| Today's Economy
Economic Roundup: Fewer Layoffs in December According to the Challenger report, layoffs ticked lower in the final month of 2024. LatAm Daily Briefing: Defenses Against U.S. Tariffs The affected countries have ways to mitigate the tariffs’ harmful effects. Europe Daily Briefing: Unsteady Footing Germany’s industry sees a rebound but is unlikely to maintain the momentum. Final Thoughts Ahead of December U.S. Employment We look for the economy to have added 175,000 jobs, on net, in December. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Household Debt Tracker: Improvement, Inch by Inch Consumer credit performance has improved in recent months, with the total delinquency rate backtracking from the four-year high reached in September. Germany Outlook: Struggling to Regain Momentum Soft growth, a weakening labour market, and policy uncertainty shape 2025 prospects. U.S. Labor Supply and Demand Near Equilibrium The market faces 2025 with solid labor force gains and slowed hiring. U.K. Outlook: Post-Budget Gloom Set to Fade Fiscal expansion will help drive stronger growth this year, but downside risks abound. » VIEW MORE COMMENTARY
Today's Economic Indicators
Taiwan (China)
Foreign Trade
Dec. 2024: US$6.1 bil
Taiwan’s trade surplus surprisingly fell to $6.1 billion in December from $7.9 billion in November. Germany
Industrial Production
Nov. 2024: 1.5% m/m
Industrial production rebounded by 1.5% in November compared with the previous month, driven by gains in energy production, construction, and transport equipment manufacturing. Euro Zone
Retail Sales
Nov. 2024: 0.1% m/m
The euro zone’s retail sales rose 0.1% month on month in November, following a 0.3% decline in October. Mexico
Consumer Price Index
Dec. 2024: 4.21% y/y
Annual inflation adjusted down slightly at the end of the year, mainly benefiting from the base effect since consumer prices reported a rebound from the previous month. Brazil
Retail Sales Index
Nov. 2024: 4.7% y/y
Retail consumption expanded in November as spending advanced solidly with the employment recovery in construction and services. United States
Challenger Report
Dec. 2024: 38,792
U.S.-based employers announced 38,792 job cuts in December, a 33% decrease from the previous month and well below the historical average for the final month of the year. United States
St. Louis Fed Financial Stress Index
January 03: -0.63
The St. United States
Natural Gas Storage Report
January 03: -40 bil cubic feet
Last week’s decline in natural gas stocks fell slightly short of analyst predictions, typically a negative for natural gas prices. Colombia
Consumer Price Index
Dec. 2024:
Malaysia
Industrial Production
Nov. 2024:
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