The Economist UK - 14.03.2020

80 The EconomistMarch 14th 2020

Economic data

Gross domestic product Consumer prices Unemployment Current-account Budget Interest rates Currency units

% change on year ago % change on year ago rate balance balance 10-yr gov't bonds change on per $ % change

latest quarter* 2019† latest 2019† % % of GDP, 2019† % of GDP, 2019† latest,% year ago, bp Mar 11th on year ago

United States 2.3 Q4 2.1 2.3 2.3 Feb 1.8 3.5 Feb -2.5 -4.6 0.8 -182 -

China 6.0 Q4 6.1 6.1 5.2 Feb 2.9 3.6 Q4§ 1.5 -4.3 2.4 §§ -58.0 6.95 -3.2

Japan -0.7 Q4 -7.1 0.8 0.7 Jan 0.5 2.4 Jan 3.6 -3.2 nil -8.0 105 6.1

Britain 1.1 Q4 0.1 1.4 1.8 Jan 1.7 3.8 Nov†† -3.9 -2.1 0.2 -101 0.78 -2.6

Canada 1.5 Q4 0.3 1.7 2.4 Jan 2.0 5.6 Feb -2.1 -1.0 0.7 -110 1.37 -2.2

Euro area 1.0 Q4 0.5 1.2 1.2 Feb 1.2 7.4 Jan 3.2 -0.8 -0.8 -82.0 0.89 nil

Austria 1.0 Q4 1.1 1.5 2.0 Jan 1.5 4.3 Jan 1.6 0.2 -0.4 -77.0 0.89 nil

Belgium 1.2 Q4 1.6 1.4 1.1 Feb 1.2 5.3 Jan -0.6 -1.3 -0.2 -72.0 0.89 nil

France 0.9 Q4 -0.2 1.2 1.4 Feb 1.3 8.2 Jan -0.9 -3.2 -0.2 -58.0 0.89 nil

Germany 0.5 Q4 0.1 0.6 1.7 Feb 1.4 3.2 Jan 7.3 1.5 -0.8 -82.0 0.89 nil

Greece 0.5 Q4 -2.7 2.2 0.2 Feb 0.5 16.5 Nov -2.1 0.6 1.6 -239 0.89 nil

Italy 0.1 Q4 -1.2 0.2 0.4 Feb 0.6 9.8 Jan 2.9 -2.2 1.2 -135 0.89 nil

Netherlands 1.5 Q4 1.5 1.7 1.6 Feb 2.7 3.8 Jan 8.3 0.6 -0.6 -80.0 0.89 nil

Spain 1.8 Q4 2.1 2.0 0.8 Feb 0.8 13.7 Jan 1.0 -2.2 0.3 -82.0 0.89 nil

Czech Republic 1.5 Q4 1.3 2.4 3.7 Feb 2.8 2.1 Jan‡ 0.1 0.2 1.1 -75.0 22.8 0.1

Denmark 1.7 Q4 0.8 2.1 0.8 Feb 0.8 3.7 Jan 8.3 1.6 -0.7 -87.0 6.63 0.3

Norway 1.8 Q4 6.5 1.2 0.9 Feb 2.2 3.9 Dec‡‡ 5.4 6.5 0.8 -82.0 9.62 -9.7

Poland 3.6 Q4 1.2 4.1 4.4 Jan 2.3 5.5 Jan§ 1.1 -1.2 1.7 -117 3.83 nil

Russia 1.7 Q3 na 1.3 2.3 Feb 4.5 4.7 Jan§ 4.2 1.8 7.1 -136 72.3 -8.7

Sweden 0.8 Q4 0.6 1.3 1.3 Jan 1.8 7.5 Jan§ 4.3 0.4 -0.4 -70.0 9.50 -0.8

Switzerland 1.5 Q4 1.3 0.8 -0.1 Feb 0.4 2.3 Feb 10.2 0.5 -0.8 -50.0 0.94 7.5

Turkey 6.0 Q4 na 0.7 12.4 Feb 15.2 13.7 Dec§ 0.2 -3.4 11.4 -400 6.20 -12.1

Australia 2.2 Q4 2.1 1.7 1.8 Q4 1.6 5.3 Jan 0.4 0.1 0.7 -137 1.54 -7.8

Hong Kong -2.9 Q4 -1.3 -1.2 1.4 Jan 2.9 3.4 Jan‡‡ 6.4 -1.2 0.8 -99.0 7.77 1.0

India 4.7 Q4 4.9 4.9 7.6 Jan 3.7 7.8 Feb -1.2 -3.9 6.1 -138 73.6 -5.0

Indonesia 5.0 Q4 na 5.0 3.0 Feb 2.8 5.3 Q3§ -2.7 -1.6 6.9 -103 14,353 -0.4

Malaysia 3.6 Q4 na 4.5 1.6 Jan 0.7 3.3 Dec§ 3.4 -3.5 2.9 -96.0 4.23 -3.3

Pakistan 3.3 2019** na 3.3 12.4 Feb 9.4 5.8 2018 -2.6 -8.9 10.5 ††† -263 159 -12.7

Philippines 6.4 Q4 9.1 5.9 2.6 Feb 2.5 5.3 Q1§ -0.3 -2.8 4.2 -196 50.5 3.3

Singapore 1.0 Q4 0.6 0.7 0.8 Jan 0.6 2.3 Q4 17.0 -0.1 1.2 -100 1.39 -2.2

South Korea 2.3 Q4 5.1 2.0 1.1 Feb 0.4 4.1 Feb§ 3.7 -0.3 1.4 -62.0 1,193 -5.0

Taiwan 3.3 Q4 7.8 2.7 -0.2 Feb 0.6 3.7 Jan 11.6 -0.9 0.5 -35.0 30.1 2.8

Thailand 1.6 Q4 1.0 2.4 0.7 Feb 0.7 1.1 Jan§ 8.1 -1.9 0.8 -150 31.4 0.9

Argentina -1.7 Q3 3.8 -2.7 52.9 Jan‡ 53.5 9.7 Q3§ -1.6 -3.8 na -464 62.7 -34.8

Brazil 1.7 Q4 2.0 1.2 4.0 Feb 3.7 11.2 Jan§‡‡ -2.3 -5.7 4.2 -286 4.68 -17.9

Chile 3.3 Q3 3.0 1.2 3.9 Feb 2.3 7.4 Jan§‡‡ -3.0 -2.8 3.0 -106 837 -19.8

Colombia 3.4 Q4 1.9 3.3 3.7 Feb 3.5 13.0 Jan§ -4.6 -2.3 7.1 48.0 3,845 -17.4

Mexico -0.5 Q4 -0.5 -0.1 3.7 Feb 3.6 3.7 Jan nil -1.6 7.3 -88.0 21.2 -8.4

Peru 1.8 Q4 0.6 2.2 1.9 Feb 2.1 7.4 Jan§ -1.5 -1.6 3.8 -158 3.51 -5.7

Egypt 5.7 Q3 na 5.6 5.3 Feb 9.2 8.0 Q4§ -0.7 -8.0 na nil 15.7 11.0

Israel 3.7 Q4 4.2 3.5 0.3 Jan 0.8 3.6 Jan 2.2 -3.7 0.8 -118 3.55 2.0

Saudi Arabia 0.3 2019 na 0.3 0.4 Jan -1.2 5.5 Q3 4.5 -5.6 na nil 3.75 nil

South Africa -0.5 Q4 -1.4 0.4 4.4 Jan 4.1 29.1 Q4§ -3.8 -5.9 9.3 58.0 16.2 -11.1

Source: Haver Analytics. *% change on previous quarter, annual rate. †The Economist Intelligence Unit estimate/forecast. §Not seasonally adjusted. ‡New series. **Year ending June. ††Latest 3 months. ‡‡3-month moving

average. §§5-year yield. †††Dollar-denominated bonds.

Commodities

The Economist commodity-price index % change on

2015=100 Mar 3rd Mar 10th* month year

Dollar Index

All Items 109.4 109.1 -0.8 -0.2

Food 97.4 95.3 -2.6 5.6

Industrials

All 120.7 121.9 0.5 -4.0

Non-food agriculturals 96.2 94.2 -7.0 -16.4

Metals 127.9 130.2 2.3 -0.8

Sterling Index

All items 130.3 128.7 -0.8 1.1

Euro Index

All items 108.6 106.6 -4.6 -0.8

Gold

$ per oz 1,638.3 1,654.2 5.7 27.5

Brent

$ per barrel 52.2 36.8 -32.2 -44.9

Sources: Bloomberg; CME Group; Cotlook; Datastream from Refinitiv;

Fastmarkets; FT; ICCO; ICO; ISO; Live Rice Index; LME; NZ Wool

Services; Thompson Lloyd & Ewart; Urner Barry; WSJ. *Provisional.

Markets

% change on: % change on:

Index one Dec 31st index one Dec 31st

In local currency Mar 11th week 2019 Mar 11th week 2019

United States S&P 500 2,741.4 -12.4 -15.1

United States NAScomp 7,952.1 -11.8 -11.4

China Shanghai Comp 2,968.5 -1.4 -2.7

China Shenzhen Comp 1,859.4 -1.9 7.9

Japan Nikkei 225 19,416.1 -8.0 -17.9

Japan Topix 1,385.1 -7.8 -19.5

Britain FTSE 100 5,876.5 -13.8 -22.1

Canada S&P TSX 14,270.1 -15.0 -16.4

Euro area EURO STOXX 50 2,905.6 -15.1 -22.4

France CAC 40 4,610.3 -15.6 -22.9

Germany DAX* 10,438.7 -13.9 -21.2

Italy FTSE/MIB 17,928.6 -18.3 -23.7

Netherlands AEX 484.2 -13.2 -19.9

Spain IBEX 35 7,436.4 -16.5 -22.1

Poland WIG 42,546.9 -17.5 -26.4

Russia RTS, $ terms 1,086.2 -19.4 -29.9

Switzerland SMI 9,152.5 -10.7 -13.8

Tu r ke y BIST 100,966.3 -8.9 -11.8

Australia All Ord. 5,789.3 -9.5 -14.9

Hong Kong Hang Seng 25,231.6 -3.8 -10.5

India BSE 35,697.4 -7.1 -13.5

Indonesia IDX 5,154.1 -8.8 -18.2

Malaysia KLSE 1,443.8 -3.1 -9.1

Pakistan KSE 37,673.3 -3.2 -7.5

Singapore STI 2,783.7 -8.0 -13.6

South Korea KOSPI 1,908.3 -7.3 -13.2

Taiwan TWI 10,893.8 -4.4 -9.2

Thailand SET 1,249.9 -9.3 -20.9

Argentina MERV 31,419.6 -15.6 -24.6

Brazil BVSP 85,171.1 -20.6 -26.4

Mexico IPC 38,678.6 -10.9 -11.2

Egypt EGX 30 11,194.1 -8.1 -19.8

Israel TA-125 1,274.2 -15.6 -21.2

Saudi Arabia Tadawul 6,552.5 -12.9 -21.9

South Africa JSE AS 49,074.1 -7.3 -14.0

World, dev'd MSCI 1,972.0 -12.1 -16.4

Emerging markets MSCI 946.6 -8.8 -15.1

US corporate bonds, spread over Treasuries

Dec 31st

Basis points latest 2019

Investment grade 216 141

High-yield 688 449

Sources: Datastream from Refinitiv; Standard & Poor's Global Fixed

Income Research. *Total return index.

For more countries and additional data, visit

Economist.com/indicators

Economic & financial indicators