| Today's Economy
Economic Roundup: Main Street Chafes Amid Heightened Uncertainty The NFIB small business optimism index fell to its lowest since before the U.S. elections. Europe Daily Briefing: Awaiting the Effective Date Reciprocal tariffs on the euro zone will go into effect Wednesday, despite efforts at negotiation. Asia-Pacific Daily Briefing: Philippine Industrial Output Falls The wave of orders to beat U.S. tariff hikes has passed. LatAm Daily Briefing: Panama Struggles to Recapture the Magic Panama will be among the best performers in the region, but growth will cool. » VIEW MORE TODAY'S ECONOMY
Commentary
Trade War Tracker: For What? The April baseline assumes a quicker ramp-up in tariffs, with the U.S. effective rate peaking at 17.5% in the second quarter of 2025. Firms Do Not Like Economic Policy Uncertainty A sustained shock to economic policy uncertainty can weigh on firm investment for as many as two years. Europe Chartbook: German Industry Still Out in the Cold Recent indicators show sector is still weak U.S. Chartbook: What's Going On? The labor market is holding up, but tariffs have started to take their toll elsewhere » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Consumer Price Index
Mar. 2025: 1.0% y/y
Indonesia’s headline CPI rose 1% y/y in March after falling 0.1% in February. Netherlands
Consumer Price Index
Mar. 2025: 3.7% y/y
Dutch headline inflation marginally eased to 3.7% y/y in March from 3.8% in February. Taiwan (China)
Consumer Price Index
Mar. 2025: 2.3% y/y
Taiwan’s consumer price inflation rose 2.3% y/y in March from 1.6% in February. United States
NFIB Small Business Survey
Mar. 2025: 97.4
The NFIB’s Small Business Optimism Index fell 3.3 points to 97.4 in March, the largest decline since June 2022, as Main Street worries about the impact of the Trump administration’s rapid policy shifts. Chile
Consumer Price Index
Mar. 2025: 4.87% y/y
Annual inflation in Chile increased slightly in March. Chile
Foreign Trade
Mar. 2025: US$1,876.7 mil
Chile's March trade surplus was a large one, with high copper prices hoisting the nominal value of exports. Canada
Purchasing Managers' Index
Mar. 2025: 51.3
In March, the Ivey Purchasing Managers’ Index slowed from 55.3 to 51.3. United States
Semiconductor Billings
Feb. 2025: -2.8%
Worldwide semiconductor billings declined 2.8% m/m in February, marking three consecutive months of falling billings when taken as a three-month moving average. South Korea
Employment
Mar. 2025:
Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Mar. 2025:
New Zealand
Monetary Policy
Apr. 2025:
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