Today's Economy Economic Roundup: Q1 GDP Incoming We look for real GDP to have grown 0.5% annualized in the first quarter, weighed down by a pre-tariff import surge and softer consumption. Final Thoughts Ahead of U.S. Q1 GDP The Moody’s Analytics high-frequency model’s final run puts growth at an anemic 0.5%. Europe Daily Briefing: Weighed Down Euro zone economic sentiment reflected Liberation Day gloom with larger losses across more tariff-exposed countries. LatAm Daily Briefing: Colombia's Unremarkable Growth Above-target inflation has prevented the central bank from easing more aggressively, which has hindered consumption and investment. » VIEW MORE TODAY'S ECONOMY
Commentary Shifting U.S. Job Market Winners Switching jobs is less beneficial as job openings shrink, and better-qualified workers are doing better. The Impact of Tariffs on U.S. Industries Manufacturing and cyclical industries will take the largest hit. U.S. Employment Outlook: On the Precipice? The unemployment rate will rise to a peak of 4.9% by the end of 2026 compared with the prior forecast’s peak of 4.4%. U.K. Chartbook: Green Shoots Look Fragile The economy's unexpectedly strong start to 2025 is unlikely to last. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain GDP 2025Q1: 0.6% q/q In Spain, the preliminary estimate for GDP growth in the first quarter of 2025 came in slightly below expectations. Euro Zone Business and Consumer Sentiment Apr. 2025: 93.6 The euro zone’s economic sentiment indicator fell to 93.6 in April from 95 in March, marking its lowest reading in four months. Belgium Consumer Price Index Apr. 2025: 2.6% y/y Belgium’s CPI inflation dropped to 2.6% y/y in April from 2.9% in March. United States Advance Wholesale and Retail Inventories Mar. 2025: 0.5% m/m According to the advance estimate, wholesale inventories rose 0.5% in March, following an increase in the prior month. United States International Trade in Goods - Advanced Mar. 2025: -$162.0 bil The international trade deficit widened to $162 billion in March, $14.1 billion larger than in February. United States S&P CoreLogic Case-Shiller® Home Price Indexes Feb. 2025: 4.5 % y/y U.S. house prices rose 3.9% from a year ago in February, according to the S&P CoreLogic Case-Shiller Home Price Index. United States FHFA Purchase-Only House Price Index Feb. 2025: 3.9% y/y The Federal Housing Finance Agency Purchase-Only House Price Index was up 3.9% in February on a year-ago basis. Chile Employment Mar. 2025: 8.7% The Chilean labor market took a step back in the first quarter amid still-weak economic growth and growing uncertainty about the global economy. United States Job Openings and Labor Turnover Survey Mar. 2025: 7,192 ths The March Job Openings and Labor Turnover Survey confirms that labor market growth is still moderating. United States Conference Board Consumer Confidence Apr. 2025: 86.0 Consumer confidence plummeted in April to a five-year low. United States Texas Service Sector Outlook Survey Apr. 2025: 3.8 Service sector activity in Texas continues to grow at a slow pace, but the outlook has worsened. Chile Monetary Policy Apr. 2025: South Korea Industrial Production Mar. 2025: South Korea Retail Sales Mar. 2025: Japan Industrial Production Mar. 2025: Philippines Foreign Trade Mar. 2025: China Manufacturing PMI Apr. 2025: Australia Consumer Price Index Mar. 2025: » VIEW MORE ECONOMIC INDICATORS |