Documente Academic
Documente Profesional
Documente Cultură
Summary Indicators
10 6
Feb
8.9 4
8
Feb
2 2.1
6
0
4 -2
2 -4
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
UNITED STATES
Output Indicators
-12 -25
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
4 10
Q4 Feb
2.8 5 5.8
2
0
0
-5
-2
-10
-4 -15
-6 -20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
UNITED STATES
Contribution to Change in GDP (1)
-4 -4
-6 -6
-6.3
-6.8
-8 -8
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
-4 -3.5 -4
-6 -6
-8 -8
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: All of the above are seasonally adjusted data at annual rates in real dollars.
Source: Haver Analytics
March 25, 2011
UNITED STATES
Contribution to Change in GDP (2)
-6 -5.7 -6
-8 -8
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Imports Exports
8 8
6.5
6 6
4.5
4 4
2.2 2.6
1.9 1.8
2 1.6 2 1.6 1.7
1.3 1.6 1.3 1.3 1.1
0.7 0.7 0.8 0.7 0.8 1.1
0.1 0.2 0.0 0.1
0 0 -0.1
-0.7 -0.8 -0.7 -0.8 -0.8 -0.6 -0.7 -0.7
-1.2
-2 -1.6 -2
-2.7 -2.5
-3.0
-4 -4 -3.6
-4.6
-6 -6
-8 -8
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: All of the above are seasonally adjusted data at annual rates in real dollars.
Source: Haver Analytics
March 25, 2011
UNITED STATES
Growth Indicators
116
Feb 65
113.4 Feb
112 61.4
108 55
104 45
100
35
96
92 25
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
8
4
6 Jan
2.8
4 2
Jan
2 2.7
0
0
-2
-2
-4 -4
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver; Leading Indicators Composite Index Source: The Conference Board
March 25, 2011
UNITED STATES
ISM Diffusion Index
50
45
40
35
30
25 20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
10 20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
UNITED STATES
Manufacturers’ Shipments
45 36
40 34 Feb
33.2
35 32
Feb
30 31.5 30
25 28
20 26
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
6 4
3
4
2
2
1
0
0
-2 -1
-4 -2
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Compensation per Hour and Unit Labor Cost Producer Prices, Except Food and Energy
Percent Change Over Year-Ago Level Percent Change Over Year-Ago Level
Compensation (Q4: 1.8) Unit Labor Cost (Q4: -0.1) PPI, Fin. Goods (Feb: 1.9) PPI, Int. Goods (Feb: 5.4)
6 15
4 10
2 5
0 0
-2 -5
-4 -10
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Unit Labor Cost and Compensation are from the Nonfarm Business Sector.
Source: Haver
March 25, 2011
UNITED STATES
Consumer Price Index
6 6
4 4
Feb
2 2.1 2
Feb
1.1
0 0
-2 -2
-4 -4
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Commodities excluding Food and Energy (23%) Services excluding Energy (54%)
Percent Change Over Year-Ago Level Percent Change Over Year-Ago Level
8 8
6 6
4 4
2 2 Feb
1.5
0 Feb 0
0.0
-2 -2
-4 -4
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
10 15
10
5
Feb 5
0 0.8
0
-5
-5
-10 -10
-15 -15
-20 -20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: For all of the above, core excludes food and energy.
Source: Haver
March 25, 2011
U.S. Import Prices for Manufactured Goods by Region
World Economies Canada and Latin America
Percent change over year-ago level Percent change over year-ago level
Industrialized (Feb: 3.2) Developing (Feb: 3.0) Canada (Feb: 6.5) Latin America (Feb: 3.2)
20 20
15 15
10 10
5 5
0 0
-5 -5
-10 -10
-15 -15
-20 -20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
10 15
10
5
Feb 5
0 2.0
0
-5
-5
-10 -10
-15 -15
-20 -20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: China import price data is available from December 2003 going forward and includes nonmanufactured goods, as well.
Source: Haver
March 25, 2011
U.S. Import Prices by End-Use
Capital Goods Industrial Supplies, excl. Petroleum
Percent change over year-ago level Percent change over year-ago level
30
Excl. computers (Feb: 2.2) Computers (Feb: -3.6)
6
20
4
Feb
2 10 11.2
0 0
-2
-10
-4
-20
-6
-8 -30
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
2.5 4
2.0
Feb 2
1.5
1.4
1.0 0
0.5
-2
0.0
-0.5 -4
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
4
4
Feb
2
Feb 2.3
1.0 0
0
-2 -4
-4
-8
-6
-8 -12
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
UNITED STATES
Corporate Profits
12 1.5 Q4
Q4 1.5
11.3 1.3
10
1.1
8
0.9
6 0.7
4 0.5
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
10 4.3
Q4 Q4
8.8 4.0
8 4.0
3.7
6
3.4
4 3.1
2 2.8
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Corporate profits include inventory valuation and capital consumption adjustments. Total profits equal domestic industries plus receipts from abroad minus payments abroad.
Source: Haver
March 25, 2011
UNITED STATES
Trade Indicators
-20 4
3.2 3.3
2.9
-30 1.9 1.9
2 1.5 1.5
0.9 0.8 1.0
-40 0.4
Jan 0 0.0 0.0
-0.0
-50 -46.3 -0.7 -0.6
-0.3
-1.4
-2 -1.7
-60
-3.5
-70 -4
-80 -6
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
600 125
100
400
75
200
50
0 25
-200 0
-400 -25
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
300 200
100
200
0
100
-100
0
-200
-100 -300
-200 -400
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Europe Canada
Billions of dollars Billions of dollars
Net Outflow (Q4: 12) Net Inflow (Q4: 25) Net Outflow (Q4: 51) Net Inflow (Q4: 35)
800 80
600 60
400
40
200
20
0
0
-200
-400 -20
-600 -40
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
200 200
150
100
100
0
50
0 -100
-50 -200
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Data are from Financial Account and do not include flows affecting domestic reserves.
Source: Haver
March 25, 2011
ALL FOREIGN COUNTRIES
Net Purchase of Long-Term US Securities
100 100
50 50
0 0
-50 -50
-100 -100
2008 2009 2010 2011 2008 2009 2010 2011
100 100
50 50
0 0
-50 -50
-100 -100
2008 2009 2010 2011 2008 2009 2010 2011
Source: Haver
March 25, 2011
NET PURCHASE OF LONG-TERM US SECURITIES
By Region
Asia Europe
Jan: $8.323 Billion Jan: $19.690 Billion
100 100
75 75
50 50
25 25
0 0
-25 -25
-50 -50
-75 -75
2008 2009 2010 2011 2008 2009 2010 2011
NOTE: Categories not covered include: ’Other Countries’, Int’l and Reg. Organizations, and Africa.
Source: US Treasury Department
March 25, 2011
UNITED STATES
Net Borrowing by Nonfinancial Corporations
-122
-70 -287-255
-200 -400 -374-353
-400 -600
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
111
100 525
63 55 450 438
50 41 43
392 400
23 19 16 365
2.2 2.4 375 356
0 323
293
-23 -21 -21 300 281 283
-31
-50 227 229
225 210209
186 192
-77
-100 150 141
95
-150 -138-132 75
-200 0
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Private Saving (Q4: 18.1) Private Domestic Investment (Q4: 12.2) Saving (Q4: 11.7) Domestic Investment (Q4: 15.8)
20 24
18 22
20
16
18
14 16
14
12
12
10
10
8 8
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Government Saving (Q4: -6.4) Government Investment (Q4: 3.5) Saving Gap (Q4: -4.1) Net Foreign Investment (Q4: -3.2)
6 -1
4
-2
2
-3
0
-2 -4
-4
-5
-6
-6
-8
-10 -7
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: The saving gap (S-I) and Net Foreign Investment differ by a statistical discrepancy. NFI plus some small adjustment factors equals the Current Account.
Source: Haver
March 25, 2011
JAPAN
Summary Indicators
8 120
4 Q4 110
2.5
0 100 Jan
96.0
-4 90
-8 80
-12 70
-16 60
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
11
40 31
29
10 23 26
7.2 6.1
5.1 20
2.7 3.7 1.8 2.7 2.1
3.3 4.8 7.2 4.0 5.0 2.4
6.8 3.6
1.1
6.2
1.4 1.2
0 0 -1.7
-0.6 -0.9 -1.3 -4.8 -7.1 -6.1
-1.9 -12
-3.3
-5.0 -20
-10 -40
-11 -38
-60 -59
-20 -20
-80
-30 -100
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
8 40
20
4 Q4 Jan
2.5 0 1.8
0
-20
-4
-40
-8
-60
-12 -80
-16 -100
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
JAPAN
Contribution to GDP Growth (1)
5 5
3.2 3.2
2.4 2.0 2.4 2.0 2.0
1.6 1.6 1.2 1.2 1.2
0.4 0.4 0.4 0.4 0.0 0.0 0.4 0.4
0 0
-0.4 -0.8 -0.8
-2.4 -2.0 -2.0
-3.6 -4.0 -4.0 -4.0
-5 -4.4 -5
-10 -10
-14
-15 -15
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
5 5
2.8 2.8
1.6 2.0 1.6 2.0
1.2 1.6 1.6 1.2 0.8 0.8 1.2 1.2
0.4 0.4 0.4 0.0 0.0
0 0
-0.8 -0.8 -0.4 -0.4 -0.4 -0.8 -0.4 -0.8 -0.4
-1.6
-5 -4.4 -5
-10 -10
-12
-15 -15
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
NOTE: Private Investment and Inventories includes Government Inventories. Contributions to GDP growth are updated five business days after most recent data release.
Source: BIS and BOJ
March 25, 2011
JAPAN
Contribution to GDP Growth (2)
10 10
6.0
5 5 2.8
2.0 1.6
0.8 0.8 0.8 1.2 1.2 1.2
0.0 0.4 0.4 0.0 0.4 0.0 0.0
0 -0.4
0 -0.4 -0.4 -0.4
-1.6 -0.8
-2.0 -2.0 -2.0 -2.0
-2.8
-5 -3.6 -5
-4.8 -4.0
-15 -15
-20 -20
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Imports Exports
Annualized Rate Annualized Rate
15 15
12
10 10
4.8 4.8
5 3.6 5 3.6 3.6 3.2
2.4 2.4 2.0 2.0 2.0
0.8 0.8
0.0 0.0 0.0
0 -0.4 -0.4 -0.4 -0.8
0 -0.4
-0.8 -0.8 -0.8
-1.6 -1.6 -2.0 -1.6
-3.2
-5 -5
-10 -10
-10
-15 -15
-16
-20 -20
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
NOTE: Contributions to GDP growth are updated five business days after most recent data release.
Source: BIS and BOJ
March 25, 2011
JAPAN
Growth Indicators
20
Jan 4
0 6.0
-20 2
Jan
-40 0 0.3
-60
-2
-80
-100 -4
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
-20 -10
-20
-40
-30
-60 -40
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
Corporate Finance: Financial Position, Large Lending Attitude: Large Financial Enterprises
Diffusion Index of ’Easy’ minus ’Tight’ Diffusion index of ’Accomodative’ minus ’Severe’
25 30
20 20
Q4 Q4
15
15.0 10 12.0
10
0
5
0 -10
-5 -20
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
Total Core
Percent Change Over Year-Ago Level Percent Change Over Year-Ago Level
6
ex. Fresh Foods (Feb: -0.3) ex. Food and Energy (Feb: -0.6)
6
4
4
2
2
Feb
0 0.1 0
-2 -2
-4 -4
-6 -6
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Goods Services
Percent Change Over Year-Ago Level Percent Change Over Year-Ago Level
6 6
4 4
2 2
Jan
0.9
0 0
Jan
-0.8
-2 -2
-4 -4
-6 -6
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
10 10
5 5
Feb Feb
1.7 2.5
0 0
-5 -5
-10 -10
-15 -15
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
10 10
5 5
Feb
0 Feb 0 0.5
-0.7
-5 -5
-10 -10
-15 -15
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
5.5 40
30
5.0 Jan
4.9 20
4.5
10
4.0
0
Jan
3.5 -10 -6.9
3.0 -20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
1.0 5
0.5 Jan
0 1.5
0.0
Jan -5
-0.5 -0.3
-1.0 -10
-1.5 -15
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
JAPAN
Financial Flows In and Out of Japan (1)
0 20
0
-100
-20
-200 -40
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Data are from Financial Account and do not include flows affecting domestic reserves.
Source: National Sources
March 25, 2011
JAPAN
Financial Flows In and Out of Japan (2)
-90 -150
-120 -200
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
-100
-200
-150
-200 -300
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Data are from Financial Account and do not include flows affecting domestic reserves.
Source: National Sources
March 25, 2011
JAPAN
Financial Indicators
2.0 10
1.5
0
1.0
-10
0.5
0.0 -20
-0.5 -30
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
125 170
115
150
105
130
95
Mar 18
110 114.7
85 Mar 18
81.1
75 90
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
Source: Haver
March 25, 2011
EURO AREA
Summary Indicators
4 115
Q4 110
2
2.0
105
0
Jan
100
-2 99.9
95
-4
90
-6 85
-8 80
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
EURO AREA
Output Indicators
4
10
Q4 Jan
2 6.0
2.0
0 0
-2 -10
-4
-20
-6
-8 -30
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
EURO AREA
Contribution to Change in GDP (1)
-4 -4 -3.9 -3.8
-6 -6 -6.1
-8 -8
-10 -10
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
Imports Exports
SAAR, real euros SAAR, real euros
20 20
15 15
11
10 8.1 10
6.7
5 4.3 5 3.4 3.9 3.1 4.2 3.4 2.9
1.6 1.8 1.6 2.6 1.2
0.7
0 0
-0.8
-1.8 -1.0 -2.4 -2.6
-1.4 -2.1 -1.6
-1.2 -2.0 -1.6
-2.8
-5 -4.8 -5
-6.0
-10 -10
-11
-15 -15 -14
-20 -20
2007 2008 2009 2010 2011 2007 2008 2009 2010 2011
110 Feb 20
107.8
100 0
90 -20
80 -40
70 -60
60 -80
50 -100
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
EURO AREA
Industrial Confidence Indicators
-20 0 Feb
-1.4
-40 -20
-60 -40
-80 -60
-100 -80
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
-10 -100
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
EURO AREA
Industrial New Orders
90 90
80 80
70 70
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
125 140
Jan
120.3
115
120
105 Jan
100 103.9
95
85 80
75 60
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Above charts are seasonally adjusted, 2005=100
Other transport includes ships, aircraft and railway.
Source: Haver
March 25, 2011
EURO AREA
Price and Cost Indicators
Overall CPI (Feb: 2.4) Core CPI (Feb: 1.0) PPI (Jan: 6.0) PPI (Cons.Goods) (Jan: 2.2)
6 10
5
4 5
3
2 0
1
0 -5
-1
-2 -10
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
4 4
0
2
-4
0
-8
-2 -12
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Core CPI excludes Energy, Food, Alcohol and Tobacco. Unit Labor Costs and Compensation are Per Employee.
Source: Haver, National Sources
March 25, 2011
EURO AREA
Harmonized Index of Consumer Prices
4 4
3 3
Feb
2 2.4 2
Feb
1 1 1.1
0 0
-1 -1
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
4 4
3 3
2 2 Feb
1.6
1 1
Feb
0 0.1 0
-1 -1
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
EURO AREA
Producer Price Index
0 0
-5 -5
-10 -10
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
5 5
Jan
Jan 2.2
0 1.3 0
-5 -5
-10 -10
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
EURO AREA
Employment and Wages
10.5 30
Jan
9.9 20
9.5
10
8.5 Jan
0 0.2
7.5 -10
6.5 -20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
-2
1 Q3
-3 0.8
-4 0
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Hourly Labor Costs exclude the agriculture, public administration, education and health sectors.
Source: Haver, National Sources
March 25, 2011
EURO AREA
Trade Indicators
100 20
0
0
-20
-100
-40
-200
-60
-300 -80
-400 -100
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
120 -80
100 -100
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
Gross Operating Surplus and Mixed Income
As a percent of nominal GDP
0.40
0.41 Q4
0.38 0.39
0.40 Q4 0.36
0.40
0.34
0.39
0.32
0.38 0.30
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
France Italy
0.36 0.47
0.46
0.35
Q4
0.45 0.45
Q4
0.34 0.34
0.44
0.33 0.43
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
EURO AREA
Financial Flows In and Out of Euro Area (1)
-300
-100
-600
-900 -200
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
0 0
-200
-200
-400
-400 -600
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: Data are from Financial Account and do not include flows affecting domestic reserves.
Source: Haver
March 25, 2011
EURO AREA
Financial Flows In and Out of Euro Area (2)
NOTE: Data are from Financial Account and do not include flows affecting domestic reserves.
Source: Haver
March 25, 2011
EURO AREA
Financial Indicators
3 350
300 Mar 23
2 279.6
250
Mar 200
1
1.00
150
0 100
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
NOTE: Loans are to euro area residents excluding MFIs and general government.
Source: National Sources, Haver
March 25, 2011
EURO AREA
Exchange Rates
1.6 170
1.4
150
1.2
1.0 130
0.8 Mar 24
110 114.4
0.6
0.4 90
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
132 130
125
128
120
124
Mar 24 115
121.7 Dec
120 112.8
110
116 105
112 100
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
2 105
Q4
1.5
100
0
Jan
95 95.1
-2
90
-4 85
-6 80
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
GERMANY
Summary Indicators
8 120
4 Q4
4.0 Jan
110
0 108.4
100
-4
-8 90
-12 80
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
11 4
10 3
Feb
9 2 2.2
8 1
7 0
Jan
6.5
6 -1
5 -2
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
ITALY
Summary Indicators
Source: Haver
March 25, 2011
UK
Summary Indicators
4
100
2 Q4
1.5
0 95
Jan
-2 91.7
90
-4
85
-6
-8 80
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
4.5 0
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Source: Haver
March 25, 2011
CANADA
Summary Indicators
6 15
10
4 Q4 Dec
3.2 5 5.9
2
0
0
-5
-2
-10
-4 -15
-6 -20
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
4
9
3
8 Feb Feb
2 2.2
7.8
7 1
0
6
-1
5 -2
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
0 110
-4
105
-8
-12 100
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
6 7
Jan
5.4 6
5
5
4
4
Feb
3 3.6
3
2 2
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
125
1.6
115 1.4
105 1.2
1.0
95
0.8
85 Mar 24 0.6
80.9
75 0.4
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
0.75
1.3
0.70
0.65 1.2
Mar 24
0.60 0.62
0.55 1.1
0.50
1.0 Mar 24
0.45 0.98
0.40 0.9
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
86
87
82
78 82
74
77 Feb
76.8
70 Mar 24
69.1
66 72
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
132 120
Mar 22
110 110.4
128
100
124
Mar 24 90
121.7
120
80
116 70
112 60
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
6 6
5 5
4 4
Mar 24 Mar 25
3 3.42 3 3.26
2 2
1 1
0 0
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
Japan Canada
7 7
6 6
5 5
4 4
Mar 25
3 3 3.21
2 2
Mar 25
1 1.22 1
0 0
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012
6 6
4 4
2 2
Feb
Feb 1.09
0 0.13 0
-2 -2
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
Japan Canada
8 8
6 6
4 4
2 2
Feb
Feb 1.19
0 0.28 0
-2 -2
2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011
NOTE: 3-month Treasury Bill Rate; EU - 3-month euribor; JP - 3-month Yen rate; CA - 3-month finance paper rate.
Source: National Sources, Board of Governers.
March 25, 2011
STOCK MARKET INDICES
Monthly Average
1800
15100
1600 Mar 24
1400 14029
13100
1200
1000 11100
Mar 25
800 857
9100
600
400 7100
2006 2007 2008 2009 2010 2011 2012 2006 2007 2008 2009 2010 2011 2012