| Today's Economy
Economic Roundup: U.S. Consumer Engine Keeps Running Retail sales grew at a strong pace for the fourth straight month in December. U.S. Holiday Spending Exceeds Expectations Growth fell short of recent years but was good by pre-pandemic standards. Europe Daily Briefing: One Step Forward After Two Steps Back The U.K. economy continues to stagnate as monthly GDP moves back and forth. LatAm Daily Briefing: Risks to Chile’s Economy in 2025 An overheating economy threatens the nation’s recent recovery. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Risk Matrix: Higher Bond Yields The selloff is counterintuitive given the Fed's easing. Canada Risk Matrix: The Times They Are a-Changin' The country faces U.S. protectionist policies while grappling with political change. U.K. Risk Matrix: Public Finances Look Even More Precarious It is debatable whether the government bond selloff has actually reflected particular concerns about the U.K. as opposed to being driven by global developments. Europe Chartbook: Feeling Blue at Year's End Data looked poor at the end of 2024, but better news is expected later in 2025. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Moody's CMBS Delinquency Tracker
Dec. 2024: 7.50%
The Moody’s CMBS Delinquency Tracker total delinquency rate finished 2024 by rising 31 basis points to 7.50% in December. Germany
Consumer Price Index
Dec. 2024: 2.6% y/y
Inflation reached 2.6% year over year in December, up from 2.2% in November. United Kingdom
Monthly GDP
Nov. 2024: 0.1% m/m
The 0.1% month-on-month rebound in U.K. Italy
Consumer Price Index
Dec. 2024: 1.3% y/y
In December, Italy's headline consumer price inflation held steady at 1.3% year over year, slightly above our forecast of 1.2% due to higher-than-expected energy price inflation. Euro Zone
External Trade
Nov. 2024: €16.4 bil
The euro zone’s not seasonally adjusted nominal trade balance in goods was €16.4 billion in November, down from €18.2 billion in November 2023. Ireland
Consumer Price Index
Dec. 2024: 1.4% y/y
Ireland’s consumer price inflation has continued to rebound from the lows reached in September, coming in at 1.4% in December, up from 0.7% in October and 1% in November. Canada
Housing Starts
Dec. 2024: 231 ths
Canada experienced a 13% decline in monthly housing starts in December, reaching 231,468 units compared with November's 267,140 units. United States
Moody's Analytics Beige Book Index
Jan. 2025: 30.6
The Moody’s Analytics Beige Book Index rose in January to 30.6 from 22.2 in December. United States
Jobless Claims
January 11: 217,000
U.S. initial claims for unemployment insurance remain low and stable. United States
Import and Export Prices
Dec. 2024: 0.1% m/m
U.S. import prices advanced 0.1% in December, the third consecutive month of similar increases. United States
Philadelphia Fed Survey
Jan. 2025: 44.3
Factory activity surged this month. United States
Retail Sales
Dec. 2024: 0.4%, m/m
Top-line retail sales grew at a strong pace for the fourth straight month in December. United States
Business Inventories (MTIS)
Nov. 2024: 0.1% m/m
Business inventories rose 0.1% in November, on par with consensus estimates. United States
NAHB Housing Market Index
Jan. 2025: 47
Homebuilder confidence started 2025 on the right foot, inching up 1 point to 47 in January according to the National Association of Home Builders’ Housing Market Index. United States
St. Louis Fed Financial Stress Index
January 10: -0.8199
The St. World
Moody's Analytics Global CPI
Dec. 2024: 4.3% y/y
The Moody’s Analytics estimate of global CPI inflation was 4.3% y/y in December, unchanged from November. United States
Natural Gas Storage Report
January 10: -258 bil cubic feet
Last week’s decline in natural gas stores accelerated significantly. Singapore
Foreign Trade
Dec. 2024:
China
Fixed-Asset Investment
Dec. 2024:
China
GDP
2024Q4:
China
Industrial Production
Dec. 2024:
China
Retail Sales
Dec. 2024:
Malaysia
GDP
2024Q4:
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