| Today's Economy
Economic Roundup: Weekly Jobless Claims Remain Low UI claims ticked up in the week ended January 18 but remain in a tight, and historically low, band. Europe Daily Briefing: Gloomy Days Business confidence in France remains plagued by weak manufacturing, while the Continent awaits details on U.S. tariffs. Asia-Pacific Daily Briefing: South Korean Economy Barely Grows in Q4 The economy grew just 2% in 2024. Economic Roundup: A Few More Mortgages After jumping 33% in the previous week, mortgage activity ticked only slightly higher in the week ended January 17. » VIEW MORE TODAY'S ECONOMY
Commentary
Central and Eastern Europe Outlook: Multiple Risks to Manage Below-potential growth in Central and Eastern Europe will outperform the euro zone, but the region faces multiple risks. U.K. Chartbook: Growth Grinds to a Halt The government's push to revitalise the economy has so far fallen flat. Global Outlook: What to Expect in 2025 From a tariff war to a strong dollar, Trump’s reelection upped the challenges facing the global economy. Trump Signs a Flurry of Executive Orders After his inaugural address, the new U.S. president signed 46 executive orders and rescinded 78 orders and memoranda signed by his predecessor. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Consumer Price Index
Dec. 2024: 1.6% y/y
Price increases in Singapore came in slightly cooler than expected. Taiwan (China)
Industrial Production
Dec. 2024: 20% y/y
Taiwan's industrial production increased 20% in December from a year earlier. Norway
Monetary Policy
Jan. 2025: 4.5%
The Norges Bank held its sight deposit rate unchanged at 4.5% at its January meeting. Canada
Retail Trade
Nov. 2024: 0.0% m/m
Retail sales went unchanged in November after increasing 0.6% in October, reaching C$67.6 billion. United States
Jobless Claims
January 18: 223,000
Weekly claims for unemployment insurance in the U.S. ticked up modestly in the week ended January 18. United States
St. Louis Fed Financial Stress Index
January 17: -0.82
The St. United States
Natural Gas Storage Report
January 17: -223 bil cubic feet
Last week’s decline in natural gas storage fell short of analyst predictions. United States
Kansas City Fed Manufacturing Survey
Jan. 2025: -5
Factory activity at Tenth District manufacturers declined in January, according to the Kansas City Fed’s Manufacturing Survey. United States
Oil Inventories
January 17: 411.7 mil barrels
Commercial crude oil inventories fell by 2 million barrels in the week ended January 10, a larger draw than the 1.1 million barrels the consensus forecast. Argentina
Economic Activity Indicator
Nov. 2024: 0.1% y/y
The statistics office’s monthly economic output index (a proxy for GDP) increased 0.1% year on year in November after falling 0.6% in the previous month. Japan
Consumer Price Index
Dec. 2024:
Philippines
Foreign Trade
Dec. 2024:
Japan
Monetary Policy
Jan. 2025:
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