| Today's Economy
Economic Roundup: A Telling Week The U.S. economic calendar is jam-packed this week. LatAm Daily Briefing: Central America Near and Far Amid a global trade war, Central American economies have key advantages that could work in their favor. Global Economy Unwrapped Podcast: The Global Trade War Takes a Dark Turn We review the many global ramifications of emerging U.S. tariff policy. Inside Economics Podcast: Shaken, Not Stirred The Moody's Analytics economic team wins an award for forecast accuracy. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: In the Doldrums Consumer and manufacturing sentiment is nearing record lows. Trade War Tracker: Hoping for De-Escalation While economic data mostly reflect the period before “Liberation Day” upheaval, there are growing indications that business activity is grinding to a halt. U.S. Weekly Highlights and Preview, April 25, 2025 Following a robust 228,000 job gain in March, we expect a much softer increase in April. Latin America Weekly Highlights and Preview, April 25, 2025 Demand for Mexican products increased in March in anticipation of U.S. tariffs. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Retail Sales
Mar. 2025: -0.2% m/m
In March, Spain's retail sales, adjusted for seasonal and calendar variations, fell 0.2% compared with the previous month, following a 1.3% increase in February. Spain
Unemployment
2025Q1: 11.4%
Spain’s unemployment rate rose to 11.4% in the first quarter of 2025, a 0.75-percentage point increase from the previous quarter. Hong Kong SAR (China)
Foreign Trade
Mar. 2025: -HKD45.4 bil
Hong Kong’s merchandise trade deficit widened to HKD45.4 billion in March from HKD36.3 billion the prior month. France
Job Seekers
Mar. 2025: 3.19 mil
In March, the number of job seekers in France decreased by 28,500 to 3.19 million. Mexico
Employment Situation
Mar. 2025: 2.2% Unemployment
Mexico’s unemployment declined in March for a second consecutive month, despite the economy’s slowness. Mexico
Trade Balance
Mar. 2025: US$3,442.5 mil
The country’s trade balance remained in positive territory in March as exports increased and imports moderated. India
Industrial Production
Mar. 2025: 3.0% y/y
India’s industrial production rose 3% over the year in March, up a touch from 2.9% in February. World
Moody's Analytics Survey of Business Confidence
April 25: 7.8
Global business confidence remains weak in the wake of so-called “Liberation Day” in early April when President Trump announced broad-based tariff increases on U.S. trading partners. United States
Housing Vacancies & Homeownership
2025Q1: 65.1%
The U.S. homeownership rate inched down from 65.7% to 65.1% in the first quarter of 2025. United States
Texas Manufacturing Outlook Survey
Apr. 2025: -35.8
Although Texas factory production rose at a moderate pace, indicators of the near-term outlook fell sharply. » VIEW MORE ECONOMIC INDICATORS | 
