Today's Economy Economic Roundup: Producer Prices on the Rise Wholesale prices edged higher in January following a stronger-than-expected CPI report. Europe Daily Briefing: U.K.'s Unexpected Pickup GDP grew in the fourth quarter, but underlying performance remains weak. Asia-Pacific Daily Briefing: Indian Inflation Falls More Than Expected in January Industrial production growth slowed to 3.2% y/y in December. Economic Roundup: Hotter Than Expected The consumer price index rose 0.5% in January, its fastest monthly increase since 2023. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Household Debt Tracker: Encouraging Signs Performance improved most for bank and retail cards in January. U.S. Risk Matrix: Global Trade War Close U.S. allies, particularly Canada, have been the target of much of Trump’s protectionist impulse. Uncertain Times A historically high level of uncertainty has been a major factor holding back the euro zone economy. Threats to U.S. Household Income Growth In addition to slower job growth, drivers of investment income also have modest prospects. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands Consumer Price Index Jan. 2025: 3.3% y/y Dutch headline inflation fell sharply to 3.3% y/y in January from 4.1% in December. Philippines Monetary Policy Feb. 2025: 5.75% Bangko Sentral ng Pilipinas kept the overnight reverse repo rate at 5.75% in its first meeting of 2025, in line with our expectations. United Kingdom GDP - Quarterly 2024Q4: 0.1% q/q The 0.1% quarterly rise in GDP in the fourth quarter was marginally better than we had expected and means the U.K. economy has avoided stagnation over the second half of last year. Switzerland Consumer Price Index Jan. 2025: 0.4% Switzerland’s CPI inflation rate fell further in January, down to 0.4% y/y, its lowest since April 2021. Germany Consumer Price Index Jan. 2025: 2.3% y/y Inflation moderated to 2.3% year over year in January, down from 2.6% in December. United Kingdom Monthly GDP Dec. 2024: 0.4% m/m The marginal rise in GDP in the fourth quarter was helped by a strong 0.4% m/m rise in December, which leaves a better-than-expected base for growth going into the start of 2025. Euro Zone Industrial Production Dec. 2024: -1.1% m/m The euro zone’s industrial production slumped 1.1% m/m in December, undoing a 0.4% gain in November. Brazil Retail Sales Index Dec. 2024: 2.0% y/y Brazil’s household consumption moderated at the end of the year as spending lost steam because of monetary tightening and high inflation. United States Jobless Claims February 08: 213,000 U.S. initial claims for unemployment insurance are holding steady. United States Producer Price Index Jan. 2025: 0.4% m/m U.S. producer prices rose 0.4% on the month in January, and December’s figure was revised upward meaningfully. India Foreign Trade Jan. 2025: World Moody's Analytics Global CPI Jan. 2025: 4.4% y/y Our estimate of global CPI inflation increased to 4.4% in January from 4.3% in December. United States St. Louis Fed Financial Stress Index February 07: -0.79 The St. United States Natural Gas Storage Report February 07: -100 bil cubic feet Last week’s decline in natural gas inventories slightly surpassed analyst predictions, which could push up some on gas prices. Argentina Consumer Price Index Jan. 2025: 84.5% y/y The national consumer price index rose 2.2% month on month in January, following a 2.7% increase the previous month and 20.6% a year earlier. South Korea Employment Jan. 2025: » VIEW MORE ECONOMIC INDICATORS |