| Today's Economy
Economic Roundup: New York Factories Are Wary While the top-line general business conditions index increased, forward-looking metrics darkened. Europe Daily Briefing: Questionable Improvements Euro zone industrial production and banking data were a mixed bag. ECB Preview: We No Longer Expect a Pause The U.S. announcement of reciprocal tariffs will push the central bank to cut the deposit rate this week. LatAm Daily Briefing: Argentina Gets Fresh IMF Funding The new $20 billion loan allowed the government to dismantle most capital controls, a pressing issue. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Road to Recession: Rising Uncertainty While forward-looking indicators have fallen, the real economy appears to be holding up. Euro Zone Risk Matrix: Awaiting Clarity on Tariffs While we do not forecast further market disorder, the situation could change quickly. U.S. Chartbook: Uncertainty Is the Name of the Game Bond yields pressed higher even as the White House issued a 90-day pause on reciprocal tariffs. Assessing the Threat to Europe From Chinese Dumping Any hit to European producers could be offset by a boost to consumers from lower prices. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Consumer Price Index
Mar. 2025: 0.8% y/y
France’s CPI inflation rate increased 0.8% year over year in March, the same as in February. United Kingdom
Unemployment
Feb. 2025: 4.4%
The latest batch of U.K. labour market data points to a gradual weakening, with unemployment edging higher in the three months to February and the preliminary estimate of payrolled employment falling sharply in March. Euro Zone
Industrial Production
Feb. 2025: 1.1% m/m
The euro zone’s industrial production expanded 1.1% m/m in February, adding to a 0.6% rise in January. Canada
Housing Starts
Mar. 2025: 214 ths
Canada's housing starts experienced a notable decrease in March. Canada
Consumer Price Index
Mar. 2025: 2.3% y/y
The Canadian economy experienced disinflation in March, with the consumer price index rising 2.3% year over year, down from a 2.6% increase in February. Canada
Survey of Manufacturing
Feb. 2025: 0.2% m/m
In February, total manufacturing sales edged up 0.2% to $72.9 billion, the fifth consecutive monthly increase. India
Consumer Price Index
Mar. 2025: 3.34% y/y
In March, India’s consumer price index rose 3.3% year over year, down from 3.6% in the prior month. United States
Import and Export Prices
Mar. 2025: -0.1 % m/m
Imports were cheaper than expected in March as the U.S. import price index dropped 0.1% following a (revised) 0.2% rise in February. United States
NY Empire State Manufacturing Survey
Apr. 2025: -8.1
Like many of their counterparts, manufacturers in New York have adopted an increasingly dark view of the economy. World
Moody's Analytics Global GDP
2024Q4: 3.2% q/q SAAR
Global GDP growth accelerated in the fourth quarter. United States
Cox Automotive/Moody’s Analytics Vehicle Affordability Index
Mar. 2025: 36.7 weeks, NSA
New vehicle affordability improved in March. Colombia
Industrial Production
Feb. 2025: -1.2% y/y
Manufacturing output fell 1.2% year on year in February after growing 1.8% in the previous month. Peru
Unemployment
Mar. 2025:
Japan
Machinery Orders
Feb. 2025:
China
Fixed-Asset Investment
Mar. 2025:
China
GDP
2025Q1:
China
Industrial Production
Mar. 2025:
China
Retail Sales
Mar. 2025:
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