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: » VIEW MORE ECONOMIC INDICATORS |