Saturday, March 14, 2009

Economic Week in Review 14 Mar

March 9-13
  • International Trade report reflected improvement only due to decreasing oil imports.  
  • Retail Sales better than expected in Feb and the Jan figure was revised higher.
  • EIA Petroleum report data was mixed- Current Inventory Levels are at a 3 year high             
  • IEA Monthly Oil Market report revealed: Global Oil Supply in Feb estimate 83.9 mb/d- Forecast Global Oil Demand '09 84.4 mb/d    
  • Notable Economic Reports for the Week of March 16-20 include: OPEC announcement, Treasury International Capital (TIC) data, industrial production, housing starts, PPI/CPI, and  FOMC Announcement.