Today's Economy

U.S. equity markets fell significantly Monday as investors consider diminishing growth prospects.

Consumers started the year on a strong foot, with retail sales continuing to make up for ground lost in the first half of last year.

Despite the better production figures, the country's nominal trade balance suffered in January.

Consumer prices fell for the first time in 13 months; producer prices clocked their 29th retreat.

Commentary

January’s acceleration was mainly driven by energy.

Policy uncertainty is among the top risks facing the U.S. economy.

Payroll growth undershot expectations in February but remained solid.

February's CPI report is likely to bring the year-ago inflation rate down from 3% to 2.9%.

Today's Economic Indicators

Denmark
Consumer Price Index
Feb. 2025: 2% y/y
Inflation in Denmark jumped to 2% in February, the highest in nine months, from the previous month's 1.5% rise.

Norway
Consumer Price Index
Feb. 2025: 3.6% y/y
Norway’s CPI inflation rate accelerated sharply in February to 3.6% y/y from 2.3% in January.

Germany
Industrial Production
Jan. 2025: 2.0% m/m
Industrial production increased 2% in January compared with the previous month, rebounding from December's revised 1.5% decline.

World
Moody's Analytics Survey of Business Confidence
March 07: 26.4
Global businesses are upbeat, as their broad assessments of current business conditions and expectations of conditions through this summer are especially positive.

United States
Semiconductor Billings
Jan. 2025: -1.1%
Worldwide semiconductor billings stumbled to start the year, falling 1.1% in January from December when taken as a three-month moving average.

Japan
GDP
2024Q4: