| Today's Economy
Economic Roundup: All Eyes on the U.S. Labor Market We expect job growth to moderate slowly throughout 2025. Europe Daily Briefing: Cuts, Cuts, Cuts The Bank of England cut the policy rate while forecasting weaker growth and higher inflation. LatAm Daily Briefing: Mexico’s Lackluster End to 2024 2025 is getting off to a shaky start after 2024’s fourth-quarter underperformance. Final Thoughts Ahead of January U.S. Employment We look for the economy to have added 150,000 jobs on net in the first month of 2025. » VIEW MORE TODAY'S ECONOMY
Commentary
Egypt Outlook: Brighter Times Ahead Sizeable foreign exchange inflows have improved the country’s external position, but the debt situation remains challenging. Scandinavia Outlook: Better Days Ahead Sweden, Norway, Denmark and Finland should expect growth in 2025. Building Dreams or Barriers? The Effect of Tariffs on Housing Tariffs on imports from Canada, Mexico and China could significantly impact the U.S. housing market. Gaming Gas in 2025 Europe's natural gas reserves are likely sufficient for the year, but the market remains tight. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Retail Sales
Dec. 2024: -0.2% m/m
The euro zone’s retail sales fell 0.2% month on month in December, following no growth in November. United Kingdom
Monetary Policy and Minutes
Feb. 2025: 4.5%
The Bank of England cut the policy rate by 25 basis points at its February meeting to 4.5%, consistent with our baseline and financial market expectations. United States
Challenger Report
Jan. 2025: 49,795
Job cut announcements rose to 49,795 in January, a 38% increase from December but down about 40% from January 2024. United States
Jobless Claims
February 01: 219,000
Initial claims for unemployment insurance in the U.S. rose in the week ended February 1 but remain quite low. United States
Productivity and Costs
2024Q4: 1.2%, q/q, SAAR
In the closing quarter of 2024, U.S. labor productivity increased 1.2% annualized, according to the Bureau of Labor Statistics’ preliminary estimate. Canada
Purchasing Managers' Index
Jan. 2025: 47.1
In January, the Ivey Purchasing Managers’ Index dropped below the neutral threshold for the first time since August. United States
St. Louis Fed Financial Stress Index
January 31: -0.76
The St. United States
MBA Delinquency Rates
2024Q4:
United States
NAR Metro Prices
2024Q4: 4.8% y/y
According to the National Association of Realtors, the median price of an existing single-family home climbed 4.8% from a year ago. United States
Natural Gas Storage Report
January 31: -174 bil cubic feet
Last week’s monster decline in natural gas inventories surpassed analyst predictions, which could contribute to slightly higher gas prices. Mexico
Monetary Policy
Feb. 2025: 9.50%
The Bank of Mexico deepened and accelerated the monetary relaxation during the first meeting of the year by prescribing a larger rate cut. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Jan. 2025:
Philippines
Industrial Production
Dec. 2024:
Malaysia
Industrial Production
Dec. 2024:
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