Economic Analysis

TD Economics provides analysis of economic performance and the implications for investors. The analysis covers the globe, with emphasis on North America.

Data Commentaries

February 27, 2015

February 26, 2015
  • U.S. Consumer Price Index – Download (101k PDF)
February 24, 2015
  • Fed Chair Janet Yellen Testimony to Congress – Download (101k PDF)
February 24, 2015
  • U.S. Consumer Confidence – Download (101k PDF)
February 23, 2015
  • U.S. Existing Home Sales – Download (103k PDF)
February 18, 2015
  • U.S. FOMC Minutes – Download (44k PDF)
February 18, 2015
  • U.S. Housing Starts – Download (40k PDF)
February 12, 2015
  • U.S. Retail Sales – Download (101k PDF)
February 10, 2015
  • NFIB Small Business Optimism Index – Download (100k PDF)
February 6, 2015
  • U.S. Employment – Download (101k PDF)
February 5, 2015
  • U.S. International Trade Balance – Download (41k PDF)
February 4, 2015
  • U.S. ISM Non-Manufacturing Index – Download (103k PDF)
February 3, 2015
  • U.S. Vehicle Sales – Download (40k PDF)
February 2, 2015
  • U.S. ISM Manufacturing Index – Download (101k PDF)
February 2, 2015
  • U.S. Personal Income and Spending – Download (101k PDF)
January 28, 2015
  • U.S. FOMC Statement – Download (42k PDF)
January 27, 2015
  • U.S. State Employment Monitor – Download (210k PDF)
January 14, 2015
  • U.S. Federal Reserve Beige Book – Download (43k PDF)
April 25, 2014
  • U.S. GDP by Industry – Download (106k PDF)

Regular Publications

February 27, 2015

  • The Weekly Bottom Line – Download (389k PDF)
January 26, 2015
  • Economic Forecast Update – Global and U.S. Outlook Update – Download (358k PDF)
December 18, 2014
  • U.S. Quarterly State Forecast – U.S. Economic Outlook – Download (403k PDF)
December 17, 2014
  • Quarterly Economic Forecast – U.S. Economic Outlook – Download (364k PDF)

Special Reports/Observations

February 25, 2015

  • Extension Of Greece's Bailout Program – Download (180k PDF)
February 25, 2015
  • Conditions Are Ripe For American Consumers To Lead Economic Growth – Download (323k PDF)
February 24, 2015
  • The New Normal: Low Rates In Advanced Economies For The Long Run – Download (323k PDF)
February 17, 2015
  • Eurogroup Finance Ministers Meeting – Download (42k PDF)
February 10, 2015
  • The Jersey Comeback: Elusive So Far, But Not Out Of Reach – Download (332k PDF)
February 10, 2015
  • Greece Cannot Be Allowed To Leave The Euro – Download (230k PDF)
January 30, 2015
  • U.S. Homeownership Rate Still Declining But It May Not Be Bad News – Download (252k PDF)
January 23, 2015
  • Crude Oil Prices: Lower For Longer – Download (261k PDF)
January 9, 2015
  • Assessing The Risks From Russia, Greece And The European Central Bank – Download (287k PDF)
December 9, 2014
  • U.S. State Fiscal Health Update – Download (392k PDF)
December 2, 2014
  • The Impact Of Volunteerism And Charitable Giving – Download (387k PDF)
November 20, 2014
  • Valuing The World Around Us: An Introduction To Natural Capital – Download (477k PDF)
November 5, 2014
  • Latest Bank Of Japan Move Provides A Jolt To Markets – Download (295k PDF)
October 27, 2014
  • U.S. Inflation Limbo - How Low Can It Go? – Download (338.11k PDF)
October 23, 2014
  • The Lost Years: U.S. Business Investment Poised For Better Days – Download (362k PDF)
October 8, 2014
  • The Fed's (Gra)Dual Normalization: Navigating Out Of Uncharted Waters – Download (476k PDF)
September 24, 2014
  • Re-charging the U.S. Labor Market – Download (439k PDF)
September 10, 2014
  • Divergent Views On Neutral Interest Rates – Download (365k PDF)
August 14, 2014
  • Potential To Improve: A Comparison Of Canadian And U.S. Trend Output Growth – Download (416k PDF)
July 29, 2014
  • Latin American Outlook: Seeing The Rain Forest Through The Trees – Download (322k PDF)
July 14, 2014
  • The Federal Reserve's Exit Strategy And The Neutral Level Of Rates – Download (266k PDF)
  • Canada's Job Market No Longer Leading America's – Download (314k PDF)
June 12, 2014
  • US Student Debt A Near-Term Constraint On Homeownership – Download (343k PDF)
May 20, 2014
  • Shadow Banking In America: Back In The Spotlight – Download (314k PDF)
May 15, 2014
  • Housing Suffers a Set Back, But Will Recover – Download (324k PDF)
April 29, 2014
  • Abenomics Scores Some Early Successes But Requires More Time – Download (305k PDF)
  • Crunching U.S. State Tax Numbers – Download (296k PDF)
April 4, 2014
  • Lower Educated Workers Flock Into US Job Market – Download (103k PDF)
April 2, 2014
  • Economic Growth After Recovery: Quantifying The New Normal – Download (434k PDF)
March 4, 2014
  • U.S. Auto Sales Basking In Their Comeback Glow – Download (434k PDF)
February 11, 2014
  • State Finances Improve, But Long-Term Challenges Persist – Download (440k PDF)
February 7, 2014
  • Why The January Payroll Report Was Actually Pretty Good – Download (263k PDF)
February 4, 2014
  • Americans Face Tin-Plated Golden Years – Download (285k PDF)
January 31, 2014
  • Emerging Markets: Cut By The Same Scissors, But Not From The Same Cloth – Download (285k PDF)
January 22, 2014
  • Euro Zone: Financial Calm Should Not Disguise Outstanding Macroeconomic Challenges – Download (355k PDF)
January 21, 2014
  • The Bull Market For Gold Is Firmly In The Rear View Mirror – Download (277k PDF)
January 9, 2013
  • U.S. Housing Recovery: Jobless No More – Download (790k PDF)
December 18, 2013
  • Comparing And Contrasting Canadian And American Consumers – Download (362k PDF)
December 17, 2013
  • Congress To Pass Bipartisan Budget Act of 2013 – Download (222k PDF)
  • The Greening Of New York City: Lessons From The Big Apple – Download (302k PDF)
December 11, 2013
  • The Silent Majority: State And Local Governments Talk Back – Download (204k PDF)
December 4, 2013
  • Don't Judge A Labor Market By Its Unemployment Rate – Download (638k PDF)
November 1, 2013
  • Green Bonds: Victory Bonds For The Environment – Download (377k PDF)
October 24, 2013
  • U.S. Regional Multifamily Housing Outlook – Download (929k PDF)
October 10, 2013
  • U.S. Deficits & Debt: Past, Present & Future – Download (711k PDF)
October 1, 2013
  • The Government Is Shut, But Will Pay Its Bills – Download (617k PDF)
September 4, 2013
  • State Fiscal Planning: Taming Tax Revenue Volatility – Download (862k PDF)
August 29, 2013
  • The Taper Cometh – Download (442k PDF)
August 12, 2013
  • Japan: Abenomics Notwithstanding, Demographic Trends Trump Fiscal Sustainability – Download (791k PDF)
August 6, 2013
  • Will The Fall In Refinancing Pose A Threat To The U.S. Recovery – Download (684k PDF)
July 18, 2013
  • Higher Mortgage Rates Unlikely To Derail Housing Recovery – Download (899k PDF)
June 26, 2013
  • Up, Up, & Away: U.S. Home Price Growth Will Give Way To Rising Supply – Download (625k PDF)
June 13, 2013
  • The Federal Reserve's Exit Strategy: How Will It Unfold – Download (1,068k PDF)
June 11, 2013
  • U.S. Small Business Recovery Ready To Enter A New Phase – Download (736k PDF)
June 6, 2013
  • American Exports In A Multi-Speed World: Full-Steam Ahead Through Choppy Waters – Download (904k PDF)
April 23, 2013
  • Giving It The Old College Try, Assessing The Returns On U.S. Higher Education – Download (924k PDF)
April 9, 2013
  • U.S. Commercial Real Estate To Take Cue From Housing Recovery – Download (739k PDF)
April 8, 2013
  • Goosing U.S. Economic Growth Through Wealth Effects – Download (838k PDF)
March 21, 2013 February 28, 2013
  • America's Debt Woes – Download (650k PDF)
February 5, 2013
  • Is The American Housing Rebound Sustainable? – Download (691k PDF)
January 31, 2013
  • Auto Finance A Bright Spot For U.S. Lenders – Download (80k PDF)
January 29, 2013
  • Assessing The Long Term Cost Of Youth Unemployment – Download (80k PDF)
January 2, 2013
  • U.S. Congress Passes Bill Avoiding Fiscal Cliff – Download (80k PDF)

Get additional research on the global economy, including Canada, Europe, Asia and Latin America.