1.3 9.85 9.85 4.24 3.16
599 580 282 3.68 8.55 0 13 2.7 9.85 1.63
594 563 317 3.81 3.53 -0.12 13 -0.8 9.13 0.43
543 558 291 3.79 -0.52 6.68 15 -5 9.13 -0.85
545 560 287 4.01 5.8 5.1 16 -16.5 9.13 -1.64
539 632 326 4.27 6.48 -1.43 16 2.3 8.25 -2.4
632 566 308 4.54 6.32 0.56 16 11.3 8.25 -3.12
518 536 273 4.22 -7.05 -1.56 16 -6.5 8.25 -3.48
600 590 301 4.26 0.95 1.7 17 -7.5 8.32 -3.98
552 578 312 4.2 -1.41 -7.12 16 4 8.32 -4.24
551 624 308 4.15 -1.19 6.83 16 -4 8.32 -4.49
615 633 304 4.18 0.72 1.68 13 -2.7 8.44 -4.39
614 627 297 4.05 -3.11 -0.22 15 7.1 8.44 -4.02
581 645 292 4.41 8.89 -0.99 15 -9.6 8.44 -3.72
647 616 306 4.28 -2.95 -3.01 14 -4.3 7.99 -3.6
630 667 314 4.32 0.93 6.56 17 0.2 7.99 -3.57
708 709 327 4.4 1.85 4.64 19 -11.7 7.99 -3.88
697 701 339 4.38 -0.45 -1.86 21 -4.1 7.58 -4.07
720 684 339 4.63 5.71 2 25 -2.9 7.58 -3.95
718 707 366 4.6 -0.65 0.41 28 -0.3 7.58 -3.57
706 769 352 4.47 -2.83 3.8 28 4.8 7.4 -2.59
747 723 358 4.62 3.36 -5.54 24 0.1 7.4 -1.76
706 784 369 4.62 0 5.45 28 -1.3 7.4 -0.49
754 760 360 4.37 -5.41 -1.39 29 -6.7 7.58 0.63
728 811 366 4.47 2.29 2.62 35 0.2 7.58 1.22
750 801 367 4.83 8.05 -2.65 37 -2.4 7.58 1.99
843 890 379 4.69 -2.9 0.4 40 16.6 7.4 2.97
889 868 364 4.76 1.49 5.02 41 -4.8 7.4 4.21
851 900 398 4.99 4.83 1.63 45 4.5 7.4 5.52
954 909 369 4.94 -1 -4.33 47 -10.4 7.4 5.52
954 909 369 4.94 -1 -4.33 47 -8.1 7.4 5.52
954 909 369 4.94 -1 -4.33 47 3.4 7.4 5.52
2 0.8 0.7 11.5 8.83
0.7 0.4 0.7 11.1 8.67
-0.7 -1 0.7 11.7 9.13
-0.4 -0.2 0.7 11.4 8.79
0.3 -0.1 0.7 11.7 8.99
0.9 0.9 0.7 11.9 9.01
0.8 0.8 0.7 11.7 8.94
1.3 0.9 0.7 12.2 9.28
1 1.1 0.7 12.2 9.3
0.7 0.7 0.7 12.5 9.56
0.8 0.5 0.7 12.5 9.57
0.9 0.9 0.7 12.8 9.78
0.8 1.1 0.7 12.8 9.73
0.4 0.6 0.7 12.9 10.03
0 0.3 0.7 11.9 9.21
0.9 0.7 0.7 11.7 9.1
0.3 0.2 0.7 12.4 9.73
0.2 0.6 0.7 12.4 9.8
0.7 0.1 0.7 13.1 10.2
1.3 1 0.7 13.3 10.33
0.2 0.2 0.7 13.5 10.46
-0.1 -0.4 0.7 13.5 10.59
0.9 1.2 0.7 13.9 10.88
1 1 0.7 14.4 11.18
0.4 0.5 0.7 14.1 10.94
-0.5 -0.6 0.7 14.1 10.95
-0.1 -0.3 0.7 13.9 10.88
-0.7 -0.8 0.7 14.3 11.27
0.7 0.9 0.7 14.05 11
1 0.8 0.7 14.46 11.54
1.2 1.1 0.7 14.88 11.49
-0.2 0.2 0.7 14.22 11.1
0.4 -0.1 0.7 15.46 12.01
0.5 0.3 0.7 15.3 11.97
0.5 0.3 0.7 15.23 12.08
0.5 0.3 0.7 15.23 12.08
52.3 73.6 -45
57.7 72.2 -49
62.7 73.6 -44
54.3 76 -41
51 67.8 -48
53.2 68.9 -45
48.6 68.2 -45
49.9 67.7 -47
57.82 71.6 -45
63.4 74.5 -44
64.8 74.2 -41
72 77.5 -40
63.8 67.5 -47
66 69.8 -45
61.7 74.3 -47
57.6 71.5 -44
59.2 63.7 -47
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
58.6 73.8 -38
58.6 73.8 -38
2.7 3.5 2.8 4.2 4.8 5.3 0.6 0.7 0.6 0.2 0.2 0.5 1.4 1.7 1.8 1.9 1.8 1.3 0.5 0.1 0.2 0 0.1 0.5 4.6 5.3 5.7 5.8 5.6 5.4 4.186 -7.901 -8.738 -4.618 -6.649 -0.472
5.2 0 2.5 0.1 5.2 3.769
5.6 0.4 2.7 0.4 4.9 6.259
5.3 0.2 3.2 0.4 4.6 2.995
5.3 0.7 2.8 0.2 4.9 137.2
6.4 1.9 3.1 0.2 5.5 -0.39
6.5 0.4 3.1 0.3 5.2 8.88
6.1 0.1 3 0.3 4.6 8.185
5.7 0.3 3 0 4.5 2.401
5.1 0 2.6 -0.1 4.4 7.99
5.1 0.2 2.4 -0.2 4.7 9.147
5 4.4 0.1 0 2.8 2.1 0.5 -0.1 4.2 4 9.854 -8.202
4.6 0.1 2.4 0.4 3.5 10.39
4.5 0.3 2.3 0.2 3.6 3.61
4 -0.2 1.9 0 3.2 18.13
3.6 0.3 1.7 0 3.4 16.23
2.6 0.9 1.8 0.3 3.7 14.8
2.9 0.7 1.9 0.4 3.5 9.032
3.2 0.5 1.6 0 3.7 13.42
2.9 0 1.8 0.2 3.5 10.6
3 0.1 1.9 0 3.9 19.43
3.1 0.3 2 -0.1 4.1 10.35
3.1 0.1 1.9 0.3 3.9 -1.78
3.2 0.1 1.9 0 3.6 19.01
3.5 0.4 1.9 0.5 3.3 11.99
3.2 0.1 1.5 -0.2 3.4 14.08
4.5 1 2 0.6 4.1 16.05
6.9 2.6 2.2 0.2 6.5 16.05
6.9 2.6 2.2 0.2 6.5 16.05
6.9 2.6 2.2 0.2 6.5 16.05
-111 -111.7 -114.6 -114.6 -114.6 -104.7 -104.7 -104.7 -40.19 -41.42 -40.59 -45.68 -40.42 -45.11 -43.61 -40.43 -38.86 -40.68 -47.52 -44.8 18.1 18.7 20.7 18 18.6 18.3 14.9 14.8 15.4 14.9 16.9 15.1 22.3 23.2 27.8 27.8 19.8 23.5 17.5 15.9 13.2 13.3 19.3 14 11.2 11.2 8.5 4.3 4.9 3.8 3.6 3.9 4.1 5.3 5.6 7.6 0.4 1.1 -0.8 -1.2 0 0.4 0 1.1 1.7 1.4 1.5 1.7 139.7 77.63 31.9 42.99 59.44 126.5 75.44 29.39 84.36 61.31 48.57 21.66 -3.576 9.308 18.3 -9.107 74.32 19.39 85.62 1.7 29.97 59.39 34.2 91.48 -65.39 -82.69 -135.9 -68.42
-165 -90.53 -34.61 -140.4 -150.4 -78.13
8.5 1.4
5.5 1.3
5.7 1.3
4.3 1.4
3.8 1.4
0.25 0.15 3.83 1169 75.18
0.25 0.15 3.65 1187 75.37
0.25 0.15 3.28 1089 78.45
0.25 0.17 2.93 1031 79.01
0.25 0.14 2.91 1102 76.72
-120 -120 -120 -119.1 -119.1 -119.1 -108.2 -108.2 -108.2 -118.7 -118.7 -118.7 -133.6 -133.6 -133.6 -118.1 -118.1 -118.1 -107.5 -107.5 -107.5 -107.5 -107.5 -107.5 -44.9 -43.56 -47.67 -50.32 -45.58 -44.78 -44.47 -45.7 -48.84 -51.75 -52.21 -44.51 -51.65 -49.65 -46.93 -40.85 -41.63 -42.58 -40.28 -42.06 -48.73 -48.73 -48.73 -48.73 16.9 19 15.4 13.7 15.3 15.1 15.9 11.5 9 7.4 6.4 8.3 6.1 4 4.3 7.6 2.9 1.9 3.7 1.2 3.3 3.3 3.3 3.3 15.8 16 15.9 12.9 14.8 11.5 12.9 11.8 12.2 11.3 7.1 6.4 8 6 3.1 1.6 0.5 0.5 1.1 -0.7 2.5 2.5 2.5 2.5 10.3 11.9 12.9 13.6 13.7 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 -1.5 -1.5 -1.5 -1.5 3 2.6 0.1 -0.6 0.1 -0.4 -0.1 -0.4 0.7 0 0 0 1.4 -0.1 -1.5 -2.3 -0.7 1.2 1 0.4 -0.8 -0.1 -0.1 -0.1 13.92 21.75 21.36 2.26 1.985 57.93 76.44 14.31 67.97 20.91 105.3 13.03 35.73 24.29 56.03 8.168 68.2 90.26 3.241 -1.041 52.35 52.35 52.35 52.35 137.4 60.88 -27.3 -23.09 -76.21 104.1 74.41 -34.2 46.09 102.9 4.677 101.5 -50.24 -13.46 101.9 11.54 71.69 63.85 4.485 -58.95 27.75 27.75 27.75 27.75 -0.26
-0.26
-0.26
10 3.8
10.4 4.4
11.8 5.1
13.7 5.1
13.3 5.8
15.9 8
21.1 10.3
20.5 10.2
20.5 9.8
18.5 10
17.4 9.9
18.6 10.3
18.1 10
17.6 9.9
18.3 9.8
16.5 9.6
16.1 9.2
15.6 8
10.7 6.2
11.8 6.7
13 7.3
11.3 7.2
12.9 7.9
12.9 7.9
12.9 7.9
0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.13 0.15 0.11 0.16 0.12 0.15 0.13 2.47 2.51 2.60 2.80 3.29 3.37 3.43 1049 1141 1183 1181 1258 1286 1327 75.90 GPGSTOC% 74.94 US 72.26 72.78Purchases 73.74 72.87 GDP Index Govt & Invest71.93
0.25 0.09 3.47 1326 70.74
0.25 0.04 3.29 1364 69.48
0.25 0.05 3.06 1345 69.57
0.25 0.01 3.16 1321 69.48
0.25 0.09 2.80 1292 69.04
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 0.07 1.99 1512 73.36
5.3 2.1
6.1 2.5
6.1 2.7
8.5 2.7
8.4 3
-49.8 -222.5 -188.2 -40.39 -57.64 -43.08 -129.4 -134.1 -62.75 -98.47 -137.3 -85.97 -27.41 -231.7 -198.2 10.1 3.8
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
59.12 -124.6 -59.74
-69.6 -190.5
75.18
-120 -172.1
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 %)
S-09 O-09 N-09 D-09 J-10 F-10 M-10 National Accounts -4.4 -2.3 0.4 0.4 2231 2243 GPGSTOC% US GDP Index Govt Purchases & Invest -3.7 Purchases & Invest -2.8 GPGSTOC% US GDP Index Govt -1 -0.1 -13.2 -10.4 2.6 2.5 GPGSTOC% US GDP Index Govt Purchases & Invest Consumer Prices -0.3 -0.1 0.5 0.9 1 0.9 1.2 US1.2 1 Purchases 1.1 0.8 0.8 GPGSTOC% GDP Index Govt & Invest
Consumer Price Index (mom %) CPI ex-Food & Energy (mom %)
-0.3 US-0.1 0.6 Purchases 0.9 0.9 GPGSTOC% GDP Index Govt &1Invest 0 0.2 0.1 0.3 -0.8 0.3 0.2 US0.3 -0.1 Purchases 0.5 -1.6 0.4 GPGSTOC% GDP Index Govt & Invest
PPI Finished Goods (yoy %) PPI ex-Const. & Energy (yoy %) PPI Intermediate Goods (yoy %) PPI Manufacturing (yoy %)
Producer Prices -7.7 -6.6 -4.4 -2.9 -1 -0.4 -4.2 -3.9 -3.1 -2.3 -1 -0.5 -7.4 -6.5 -4.9 -3.5 -1.5 -0.4 -6.9 US-5.2 -2.8 Purchases -0.9 0.9 1.5 GPGSTOC% GDP Index Govt & Invest
Producer Price Index (mom %) PPI ex-Const. & Energy (mom %) 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)
A-10 M-10
-0.4 0.3 0.2 0.1 0.7 0.1 0 US-0.1 0 Purchases 0.1 0.3 0.1 GPGSTOC% GDP Index Govt & Invest Labor Market 9.9 US 10 10 Purchases 10.1 10.1 10.1 GPGSTOC% GDP Index Govt & Invest
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
1 0.5 2260
2.3 1 2289
2.3 0.4 2305
2.3 0.3 2316
2.4 0.6 2341
1.6 0.2 2353
1.3 0.1 2364
0.6 -0.3 2361
-0.1 0 2368
-0.5 -0.2 2370
-0.6 -0.1 2379
-0.6 -0.1 2379
-0.1
1.9
1.5
1.8
1.7
0.9
0.4
-0.7
-1.6
-2.3
-2.3
-2.3
0.6 -4.3 1.4
0.8 0.5 0.9
1.1 1.4 0.6
1.1 1.4 0
0.9 3.5 0.2
0.2 1.4 0.1
0.2 0.7 -0.4
-0.8 0.8 -0.4
-1.1 -2.5 -0.1
-1.1 -3.9 -0.2
-1.4 -4.2 -0.1
-1.4 -4.2 -0.1
1.4 1.2
1.5 0.9
1.6 0.9
1.4 1
1.7 1
1.6 1
1.8 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 1.6
2.5 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
2.2 1.5
1.5
1.5
1.6
1.4
1.7
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
2.2 1.5 2
1.1 1.1
0.4 0.2
0.1 0.1
0 0
-0.4 -0.6
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 0.9
0.4 0.3
0.1 -0.1
0.3 0.4
-0.8 -1.7
0.5 0.3
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 -0.2
0.4 0.5
-1 0.5
-1 0.5
0.9 0.1 0.8 2.7
2.8 1 2.7 3.7
3.2 1.7 3.9 4.1
3.1 1.9 4.3 3.6
4 2.1 4.5 3.8
3.6 2.3 4.7 3.3
4.3 2.6 5.1 4
4.4 2.9 5.5 4.1
4.6 3.1 5.8 4.4
5.4 3.3 6.3 5.2
5.9 4 7.3 5.7
6.6 4.5 8.2 6.4
6.8 4.6 8.1 6.7
6.8 4.5 7.3 6.3
6.2 4.2 6.6 5.6
5.9 4.1 6.3 5.4
6.1 4 6.1 5.8
5.8 3.8 5.7 5.5
5.8 3.5 5 5.3
5.5 3.2 4.1 5
5.4 3 3.5 4.7
4.3 2.5 2.7 3.7
3.9 1.9 1.6 3.3
3.8 1.7 1.1 3
3.5 1.6 0.9 2.6
2.6 1.3 0.6 2
2.3 1.1 0.5 1.8
1.8 0.9 0.1 1.1
1.7 0.7 -0.2 1.1
2.7 1 0.2 2.2
2.7 1.2 0.7 2.3
2.6 1.5 1.2 2.3
2.1 1.5 1.4 1.7
2.1 1.6 1.6 1.6
2.1 1.6 1.6 1.6
2.1 1.6 1.6 1.6
0.6 0.3
1 0.6
0.3 0.4
0.3 0.2
0.2 0.1
0.1 0.2
0.3 0.3
0.4 0.2
0.4 0.2
0.8 0.3
1.3 0.9
0.8 0.6
0.8 0.3
0.9 0.5
-0.2 0.2
0 0.1
0.4 0.1
-0.2 0.1
0.3 0
0.1 -0.1
0.3 -0.1
-0.2 -0.1
0.9 0.3
0.6 0.4
0.5 0.2
0 0.2
-0.5 0
-0.5 -0.1
0.3 -0.1
0.9 0.3
0.2 0.3
0 0.1
-0.2 -0.1
-0.2 0
-0.2 0
-0.2 0
10.2
10.2
10.2
10.1
10.1
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
11.7
11.7
11.7
11.7
2.6 US2.6 2.6 Purchases 1.6 1.6 1.6 GPGSTOC% GDP Index Govt & Invest Economic Activity -12.8 -11.1 -7 -3.7 2.4 4.6 2.2 US-0.5 0.1 Purchases 0.1 1.7 -0.3 GPGSTOC% GDP Index Govt & Invest
1.8
1.8
1.8
1.7
1.7
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
1.6
1.6
1.6
1.9
1.9
1.9
2
2
2
2
2
2
7.7 1.7
9.3 0.5
9.7 2.2
8.4 -0.2
7.7 -0.3
8.3 0.1
5.7 0.8
7.3 0.8
8 0.7
8.7 0.6
5.9 -0.2
7.6 0.8
5.7 -0.1
5.2 -0.2
4.1 0.8
2.6 -1.2
4 1.3
5.7 0.5
2.1 -1.6
0.8 -0.3
-0.1 -0.2
-1.7 -1
-1.8 -0.1
-1.7 0.6
-1.7 -0.1
-2.5 -1.1
-2.5 0.8
-1.9 -0.4
-2.6 0.5
-1.2 0.8
-2.7 -2.3
-3.3 -1
-3.7 -0.3
-3.7 -0.3
-3.7 -0.3
-3.7 -0.3
-16.3 -14.9 -1.5 9.1 8.8 11.5 4.2 US-2.5 2 Purchases 1 -0.3 0.8 GPGSTOC% GDP Index Govt & Invest
19.1 5.3
21.7 2.4
22.7 0.9
20.9 3
13.1 -1.5
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
-7.9 -6.6 -7.5 -3.6 -10.3 -14.2 -5.3 -6.5 -7.2 1.9 -7.9 -8.8 -8 -0.9 0.2 -1.1 0.3 -1.6 -6.4 6.4 -0.1 -1.1 2 -3.7 -0.4 -1.6 69.2 US 69.2 69.2 70.6 70.6 70.6 72.2 72.2 72.2 75.8 75.8 75.8 77.1 GPGSTOC% GDP Index Govt Purchases & Invest Business Conditions -1.57 -1.17 -0.9 -0.73 -0.55 -0.2 0.2 0.27 0.28 0.51 0.6 0.67 0.86 -2.81 US -2.73 -2.55 -2.35 -2.1 -1.8 -1.49 -1.19 -0.92 -0.65 -0.43 -0.22 -0.01 GPGSTOC% GDP Index Govt Purchases & Invest
-6.4 0.5 77.1
-7.6 -13.8 -1 -2.6 77.1 77.9
-4.1 4 77.9
3.3 -0.5 77.9
-5.3 -0.1 80.1
-3 0.8 80.1
-0.8 0.5 80.1
-11 -1.2 81.6
2.5 1.2 81.6
2.6 1 81.6
1 -1.7 80.6
-1.8 -1 80.6
1.4 1.8 80.6
10.6 -1.7 79.8
-2.1 -14.9 -0.8 -9.5 79.8 79.8
-2.8 10.9 79.9
-5.9 -3.2 79.9
-7.8 0.3 79.9
-3 -0.3 79.8
-6 0.5 79.8
-1.7 0.7 79.8
-4.7 -1.7 78
-3.3 0 78
-4.7 -0.4 78
-4.7 -0.4 76.9
-4.7 -0.4 76.9
-4.7 -0.4 76.9
0.9 0.16
1.23 0.34
1.4 0.51
1.42 0.68
1.39 0.81
1.26 0.9
0.98 0.96
0.95 1.01
0.49 1.01
0.13 -0.02 -0.14 -0.36 -0.25 -0.14 -0.09 -0.21 -0.45 -0.73 -0.9 -1.22 -1.15 -1.32 -1.61 -1.17 -1.11 -1.11 -1.09 -1.09 0.97 0.92 0.83 0.73 0.6 0.48 0.35 0.22 0.07 -0.07 -0.22 -0.37 -0.47 -0.58 -0.7 -0.77 -0.84 -0.85 -0.92 -0.92
1.8
29.5
31
19.7
13.6
-5.9
Economic Confidence Index Industrial Confidence Index Services Confidence Index
59.6 US 56.9 51.8 48 46.4 40.2 GPGSTOC% GDP Index Govt Purchases & Invest 87.3 89.8 91.9 94.4 95.6 96 -24.4 -21 -18.7 -16 -13.8 -12.6 -8.3 US-7.4 -5.2 Purchases -3.1 -2.7 -0.1 GPGSTOC% GDP Index Govt & Invest
37.9
46
37.6
18.8
13.8
15.5
25.4
98.3 100.3 -9.5 -7.6 1.7 4.8
98.6 -6.2 2.3
99.4 101.4 102.4 103.6 104.5 105.8 -5.4 -3.8 -2.7 -1.4 0.5 1.7 3.2 5.8 5.8 7 7.4 8.7
10.7
15.8
4.4
107 5 9.1
107 108.2 107.5 106.3 105.8 105.6 103.2 5.9 6.5 6.4 5.5 3.7 3.3 0.7 9.2 10.6 10.2 9.7 8.8 9.6 7.4
Sentix Total Econ. Sentiment Index
-14.6 US -12.6 -6.97 -5.54 -3.65 -8.23 -7.48 2.515 -6.38 -4.13 -1.28 8.217 7.624 8.785 GPGSTOC% GDP Index Govt Purchases & Invest
14 9.729
10.6
-7
-40 -44.6 -51.2 -59.1 -54.1 -32.5 98.8 -2.7 3.4
95.3 -5.9 -0.4
95.1 -6.5 -0.3
94.2 -7.1 -2.1
16.7 17.07 14.22 10.88 3.484 5.307 -13.5 -15.4 -18.5 -21.2
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
93.5 -7.1 -2.7
94.3 -6.8 -0.7
-8.1
11
95.3 -5.5 -1
95.2 -7 -0.4
13.1
-2.4 -20.1 -22.3 -21.2
93.7 91.4 90.7 -8.8 -11.2 -12.7 -2.5 -5.3 -7.5
-3.8
-1.4
-2.6
7.6
31.2
31.2
88.7 86.9 86 85.2 86.6 87.8 89.2 89.2 -15 -15.3 -15.9 -18.2 -14.9 -14.2 -13.9 -13.9 -8.6 -10.9 -12 -12.2 -12 -9.8 -8.8 -8.8
-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
EUROZONE - ECONOMIC INDICATORS - II/II Indicator
S-09
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
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
Leading Indicator OECD Euro Area Lead. Indicator
103.7 US 104.2 104.5 104.9 105.1 105.3 105.5 105.7 105.8 105.9 GPGSTOC% GDP Index Govt Purchases & Invest
DZ Bank Leading Indicator
93.91 94.38 94.47 94.44 94.56 94.38 94.96 95.32 94.99
94.9 95.51 95.73 95.91 96.08 96.42
106 106.2 106.3 106.5 106.6 106.8 106.9 106.9 106.9 106.8 106.6 106.4 106.1 105.8 105.6 105.4 105.2 105.2 105.1 105.1 105.1 105.1
DZ Bank Leading Indicator (yoy %)
-1.78 US 0.57 1.96 2.95 2.86 3.65 GPGSTOC% GDP Index Govt Purchases & Invest
105 104.9 104.8 104.7 104.7 104.7 104.7 104.7 104.7 104.7
96.9 97.26 97.67 97.91 97.75 97.24 96.97 96.48 95.25 94.63 94.54 94.34 94.62 94.82 95.24 95.05 94.72 94.32
5.06
4.3
3.64
2.63
2.61
2.3
2.13
1.8
2.06
2.6
2.85
3.5
3.1
2.54
2.36
2.18
1.02
-0.5 -1.34 -1.61 -2.16 -2.35 -2.51
3565
3576
3583
3597
3627
3640
3650
3658
3675
3683
3707
3725
3728
3757
3767
3780
3795
3799
3799
11.5 US7.3 7.9 Purchases 19.3 7.2 GPGSTOC% GDP Index Govt &5Invest
9.9
7
11.6
15.3
14.9
4.6
11.3
13.6
3.2
30.5
14
3.3
30.8
7.6
11
14.3
1.4
1.7
-2.5 -2.92
-3.1
94.2 94.07 94.04
-3 -2.86
94.2 93.73
94 94.15 94.71 94.71
-2.5 -1.27 -0.45 -0.85 -0.35 -0.49 -0.12 -0.12
Housing Market Lending for House Purch. (€ Bn) Lending for House Purch. Transactions (€ Bn)
3516
3523
3531
3552
3558
3810
3771
3777
3784
3782
3781
3787
3791
3794
3808
3809
3810
3816
3817
3822
3832
3832
3832
9.8 -18.9
4
6.1
-2.2
-0.6
6.8
4.7
1.1
14.8
2.2
1.1
6.6
1.3
4.3
8.9
8.9
8.9
Retail Sales Retail Sales (yoy % sa) Bloomberg Retail PMI Retail Trade Confidence (% bal.) Passenger Cars (yoy %) EU-25 New Car Registr. (yoy %)
-3.2 US-1.2 -2.2 Purchases -0.1 -0.7 0.4 GPGSTOC% GDP Index Govt & Invest
2
-0.2
0.9
1.7
1.7
1.8
1.5
0.9
1.2
-0.1
0.7
1.3
-1.4
1.1
-1.8
-0.7
-0.5
0
-1.1
-0.7
-1.5
-1.8
-1
-2
0.1
-3.4
-0.5
-0.7
-1.3
-0.7
-1.7
-2.9
-1.9
-3.4
-3.4
-3.4
44.6
46.9
47.2
47.4
50.4
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
45.9
-13 US -12.4 -10.3 -8.2 -7.3 -9.1 GPGSTOC% GDP Index Govt Purchases & Invest
-10
-3.4
-6.7
-5.4
-4.2
-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 -10.3 -12.1 -10.7
-8.7 -12.2
-4.2 -11.1
-9.7 -18.5
-8.8 -14.1 -20.1 -20.1 -20.1
-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
-6.8
-2.9
-8.9 -10.8
-4.8 -10.3 -16.3 -16.3 -16.3
48.6 10.2
50
48.9
14.4
27.7
50.3 16.6
46.5 12.9
3.1
6.7 US 12.1 26.9 16.6 13.6 2.8 GPGSTOC% GDP Index Govt Purchases & Invest
10.9
-7.5
-9.2
-6.6 -18.9 -13.2
-9.6 -16.6
-7.8
-9.8
-7
-18 -14.3 -14.9 -17.1 -18.4 -17.3 -14.8 -15.9 -15.6 -15.6 -8.6
-7.8
Consumer Confidence Consumer Confidence Index
-19.1 US -17.7 -17.4 -16.2 -15.7 -17.4 -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 -23.9
Personal Sector Consumer Credit (£ Bn)
633.2 631.4 630.3 633.6 625.1 620.8 621.4 622.5
Consumer Credit Transactions, Monthly
2.4 US-0.9 -1.8 Purchases 3.3 -7.1 -3.8 GPGSTOC% GDP Index Govt & Invest
622
2.4
-0.2
-1
-2.4 -11.5
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
629
627 628.5 623.7 618.8 617.6 617.9 618.6 617.1 611.4 607.3 604.9 603.5 599.9 603.8 603.8 603.8
6.4
-0.7
-1.8
-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
1.9
-3.6
-4.3
0.2
-0.8
1
0.4
-5.5
22.1 -12.4
-3.7
-0.9
-1
-1.7
2
2
2
External Sector Current Account Bal. (€ Bn nsa)
-2.3
0.8
0.3
Current Account Bal. (€ Bn sa)
-7.5
-3.4
-5.8
13.8 -11.1
-3.8
0.9
4.2
8.3
-4.1
-1.6
6.5
-0.6
-2.1
-1.4
-3.2
-4.8
-3.1
-3.3
-2.5
-2.2
-3.6
-6.1 -11.3
Current Account (% of GDP)
0 US GDP 0 Index 0 Purchases 0.6 0.6 0.6 GPGSTOC% Govt & Invest
-0.8
-0.8
-0.8
-0.8
-0.8
-0.8
-0.3
-0.3
-0.3
Trade Balance (€ Mn nsa)
548.3
Trade Balance (€ Bn sa)
430.9 US 2243 2647 1506 -2056 2782 -1463 GPGSTOC% GDP Index Govt Purchases & Invest
Exports (€ Tld)
112.4 115.8 113.5 111.4 97.79
Imports (€ Tlr)
111.8 US 111.7 111.2 108.9 108.7 108.5 133.6 GPGSTOC% GDP Index Govt Purchases & Invest
4123
2315
1.6
2472 ##### 1578
1911
-681 -5184 377.3
5051 -6176 354.6
-547 -3694 -3285 -2074 -2557 -47.8
0
0.6
-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
19.8
19.8
19.8
19.8
-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
9.1
7.2
9.8
9.6
9.9
10.9
9.4
8
14.8
14.8
14.8
14.8
0.6
0.6
-0.9
-0.9
-0.9
-0.5
-0.5
-0.5
0.3
0.3
0.3
1.5
1.5
1.5
-0.2
-0.2
-0.2
0.6
0.6
0.6
1.7
1.7
1.7
1.7
1.7
1.7
1984 -5940 842.3
-692
4897
8004 -8941
1421
7842
4094
7076 13213 14175
4839
8762
9270 13732 13732 13732 13732
83.1
3077
6604
1388
4634
4731
6382
8611 10580
7440 11025 11025 11025 11025
3079 -2342 -1696 ##### -3092
-5 -13.9
742 -4639 -1239 -48.9
2596 -3444 -3763 -3809 -1950 -2584 -4322
-179 -4428 -3932 -2230
-321
110 135.5 121.3 121.9 138.4 138.1 120.6 137.8 139.8 141.2 134.9 125.3 135.4 158.5 139.6 149.7 144.4 145.9 137.9 151.9 148.2 155.8 122 127.1
4453
9246
148 138.8 150.2 165.8 148.1 158.8 161.8
7018
162 151.8 153.4 169.1 164.2 164.2 164.2 164.2
138
133 126.7 137.5 136.7 143.5 136.6 141.8 138.5 157.8 144.2
151 144.4
144 143.8
151 148.9 150.9
140 147.8 148.8 157.9
144 151.8 148.6 147.8
147 144.6 159.9 150.5 150.5 150.5 150.5
Government Sector Yearly Gov't Budget Balance (% of GDP) Yearly Gov't Debt (% of GDP)
-6.3 80
GPGSTOC% US GDP Index Govt Purchases & Invest Monetary Sector
M1 Money Supply (yoy %)
12.5
12.3
12.5
12.4
11.8
11.3
10.5
10.2
10.2
8.9
8.6
7.6
6.3
5.2
4.5
4.1
3.2
2.8
3.1
2.1
1.1
1.4
1.2
1.6
1.8
1.9
2
2.2
2.1
2.3
2.9
2.2
3.3
3.7
4.6
5
5.6
6.1
6.5
6.4
6.4
6.4
M2 Money Supply (yoy %)
3.5
2.5
1.8
1.6
1.9
1.6
1.5
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
2.5
2.8
3.1
3.3
3.2
3.4
4.2
4.5
4.4
4.4
4.4
M3 Money Supply (yoy %)
1.8
0.4
-0.1
-0.3
0
-0.4
-0.1
-0.3
0
0.1
0.1
0.9
0.8
1
1.4
1.1
1.4
1.6
1.8
1.5
1.4
1.3
1.3
1.8
1.7
1.4
1.5
1.5
2
2.5
2.9
2.3
2.9
3
3.6
2.9
2.6
3.9
3.8
3.3
3.3
3.3
2.5 US1.6 0.6 Purchases -0.1 -0.2 -0.2 GPGSTOC% GDP Index Govt & Invest
-0.2
-0.2
-0.1
0
0.1
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
3.7
3.7
1
1
1
1
1
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
M3 Three-Month Avg. (yoy %)
Financial Sector ECB Refi Rate (%) 3-Month Euribor Rate (%)
1 0.753
1
1
0.72 0.719
1
1
1
0.7 0.665 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
0.22 0.197 0.191 0.187 0.232 0.232
10-Year Gov't Bond Yield (%)
3.22 3.231 3.159 3.387 3.196 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)
2873
2610
2651
3013
3011
2862
2849
2670
2330
US$/Euro Exchange Rate
1.464 1.472
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
104.5 US 104.5 105.3 103 100.3 99.81 99.59 98.05 94.05 91.24 94.08 91.86 GPGSTOC% 96.21 US 96.97 92.92 93.69 94.92 94.8 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
2744
2797
2965
2777
2728
2931
1.5 1.432 1.386 1.363 1.351
2817
2573
2742
2623
2748
2845
2793
2954
2911
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
2302
2180
2385
2317
2417
2512
2477
2306
1.2 1.583 1.285 1.334 1.442 1.462 1.386 1.316 2119
2265
2326
2441
2454
2504
2575
2636
1.68 1.649 2703
2629
1.23 1.258 1.286 1.296 1.299 1.319 1.358 1.356 95.2 95.67
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 %)
S-09 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 S-11 O-11 N-11 D-11 J-12 F-12 M-12 National Accounts -5.6 -5.6 -5.6 -0.5 -0.5 -0.5 5 5 5 4.5 4.5 4.5 6 6 6 3.3 3.3 3.3 0 0 0 -1.6 -1.6 -1.6 -0.5 -0.5 -0.5 -0.2 -0.2 -0.2 3.4 0.2 0.2 0.2 7.5 7.5 7.5 5.8 5.8 5.8 4.4 4.4 4.4 5.5 5.5 5.5 -1.6 -1.6 -1.6 -7.3 -7.3 -7.3 -2.8 -2.8 -2.8 10.4 10.4 10.4 0.3 0.3 0.3 5.7 0.1 US 0.1 0.1 Purchases 1.8 1.8 1.4 1.4 1.4 1.1 1.1 1.1 GPGSTOC% 1.3 US 1.3 1.3 Purchases -0.4 -0.4 -0.4 -1.9 -1.9 -1.9 -0.7 -0.7 -0.7 2.5 2.5 2.5 0.1 0.1 0.1 1.4 GPGSTOC% GDP Index Govt & Invest1.8 GDP Index Govt & Invest -5.5 US-5.5 -5.5 Purchases -2.8 -2.8 -2.8 2.4 2.4 2.4 2.1 2.1 2.1 GPGSTOC% 3.9 US 3.9 3.9 Purchases 1.3 1.3 -1.9 -1.9 -1.9 -3.7 -3.7 -3.7 -2.4 -2.4 -2.4 -1.8 -1.8 -1.8 2.3 GPGSTOC% GDP Index Govt & Invest GDP Index Govt & Invest1.3 -6.1 -6.1 -6.1 -4.3 -4.3 -4.3 0.7 0.7 0.7 2.9 2.9 2.9 5.9 5.9 5.9 3.9 3.9 3.9 0.8 0.8 0.8 -0.6 -0.6 -0.6 0.1 0.1 0.1 1.5 1.5 1.5 4.7 -0.7 US-0.7 -0.7 Purchases 0.9 0.9 0.9 0.9 0.9 1.1 1.1 1.1 GPGSTOC% 1.3 US 1.3 1.3 Purchases -0.4 -0.4 -0.4 -1.4 -1.4 -1.4 0.1 0.1 0.1 1.8 1.8 1.8 0.8 0.8 0.8 0.7 GPGSTOC% GDP Index Govt & Invest0.9 GDP Index Govt & Invest 4.5 4.5 4.5 5 5 5 3.7 3.7 3.7 1.9 1.9 1.9 1.2 1.2 1.2 -0.2 -0.2 -0.2 -1.2 -1.2 -1.2 0.9 0.9 0.9 0.4 0.4 0.4 -0.6 -0.6 -0.6 3 0.2 US 0.2 0.2 Purchases 0.2 0.2 0 0 0 -0.1 -0.1 -0.1 GPGSTOC% 0.1 US 0.1 0.1 Purchases 0.1 0.1 -0.2 -0.2 -0.2 0.1 0.1 0.1 0 0 0 0 0 0 0.6 GPGSTOC% GDP Index Govt & Invest0.2 GDP Index Govt & Invest0.1 0 US GDP 0Index 0 Purchases -2.4 -2.4 -2.4 -2.4 -2.4 -2.4 -2.2 -2.2 -2.2 GPGSTOC% -2 US GDP -2Index -2 Purchases -2 -1.9 -1.9 -1.9 -2.1 -2.1 -2.1 -1.9 -1.9 -1.9 -1.6 -1.6 -1.6 -1.1 GPGSTOC% Govt & Invest Govt &-2Invest -2 Consumer Prices -2.1 -2.4 -2.2 -2.2 -2.1 -1.8 -1.7 -1.5 -1.4 -1 -1.2 -1 -0.6 0.3 0.2 -0.1 -0.5 -0.5 -0.7 -0.7 -0.6 -0.6 0.1 -0.2 -0.3 -0.5 -0.9 -0.4 -0.2 -0.2 -0.1 -2.1 -2.2 -1.9 -1.9 -2 -1.8 -1.8 -1.9 -1.5 -1.3 -1.3 -1.1 -1 -0.5 -0.5 -0.4 -0.8 -0.8 -0.8 -0.5 -0.4 -0.4 -0.1 -0.2 -0.1 -0.4 -0.5 -0.3 -0.4 -0.3 -0.3 -1.4 US-1.4 -1.3 Purchases -1.5 -1.4 -1.3 -1.2 -1.4 -1.4 -1.4 -1.4 -1.4 GPGSTOC% -1.3 US-0.6 -0.6 Purchases -0.5 -0.9 -1 -1 -0.6 -0.7 -0.3 -0.6 -0.4 -1 -1.2 -1.1 -1.1 -1.1 -1 GPGSTOC% GDP Index Govt & Invest GDP Index Govt &-1Invest -2.2 -2.5 -1.9 -1.7 -1.3 -1.1 -1.1 -1.2 -0.9 -0.7 -0.9 -0.9 -0.6 0.2 0.1 0 -0.6 -0.5 -0.5 -0.4 -0.4 -0.4 0.2 0.2 0 -0.2 -0.5 -0.2 0.1 0.3 0.5 -2.3 -2.2 -1.7 -1.3 -1.3 -1.2 -1.2 -1.5 -1.2 -1 -1.1 -1 -1.1 -0.6 -0.5 -0.4 -0.8 -0.8 -0.7 -0.2 -0.1 -0.2 0.1 0.2 0.2 -0.1 -0.2 -0.1 -0.1 0.1 0.2 -1 US-1.1 -1 Purchases -1.2 -1.2 -1.1 -1.1 -1.6 -1.6 -1.5 -1.5 -1.5 GPGSTOC% -1.5 US-0.8 -0.9 Purchases -0.7 -1.3 -1.3 -1.4 -1.1 -0.8 -0.8 -0.5 -0.5 -0.4 -1 -1.1 -1.1 -0.9 -0.6 -0.5 GPGSTOC% GDP Index Govt & Invest GDP Index Govt & Invest Producer/Wholesale Prices -3.5 -2.6 -2.3 -1.6 -1.4 -1.4 -1.3 -1.3 -1 -1.3 -1.4 -1.4 -1.4 -1.4 -1.2 -1.3 -1.1 -1 -1.1 -0.9 -1.1 -0.9 -0.6 -0.6 -0.3 -0.2 -0.4 -0.1 -0.4 -0.7 -0.2 -0.1 US GDP 0Index -0.1 Purchases 0 -0.5 0.5 -0.6 -0.1 0.1 -0.4 -0.3 GPGSTOC% -0.1 US GDP 0Index 0.1 Purchases -0.2 -0.3 0.4 -0.4 -0.3 0.3 -0.1 -0.3 0.2 0.1 -0.1 0.1 -0.6 0 0.9 GPGSTOC% Govt & Invest0.2 Govt & Invest0.3 -7.9 -6.8 -5 -3.8 -2.1 -1.6 -1.3 -0.2 0.4 0.5 -0.1 0 -0.1 0.9 0.9 1.2 0.6 0.7 1.3 1.8 1.6 1.9 2.2 2.2 2 1.3 1.3 0.8 0.3 0.4 0.3 0.1 US-0.7 0 Purchases 0.1 0.6 0 0.3 0 -0.3 0 -0.1 GPGSTOC% 0 US-0.1 -0.1 Purchases 0.5 0.4 0.6 0.8 -0.2 0 0.3 -0.1 -0.2 -0.8 -0.1 0 -0.1 0.2 0.5 GPGSTOC% GDP Index Govt & Invest 0 GDP Index Govt & Invest0.1 -13.7 -7.7 -3.5 0.1 2.8 1.2 -2.3 -0.7 -1.2 -3.4 -4.2 -6.7 -5 -4.7 -3.2 -2.1 -3.5 -2.1 -2.2 -2.8 -2.9 -2.3 -0.7 -0.7 -0.9 -1.3 -2.7 -3.9 -4.7 -3.7 -0.4 -30.9 US -22.7 -10.4 4.9 12.2 6 12.3 15.3 9.3 5 2.1 GPGSTOC% 3.2 US 2.5 4.4 Purchases 4.4 2.6 7.2 7 7.1 8 10.4 10.9 9.3 10.2 7.3 5.6 1.7 2 6.2 GPGSTOC% GDP Index Govt Purchases & Invest9.9 GDP Index Govt & Invest4.5 Labor Market 5.3 5.2 5.3 5.2 5.1 5 5.1 5.1 5.1 5.1 5 5 5.1 5.1 5 4.9 4.9 4.7 4.7 4.7 4.6 4.7 4.7 4.4 4.2 4.4 4.5 4.5 4.6 4.5 4.5 0.43 0.44 0.44 0.44 0.45 0.46 0.48 0.49 0.5 0.52 0.53 0.54 0.55 0.56 0.57 0.58 0.6 0.61 0.62 0.62 0.62 0.63 0.65 0.66 0.67 0.68 0.69 0.71 0.73 0.75 0.76 99.6 99.7 99.6 99.7 99.7 99.8 99.9 99.8 99.9 99.9 100 100.1 100.2 100.3 100.2 100.2 100.5 100.5 100.6 100.4 100.4 100.6 100.7 100.7 100.7 100.8 100.9 100.9 101 101.1 101.2 60.2 US 59.8 59.6 Purchases 59.2 59.2 58.9 59.4 60 60.1 59.9 59.7 59.9 GPGSTOC% 60.2 US 59.9 59.4 Purchases 59.1 58.9 59 59.7 59.7 59.6 59.4 59.3 59.4 59.4 59.2 58.9 58.6 58.7 58.7 GPGSTOC% GDP Index Govt & Invest GDP Index Govt & Invest59 26.57 26.73 27.83 55.07 27.22 26.43 27.6 27.63 26.86 43.91 36.8 27.51 26.8 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 -2 -2.1 -2.6 -6 -0.4 -0.9 0.8 1.5 0 1.8 1.3 0.2 0.9 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 99.3 US 99.7 99.8 Purchases 99.8 99.1 99.5 100.3 101.3 99.5 100.3 100.1 99.6 GPGSTOC% 99.8 US 100.1 100 Purchases 100.2 98.8 99.3 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 GPGSTOC% GDP Index Govt & Invest GDP Index Govt & Invest Economic Activity -17.5 -14.4 -2.9 6.4 18.2 33.1 32.4 27 20.7 16.6 14.6 15.5 12.1 5 7 5.9 6.1 4.5 -12.4 -12.7 -4.6 -0.6 -1.7 1.6 -2.4 0.9 -2.9 -3 -1.6 1.5 14.2 1.8 1.5 2.6 2.6 3.4 1.7 0.1 0.6 -0.1 -1.5 0.3 -0.1 -0.8 -1.4 1.6 2.4 1.2 1.1 -16.2 2.4 5.8 3.8 1.1 0.9 -1.9 1.8 -1.7 2.3 0.9 -1.6 1.3 120.9 US 118.7 115.5 110 108 107.4 103.4 105 107.5 106.9 109 108 GPGSTOC% 109.1 US117 108 Purchases 108 108.4 105.9 108.8 126.6 121.5 115.2 116.6 115.2 117.6 116.6 115.6 112.7 113.5 110.4 115.3 GPGSTOC% GDP Index Govt Purchases & Invest GDP Index Govt & Invest -21.6 US -19.1 0.5 Purchases 8.6 30.7 74.9 71.2 50.8 30.6 25.9 16.8 20.8 GPGSTOC% 11.4 US-8.4 -6.7 Purchases -5.1 -6.3 -5.5 -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 GPGSTOC% GDP Index Govt & Invest GDP Index Govt & Invest -24 -21.5 -16.5 -1.9 5.6 -4.1 2.5 12.7 8.3 3.9 17.7 25.5 4.1 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 5 -4.2 -0.2 4.8 2.2 -5 4.3 3.6 -2 -7.3 10.4 6.4 -8.8 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 -62.1 US -42.5 -8.4 Purchases 63.4 189.4 217.4 262.2 220.9 192.5 139.5 144.9 170 GPGSTOC% 113.6 US GDP 71Index 104.2 64 -6.9 73.9 49.6 32.3 34 53.5 34.8 15.2 20.1 26 15.8 17.4 -6.9 -8.6 1.6 GPGSTOC% GDP Index Govt & Invest Govt Purchases & Invest 93.9 94.1 93.9 93.6 95.2 95.1 94.9 95.8 95.8 96 97.1 96.6 96.2 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 96.7 96.4 0.1 0.2 -0.2 -0.3 1.7 -0.1 -0.2 0.9 0 0.2 1.1 -0.5 -0.4 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 -0.3 96.7 96.9 96.7 96 97.8 97.4 96.3 97.8 97.5 97.6 98.3 98.4 98 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 99.2 99.2 98.6 -0.3 US 0.2 -0.2 Purchases -0.7 1.9 -0.4 -1.1 1.6 -0.3 0.1 0.7 0.1 GPGSTOC% -0.4 US 0.2 0.6 Purchases -0.2 0.5 -5.4 2.1 0.9 1.2 0.4 0.1 -0.2 0.6 -0.8 1.6 -0.6 0 -0.6 GPGSTOC% GDP Index Govt & Invest GDP Index Govt & Invest0.3 -24.8 -24.8 -24.8 -17.3 -17.3 -17.3 -11.5 -11.5 -11.5 -1.7 -1.7 -1.7 5 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 -25.7 US -25.7 -25.7 -18.5 -18.5 -18.5 -12.9 -12.9 -12.9 -1.5 -1.5 -1.5 GPGSTOC% 4.8 US 4.8 4.8 Purchases 4.8 4.8 3.4 3.4 3.4 -8.2 -8.2 -8.2 -11 -11 -11 4.9 4.9 4.9 3.5 GPGSTOC% GDP Index Govt Purchases & Invest GDP Index Govt & Invest4.8 1.5 1.4 0.2 -1 -1.5 -1.5 -1.9 -1.8 -2 -2 -1.8 -1.9 -1.8 -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 2.1 1.9 0.5 -0.9 -1.4 -1.4 -1.7 -1.7 -1.9 -1.9 -1.7 -1.7 -1.6 -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 1.6 1.5 0.1 -1.2 -1.7 -1.6 -2 -1.9 -2.1 -2.1 -1.9 -2 -1.8 -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 2.3 US 0.34 -1.39 -3.11 -3.13 -3.31 -3.17 -3.4 -3.53 -4.14 -4.17 -4.27 GPGSTOC% -3.98 US-4.5 -4.49 -4.32 -4.37 -4.38 -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 GPGSTOC% GDP Index Govt Purchases & Invest GDP Index Govt Purchases & Invest 1155 1261 1132 1136 1063 1090 1314 1154 1021 1148 1066 1064 1102 1136 1061 1102 1041 987 1183 1076 1071 1165 1081 1026 1001 976 1095 1032 985 1038 1161 -18 US -11.8 -11.4 -16.6 -21.8 -17.3 -14.5 -13.2 -15.1 -19.3 -23.1 -14.3 GPGSTOC% -4.58 US -9.91 -6.27 -2.99 -2.06 -9.44 -9.96 -6.75 4.89 1.48 1.4 -3.57 -9.16 -14.1 3.2 -6.35 -5.37 5.16 -1.85 GPGSTOC% GDP Index Govt Purchases & Invest GDP Index Govt Purchases & Invest
Q.M.S Advisors | tel: +41 (0)78 922 0877 | e-mail: info@qmsadv.com |
A-12
M-12
J-12
J-12
A-12
S-12
O-12
N-12
D-12
J-13
F-13
3.4 5.7 1.4 2.3 4.7 0.7 3 0.6 -1.1
3.4 5.7 1.4 2.3 4.7 0.7 3 0.6 -1.1
3.9 -0.1 0 2.9 4 -0.2 3.7 0.3 -1
3.9 -0.1 0 2.9 4 -0.2 3.7 0.3 -1
3.9 -0.1 0 2.9 4 -0.2 3.7 0.3 -1
0.5 -3.5 -0.9 -0.3 1.1 -0.4 4.9 0.2 -0.8
0.5 -3.5 -0.9 -0.3 1.1 -0.4 4.9 0.2 -0.8
0.5 -3.5 -0.9 -0.3 1.1 -0.4 4.9 0.2 -0.8
0.5 -3.5 -0.9 -0.3 1.1 -0.4 4.9 0.2 -0.8
0.5 -3.5 -0.9 -0.3 1.1 -0.4 4.9 0.2 -0.8
0.5 -3.5 -0.9 -0.3 1.1 -0.4 4.9 0.2 -0.8
-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
-0.6 -0.5 -0.9 -0.1 -0.2 -0.6
-0.6 -0.5 -0.9 -0.1 -0.2 -0.6
0.3 0.1 -0.6 -0.1 -3 1.1
0.1 -0.5 -0.8 -0.4 -3.7 -2.2
-0.3 -0.1 -1.5 -0.7 -4.4 -3.4
-0.3 -0.1 -2.2 -0.4 -4.3 -5.8
-0.3 -0.3 -1.9 0.2 -2.5 -4
-0.5 0 -1.5 0.2 -2 -0.7
-0.7 -0.1 -1 -0.3 -0.4 -0.2
-0.5 0.1 -0.9 0 1.3 1.4
-0.4 0.2 -0.6 0.3 3.7 3.4
-0.4 0.2 -0.6 0.3 3.7 3.4
-0.4 0.2 -0.6 0.3 3.7 3.4
4.6 4.4 4.3 4.3 4.2 4.2 4.2 4.1 4.2 4.2 4.2 0.79 0.81 0.82 0.83 0.83 0.81 0.8 0.8 0.82 0.82 0.82 101.1 101.3 101.5 101.3 101.3 101.3 101.6 101.5 101.6 101.6 101.6 59.4 59.5 59.4 59.2 59.1 59.3 59.4 59.1 58.5 58.5 58.5 27.25 26.77 43.33 36.08 27.36 26.52 26.7 27.53 54.21 54.21 54.21 0.2 -1.1 -0.4 -1.6 0 -0.5 -0.4 -0.8 -1.4 -1.4 -1.4 100.6 99.2 99.8 99.6 99 99.1 99.5 99.5 99.7 99.7 99.7 12.9 6 -1.5 -0.8 -4.6 -8.1 -4.5 -5.5 -7.8 -7.8 -7.8 -0.2 -3.4 0.4 -1 -1.6 -4.1 1.6 -1.4 2.5 2.5 2.5 123.2 118.6 123.6 128.2 125.2 130.4 127.6 127.2 126.4 126.4 126.4 173.8 59.5 20.3 16.7 4.5 -12.4 -12.4 -8.4 -17.2 -17.2 -17.2 6.6 1 -9.9 1.7 -6.1 -7.8 1.2 0.3 -3.4 -3.4 -3.4 5.7 -14.8 5.6 4.6 -3.3 -4.3 2.6 3.9 2.8 2.8 2.8 0.4 -3 -6.8 -6.7 -2.7 -2.8 -6.7 -21.3 -27.5 -27.5 -27.5 96.5 96.3 96.6 96.1 96.1 95.7 95.9 95.6 95.6 95.6 95.6 0.1 -0.2 0.3 -0.5 0 -0.4 0.2 -0.3 -0.3 -0.3 -0.3 98.4 99.3 99.4 98.8 99.1 99.3 99.4 99.1 99.1 99.1 99.1 -0.2 0.9 0.1 -0.6 0.3 0.2 0.1 -0.3 -0.3 -0.3 -0.3 3.3 3.3 7.7 7.7 7.7 2.2 2.2 2.2 2.2 2.2 2.2 3.5 3.5 6.6 6.6 6.6 2.4 2.4 2.4 2.4 2.4 2.4 0.2 0.2 0.6 0.7 0.8 0.9 0.8 1 1.2 1.2 1.2 0.4 0.5 0.9 1 1.1 1.2 1.1 1.2 1.4 1.4 1.4 0.4 0.4 0.8 0.9 1.1 1.2 1.1 1.2 1.4 1.4 1.4 -0.51 -0.4 0.25 -0.21 0.24 0.25 0.26 0.44 1 1 1 1004 1148 975 1026 967 931 1035 964 890 890 890 -6.69 7.18 -16.3 -5.08 -5.75 -6.99 6.04 -12 -13.8 -13.8 -13.8
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 43.5 43.4 43 40.4 41.3 42.3 Nomurra/JMMA Mfg. PMI 54.5 US 54.3 52.3 Purchases 53.8 52.5 52.5 GPGSTOC% GDP Index Govt & Invest Eco Watch. Survey: Current (index) 43.1 40.9 33.9 35.4 38.8 42.1 Eco Watch. Survey: Outlook (index) 44.5 US 42.8 34.5 Purchases 36.3 41.9 47.2 GPGSTOC% GDP Index Govt & Invest BSI Bus. Cond. Large All Industry (qoq %) 0.3 0.3 0.3 -1.9 -1.9 -1.9 BSI Bus. Cond. Large Mfg. (qoq %) 15.5 15.5 15.5 13.2 13.2 13.2 BSI Bus. Cond. Large Non-Mfg. (qoq %) -8.6 US-8.6 -8.6 Purchases -10.7 -10.7 -10.7 GPGSTOC% GDP Index Govt & Invest Tankan Business Conditions Survey Large Mfg. (% Positive-Negative) -33 -33 -33 -24 -24 -24 Medium Mfg. (% Positive-Negative) -40 -40 -40 -30 -30 -30 Small Mfg. (% Positive-Negative) -52 US-52 -52 Purchases -40 -40 GPGSTOC% GDP Index Govt & Invest-40 Large Mfg. Outlook (% Positive-Negative) -21 -21 -21 -18 -18 -18 Medium Mfg. Outlook (% Positive-Negative) -35 -35 -35 -31 -31 -31 Small Mfg. Outlook (% Positive-Negative) -44 US-44 -44 Purchases -42 -42 GPGSTOC% GDP Index Govt & Invest-42 Large Non-Mfg. (% Positive-Negative) -24 -24 -24 -22 -22 -22 Medium Non-Mfg. (% Positive-Negative) -30 -30 -30 -29 -29 -29 Small Non-Mfg. (% Positive-Negative) -39 US-39 -39 Purchases -35 -35 GPGSTOC% GDP Index Govt & Invest-35 Large Non-Mfg. Outlook (% Positive-Negative) -17 -17 -17 -19 -19 -19 Medium Non-Mfg. Outlook (% Positive-Negative) -28 -28 -28 -33 -33 -33 Small Non-Mfg. Outlook (% Positive-Negative) -40 US-40 -40 Purchases -41 -41 GPGSTOC% GDP Index Govt & Invest-41 Employment - Mfg. (% Positive-Negative) 31 31 31 26 26 26 Employment - Non-Mfg. (% Positive-Negative) 11 11 11 9 9 9 Employment - All Industries (% Positive-Negative) 20 US GDP 20Index 20 Purchases 16 GPGSTOC% Govt &16Invest16 Financial Position of All Enterprises (% Positive-Negative) -9 -9 -9 -8 -8 -8 Lending Attitude of Financial Institutions (% Positive-Negative) GPGSTOC% -9 US GDP -9Index -9 Purchases -7 Govt &-7Invest -7 Input Prices - Large Mfg. (qoq % chg) 0 0 0 -1 -1 -1 Input Prices - Small Mfg. (qoq % chg) 4 US GDP 4Index 4 Purchases 3 GPGSTOC% Govt & 3Invest 3 Net Income - Mfg. (qoq % chg) 309.2 309.2 309.2 309.2 309.2 309.2 Net Income - Non-Mfg. (qoq % chg) 31.6 31.6 31.6 38 38 38 Net Income - All Industries (qoq % chg) 171.7 US 171.7 171.7 190.7 190.7 190.7 GPGSTOC% GDP Index Govt Purchases & Invest Fixed Invest. - Mfg. (qoq % chg) -28.6 -28.6 -28.6 -30 -30 -30 Fixed Invest. - Non-Mfg. (qoq % chg) -12.9 -12.9 -12.9 -12.6 -12.6 -12.6 Fixed Invest. - All Industries (qoq % chg) -19.4 US -19.4 -19.4 -19.8 -19.8 -19.8 GPGSTOC% GDP Index Govt Purchases & Invest Leading Indicator OECD Leading Indicator 99.55 99.89 100.2 100.5 100.8 101 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 90.9 72.7 72.7 72.7 90.9 ESRI Coincident Eco Indicator 90.9 US100 100 Purchases 100 100 100 GPGSTOC% GDP Index Govt & Invest Leading Indicator Components (Business Cycle) Producer's Final Demand Index (sa) 93.8 95.8 94.5 94.7 96 96.1 Producer's Inventory/Shipment Ratio (sa) 120.9 118.7 115.5 110 108 107.4 New Job Offers (000's nsa) 531.6 565.1 489 450.9 556.9 540.5 New Machinery Orders (yoy %) -24 -21.5 -16.5 -1.9 5.6 -4.1 Floor Area Housing Starts (mom % sa) 3.371 10.11 -0.15 -1.59 4.414 1.085 Consumer Durables Shipments Index (sa) 87.5 89.5 93.5 96 98.5 101.5 Consumer Sentiment Index 40.7 40.8 39.9 37.9 39.4 40 Nikkei Commodity Price Index 149.3 151.3 151.6 153.2 153.4 154.9 Stock Prices Index (Topix) 909.8 US 894.7 839.9 907.6 901.1 894.1 GPGSTOC% GDP Index Govt Purchases & Invest Coincident Indicator Components (Business Cycle) Industrial Production (yoy % nsa) -17.5 -14.4 -2.9 6.4 18.2 33.1 Manufacturers Shipments Index (sa) 85.6 87.4 88.8 90.8 94.5 96.1 Capacity Utilization Index (sa) 78 79.4 81.9 84.1 88.7 89.7 Manufacturing Overtime Index 74.8 79.91 83.35 85.73 77.27 85.29 Capital Goods Shipments Index (sa) 69.4 70.8 70.3 72 78.7 82.6 Department Store Sales (yoy %) -10.5 -13.1 -11.9 -5.8 -7.4 -6.5 Wholesale Sales (yoy % nsa) -27.1 -24.2 -18.7 -14.6 -6.1 -2.7 Operating Profits (짜 Tr) 7073 7073 7073 9993 9993 9993 Small, Mid-size Bus. Sales Index -13.1 -14.1 -10.2 -12.5 -10.3 -9.9 Job Offers/Applicants Ratio (sa) 0.43 US 0.44 0.44 Purchases 0.44 0.45 0.46 GPGSTOC% GDP Index Govt & Invest
O-09
N-09
D-09
J-10
F-10
45.8 52.4 47.4 47 -2.4 4.3 -6.3
46.8 53.8 49.8 49.9 -2.4 4.3 -6.3
46.7 54.7 47.7 48.7 -2.4 4.3 -6.3
47.4 53.9 47.5 48.3 4 10 0.9
48.1 52.8 49.8 46.6 4 10 0.9
M-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
48.4 47.3 46.4 45.8 45.9 45.8 46.6 50.1 GPGSTOC% 49.5 US 47.2 47.3 Purchases 48.3 51.4 52.9 GDP Index Govt & Invest 45.1 41.2 40.2 43.6 45.1 44.3 48.4 40 GPGSTOC% 41.4 US 41.1 41.4 Purchases 43.9 47.2 47.2 GDP Index Govt & Invest 4 7.1 7.1 7.1 -5 -5 -5 10 13.3 13.3 13.3 -8 -8 -8 0.9 GPGSTOC% 3.8 US 3.8 3.8 Purchases -3.4 -3.4 -3.4 GDP Index Govt & Invest
A-10
M-10
J-10
J-10
A-10
49.5 46.4 27.7 26.6 -1.1 -3.2 0
36.1 45.7 28.3 38.4 -1.1 -3.2 0
37.8 51.3 36 44.9 -1.1 -3.2 0
43.1 50.7 49.6 49 -22 -23.3 -21.4
47.1 52.1 52.6 48.5 -22 -23.3 -21.4
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 45.8 51 -5.5 -10.3 -2.9
44.3 47.7 45.8 51 -5.5 -10.3 -2.9
-14 -14 -14 1 1 1 8 8 8 5 5 5 -19 -19 -19 -6 -6 -6 4 4 4 1 1 1 -30 -30 -30 -18 -18 -18 GPGSTOC% -14 US-14 -14 Purchases -12 -12 GDP Index Govt & Invest-12 -8 -8 -8 3 3 3 -1 -1 -1 -2 -2 -2 -20 -20 -20 -8 -8 -8 -10 -10 -10 -12 -12 -12 -32 -32 -32 -19 -19 -19 GPGSTOC% -22 US-22 -22 Purchases -23 -23 GDP Index Govt & Invest-23 -14 -14 -14 -5 -5 -5 2 2 2 1 1 1 -21 -21 -21 -13 -13 -13 -8 -8 -8 -10 -10 -10 -31 -31 -31 -26 -26 -26 GPGSTOC% -21 US-21 -21 Purchases -22 -22 GDP Index Govt & Invest-22 -10 -10 -10 -4 -4 -4 -2 -2 -2 -1 -1 -1 -21 -21 -21 -14 -14 -14 -15 -15 -15 -17 -17 -17 -37 -37 -37 -29 -29 -29 GPGSTOC% -29 US-29 -29 Purchases -29 -29 GDP Index Govt & Invest-29 20 20 20 14 14 14 10 10 10 9 9 9 8 8 8 9 9 9 6 6 6 3 3 3 13 13 13 11 11 11 GPGSTOC% 7 US GDP 7Index 7 Purchases 6 Govt & 6Invest 6 -5 -5 -5 -2 -2 -2 0 0 0 1 1 1 -4 -4 -4 0 0 0 GPGSTOC% 1 US GDP 1Index 1 Purchases 3 Govt & 3Invest 3 8 8 8 14 14 14 11 11 11 11 11 11 10 10 10 21 21 21 GPGSTOC% 15 US GDP 15Index 15 Purchases 15 Govt &15Invest15 141.1 141.1 141.1 159.1 159.1 159.1 179.5 179.5 179.5 180.9 180.9 180.9 28.8 28.8 28.8 34.2 34.2 34.2 36.5 36.5 36.5 32.8 32.8 32.8 56.6 56.6 56.6 67.4 67.4 67.4 GPGSTOC% 74.6 US 74.6 74.6 Purchases 72.2 72.2 72.2 GDP Index Govt & Invest -2.7 -2.7 -2.7 2.1 2.1 2.1 3.7 3.7 3.7 3.9 3.9 3.9 -9.1 -9.1 -9.1 -4.5 -4.5 -4.5 -3.4 -3.4 -3.4 -1.4 -1.4 -1.4 -6.9 -6.9 -6.9 -2.3 -2.3 -2.3 GPGSTOC% -1 US GDP -1Index -1 Purchases 0.4 0.4 Govt & Invest0.4
6 -4 -10 2 -8 -16 3 -6 -19 -1 -12 -27 7 2 4 2 5 27 33 6.3 11.9 9.5 4.9 -8.2 -3.7
6 -4 -10 2 -8 -16 3 -6 -19 -1 -12 -27 7 2 4 2 5 27 33 6.3 11.9 9.5 4.9 -8.2 -3.7
6 -4 -10 2 -8 -16 3 -6 -19 -1 -12 -27 7 2 4 2 5 27 33 6.3 11.9 9.5 4.9 -8.2 -3.7
-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
-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
-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
101.2 101.3 101.3 101.3 101.4 101.4 101.5 101.6 101.8 102 102.1 102.2 102.2 102.2 102.1 -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 GPGSTOC% -2.2 US-2.2 -2.2 Purchases -2.2 -2.2 -2.2 -2.2 -2.2 -2.2 GDP Index Govt & Invest 100 90.9 81.8 36.4 40.9 45.5 54.5 36.4 54.5 72.7 86.4 81.8 45.5 27.3 18.2 100 100 77.3 54.5 40.9 54.5 GPGSTOC% 36.4 US 36.4 36.4 Purchases 72.7 81.8 63.6 9.1 9.1 9.1 GDP Index Govt & Invest
102 -2.2 27.3 86.4
102 -2.2 72.7 100
102 102.1 102.1 102.3 102.4 102.6 102.7 102.8 102.7 102.7 102.6 102.5 102.4 102.4 102.5 102.5 102.5 102.5 102.5 -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 72.7 36.4 45.5 54.5 36.4 72.7 90.9 90.9 63.6 27.3 36.4 36.4 27.3 36.4 35 50 88.9 88.9 88.9 90.9 31.8 54.5 45.5 81.8 63.6 81.8 90.9 81.8 63.6 27.3 18.2 9.1 9.1 10 10 75 75 75
96.5 115.2 639.6 17.9 -0.58 94.5 36.3 177.5 849.2
97.4 116.6 648.6 4 5.385 99.2 37.7 177.5 841.4
95.9 96.6 96.8 97.2 97.8 97.5 97.9 97.8 98.2 98.4 97.3 98.5 103.4 105 107.5 106.9 109 108 109.1 117 108 108 108.4 105.9 600.8 552.1 498 568.2 578 574 623.8 643.5 599.7 522.2 661.8 664.4 2.5 12.7 8.3 3.9 17.7 25.5 4.1 6.9 12.9 -0.6 5.6 11.5 9.184 -8.1 -0.82 0.031 -0.75 2.531 9.745 -5.42 -2.33 0.907 2.677 -2.73 103.4 100.8 100 101.6 100.8 103.2 100.5 99 101.7 102 95.8 98.5 41 42.1 42.7 43.6 43.4 42.5 41.4 41.1 40.6 40.2 41.1 40.7 157.9 165.9 162.2 161.5 159.9 159.4 161.6 163.5 164.5 168.3 171.6 175.9 978.8 987 880.5 841.4 849.5 804.7 GPGSTOC% 829.5 US 810.9 860.9 898.8 910.1 951.3 GDP Index Govt Purchases & Invest
90.2 108.8 664 9.1 2.025 73.4 38.3 177.7 869.4
91.5 126.6 619.6 -0.2 4.372 59.5 33.6 181 851.9
94.1 121.5 584.3 10.5 -1.67 72.5 35.1 179.6 838.5
97.4 115.2 679.6 2.1 3.13 95 37.5 173.9 770.6
97.5 117.6 701.9 9.8 -17.9 92.9 38.5 168.9 761.2
97.5 116.6 719.4 1.5 6.49 95.2 38.5 168.9 764.1
97 115.6 684.7 12.5 3.799 86 37.7 166.2 728.5
97.8 112.7 597.4 6.3 -3.41 95.2 38.1 165.1 728.6
97.7 113.5 744 5.7 4.984 99.9 39.4 169.5 755.3
98 110.4 772.8 8.9 4.446 103.6 39.1 171.1 836
96.6 115.3 765.3 -1.1 -8.1 98.5 40.1 173.1 854.4
98.3 123.2 707.6 6.6 7.698 101.4 40.3 172.5 804.3
98.4 118.6 727.4 1 4.256 97.1 40.7 167.6 719.5
97.3 123.6 716.9 -9.9 -6.26 91.1 40.8 164.2 770.1
95.9 96.6 94.8 96 96.4 96.4 128.2 125.2 130.4 127.6 127.2 126.4 731.7 751 739.3 819 741.9 628.3 1.7 -6.1 -7.8 1.2 0.3 -3.4 -2.84 5.21 3.577 4.289 -4.83 2.366 90.4 87.9 79 73.8 72 77.9 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
96.4 126.4 628.3 -3.4 2.366 77.9 39.1 172.9 940.3
96.4 126.4 628.3 -3.4 2.366 77.9 39.1 174.8 969.2
32.4 27 20.7 16.6 14.6 15.5 12.1 5 7 5.9 6.1 4.5 -12.4 -12.7 -4.6 -0.6 -1.7 1.6 -2.4 0.9 -2.9 -3 -1.6 1.5 14.2 12.9 6 -1.5 -0.8 -4.6 -8.1 -4.5 -5.5 -7.8 -7.8 -7.8 96.7 97.3 96.1 96 95.9 95.7 95.6 93.2 95.8 97.2 96.8 98.6 84.3 83.2 87.5 93.8 94.3 94.7 93.9 94.8 93.1 96.1 94.9 95.2 95.8 96.5 95.1 94.2 91.3 91.6 87.6 87.5 86.8 90.5 90.5 90.5 90.1 90 90.5 88.9 88.5 88.5 88.1 86.7 88.2 90.2 91.4 93.3 73.1 72.1 81.6 85.7 86.8 88.8 87 89.9 88.1 89.9 92.8 91.2 92.4 91.8 89.8 87.7 88.1 85.8 81.1 82.4 82.2 82.2 82.2 82.2 88.29 87.67 82.12 86.79 91.38 89.17 91.55 91.73 93.5 93.58 83.88 92 87.5 79.47 77.27 86.62 91.29 88.47 93.23 95.61 94.55 96.41 84.85 93.85 94.38 92.7 86 89.88 89.88 86 87.06 87.06 87.06 87.06 87.06 87.06 84 86.6 85.1 87.2 86.9 84.1 86.5 84.4 85.2 86.5 86.8 90 74 75.2 85 89 87.7 90.3 88 88.8 91.7 91.2 90.5 89.2 88.4 94 93.9 90.4 83.6 84.2 80.4 76.1 77.1 82.3 82.3 82.3 -5.1 -4.9 -1.8 -5.5 -1.7 -3.4 -3.8 2.7 0.3 -0.3 1.4 1.7 -21.5 -5.5 -4.3 0.4 -1.3 -2.9 -3.6 -1.9 -3 0.3 -3.1 -1.8 26.7 6.7 2.1 -0.1 -1 0.2 0.7 -1.5 3.1 -1.1 -1.1 -1.1 1.5 3.1 0.7 0.6 -0.1 1.2 1.5 0.4 6.6 5.7 4.6 7.2 1.2 -1.7 2.3 3.8 3 5.2 0.8 0.8 -2.4 -2 -3.5 -1.3 0.5 0.3 2.1 -3.8 -4 -4.2 -4.9 -1.4 -1.5 -2.5 -2.5 -2.5 10015 10015 10015 11714 11714 11714 10657 10657 10657 12875 12875 12875 11415 11415 11415 9011 9011 9011 9711 9711 9711 11227 11227 11227 11791 11791 11791 10293 10293 10293 9135 9135 9135 9135 9135 9135 -6.9 -6.4 -6.9 -4.4 -9.1 -7.9 -8.5 -9.9 -9.2 -0.9 -0.3 -0.5 -2.1 -9.3 -17.1 -12.4 -9.9 -11.4 -7 -7.4 -4.5 -9.2 -3.9 -7.4 -4 3.1 -2.9 -9.3 -9.2 -10.7 -18.1 -5 -15.3 -6.6 -15.6 -15.6 0.48 0.49 0.5 0.52 0.53 0.54 GPGSTOC% 0.55 US 0.56 0.57 Purchases 0.58 0.6 0.61 0.62 0.62 0.62 0.63 0.65 0.66 0.67 0.68 0.69 0.71 0.73 0.75 0.76 0.79 0.81 0.82 0.83 0.83 0.81 0.8 0.8 0.82 0.82 0.82 GDP Index Govt & Invest
Q.M.S Advisors | tel: +41 (0)78 922 0877 | e-mail: info@qmsadv.com |
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 0.699 0.762 0.798 0.819 0.863 0.794 -37 -27.1 -19.1 -15.7 -8.1 -9.27 3.371 US 10.11 -0.15 -1.59 4.414 1.085 GPGSTOC% GDP Index Govt Purchases & Invest 26.2 -20.1 10.8 -21.6 -9.9 10.7 -14 -40.1 -11.6 0.6 15.7 -20.3 1.7 US 1.7 1.7 Purchases -3.5 -3.5 -3.5 GPGSTOC% GDP Index Govt & Invest Retail Sales -1.3 -1 -1.1 -0.2 2.3 4.2 0.6 -0.6 0 -0.3 2.2 1.3 -5.6 US-7.2 -9.7 Purchases -4.6 -5.7 GPGSTOC% GDP Index Govt & Invest -4 -10.5 -13.1 -11.9 -5.8 -7.4 -6.5 -7.8 US -10.5 -11.8 -5 -5.7 -5.4 GPGSTOC% GDP Index Govt Purchases & Invest -2.4 -5.2 -8 -5 -4.9 -2.4 -5.6 -5.5 -6.3 -5.5 -5.3 -4.7 3.5 US 12.6 36 Purchases 36.5 36.8 35.1 GPGSTOC% GDP Index Govt & Invest Consumer Confidence 40.7 40.8 39.9 37.9 39.4 40 40.5 40.5 39.5 37.6 39 39.8 42 US 42.1 39.6 Purchases 37.8 40.1 GPGSTOC% GDP Index Govt & Invest41 38.8 US 38.8 38.8 Purchases 39.9 39.9 39.9 GPGSTOC% GDP Index Govt & Invest Personal Sector 1 1.6 2.2 2.1 1.7 -0.5 0.6 US 0.6 0.1 Purchases 0.1 1.5 -2.2 GPGSTOC% GDP Index Govt & Invest 1.5 1.5 1.5 2.6 2.6 GPGSTOC% US GDP Index Govt Purchases & Invest2.6 External Sector 1623 1441 1144 968.8 946.3 1649 1103 1470 1379 1269 1750 1279 604.9 US 937.4 486.3 624 166.7 785.3 GPGSTOC% GDP Index Govt Purchases & Invest 261.3 511.3 473.5 304.8 567.2 485 517.6 US 800.1 365.3 542.5 43.08 638.3 GPGSTOC% GDP Index Govt Purchases & Invest -30.6 -23.2 -6.3 12 40.9 45.3 -36.8 US -35.5 -16.7 -5.5 9.3 29.8 GPGSTOC% GDP Index Govt Purchases & Invest -21.8 -13 -1.5 14.7 41.3 45.9 -27.3 -21.1 -6.2 -2.4 18.2 47.2 -31.7 -26.7 -18.5 -1.5 14.1 15.5 -9.6 US-1.9 11.9 Purchases 32.9 63.7 53.5 GPGSTOC% GDP Index Govt & Invest -10.2 -11.7 -2.1 -0.8 2.2 22.9 -22.1 -5.9 -9.9 -2 3.6 4.5 -19 -20.4 -4.1 -2.2 -0.6 13.7 -7.6 US -10.5 1.6 Purchases 3.6 5.6 39.3 GPGSTOC% GDP Index Govt & Invest -132 531.6 -26.9 1069 1543 260.8 -1870 US -404 -239 Purchases -1052 -821 635.6 GPGSTOC% GDP Index Govt & Invest 190.1 -80.5 -104 99.8 -93.6 325.6 860.7 US -1492 1292 -359 825.6 806.2 GPGSTOC% GDP Index Govt Purchases & Invest Monetary Sector 4.5 4.4 3.8 5.2 4.9 2.2 1.9 1.9 1.9 1.9 1.9 1.9 2.8 2.8 2.8 2.8 2.8 2.8 1053 US 1057 1074 1049 1053 1051 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 0.351 0.326 0.299 0.278 0.255 0.253 1.301 1.415 1.266 1.295 1.325 1.305 909.8 894.7 839.9 907.6 901.1 894.1 89.71 90.09 86.41 93.03 90.27 88.97 154.4 US 151.9 158.6 149.1 154.9 159.4 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
S-11
O-11
N-11
D-11
J-12
0.854 0.793 0.737 0.75 0.772 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 -2.43 0.559 -4.61 0.615 4.261 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 9.184 -8.1 -0.82 0.031 -0.75 2.531 GPGSTOC% 9.745 US -5.42 -2.33 0.907 2.677 -2.73 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 54.2 22.6 7.1 66.6 27.8 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 42.3 -25 9.2 -10.2 -0.7 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 -3.5 -3.5 GPGSTOC% -3.5 US-3.5 -3.5 Purchases -4.6 -4.6 -4.6 -4.6 -4.6 -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
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 0.88 0.88 -9.57 -5.47 15.53 25.24 10.34 9.954 9.954 9.954 -2.84 5.21 3.577 4.289 -4.83 2.366 2.366 2.366 -1 17.3 -9.3 -14.4 -15.1 -3 -3 -3 8 8.7 3.6 -13.8 -2.1 4.8 4.8 4.8 -3 -3 -3 -3 -3 -2.6 -2.6 -2.6
4.7 0 -4.9 -5.1 -3.5 -6.6 -4.9 37.2
4.9 0.4 -3.7 -4.9 -3.7 -4.9 -3.7 33.5
2.9 -1.7 -3.9 -1.8 -2.1 -5.3 -3.2 28
3.3 0.5 -3.1 -5.5 -6 -1.4 -1.5 20.6
3.8 0.4 -1.3 -1.7 -1.4 -1.2 0.5 15
4.3 1.4 -0.2 1.5 -2.1 0.1 0.1 1.4 -2.8 -1.4 2 -4.2 3.6 2.1 -1.8 GPGSTOC% -1.7 US 0.4 0.1 Purchases -1.7 -0.7 GDP Index Govt & Invest0.5 -3.4 -3.8 2.7 0.3 -0.3 1.4 1.7 -3.2 GPGSTOC% -5.2 US 0.6 -0.5 Purchases -1.5 -1.1 GDP Index Govt & Invest0.7 -1.1 -0.3 -0.3 -0.5 -1.6 -0.1 0.6 1 12.9 -5.9 1.1 3.3 5.1 6.5 46.7 GPGSTOC% -4.1 US -26.7 -30.7 -28.3 -21.5 -14.3 GDP Index Govt Purchases & Invest
-8.3 -8.1 -7.5 -21.5 -14.7 0.3 7.7 -37
-4.8 3.6 -1.9 -5.5 -1.5 -1.3 1.6 -51
-1.3 2.9 -2.5 -4.3 -2.4 -1.4 5.7 -37.8
1.2 2.5 -0.5 0.4 0.3 0.1 9 -23.3
0.6 -1.2 0.8 -1.3 -0.1 2.1 9.5 -27.6
-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 -1.3 -2.5 -3 -1.9 -2.3 7.5 24.1
2.5 0.7 -0.3 0.3 0.8 -0.6 4.1 23.5
1.8 3.1 -1.2 -3.1 -1.1 -1.2 1.7 40.7
3.4 2 0.2 -1.8 -0.4 0.3 4.8 31.9
10.3 -1.2 5.1 26.7 14.1 -2.4 0.4 78.2
5.7 -0.4 -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 -1.2 -2.6 -0.1 -1.2 -3.9 -2.6 40.9
-0.7 -1.5 -4.4 -1 -3.3 -4.9 -3.3 36.1
1.7 1.5 -0.9 0.2 -1 -1.3 -1.3 7.3
0.4 -3.5 -1 0.7 -0.2 -2 -1.6 -8.1
-1.2 0.8 -3.2 -1.5 -2.4 -4 -2.1 -9
1.2 -0.1 0.9 3.1 2.2 -0.5 -2.5 -3.3
0.4 0.1 0 -1.1 -1.3 -1.5 -2 -3.4
0.4 0.1 0 -1.1 -1.3 -1.5 -2 -12.9
0.4 0.1 0 -1.1 -1.3 -1.5 -2 -12.9
41 40.9 41.5 40.7
42.1 42 43.1 40.7
42.7 42.8 45.4 40.7
43.6 43.5 44.6 43.2
43.4 43.3 44.6 43.2
42.5 41.4 41.1 40.6 40.2 41.1 40.7 42.4 41.2 40.9 40.4 40.1 41.1 40.6 43.6 GPGSTOC% 41.9 US 41.7 41.4 Purchases 42.1 43.2 42.6 GDP Index Govt & Invest 43.2 GPGSTOC% 39.3 US 39.3 39.3 Purchases 42.7 42.7 42.7 GDP Index Govt & Invest
38.3 38.3 39.7 42.7
33.6 33.4 32.7 42.7
35.1 34.8 35 42.7
36.3 36.2 36.2 42.7
37.7 37.7 38.5 42.7
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
39.1 39 40.4 42.7
39.1 39 40.4 42.7
4.4 3.6 2.6
-0.7 -2.3 2.6
-0.7 -3.4 2.6
0.5 0.3 2.6
1.1 1 2.6
1.7 0 -0.4 -0.4 -3.3 -0.3 0.5 2.7 GPGSTOC% 2.5 US 4.4 1.8 Purchases -2.8 -1.3 -0.7 GDP Index Govt & Invest 2.6 GPGSTOC% 2.6 US 2.6 2.6 2.4 2.4 GDP Index Govt Purchases & Invest2.4
-8.2 -11 2.4
-2 -2.6 2.4
-1.2 -1 2.4
-3.5 -4.2 2.4
-2.1 -2.6 2.4
-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
-0.7 2.2 1.3
-0.7 2.2 1.3
2621 1828 1089 856 931.9 43.4 21 43.9 30.9 28.4 49 16.9 6.3 16.6 17.5 138.5 -1078 66.5 1279
1396 1559 871.1 903.1 729.2 40.4 24.5 39.5 39.8 32.4 40.6 17.6 21.2 13.1 19.7 806.4 1233 -165 509
1290 1135 1764 1190 2069 1558 1010 1261 547.8 1701 1104 1479 1612 1274 1542 1557 1345 1599 1291 1247 402.7 762 897.1 170.6 GPGSTOC% 911 US 903.6 256.2 763.5 -399 720.3 GDP Index Govt Purchases & Invest 516.8 516 585.2 529.4 470.7 496.1 393.1 414.8 167 472.9 309.1 670.5 784.6 63.75 GPGSTOC% 774.3 US 812.6 157.6 719.6 -497 637 GDP Index Govt Purchases & Invest 32.1 27.7 23.5 15.5 14.3 7.8 9.1 12.9 1.4 9 33.7 26.5 16.1 18.4 GPGSTOC% 10.3 US 8.9 14.3 Purchases 10.7 12.2 GDP Index Govt & Invest10 31.9 27.5 25.5 14.2 16.1 5.3 9.2 11.4 2.3 9.2 20.3 27.4 27.5 11.5 17 9.5 11.1 16.2 14.5 3.7 34.7 27.2 31.6 26.7 29.2 11.4 25.8 22.1 13.4 22.1 28.2 26.6 22.9 14.6 GPGSTOC% 14.6 US 5.9 11.3 Purchases 11.6 -1.8 GDP Index Govt & Invest11 22.3 18.1 13.9 19.1 10.5 5.8 15.5 7.7 11.2 4.8 24.6 24.9 22 18.1 7.5 -11.1 20.8 -1.9 5.9 10.9 22.3 23.5 24 16.4 10 11.5 1.8 3 6.3 9.5 27.5 19.2 14.3 20.9 GPGSTOC% 13.4 US 7.9 19.7 Purchases 10.7 13.7 GDP Index Govt & Invest4.1 -955 -1185 197 -105 -257 269.9 538.8 586 608.4 953.6 -68.4 -341 747.2 369.2 GPGSTOC% 709 US 347.2 -225 Purchases -896 517.7 705.7 GDP Index Govt & Invest 742.3 344.3 284.8 262.4 -142 -146 69.5 -49.8 -144 -190 1505 3541 4686 4938 GPGSTOC% 2853 US 2345 -1501 156.3 1342 633.8 GDP Index Govt Purchases & Invest
1739 948.5 236.8 -94.6 186.3 -2.3 12 -3.3 0.9 8.4 -1.1 5.5 1.6 -5.7 14.4 1182 498.7 -83.5 2634
423.9 575.5 -412 -678 -468 -12.4 9 -11.6 -21.2 -8.5 -6.4 1.3 7.5 18.9 1.8 646.9 1615 -549 -1032
574.4 352.5 -771 -564 -857 -10.3 12.4 -10.8 -9.9 -12.3 -7.9 5.5 13.7 4.7 6.1 38.8 2675 152.3 -1054
538.9 959 129.9 -129 67.34 -1.6 9.8 -2.7 -2.5 2.2 -2.5 1.7 -1 -1.9 5.1 -218 -1100 381.7 707.6
1054 823.7 141.8 -143 67.86 -3.4 9.9 -5.3 -5.7 1.8 -4.7 -2.6 -4.3 2.2 0.5 243 -173 256.9 -105
2.1 1.9 2.8 1043
2.9 1.9 2.8 1047
3.7 1.9 2.8 1041
3.6 1.9 2.8 1050
6.1 1.9 2.8 1064
5.4 5.8 6.4 7.6 7 5.5 5.6 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 1070 GPGSTOC% 1110 US 1118 1101 1096 1093 1091 GDP Index Govt Purchases & Invest
16.9 1.9 2.8 1116
23.9 1.9 2.8 1136
16.2 1.9 2.8 1140
17 1.9 2.8 1138
15 1.9 2.8 1151
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
10.9 1.9 2.8 1267
0.1 0.1 0.2 0.2 0.242 0.24 1.4 1.29 978.8 987 93.47 93.85 151.7 151.6
0.1 0.2 0.246 1.265 880.5 91.27 162
0.1 0.2 0.244 1.091 841.4 88.43 166.2
0.1 0.2 0.241 1.074 849.5 86.47 165.3
0.1 0.2 0.234 0.971 804.7 84.2 172.3
0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.216 0.197 0.188 0.188 0.189 0.191 0.2 0.196 0.196 0.94 0.939 1.194 1.128 1.219 1.264 1.26 1.21 1.165 829.5 810.9 860.9 898.8 910.1 951.3 869.4 851.9 838.5 83.53 80.4 83.69 81.12 82.04 81.78 83.13 81.19 81.52 168.3 US 173.3 170.6 173.7 170.6 169.8 166.5 166.1 168.4 GPGSTOC% GDP Index Govt Purchases & Invest
0.1 0.2 0.195 1.14 849.2 80.56 169.1
0.1 0.1 0.195 1.082 841.4 76.76 176.7
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 0.166 0.767 969.2 93.83 149.9
Q.M.S Advisors | tel: +41 (0)78 922 0877 | e-mail: info@qmsadv.com |
436.3 1611 533.9 126.1 265.7 -456 1203 1307 373.5 342.1 422.1 662.5 444.8 513.7 376.9 -222 -222 -222 -222 697.1 1026 470.3 512.3 699.1 120.9 875.7 487.9 348.6 404.9 761.1 377.9 706.2 -134 414.1 225.9 225.9 225.9 225.9 -690 372.3 -209 -589 -147 -1390 95.3 -1.2 -437 -805 112.2 -376 -664 -475 -450 -848 -848 -848 -848 -280 -72.2 -389 -563 -493 -474 -324 -611 -421 -516 -350 -391 -515 -1002 -610 -852 -801 -801 -801 -780 288.8 -282 -691 -206 -1481 25.41 -87.1 -524 -917 59.16 -523 -764 -565 -555 -956 -643 -643 -643 2.8 2.3 -3.8 -4.5 -8 -9.2 -2.7 5.9 7.9 10 -2.3 -8.1 -5.8 -10.3 -6.5 -4.1 -5.8 -5.8 -5.8 19.2 12.2 17.9 11.5 8.1 9.6 9.3 10.6 8.1 9.4 -2.2 2.2 -5.3 4.2 -1.5 0.9 1.9 1.9 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 -12.2 -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 -9.8 -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 -15.6 -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 -8.2 -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 0 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 -8.3 -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 -6.7 -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 1.1 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 1497 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 -1142 -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 -446 -446 -310 3111 470.6 -1267 771 2720 2638 933.1 -2617 1980 1855 1202 2146 2326 1119 1499 501.9 501.9 501.9
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.
S-09 O-09 N-09 D-09 J-10 F-10 National Accounts -3.3 -3.3 -3.3 -0.9 -0.9 -0.9 0.4 US0.4 0.4 Purchases 0.4 0.4 0.4 GPGSTOC% GDP Index Govt & Invest 351.4 US 351.4 351.4 356.5 356.5 356.5 GPGSTOC% GDP Index Govt Purchases & Invest 0.5 0.5 0.5 1 1 1 0.7 0.7 0.7 0.5 0.5 0.5 0.4 US0.4 0.4 Purchases 0.3 0.3 0.3 GPGSTOC% GDP Index Govt & Invest 1.4 1.4 1.4 2.7 2.7 2.7 -0.2 US-0.2 -0.2 Purchases 3.4 3.4 3.4 GPGSTOC% GDP Index Govt & Invest Consumer Prices -1.4 -0.8 0.3 2.4 3.7 3.7 1.27 US 1.89 2.66 3.82 4.63 4.25 GPGSTOC% GDP Index Govt Purchases & Invest 0.42 US 0.33 0.28 0.65 -0.05 0.6 GPGSTOC% GDP Index Govt Purchases & Invest 1.1 1.5 1.9 2.9 3.5 3 1.7 US1.8 1.9 Purchases 2.8 3.1 2.9 GPGSTOC% GDP Index Govt & Invest 0 0.2 0.3 0.6 -0.2 0.4 0 US0.2 0.1 Purchases 0.7 -0.6 0.4 GPGSTOC% GDP Index Govt & Invest Producer Prices -6.1 0.8 3.9 7.1 7.4 7.7 0.4 1.5 2.6 3.2 3.5 3.8 6.3 US6.3 6.3 Purchases 6.3 6.3 6.3 GPGSTOC% GDP Index Govt & Invest -2 -2 -2 -2 -2 -2 0.4 0.4 0.3 0.4 0.3 0.3 -0.1 US-0.1 -0.1 Purchases -0.1 -0.1 -0.1 GPGSTOC% GDP Index Govt & Invest Labor Market 7.9 US7.9 7.8 Purchases 7.8 7.8 7.9 GPGSTOC% GDP Index Govt & Invest 4.9 4.9 4.9 4.8 4.9 4.8 10.2 US9.1 -11.3 -20.6 14.2 -38.5 GPGSTOC% GDP Index Govt Purchases & Invest 1.2 1.5 1.5 1.5 1.2 2.5 1.7 US1.7 1.5 Purchases 1.4 1.4 1.4 GPGSTOC% GDP Index Govt & Invest 3.8 US3.8 3.8 Purchases 3.9 3.9 3.9 GPGSTOC% GDP Index Govt & Invest Economic Activity -10.2 -7.5 -4.3 -3.3 -1.2 -0.3 0.6 US0.6 0.3 Purchases -0.6 0.6 0.2 GPGSTOC% GDP Index Govt & Invest -8.9 -7.4 -3.6 -1.8 0.2 1.5 1.1 US0.1 0.6 Purchases -0.3 -0.5 0.9 GPGSTOC% GDP Index Govt & Invest 0.5 US0.7 0.6 Purchases 0.6 0.2 0.2 GPGSTOC% GDP Index Govt & Invest -16.9 -16.9 -16.9 -15.6 -15.6 -15.6 -26.2 -26.2 -26.2 -20 -20 -20 -15.7 US -15.7 -15.7 -15.1 -15.1 -15.1 GPGSTOC% GDP Index Govt Purchases & Invest -4.56 US -4.56 -4.56 -2.02 -2.02 -2.02 GPGSTOC% GDP Index Govt Purchases & Invest Business Conditions -57 US-57 -57 Purchases -57 -57 -57 GPGSTOC% GDP Index Govt & Invest 49.9 53.4 51.8 54.6 56.6 56.5 50.9 US 52.6 53 Purchases 53.6 52.5 51.8 GPGSTOC% GDP Index Govt & Invest 42 43 51 33 37 55 29 US 27 38 Purchases 48 44 46 GPGSTOC% GDP Index Govt & Invest 87.8 92.7 93.3 95.2 97.3 102 -27.9 -18.1 -16.3 -18.5 -16.8 -9.8 -24.9 US -27.5 -27 Purchases -12.7 -11.2 -8.9 GPGSTOC% GDP Index Govt & Invest
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
1.2 1.2 1.2 2.1 2.1 2.1 2.4 2.4 2.4 1.5 1.5 1.5 1.3 1.3 1.3 0.8 0.8 0.8 0.7 0.7 0.7 0.9 0.9 0.9 0.2 0.2 0.2 -0.3 -0.3 -0.3 0 0 0 0 0 0 0.6 0.6 0.6 0.7 0.7 0.7 GPGSTOC% 0.6 US0.6 0.6 Purchases -0.4 -0.4 -0.4 0.4 0.4 0.4 0.1 0.1 0.1 0.6 0.6 0.6 -0.3 -0.3 -0.3 -0.2 -0.2 -0.2 -0.4 -0.4 -0.4 0.9 0.9 0.9 -0.3 -0.3 -0.3 GDP Index Govt & Invest 361.2 361.2 361.2 365.2 365.2 365.2 GPGSTOC% 368.9 US 368.9 368.9 371.3 371.3 371.3 376.5 376.5 376.5 376.9 376.9 376.9 380.4 380.4 380.4 382.4 382.4 382.4 383.2 383.2 383.2 382.2 382.2 382.2 388.9 388.9 388.9 388.9 388.9 388.9 GDP Index Govt Purchases & Invest 0 0 0 0.9 0.9 0.9 -0.2 -0.2 -0.2 0.3 0.3 0.3 -1.3 -1.3 -1.3 -0.3 -0.3 -0.3 -0.2 -0.2 -0.2 0.2 0.2 0.2 0.5 0.5 0.5 0.2 0.2 0.2 0.4 0.4 0.4 0.4 0.4 0.4 -0.2 -0.2 -0.2 0.1 0.1 0.1 -0.7 -0.7 -0.7 -0.1 -0.1 -0.1 0 0 0 0.4 0.4 0.4 0.1 0.1 0.1 -0.1 -0.1 -0.1 3.2 3.2 3.2 -1.1 -1.1 -1.1 0.8 0.8 0.8 0.8 0.8 0.8 5.1 5.1 5.1 -2.7 -2.7 -2.7 GPGSTOC% 2.8 US2.8 2.8 Purchases -1.7 -1.7 -1.7 -2 -2 -2 -0.4 -0.4 -0.4 0.3 0.3 0.3 -0.4 -0.4 -0.4 0.6 0.6 0.6 -0.5 -0.5 -0.5 -0.2 -0.2 -0.2 -0.2 -0.2 -0.2 GDP Index Govt & Invest -0.4 -0.4 -0.4 4 4 4 0.9 0.9 0.9 3.3 3.3 3.3 1.4 1.4 1.4 -1.9 -1.9 -1.9 0 0 0 2.9 2.9 2.9 -1.7 -1.7 -1.7 -1.1 -1.1 -1.1 1.2 1.2 1.2 1.2 1.2 1.2 2 2 2 2.9 2.9 2.9 GPGSTOC% 2.1 US2.1 2.1 Purchases 1.5 1.5 1.5 -2.6 -2.6 -2.6 -0.2 -0.2 -0.2 0.1 0.1 0.1 1.6 1.6 1.6 -0.1 -0.1 -0.1 1.7 1.7 1.7 -0.4 -0.4 -0.4 -0.4 -0.4 -0.4 GDP Index Govt & Invest 4.4 4.76 0.68 3.4 3 0.6 0.6
5.3 5.36 0.95 3.7 3.1 0.6 0.5
5.1 5.09 0.36 3.4 2.9 0.2 0.3
5 4.8 5.03 4.75 0.22 -0.22 3.2 3.1 3.1 2.6 0.1 -0.2 0.4 -0.5
4.7 4.68 0.4 3.1 2.8 0.5 0.7
4.6 4.5 4.7 4.8 5.1 5.5 4.62 US 4.56 4.68 4.74 5.11 5.54 GPGSTOC% GDP Index Govt Purchases & Invest 0.36 US 0.22 0.44 0.71 0.26 GPGSTOC% GDP Index Govt Purchases & Invest1 3.1 3.2 3.3 3.7 4 4.4 2.7 US2.7 2.7 Purchases 2.9 3.4 GPGSTOC% GDP Index Govt &3 Invest 0 0.3 0.4 1 0.1 0.7 0 0.2 0.2 0.7 -0.4 0.8 GPGSTOC% US GDP Index Govt Purchases & Invest
5.3 5.37 0.52 4 3.2 0.3 0.4
5.2 5.27 0.82 4.5 3.7 1 0.9
5.2 5.25 0.34 4.5 3.3 0.2 0
5 5 5.02 5.03 0 -0.21 4.2 4.4 2.8 3.1 -0.1 0 -0.3 0
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 3.02 0.49 2.7 2.4 0.5 0.2
3.1 3.02 0.49 2.7 2.4 0.5 0.2
3.1 3.02 0.49 2.7 2.4 0.5 0.2
10.3 4.5 6.3 -2 0.8 -0.1
12.6 4.9 6.3 -2 1 -0.1
11.6 5 6.3 -2 0.3 -0.1
10.7 4.4 6.3 -2 -0.2 -0.1
10.7 4.2 6.3 -2 0 -0.1
8.3 8.8 8.5 9.3 13.1 14.2 14.9 4.2 3.8 4 4.1 4.2 5 5.3 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 0.1 0 0.6 0.4 0.5 1.1 0.5 -0.1 GPGSTOC% -0.1 US-0.1 -0.1 Purchases -0.1 -0.1 -0.1 GDP Index Govt & Invest
14.8 5.6 6.3 -2 1.1 -0.1
17.9 5.6 6.3 -2 1.1 -0.1
16.3 5.4 6.3 -2 0.2 -0.1
16.8 5.8 6.3 -2 0.2 -0.1
18.5 6.1 6.3 -2 0.3 -0.1
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
0.3 2.2 6.3 -2 -0.1 -0.1
0.3 2.2 6.3 -2 -0.1 -0.1
0.3 2.2 6.3 -2 -0.1 -0.1
8 8 7.9 7.9 4.7 4.6 4.6 4.5 -30.4 -24.6 -27.1 -18.3 4.3 4.3 3 1.5 1.7 1.7 1.6 1.4 2.6 2.6 2.6 1
7.8 4.4 -3.8 2.1 1.6 1
7.8 4.4 0.7 2.1 1.6 1
7.8 4.5 6.4 2.1 1.6 0.6
7.7 4.5 16.9 2.1 1.6 0.6
7.8 4.6 22.5 2.1 1.6 0.6
7.9 4.7 31.3 2.1 1.6 0.6
8 4.8 33.7 2.1 1.6 0.6
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 4.9 7.3 2.1 1.6 2.1
8.3 4.9 4.5 2.1 1.6 2.1
8.2 8.1 4.9 4.9 -5.4 -12.8 2.1 2.1 1.6 1.6 3.2 3.2
8.1 4.9 6.9 2.1 1.6 3.2
8 8.1 7.9 4.9 4.8 4.8 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 4.8 0.8 2.1 1.6 3.3
7.8 4.8 6 2.1 1.6 3.3
2.5 1.1 2.7 1.6 1.9 2 -0.1 0.6 -0.6 0.4 3.5 2.3 3.8 4.2 5.1 1.8 0 0.4 0.3 0.7 0.2 0.6 0.4 0.2 0.1 -4.43 -4.43 -4.43 -4.81 -4.81 -12.6 -12.6 -12.6 -18.6 -18.6 -3.43 -3.43 -3.43 -3.07 -3.07 8.04 8.04 8.04 -5.77 -5.77
4.3 0.3 6.2 0.8 0.3 -4.81 -18.6 -3.07 -5.77
3.8 2.9 2.9 3.6 3.5 2 0.1 -0.9 -1 -0.2 -0.9 -1.4 -1.7 -2.4 -3 0.2 US-0.3 0.3 Purchases 0.1 0.5 -1.2 0.1 -1.2 0.5 0.2 -0.2 -0.3 -0.1 -1.1 -0.4 GPGSTOC% GDP Index Govt & Invest 5.1 5.2 4.9 4.3 5.6 5 3.5 2.6 3.3 2.9 1.9 0.6 0.6 -0.6 -1.2 0 US0.3 0.3 Purchases -0.8 0.8 0.3 0.3 -0.9 1.1 -0.1 -0.3 -0.5 -0.1 -0.9 -0.3 GPGSTOC% GDP Index Govt & Invest 0.4 US0.2 -0.1 Purchases -0.4 -0.4 -0.2 0.6 0.8 1 0.3 1 0.6 0.8 -0.2 -0.1 GPGSTOC% GDP Index Govt & Invest 3.32 3.32 3.32 4.91 4.91 4.91 -4.84 -4.84 -4.84 5.68 5.68 5.68 4.39 4.39 4.39 6.33 6.33 6.33 1.91 1.91 1.91 -3.74 -3.74 -3.74 19.17 19.17 19.17 16.92 16.92 16.92 2.99 US 2.99 2.99 5.25 5.25 5.25 -4.97 -4.97 -4.97 4.25 4.25 4.25 2.97 2.97 2.97 GPGSTOC% GDP Index Govt Purchases & Invest 3.58 US 3.58 3.58 -0.52 -0.52 -0.52 -2 -2 -2 4.65 4.65 4.65 2.31 2.31 2.31 GPGSTOC% GDP Index Govt Purchases & Invest
-2.6 0.5 0.7 1.1 -0.2 7.69 18.4 6.49 2.63
-3.6 -0.5 -0.5 -0.4 0.5 7.69 18.4 6.49 2.63
-2.3 0.2 -2.2 -1.3 0.3 7.69 18.4 6.49 2.63
7.7 US7.9 7.8 Purchases 7.8 7.9 7.8 GPGSTOC% GDP Index Govt & Invest 4.4 4.4 4.4 4.4 4.5 4.5 1.9 US-5.2 -2.8 Purchases -5.4 3.7 -8.5 GPGSTOC% GDP Index Govt & 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 US0.5 0.5 Purchases -0.5 -0.5 -0.5 GPGSTOC% GDP Index Govt & Invest
-57 -57 -57 -57 -57 -57 GPGSTOC% -57 US-57 -57 Purchases -57 -57 -57 -57 -57 -57 -57 GDP Index Govt & Invest 57.3 58 58 57.6 56.9 53.7 53.5 55.4 57.5 58.7 61.5 60.9 56.7 54.4 52 51.4 54.1 55.6 56.2 55.5 55.8 55.9 GPGSTOC% 54.1 US 53.3 55.4 54.2 55.9 56.8 57.2 56.7 56 53.7 GDP Index Govt Purchases & Invest 43 47 36 20 17 24 9 11 6 26 9 3 1 30 14 36 49 42 31 35 27 29 GPGSTOC% 27 US 24 37 Purchases 21 24 33 28 40 44 46 GDP Index Govt & Invest 103 101.9 102.9 100.1 102.3 103.4 100.9 100.4 101.3 102.5 99.6 102.8 105.5 100.4 102.9 100.6 -8.7 -6.2 0 -8.2 -2.5 -1.5 -2.6 -0.4 -2.4 5.2 1 5.7 8.7 4.8 3 1.6 -8.3 -13.8 -9.9 -4.1 -5.4 -8.9 GPGSTOC% -10.3 US -17.1 -8.6 Purchases -17.7 -17.3 -4.7 1.3 -12.1 -3.9 -13.4 GDP Index Govt & Invest
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
-57 -57 -57 -57 -57 -57 -57 -57 49.4 49.4 50.8 47.8 47.7 49.7 52 51.5 51.6 51.5 48.8 46.4 47.5 48.8 50.4 48.8 19 -3 7 -15 -20 -23 -11 1 46 30 34 37 31 17 33 41 99.2 93.6 90.2 90.2 89.5 88.9 94 94.3 -2.2 -0.7 -6.8 -11.4 -12.4 -13 -6 -2.5 -5.9 -25.7 -24.7 -16.3 -22.4 -24.8 -16.3 -23.9
-2.7 -0.4 -1.5 1 0.3 6.93 5.28 7.12 4.6
-2.2 -0.7 -1.8 -1.1 -0.1 6.93 5.28 7.12 4.6
-1.5 1.2 -1.4 1.5 0.4 6.93 5.28 7.12 4.6
-2.2 2 6.3 -2 -0.6 -0.1
-4 -2.3 -4.2 -3 -0.1 3.61 -0.5 4.1 1.4
-0.9 2.9 -1 3 0.3 3.61 -0.5 4.1 1.4
-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
7.7 7.7 7.7 7.7 4.8 4.8 4.8 4.8 -8.9 -12.1 -12.1 -12.1 2.1 2.1 2.1 2.1 1.6 1.6 1.6 1.6 3.3 3.3 3.3 3.3
-1.1 -3.2 -3 -2.4 -1.7 -1.7 -1.7 -0.5 -2.1 -0.8 0.2 1.1 1.1 1.1 -1.8 -1.6 -1.9 -2 -1.5 -1.5 -1.5 -1.3 0.1 -1.3 -0.3 1.6 1.6 1.6 0.3 1.2 1.1 0.6 0.6 0.6 0.6 3.61 5.1 5.1 5.1 5.1 5.1 5.1 -0.5 -2.82 -2.82 -2.82 -2.82 -2.82 -2.82 4.1 6.12 6.12 6.12 6.12 6.12 6.12 1.4 3.8 3.8 3.8 3.8 3.8 3.8 -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 50.8 48.6 15 46 97.6 -9.9 -6.4
-57 50.8 48.6 15 46 97.6 -9.9 -6.4
UNITED KINGDOM - ECONOMIC INDICATORS - II/II Indicator
S-09 O-09 N-09 D-09 J-10 F-10 Leading Indicators Conf. Board Leading (index) 94.2 95.1 95.9 96.3 97 97.6 Conf. Board Leading (yoy %) -0.74 2.48 4.81 6.17 7.66 9.17 Conf. Board Leading (mom %) 1 1 0.8 0.4 0.7 0.6 GPGSTOC% US GDP Index Govt Purchases & Invest Conf. Board Coincident (index) 102 102 102 101.9 101.6 101.9 Conf. Board Coincident (yoy %) -1.26 -1.16 -0.97 -0.97 -0.78 -0.1 Conf. Board Coincident (mom %) 0.1 US GDP 0 Index 0 Purchases -0.1 -0.29 0.3 GPGSTOC% Govt & Invest OECD Leading Indicators for the U.K. (index) 104.5 105.1 105.7 106 106.2 106.4 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) 610.1 614.8 620.4 626.4 758.8 760.3 BBA Loans for House Purchase (£ Bn) 41957 41396 43093 36199 32975 GPGSTOC% US GDP Index Govt 45491 Purchases & Invest Mortgage Approvals sa (000s) 55.37 56.26 57.67 58.58 47.43 46.17 BoE Housing Equity Withdrawal (£ Bn) -6 -6 -6 -5.5 -5.5 -5.5 BSA Mortgage Approvals sa (£ Mn) 1468 US 1469 1407 1284 1224 1482 GPGSTOC% GDP Index Govt Purchases & Invest RICS House Price Balance (% rise-fall) 21 US 33.8 34.4 29.3 29 15.2 GPGSTOC% GDP Index Govt Purchases & Invest HBOS House Price (3-mo. yoy %) -7.4 -4.7 -1.6 1.1 3.6 4.5 Rightmove Property Asking Prices (yoy %) -1.5 0.2 1.6 1.7 4.1 6.1 Nationwide House Price nsa (yoy %) 0 2 2.7 5.9 8.6 9.2 DCLG House Prices (yoy %) -4.1 US-2.3 0.5 Purchases 2.9 6.2 7.3 GPGSTOC% GDP Index Govt & Invest Retail Sales Retail Sales (yoy %) 1.8 2.5 2.7 1.7 -1.6 2.9 Retail Sales (mom %) 0.2 US0.1 0.4 Purchases 0.4 -3.4 2.7 GPGSTOC% GDP Index Govt & Invest Retails Sales Implied Deflator (yoy %) 0 US0.4 0.4 Purchases 2.4 GPGSTOC% GDP Index Govt &2 Invest1 New Car Registrations (000s) 367.9 168.9 158.1 150.9 145.5 68.69 New Car Registrations (yoy % chg) 11.4 US 31.6 57.6 38.9 29.8 26.4 GPGSTOC% GDP Index Govt Purchases & Invest Consumer Confidence GfK Consumer Confidence Index -16 -13 -17 -19 -17 -14 Nationwide's Consumer Confidence Index 78 81 78 70 75 83 Lloyds Inflation Consumer Expectations (% bal) 59 60 58 64 67 66 Lloyds Interest Rates Consumer Expectations (% bal) 58 US 57 60 Purchases 59 66 62 GPGSTOC% GDP Index Govt & Invest Personal Sector Consumer Credit (£ Bn) -0.16 -0.38 -0.17 0.273 0.204 0.404 Consumer Net Credit Secured on Dwellings (£ Bn) 1.373 US 0.981 1.478 1.197 0.944 1.189 GPGSTOC% GDP Index Govt Purchases & Invest External Sector Current Account BOP sa (£ Bn) -2.16 -2.16 -2.16 -0.67 -0.67 -0.67 Capital Account BOP sa (£ Mn) 744 744 744 872 872 872 Current Account Balance (% of GDP) -1.59 US -1.59 -1.59 -1.27 -1.27 -1.27 GPGSTOC% GDP Index Govt Purchases & Invest Visible Trade Balance sa (£ Mn) -6878 -7226 -6864 -6923 -8158 -6512 Trade Balance Non-EU 27 sa (£ Mn) -3687 US -3630 -2973 -3240 -4698 -3573 GPGSTOC% GDP Index Govt Purchases & Invest Total Trade Balance BOP sa (£ Mn) -1483 -1662 -1248 -1397 -2831 -1317 Exports BOP (£ Bn) 34031 34841 34819 35427 34087 35910 Imports BOP (£ Bn) 35514 36503 36067 36918 37227 GPGSTOC% US GDP Index Govt 36824 Purchases & Invest Government Sector Gov't Budget Balance (% of GDP) -9.93 -9.93 -9.93 -11.1 -11.1 -11.1 Public Net Debt - PSNCR (% of GDP) 152 US 152.2 152.8 156.4 153.9 153.1 GPGSTOC% GDP Index Govt Purchases & Invest Public Finances - PSNCR (£ Mn) 23.48 9.365 18.14 20.89 -9.24 -7.51 Public Sector Net Borrowing (£ Bn) 13.74 US 8.433 15.77 14.83 -0.82 7.892 GPGSTOC% GDP Index Govt Purchases & Invest Monetary Sector M4 Money Supply sa (yoy %) 11.7 11.4 9.5 6.7 5.7 4 M4 Money Supply sa (mom %) 1.3 US2.6 -0.2 Purchases -1 -0.5 GPGSTOC% GDP Index Govt &1 Invest M4 Lending to Private Sector sa (£ Bn) 17 US 25.7 6.1 Purchases 11.8 3.3 -5.8 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 (%) 0.542 0.591 0.612 0.605 0.616 0.643 10-Year Gov't Bond Yield (%) 3.592 3.619 3.523 4.015 3.911 4.031 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 78.89 US 80.83 79.4 80.48 81.27 81.27 GPGSTOC% GDP Index Govt Purchases & Invest
M-10
A-10 M-10
J-10
A-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
N-12
D-12
J-13
F-13
98.5 10.92 0.9 102 0 0.1 106.3 -9.71
99 99.1 99.9 100.4 10.61 9.5 9.06 8.78 0.5 0.1 0.8 0.5 102.1 102.2 102.5 102.6 0 0.1 0.49 0.49 0.1 0.1 0.29 0.1 106.2 106 105.8 105.6 -9.71 -9.71 -9.71 -9.71
100.8 8.04 0.4 102.7 0.79 0.1 105.4 -9.71
100.9 101.1 101 101.5 101.7 102.2 7.11 6.31 5.32 5.4 4.85 4.71 0.1 0.2 -0.1 0.5 0.2 0.5 GPGSTOC% US GDP Index Govt Purchases & Invest 102.5 102.4 102.5 102.4 102.6 102.3 0.49 0.39 0.49 0.49 0.98 0.39 -0.19 US-0.1 0.1 Purchases -0.1 0.2 -0.29 GPGSTOC% GDP Index Govt & Invest 105.4 105.4 105.4 105.4 105.4 105.3 -9.71 US -9.71 -9.71 -9.71 -9.71 -9.71 GPGSTOC% GDP Index Govt Purchases & Invest
102.5 4.06 0.3 102.4 0.39 0.1 105.3 -9.71
102.8 3.84 0.3 102.6 0.49 0.2 105.1 -9.71
103.4 4.34 0.6 102.6 0.39 0 104.9 -9.71
103.6 3.7 0.2 102.4 -0.1 -0.19 104.6 -9.71
104 3.59 0.4 102.2 -0.39 -0.2 104.2 -9.71
103.7 2.88 -0.3 102.2 -0.49 0 103.7 -9.71
103.1 2.18 -0.6 102.3 -0.2 0.1 103.3 -9.71
102.6 1.48 -0.5 102.3 -0.1 0 103.1 -9.71
101.6 0.59 -1 102.2 -0.29 -0.1 102.9 -9.71
100.9 -0.59 -0.7 102.2 -0.2 0 102.9 -9.71
101.5 102.3 103.3 103.4 102.2 -0.2 0.1 0.78 0.58 -0.77 0.6 0.8 1 0.1 -1.1 102.3 102.4 102.7 102.7 103.6 -0.29 0.1 0.29 0.1 0.68 0.1 0.1 0.29 0 0.6 102.9 103 103.1 103.2 103.3 -9.71 -9.71 -9.71 -9.71 -9.71
102.2 -1.35 0 103.7 0.98 0.1 103.4 -9.71
102.7 -1.73 0.5 104 1.47 0.3 103.6 -9.71
103.1 -1.35 0.4 103.9 1.47 -0.1 103.8 -9.71
103.5 -0.68 0.4 103.9 1.27 0 104 -9.71
103.2 -0.58 -0.3 103.8 1.27 -0.1 104.2 -9.71
103.4 -0.58 0.2 103.9 1.27 0.1 104.2 -9.71
103.4 -0.58 0.2 103.9 1.27 0.1 104.2 -9.71
103.4 -0.58 0.2 103.9 1.27 0.1 104.2 -9.71
103.4 -0.58 0.2 103.9 1.27 0.1 104.2 -9.71
762.2 35200 49.07 -6.7 1382 8.5 5.2 5.3 9 9.7
763.7 36536 50.14 -6.7 1460 17 6.6 6 10.5 9.8
751.1 31001 47.06 -7.8 1708 -28 4.6 4.3 3.9 8.1
753.1 754.2 755.4 756.3 757.6 757.9 31028 29946 29337 28381 29472 GPGSTOC% US GDP Index Govt 28188 Purchases & Invest 47.34 46.55 46.7 42.36 44.94 45.93 -7.8 -7.8 -7.8 -9.8 -9.8 -9.8 1778 US 1725 1864 1665 1750 1815 GPGSTOC% GDP Index Govt Purchases & Invest -32 US-43 -39 Purchases -37 -31 -29 GPGSTOC% GDP Index Govt & Invest 2.6 1.2 -0.7 -1.6 -2.4 -2.8 2.6 2.9 1.3 0.4 0.4 0.3 3.1 1.4 0.2 0.1 -1.4 -0.1 6.1 US4.9 3.7 Purchases 3 0.1 -0.2 GPGSTOC% GDP Index Govt & Invest
758.7 31548 47.42 -9.4 1783 -27 -2.9 0.9 0.1 0.3
758.8 29932 45.71 -9.4 1724 -22 -3.7 0.1 -1.3 -0.7
759.9 31761 46.66 -9.4 1689 -31 -4.2 0.7 -1.2 -2.5
761.5 33281 49.47 -10.1 1819 -27 -3.5 1.1 -1.1 -2.3
762.6 34723 50.48 -10.1 1770 -21 -2.6 0.1 -0.4 -1.6
764 35559 53.33 -10.1 1770 -21 -2.6 -0.3 -0.4 -1.5
765.4 33471 51.24 -8.6 1770 -21 -2.3 1.5 -0.3 -1.6
766.1 34492 52.46 -8.6 1770 -23 -1.8 1.2 0.8 -0.5
766.6 33995 52.33 -8.6 1770 -15 -1 1.2 1.6 -0.5
767.1 34910 52.57 -8.2 1770 -16 -1.3 1.5 1 -0.4
767.6 37642 57.81 -8.2 1770 -17 -1.8 0.4 0.6 0.6
775.5 28342 47.67 -9.4 1770 -22 -0.5 2.4 -1.5 2.3
776.2 28565 47.05 -9.4 1770 -23 -0.6 2.3 -2.6 2
776.5 30969 48.17 -9.4 1770 -18 -0.9 2 -0.7 1.9
776.8 31335 50.41 -8 1770 -15 -1.2 0.7 -1.4 1.7
776.9 33115 53.04 -8 1770 -7 -1.7 1.5 -0.9 1.5
777.5 33551 54.01 -8 1770 -9 -1.3 2 -1.2 2.1
777.4 33636 55.79 -8 1770 0 -0.3 1.4 -1 2.1
777.4 33636 55.79 -8 1770 0 1.3 2.4 0 2.1
777.4 33636 55.79 -8 1770 0 1.3 2.4 0 2.1
765.8 36802 50.36 -6.7 1528 18 6.9 4.3 9.8 10.6
J-10
775.4 34997 49.02 -7.8 1584 5 6.3 5 8.7 9.9
777.8 34320 49.01 -7.8 1756 -12 4.9 3.7 6.6 8.2
S-10
O-10
N-10
D-10
J-11
F-11 M-11
A-11 M-11
1.8 0.8 2.1 1.1 1.1 0.9 -0.1 0.1 -0.1 -1.6 3.1 -0.4 -0.4 1.9 -1.1 -1.2 -1.2 -1.5 0 0.4 -0.2 -0.1 0.7 0 0.4 -0.1 GPGSTOC% -0.8 US0.3 0.1 Purchases -1.1 1.2 -0.7 -0.2 2.2 -2.3 0 0.3 -0.4 0.7 0.8 GDP Index Govt & Invest 1.4 1.9 1.4 1.2 1.5 1.6 GPGSTOC% 2.4 US2.3 2.8 Purchases 3 3.6 2.9 3.2 3.4 3.3 3.8 4 3.6 3.4 GDP Index Govt &3 Invest 397.4 148.8 153.1 195.2 136.5 55.31 335.3 131.5 139.9 123.8 128.8 63.42 366.1 137.8 150.4 183.1 131.6 59.35 332.5 134.9 26.6 11.5 13.5 10.8 -13.2 -17.5 GPGSTOC% -8.9 US -22.2 -11.5 -18 -11.5 -7.7 -7.9 -7.4 -1.7 -6.2 -3.5 7.3 -0.8 2.6 GDP Index Govt Purchases & Invest -15 75 69 59
-16 77 61 60
-18 69 75 62
-19 64 78 63
-22 57 72 63
-18 -20 -19 -21 -21 -29 -28 61 56 58 47 53 47 39 75 73 79 80 84 84 84 58 GPGSTOC% 57 US 57 59 Purchases 61 67 77 GDP Index Govt & Invest
-28 46 80 68
-31 45 75 70
-21 60 79 66
-25 53 78 61
-30 48 80 58
-31 46 79 45
-30 46 76 47
-32 41 70 45
J-12
F-12 M-12
767.3 32182 49.13 -8.2 1770 -15 -1.9 1.4 0.9 1
768.2 31445 50.42 -8.1 1770 -11 -0.6 2.2 -0.9 -0.4
767.6 31930 51.18 -8.1 1770 -19 -0.5 3.4 -0.9 1.4
768.1 29231 48.92 -8.1 1770 -18 -0.1 2 -0.7 2.3
-0.3 -1.6 0.2 0.5 2.3 -1.1 2.2 2.9 2.6 2.9 2.6 1.2 2 1.1 1.1 1.1 -0.6 -1.1 0 -0.4 1.6 -1.2 1 0.7 -0.1 -0.2 0.5 -0.6 0.2 -0.3 -0.3 -0.3 2.7 3 2.1 2.3 2.5 1.7 1.3 0.7 0.5 0.4 0.5 0.8 0.5 0.8 0.8 0.8 134 119.2 128.9 61.87 372.8 142.3 162.3 189.5 143.9 59.43 359.6 151.3 149.2 123.6 143.6 143.6 -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 11.5 -31 40 70 47
-33 36 65 46
-29 44 59 41
-29 42 61 39
-31 52 70 47
-31 45 75 46
-29 44 70 45
-29 44 70 43
-29 44 71 39
-29 44 75 40
-28 44 78 45
-30 44 77 41
-22 44 78 40
-29 44 81 41
-26 44 81 41
-26 44 81 41
0.136 -0.09 0.359 -0.07 0.16 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 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.228 0.23 1.019 0.878 -0.33 1.789 GPGSTOC% 0.436 US 0.793 0.816 -0.37 1.396 0.723 0.496 0.758 1.267 -0.17 0.673 1.072 0.608 1.331 0.811 0.815 1.451 0.958 0.918 1.244 0.074 0.369 0.836 -0.01 0.607 0.369 0.005 1.036 1.036 1.036 GDP Index Govt Purchases & Invest -9.58 1096 -1.61 -8529 -4641 -3314 36295 39609
-9.58 1096 -1.61 -7874 -4114 -2476 36647 39123
-9.58 1096 -1.61 -7961 -4369 -2413 37063 39476
-8.45 827 -1.45 -7611 -4490 -2043 38378 40421
-8.45 827 -1.45 -8730 -4634 -3267 37393 40660
-8.45 827 -1.45 -8515 -4456 -3086 37191 40277
-9.33 -9.33 -9.33 -9.93 -9.93 -9.93 684 684 684 1030 1030 1030 -1.93 US -1.93 -1.93 -2.54 -2.54 -2.54 GPGSTOC% GDP Index Govt Purchases & Invest -8367 -8350 -8685 -9217 -7723 -7085 -4246 US -4772 -5058 -5403 -4326 -3046 GPGSTOC% GDP Index Govt Purchases & Invest -2807 -2516 -2557 -2875 -1248 -636 37432 38670 39236 39583 40676 40843 40239 41186 41793 41924 41479 GPGSTOC% US GDP Index Govt 42458 Purchases & Invest
-4.18 637 -2.15 -8021 -4823 -1723 40323 42046
-4.18 637 -2.15 -7224 -4505 -1129 40535 41664
-4.18 637 -2.15 -8578 -5297 -2536 41183 43719
-1.88 918 -1.7 -9069 -5921 -2865 40503 43368
-11.2 153.5 11.42 17.67
-11.2 152.2 -9.32 6.261
-11.2 151.7 -1.11 16.53
-10.9 151.7 5.603 11.73
-10.9 150.8 -11.6 1.327
-10.9 150.2 -3.77 11.95
-10.5 -10.5 -10.5 -10.2 -10.2 -10.2 150.6 US 149.9 150.1 151 149.1 148.6 GPGSTOC% GDP Index Govt Purchases & Invest 12.11 -6.89 7.693 16.42 -23.7 -2.28 13.39 US6.5 18.93 14.94 -8.04 6.641 GPGSTOC% GDP Index Govt Purchases & Invest
-9.56 149.3 16.33 14.98
-9.56 148.6 -6.05 6.466
-9.56 148.4 2.266 11.78
-9.31 -9.31 -9.31 -8.68 148.9 147.4 147.3 146.5 10.84 -21.1 -3.31 4.63 10.75 -5.2 12.28 11.37
3.4 -0.1 4.5
3.3 2.4 -0.2 -0.6 -12 -13.8
-1.88 918 -1.7 -8950 -5185 -2418 41472 43890
-1.88 918 -1.7 -8492 -4866 -1721 40998 42719
-8.73 -8.73 983 983 -1.64 -1.64 ##### -8078 -5721 -4572 -3434 -1487 40945 42688 44379 44175 -8.68 145.3 -15.5 3.723
-8.73 983 -1.64 -9300 -4967 -2990 41447 44437
-5.65 772 -1.35 -7479 -3707 -1402 41393 42795
-5.65 772 -1.35 -8139 -3776 -2187 41389 43576
-5.65 772 -1.35 -8750 -4643 -2886 40372 43258
-11.8 925 -1.84 -8739 -4217 -2969 41797 44766
-11.8 -11.8 925 925 -1.84 -1.84 ##### -8003 -5200 -3658 -4639 -2409 39412 41521 44051 43930
-8.68 144.9 -4.27 14.17
-8.01 -8.01 -8.01 -7.99 -7.99 145.4 142.5 141.2 141.2 139.5 7.503 -36 -11.7 12.93 -26.8 12.63 -8.39 9.869 14.78 -19.1
-17.4 975 -2.85 -9334 -4791 -3713 39663 43376
-17.4 975 -2.85 -7234 -2986 -1526 41522 43048
-17.4 -12.8 975 977 -2.85 -3.1 ##### -8386 -5241 -3980 -4648 -2579 40286 40678 44934 43257
-12.8 977 -3.1 -9131 -4468 -3373 40099 43472
-12.8 977 -3.1 -9275 -4618 -3577 39910 43487
-12.8 977 -3.1 -8897 -4239 -3201 40679 43880
-12.8 977 -3.1 -8897 -4239 -3201 40679 43880
-12.8 977 -3.1 -8897 -4239 -3201 40679 43880
-7.99 -6.12 -6.12 -6.12 -6.29 -6.29 -6.29 -6.29 138.4 138.1 137.8 137.7 138.4 138.7 139.3 140.3 -7.24 -0.8 -24.6 -9.39 -0.52 -14.4 -6.51 1.299 14.24 10.25 -2.16 12.49 11.2 7.173 14.27 13.21
-6.29 140.3 1.299 13.21
-6.29 140.3 1.299 13.21
3 2.3 1.9 1.1 -0.7 -1.2 -1.5 -1.8 -1.5 -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 -1 -1 0 0.3 -0.7 GPGSTOC% 0.5 US0.8 -0.7 Purchases -1.4 0.8 -0.3 0.2 0.1 0.1 -0.3 -0.1 -0.4 -0.4 -0.3 -0.5 -1.3 0.8 -1.8 -0.7 0.7 -0.1 -1.6 0.5 0.3 0.1 0.3 -0.2 0.7 0.7 0.7 GDP Index Govt & Invest -2.9 -12.2 -17.7 GPGSTOC% -0.7 US 27.7 -28.8 -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 0.647 0.677 0.711 0.73 0.745 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 0.511 3.939 3.852 3.581 3.355 3.325 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 2.12 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
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |