Today's Economy Economic Roundup: On the Rise Upside risks to inflation are increasing, according to Fed policymakers. Europe Daily Briefing: Scraping the Barrel Euro zone sentiment has soured more than expected. Asia-Pacific Daily Briefing: Aussie Inflation Print Means Interest Rates Won't Move in Feb Headline inflation rose to 2.4% y/y in November, but underlying inflation eased to 3.2%. Economic Roundup: U.S. Growth Tracks at 3% Our high-frequency GDP model points to solid growth in the final quarter of 2024. » VIEW MORE TODAY'S ECONOMY
Commentary Germany Outlook: Struggling to Regain Momentum Soft growth, a weakening labour market, and policy uncertainty shape 2025 prospects. U.S. Labor Supply and Demand Near Equilibrium The market faces 2025 with solid labor force gains and slowed hiring. U.K. Outlook: Post-Budget Gloom Set to Fade Fiscal expansion will help drive stronger growth this year, but downside risks abound. The Netherlands Outlook: Sustaining Growth in Uncertain Times The economy is expected to move forward, but growth will be subdued due to weak external demand. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Retail Sales Nov. 2024: -0.6% m/m In November, German retail sales slipped 0.6% from October in both real and nominal terms, even after adjusting for calendar and seasonal effects, yet showed a 2.5% and 3.5% year-on-year increase, respectively. Euro Zone Business and Consumer Sentiment Dec. 2024: 93.7 The euro zone’s economic sentiment indicator fell to 93.7 in December from 95.8 in November, a much larger decrease than our expectations. Chile Consumer Price Index Dec. 2024: 4.53% y/y Chile’s inflation ended the year on the rise and well above the target’s upper limit as the base effect played unfavorably. Chile Foreign Trade Dec. 2024: US$2,390.4 mil Chile closed out the year with its second-largest trade surplus since the start of 2023. United States MBA Mortgage Applications Survey January 03: -3.7% High mortgage rates and persistent affordability challenges continue to weigh on the housing market. Brazil Industrial Production Nov. 2024: 2.5% y/y Brazil's national industry expanded in November at a more moderate pace, fueled by the manufacturing recovery and infrastructure construction. United States Jobless Claims January 04: 201,000 U.S. initial claims for unemployment insurance continue to move in the right direction. United States Moody's Analytics Used Vehicle Price Indexes Dec. 2024: -1.53 % y/y The Moody's Analytics Used-Vehicle Sales Price Market Index recorded a year-over-year decrease of 1.53% in December. United States Wholesale Trade (MWTR) Nov. 2024: -0.2% m/m Wholesale inventories slid by 0.2% in November after holding flat in the previous month. United States Oil Inventories January 03: 414.6 mil barrels Commercial crude oil inventories fell by 1 million barrels in the week ended January 3, on par with consensus expectations. United States FOMC Minutes Dec. 2024: According to minutes from December’s Federal Open Market Committee meeting, Fed policymakers see inflation risks on the rise and are ready to slow the pace of rate cuts. Argentina Industrial Production - Advance Nov. 2024: -1.7% y/y Industrial output shrank by 1.7% in November compared with the previous year, following a 1.9% decline in October. United States Consumer Credit (G19) Nov. 2024: $-7.5 bil The stock of consumer credit outstanding fell by $7.5 billion in November, well below consensus expectations for a $10.5 billion gain. Australia Foreign Trade Nov. 2024: Australia Retail Sales Nov. 2024: China Consumer Price Index Dec. 2024: China Producer Price Index Dec. 2024: » VIEW MORE ECONOMIC INDICATORS |