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Ipreo Global ECM Review: The Week Ended February 17, 2017

Ipreo Global ECM Review: The Week Ended February 17, 2017

In U.S. economic news, January’s PPI grew 0.6%, besting forecasts of a 0.3% increase, while core PPI increased 0.4%, surpassing consensus estimates of 0.2%. Elsewhere, retail sales for January gained 0.4%, topping estimates of 0.1%, while retail sales ex-auto rose 0.8% in January, above estimates of 0.4%.  Additinoally, retail sales in the U.K. reported a drop of 0.3% for the month of January, above the 2.1% decline seen in December, yet below consensus estimates of a 1.0% gain. Finally, Singapore’s GDP jumped a seasonally-adjusted 12.3% in the fourth quarter, reversing course from the 0.4% drop seen in the third quarter, and surpassing previous estimates of a 9.1% expansion.