United States. Gross Domestic Product Percent change over year-ago level. Industrial Production Index, 2010=100. Unemployment Rate Percent

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1 United States Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010= Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change 2.2

2 United States Output Indicators GDP Growth Annualized Percentage Change Industrial Production Annualized Percentage Change 8.4 GDP Growth Industrial Production

3 United States Contribution to Change in GDP (1) Personal Consumption Expenditures Percentage points Investment and Inventories Percentage points Net Exports of Goods and Services Percentage points Government Consumption and Investment Percentage points NOTE: All of the above are seasonally adjusted data at annual rates in real dollars. Analytics

4 United States Contribution to Change in GDP (2) Fixed Investment Percentage points Inventories Percentage points Imports Percentage points Exports Percentage points NOTE: All of the above are seasonally adjusted data at annual rates in real dollars. Analytics

5 United States Growth Indicators Leading Indicators Composite Index 2010 = Institute for Supply Management PMI and NMI Composite Indexes Manu. Non-Manu Real Personal Disposable Income, Chained 2005 Dollars Real Personal Consumption Expenditures 2.7 ; Leading Indicators Composite Index Source: The Conference Board

6 General Conditions for Manufacturing Diffusion Index United States ISM Diffusion Index Current Production/Activity Diffusion Index Manu. Non-Manu New Orders Diffusion Index Manu. Non-Manu Employment Diffusion Index Manu. Non-Manu

7 United States Manufacturers' Shipments Durable Goods Billions of dollars Nondefense Capital Goods Billions of dollars Total Excl. Aircraft Motor Vehicles and Parts Billions of dollars Computer and Electronic Products Billions of dollars 28.2 NOTE: Seasonally adjusted

8 United States Housing Indicators Prices Case-Shiller Core Logic New Single Family Housing Millions of Units Starts Sales Dec Existing Single Family Home Sales Millions of Units Residential Investment Percentage Point Contribution to GDP Growth NOTE: Core Logic price data exclude distressed sales

9 United States Price and Cost Indicators Consumer Prices Overall CPI Core CPI Personal Consumption Expenditure Overall PCE Core PCE Compensation per Hour and Unit Labor Cost Compensation Unit Labor Cost Employment Cost Index Wages Benefits NOTE: Unit Labor Cost and Compensation are from the Nonfarm Business Sector.

10 United States Consumer Price Index Total Total Excluding Food and Energy Commodities excluding Food and Energy Services excluding Energy 2.59

11 United States Employment Unemployment Rate Percent Unemployment, Whole Economy Non-Farm Payroll Employment Hours Worked: Private Non-Farm Payrolls 2.5

12 Corporate Profits Percent of Nominal GDP United States Corporate Profits Corporate Profits: Payments Abroad Percent of Nominal GDP Q Q Corporate Profits: Domestic Industries Percent of Nominal GDP Corporate Profits: Receipts from Abroad Percent of Nominal GDP Q Q NOTE: Corporate profits include inventory valuation and capital consumption adjustments. Total profits equal domestic industries plus receipts from abroad minus payments abroad.

13 United States Trade Indicators Goods and Services SA, Bil.$ Imports Exports Current Account Balance SAAR, Bill.$ Q3-402 Trade Balance SA, Bil.$ Net Export Contribution to Real GDP SAAR, percent , Bureau of Economic Analysis/U.S. Census.

14 United States Gross Saving and Investment as a Percent of Nominal GDP Private Saving and Investment Saving and Investment Private Saving Private Domestic Investment Q Saving Domestic Investment 19.9 Q Government Saving and Investment Saving Gap and Net Foreign Investment Government Saving Government Investment 3.2 Q Saving Gap Net Foreign Investment Q3-2.0 Q3-2.1 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.

15 United States Financial Indicators Short-Term and Long-Term Interest Rates 3-month Treasury Bill Rate, 10-year Treasury Yield Short Long Mar Mar Bank Credit C&I Loans RE Loans Monetary Policy Federal Funds Rate (Effective) Mar Stock Market Index Standard & Poor's 500 Composite 2717 NOTE: C&I Loans equals Commercial and Industrial Loans. RE Loans equals Real Estate Loans.

16 Dollar-Euro Exchange Rates United States Exchange Rates Yen per Dollar Dollars per Euro Euros per Dollar Nominal Effective Exchange Rate Major Currency Index, 2010=100 Narrow Broad Real Effective Exchange Rate Major Currency Index, 2010=100 Narrow Broad Mar Source: Board of Governors, J.P. Morgan, Wall Street Journal

17 Japan Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010= Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change

18 Japan Output Indicators GDP Growth Annualized Percentage Change Industrial Production Annualized Percentage Change GDP Growth Industrial Production

19 Japan Contribution to Change in GDP (1) Private Consumption Expenditures Percentage points Investment and Inventories Percentage points Net Exports of Goods and Services Percentage points Government Consumption Expenditures Percentage points

20 Japan Contribution to Change in GDP (2) Fixed Investment Percentage points Inventories Percentage points Imports Percentage points Exports Percentage points

21 Japan Growth Indicators Tankan Survey Headline - Large Manufacturers Manufacturing Producers' Shipments Core Machinery Orders Retail Sales Index Annualized Percentage Change Source: National Sources

22 Japan Tankan Survey Results Business Conditions: Large, Manufacturing Net Percentage 'Favorable' responses Actual Forecast 25.0 Q Business Conditions: Large, Non-Manufacturing Net Percentage 'Favorable' responses Actual Forecast 23.0 Q Corporate Finance: Financial Position, Large Diffusion Index of 'Easy' minus 'Tight' Lending Attitude: Large Financial Enterprises Diffusion index of 'Accommodative' minus 'Severe' 27.0 Source: National Sources

23 Japan Consumer Price Index Total Core ex. Fresh Foods ex. Food and Energy Goods Services NOTE: CPI ex. Food and Energy excludes food, beverages, and energy but includes alcoholic beverages Source: Ministry of Internal Affairs and Communications.

24 Japan Employment and Wages Unemployment Rate Percent Unemployment, Job Seekers Employment (NSA) Monthly Cash Earnings Dec 0.5 Source: National Sources

25 Japan Trade Indicators Trade and Current Account Balances In Billions of Dollars, SAAR TB CAB Merchandise Imports Volumes Values Merchandise Trade In Billions of Dollars, SA Imports Exports Merchandise Exports Volumes Values

26 Japan PMI & Output Composite PMI Manufacturing Output PMI Manufacturing Services Construction Activity Index Dec 3.5

27 Japan Financial Indicators Short-Term and Long-Term Interest Rates 1-month LIBOR Rate Rate, 10-year Government Bond Rate Short Long Mar Mar Money Growth Percent change over year-ago levels M2 + CD Base Monetary Policy Uncollateralized Overnight Call Rate Mar Stock Market Index Tokyo Stock Exchange Topix 1716 Source: National Sources

28 Japan Exchange Rates Yen per Dollar Nominal Effective Exchange Rate Broad Index, 2010= Yen per Euro Real Effective Exchange Rate Broad Index, 2010=

29 Gross Domestic Product Percent change over year-ago level Euro Area Summary Indicators Industrial Production Index, 2010= Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change

30 Euro Area Output Indicators GDP Growth Annualized Quarterly Percentage Change Industrial Production Annualized Quarterly Percentage Change GDP Growth Quarterly Industrial Production Monthly

31 Private Consumption Expenditures Percentage points Euro Area Contribution to Change in GDP (1) Investment and Inventories Percentage points Net Exports of Goods and Services Percentage points Government Consumption Expenditures Percentage points

32 Fixed Investment Percentage points Euro Area Contribution to Change in GDP (2) Inventories Percentage points Imports Percentage points Exports Percentage points

33 Consumer Confidence Percentage Balance Euro Area Growth Indicators Business Climate Index Standard Deviation Points Mar Economic Sentiment Index Long-Term Average = Business Confidence Percentage Balance Industry Services

34 Total Percentage Balance Euro Area Industrial Confidence Indicators Order Books Percentage Balance Stocks of Finished Products Percentage Balance Production Expectations Percentage Balance

35 Euro Area Retail Sales and Turnover Retail Trade excl. Autos Volume, 2010=100 Car Registrations Thousands of Units Manufacturing Turnover: Domestic 2010=100 Dec Manufacturing Turnover: Foreign 2010=100 Intra-Euro Area Extra-Euro Area Dec Dec NOTE: Above charts are seasonally adjusted

36 Euro Area Price and Cost Indicators Consumer Prices Overall CPI Core CPI Producer Prices Percent Change over Year-Ago Level PPI PPI (Cons.Goods) Unit Labor Costs and Compensation Unit Labor Cost Compensation Import Prices - Manufactured Products Dec 1.5 NOTE: Core CPI excludes Energy, Food, Alcohol and Tobacco. Unit Labor Costs and Compensation are Per Employee., National Sources

37 Total HICP Euro Area Harmonized Index of Consumer Prices Total excluding Energy and Unprocessed Food Goods excluding Energy, Food, Alcohol and Tobacco Services

38 Harmonized Unemployment Rate Percent Euro Area Employment and Wages Harmonized Unemployment, Whole Economy Employment in the Whole Economy Compensation per Employee , National Sources

39 Euro Area Trade Indicators Trade and Current Account Balances In Billions of Dollars, SAAR TB CAB Dec Total Exports Volumes Values 23.5 Dec Total Imports and Exports In Billions of Dollars, SA Exports Imports Total Imports Volumes Values 20.9 Dec 5.2

40 Composite PMI Euro Area PMI & Output Manufacturing Output PMI Manufacturing Services Construction Output

41 Euro Area Financial Indicators month Euro Market Rate, 10-year German Bond Yield Short-Term and Long-Term Interest Rates Short Long 0.6 Mar Money and Credit Growth M3 Loans Monetary Policy ECB Refinancing Rate Stock Market Index Euro-Stoxx, Overall NOTE: Loans are to euro area residents excluding MFIs and general government. Source: National Sources, Haver

42 Dollars per Euro Euro Area Exchange Rates Yen per Euro Nominal Effective Exchange Rate Narrow Index, 2010=100 Real Effective Exchange Rate Narrow Index, 2010= Source: National Sources

43 France Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010= Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change

44 Germany Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010= Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change 1.2

45 Italy Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010= Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change

46 United Kingdom Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010= Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change Nov

47 Canada Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010=100 Dec Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change

48 Mexico Summary Indicators Gross Domestic Product Percent change over year-ago level Industrial Production Index, 2010= Urban Unemployment Rate Percent Consumer Price Index 12-Month Percentage Change Source: National Sources

49 U.S. Dollar Against Foreign Currencies Yen per Dollar Euros per Dollar and Dollars per Euro Euros per Dollar Dollars per Euro Pound per Dollar Canadian Dollar per Dollar 1.31 Source: Wall Street Journal

50 U.S. dollar (nominal) Major Currencies Index - 7 Currencies Effective Exchange Rates Index, 2010=100 U.S. dollar (real) Major Currencies Index - 26 Currencies Mar Euro area euro (nominal) ECB Narrow Index - 12 Currencies Japanese yen (nominal) Major Currencies Index - 26 Currencies Source: Board of Governors, National Sources, J.P. Morgan

51 United States International Long-Term Interest Rates Percent Euro Area Japan Canada Mar Mar NOTE: Yields on government bonds with maturities of ten years or longer. Source: National Sources, Board of Governors

52 Short-Term Interest Rates Percent United States 3-month Treasury Bill Rate Euro Area EU - 3-month euribor Mar Japan 1-month LIBOR Rate Rate Canada CA - 3-month finance paper rate Mar Mar Source: National Sources, Board of Governers.

53 Stock Market Indices United States: SP500 EU: Euro-Stoxx Japan: Topix Canada: S&P/TSX Composite Index , Financial Times

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