Economy.com: Daily Update
| Wednesday, February 26, 2025 |
| Today's Economy
Economic Roundup: New-Home Sales Slide In January, sales headed lower, down 10.5% from the prior month. Europe Daily Briefing: German Households' Gloom Marches On GfK forecasts worse consumer confidence in March. Asia-Pacific Daily Briefing: Aussie CPI Validates RBA's Caution The fight against inflation is not yet won. Economic Roundup: Down Goes Consumer Confidence The Conference Board’s consumer confidence index plummeted in February, as inflation expectations surged to a near two-year high. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Energy Outlook: From the Top on Down We expect the price of Brent to average $76 per barrel in 2025, down from $80 in 2024. U.S. Employment Outlook: New Year, New Data Policy changes could profoundly impact the labor market. U.S. Auto Credit Market Feels Winter Chill, but Better Weather Awaits Demand for auto loans softened through the fourth quarter of 2024. U.S. Credit Outlook: Balancing Act Mortgage delinquency rates are expected to rise modestly but stabilize near 2019 levels. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Industrial Production
Jan. 2025: 9.1% y/y
Singapore's factory output climbed 9.1% y/y in January, beating our and the consensus forecast. Thailand
Monetary Policy
Feb. 2025: 2%
Against our expectations, the Bank of Thailand’s Monetary Policy Committee voted to cut the key policy rate by 25 basis points at its February meeting. Taiwan (China)
GDP
2024Q4: 1.6% q/q
Taiwan’s GDP rose 1.6% q/q in the December quarter, significantly revised from the initial estimate of 0.5%. United States
MBA Mortgage Applications Survey
February 21: -1.2%
Mortgage applications remained largely unchanged last week, with the composite index of mortgage applications from the Mortgage Bankers Association edging down 1.2% in the week ending February 21. World
Moody's Analytics Global HPI
2024Q4: 2.9% y/y
The Moody’s Analytics global house price index increased 2.9% y/y in the fourth quarter of 2024, reaccelerating from a 2.7% increase in the third quarter. United States
New-Home Sales
Jan. 2025: 657,000 SAAR
New-home sales slid to start the year. United States
Oil Inventories
February 21: 430.2 mil barrels
Commercial crude oil inventories fell by 2.3 million barrels in the week ended February 21 after the consensus expected a build of 1.7 million barrels. Argentina
Retail Sales Index
Dec. 2024: 121.5% y/y
The index that tracks nominal sales at shopping centers across the country’s large urban centers increased 121.5% year on year in December. » VIEW MORE ECONOMIC INDICATORS |
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