| Today's Economy
Economic Roundup: Natural Gas Prices Rising Could prices north of $4 per million BTUs be here to stay? LatAm Daily Briefing: Uruguay Central Bank Raises Rates One of the bank's main challenges is its credibility, as participants in the Survey of Inflation Expectations have consistently predicted higher inflation than the bank's targets. Europe Daily Briefing: Tariffs Incoming? The U.S. president's speech points to new tariff announcements on 2 April. Flat Production, Rising Exports Lift U.S. Natural Gas Prices Could prices north of $4 per million BTUs be here to stay? » VIEW MORE TODAY'S ECONOMY
Commentary
Federal Government Support to Lift Farm Incomes The USDA's initial farm income forecast for 2025 paints a complex picture of U.S. agriculture. Mexico and the Trump Tariff Endgame Trump looks for Mexico and Canada to get tougher on China. Latin America Risks Monetary Policy Error Decisions based on the output gap may lead central banks astray. U.K. Chartbook: The Bank of England’s Dilemma Weak growth and above-target inflation leave the central bank with a tricky balancing act. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Consumer Price Index
Feb. 2025: 0.3%
Switzerland’s CPI inflation rate eased further in February to 0.3% y/y from 0.4% in January. France
Industrial Production
Jan. 2025: -0.6% m/m
France's industrial production fell 0.6% month on month in January following a downwardly revised 0.5% drop in December. Italy
GDP
2024Q4: 0.1% q/q
Italy's GDP grew by 0.1% quarter over quarter in the fourth quarter of 2024, slightly above ISTAT’s preliminary estimate of a flat reading. Italy
Retail Sales
Jan. 2025: -0.4% m/m
In January, Italy’s retail sales fell by 0.4% month over month as sales of food and nonfood were down by 0.3% and 0.5%, respectively. United States
MBA Mortgage Applications Survey
February 28: 20.4%
The easing of mortgage rates has encouraged substantial increases in mortgage activity, the largest growth in six weeks. United States
ISM Nonmanufacturing Index
Feb. 2025: 53.5
The U.S. services sector expanded for the eighth straight month in February. United States
Factory Orders (M3)
Jan. 2025: 1.7% m/m
U.S. factory orders jumped 1.7% in the first month of 2025. United States
Oil Inventories
February 28: 433.8 mil barrels
Commercial crude oil inventories rose by 3.6 million barrels in the week ended February 28, a larger build than the 200,000 barrels the consensus predicted. Uruguay
Consumer Price Index
Feb. 2025: 5.10% y/y
Uruguay's annual inflation rate remained stable in February despite a decrease in the monthly rate. United States
Beige Book
Mar. 2025:
U.S. economic activity rose slightly from mid-January through the end of February, according to the Federal Reserve’s March Beige Book. South Korea
Consumer Price Index
Feb. 2025:
Australia
Foreign Trade
Jan. 2025:
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