| Today's Economy
Economic Roundup: Leading Indicators Soften Although a recession is not imminent, risks are heightened. U.S. High-Frequency GDP Update: Slipping First-quarter growth slid to 0.8% in the latest run of our model. Europe Daily Briefing: Holding Still Bank of England and Sweden’s Riksbank leave rates unchanged; the British unemployment rate is unchanged. Asia-Pacific Daily Briefing: Kiwi Economy Takes Off December-quarter GDP grew nearly 0.7% q/q. » VIEW MORE TODAY'S ECONOMY
Commentary
U.K. Housing Market Report 2025Q1 Easing affordability pressures will allow house prices to rise modestly this year. Chile’s Policy-Induced Expansion Puts the Economy at Risk Premature monetary policy neutrality could widen macroeconomic imbalances. Merz's "Whatever It Takes" Package Passes in the Bundestag Fiscal impetus is expected to push the German economy out of a multiyear stagnation. Inflation Fear As U.S. consumers begin to worry that inflation could reach 2022 levels, confidence slips, but spending holds up. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Feb. 2025: MYR12.6 bil
Malaysia’s trade surplus was MYR12.6 billion in February, jumping from an upwardly revised MYR3.7 billion in January. Switzerland
Monetary Policy
Mar. 2025: 0.25%
The Swiss National Bank lowered its monetary policy rate by 25 basis points to 0.25% at its March 20 meeting. Sweden
Monetary Policy
Mar. 2025: 2.25%
Sweden’s Riksbank held its policy interest rate, the one-week repo rate, at 2.25% at its March 20 meeting. United Kingdom
Unemployment
Jan. 2025: 4.4%
The U.K.'s unemployment rate for the three months ended in January was 4.4%, unchanged from the previous period but up 0.3 percentage point from the same period in the previous year. Hong Kong SAR (China)
Consumer Price Index
Feb. 2025: 1.4% y/y
Hong Kong's headline composite consumer price index rose 1.4% year over year in February, a fall of 0.6 percentage point from the prior month’s reading of 2%. United Kingdom
Monetary Policy and Minutes
Mar. 2025: 4.5%
The Bank of England kept the policy rate unchanged at 4.5% at its March meeting, in line with our baseline and financial market expectations. Canada
Industrial Product and Raw Materials Price Indexes
Feb. 2025: 0.4% m/m
In February, the Industrial Product Price Index rose 0.4%, its fifth consecutive monthly increase. United States
Philadelphia Fed Survey
Mar. 2025: 12.5
Factory activity expanded at a solid clip in March, according to the latest Manufacturing Business Outlook Survey from the Philly Fed. United States
Current Account
2024Q4: -$303.9 bil
The U.S. current account deficit narrowed slightly to $303.9 billion in the fourth quarter of 2024, a $6.4 billion (2%) reduction from the revised third-quarter deficit of $310.3 billion. United States
Jobless Claims
March 15: 223,000
U.S. initial claims for unemployment insurance are holding steady. United States
Existing-Home Sales
Feb. 2025: 4.26 mil, SAAR
Existing-home sales increased in February, climbing 4.2% over the month to a seasonally adjusted annual rate of 4.26 million. United States
St. Louis Fed Financial Stress Index
March 14: -0.23
The St. United States
Conference Board Leading Indicators
Feb. 2025: -0.3%
The Conference Board Leading Economic Index declined 0.3% in February, following a 0.2% contraction in January. United States
Natural Gas Storage Report
March 14: 9 bil cubic feet
The first natural gas stock build of the year exceeded analyst expectations, which is likely to put some downward pressure on high gas prices. Argentina
Employment Situation
2024Q4: 6.4% Unemployment
Argentina’s labor market showed positive signs in late 2024 amid an improving macroeconomic environment. Uruguay
GDP
2024Q4: 3.5% y/y
The Uruguayan economy recorded a strong growth of 3.5% in the last quarter of 2024, resulting in an overall growth rate of 3.1% for the year. New Zealand
Foreign Trade
Feb. 2025:
Japan
Consumer Price Index
Feb. 2025:
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