Economy.com: Daily Update
| Friday, February 21, 2025 |
| Today's Economy
Economic Roundup: Looking for Budget Solutions U.S. Senate passes budget resolution as possible shutdown approaches Geopolitical Risk Calendar: U.S. Senate Passes Budget Resolution The coming election puts Germany at a crossroads. Europe Daily Briefing: Trading Places German PMI data take the lead from France. Asia-Pacific Daily Briefing: Kiwi Exporters Feel the Benefit of a Weak Currency Uncertainty abounds with respect to important export markets in 2025. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, February 21, 2025 The Federal Reserve’s preferred inflation metric is expected to come in softer than January’s other inflation measure, the consumer price index. Latin America Weekly Highlights and Preview, February 21, 2025 The coming week will shed further light on the performance of Argentina’s strengthening economy. From Farm to Table: Egg Prices Soar Amid the Avian Flu Outbreak The U.S. outbreak has worsened consistently, and data from the Centers for Disease Control and Prevention show it has impacted over 160 million birds since 2022. Europe Weekly Highlights and Preview, 21 February 2025 The German economy will still look troubled as the final estimate of fourth-quarter GDP is due. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Jan. 2025: 1.7% m/m
The 1.7% month-on-month surge in retail sales in January was a lot stronger than we had expected and suggests that economic growth will pick up in the first quarter. Italy
Consumer Price Index
Jan. 2025: 1.5% y/y
In January, Italy's headline consumer price inflation rose to 1.5% year over year from 1.3% previously, confirming our forecast. Mexico
Economic Activity Index
Dec. 2024: -0.4% y/y
Economic activity ended the year with a prolonged weakness, an event that occurs every six years with the change of administration. Mexico
GDP
2024Q4: 0.5% y/y
Mexico's economy decelerated significantly and entered negative territory in the fourth quarter as the new government started with a limited budget and the private sector remained on standby. Canada
Retail Trade
Dec. 2024: 2.5% m/m
In December, retail sales popped up 2.5% after moving sideways in the month prior, reaching C$69.6 billion. United States
University of Michigan Consumer Sentiment Survey
Feb. 2025: 64.7
The University of Michigan consumer sentiment index remains at a low level. United States
Existing-Home Sales
Jan. 2025: 4.08 mil, SAAR
Existing-home sales declined in January, falling 4.9% to a seasonally adjusted annual rate of 4.08 million units. United States
Quarterly Services Survey
2024Q4: 1.1% q/q
Revenue growth in U.S. service industries slowed in the final quarter of 2024. Peru
GDP
2024Q4: 4.2% y/y
The Peruvian economy outpaced our forecast for the fourth quarter, growing 4.2% year on year. » VIEW MORE ECONOMIC INDICATORS |
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