| Today's Economy
Economic Roundup: U.S. Construction Spending Slips Weakness in the multifamily segment offset the progress in single-family construction. LatAm Daily Briefing: The Brazil Cost A web of overlapping taxes, regulations and labor protections push the average cost of Brazilian manufactured goods some 15% higher than in the rest of Latin America. Will Anyone be Satisfied With Euro Zone HICP? Inflation eased in February, but details offer little excitement. Europe Daily Briefing: Euro Zone Inflation Eases, but Not Much A March interest rate cut by the central bank is assured, but little else; Starmer promotes a "coalition of the willing" on Ukraine. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Slumps and Spikes Confidence dropped in February, while the most recent trade data showed a sharp increase in imports. Europe Chartbook: Employment Sentiment Gets Shaky The euro zone's employment expectations indicator weakened in February. U.K. Housing Market: First-Time Buyer Outlook Demand has picked up, but hurdles to homeownership remain high. Japan’s Economy Can’t Shake the Gloom The run of data since the start of the year has disappointed. » VIEW MORE COMMENTARY
Today's Economic Indicators
Hong Kong SAR (China)
Retail Sales
Jan. 2025: -3.2% y/y
Hong Kong started 2025 with a whimper, with the January print showing retail sales falling 3.2% year over year in value terms. Austria
GDP
2024Q4: -0.4% q/q
Austrian GDP contracted 0.4% q/q in the fourth quarter, following a 0.3% decline in the third. Euro Zone
Preliminary Consumer Price Index
Feb. 2025: 2.4% y/y
According to preliminary estimates, the euro zone’s HICP inflation rate edged down to 2.4% y/y in February from 2.5% in January. Chile
Monthly Economic Activity Indicator
Jan. 2025: 2.5% y/y
Chilean economic activity moderated at the start of the year to a growth rate more consistent with production capacity, after a significant rebound at the end of last year. United States
Construction Spending (C30)
Jan. 2025: -0.2% m/m
Construction spending in the U.S. was estimated at a seasonally adjusted annualized rate of $2.193 trillion in January. World
Moody's Analytics Survey of Business Confidence
February 28: 26.2
Global business sentiment remains steadfastly upbeat. United States
ISM Manufacturing Index
Feb. 2025: 50.3
U.S. manufacturing activity expanded again in February after contracting for 26 straight months. United States
Vehicle Sales - BEA
Feb. 2025:
Peru
Consumer Price Index
Feb. 2025: 1.48% y/y
Inflation in the Lima metropolitan area, a barometer of price pressures at the national level in Peru, rose 1.5% year on year in February, falling further below the midpoint of the central bank's 1% to 3% target. South Korea
Industrial Production
Jan. 2025:
South Korea
Retail Sales
Jan. 2025:
Japan
Employment Situation
Jan. 2025:
Australia
Retail Sales
Jan. 2025:
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