Weekly Global Economic Data and its Impact
Updated on: 13th April 2024
India: CPI
India Fx Reserves $Bn
US CPI (YoY)
EUROZONE Core CPI (YoY)
The graph presents the year-over-year Eurozone core inflation trend, demonstrating a continuous decrease over an eight-month stretch, culminating in the lowest rate since early 2022. This data is vital for analysts tracking economic stability and forecasting financial markets in the region, offering insights into consumer price movements and central bank policy implications.
The chart displays the Eurozone Consumer Price Index (CPI) Inflation and Core CPI Inflation, illustrating a peak in inflation rates around November 2022. BOE increased interest rates which has successfully led to the softening of inflation gradually.Â
In February 2024, the Euro Area’s annual inflation rate was 2.6%, above the ECB’s 2% goal. Energy prices fell by 3.7%, while food, alcohol, and tobacco costs rose by 3.9%, and non-energy industrial goods by 1.6%. Services inflation remained at 4.0%. The core inflation rate, which excludes food and energy, was 3.1%. Monthly, consumer prices went up by 0.6% after January’s 0.4% decline.
This decrease in inflation has also risen the probabilities of a rate cut. While most policymakers favor a rate cut in June, some suggest April. Hawks like Schnabel and Lagarde warn against early cuts due to inflation concerns, advocating for a cautious approach to achieve the 2% target. Conversely, dovish members call for earlier cuts, pointing to significant disinflation and the risk of falling short of the inflation goal. The market is split, with a 50% probability assigned to an April rate reduction, indicating a disconnect with some ECB officials.
Eurozone Core CPI YoY
Eurozone CPI Inflation
India – GDP
India Fx Reserves $Bn
Eurozone Core CPI (YoY)
Eurozone CPI (YoY)
Inflation Rate
US Core CPI MoM
US Core CPI YoY
US CPI MoM
US CPI (YoY)
India: CPI
India Fx Reserves $Bn
India Fx Reserves $Bn
U.K. Interest Rate
Eurozone CPI (YoY)
India FX Reserves $Bn
 US Jobless Claims
 US Core CPI YoY
 US CPI MoM
 US CPI YoY
 U.K. Inflation Rate
 India FX Reserves $Bn
 Exports, Imports & Trade Deficit
India WPI
India Industrial Production & PMI
US CPI MoM
US CPI YoY
India: CPI
US CPI vs Core CPI YoY
Inflation – US & Other Countries
US Core CPI YoY
India Fx Reserves $Bn
India Goverment Bond 10Y
India Fx Reserves $Bn
India: GDP
Eurozone Core CPI (YoY)
Eurozone CPI (YoY)
FX Reserves $Bn
India FX Reserves $Bn
Eurozone CPI (YoY)
US Fed Balance Sheet
Exports, Imports & Trade Deficit(USD Bn)
India: CPI
India FX Reserves $Bn
US Core CPI MoM
US Core CPI YoY
US CPI MoM
US CPI YoY
India CPI YoY
Germany CPI YoY
US Fed Balance Sheet
India Interest Rate
Current Account Deficit
India FX Reserves $Bn
Eurozone Core CPI (YoY)
Eurozone CPI (YoY)
US Jobless Claims
India FX Reserves $Bn
The Foreign Exchange Reserves in India decreased to 593.04 Bn in Sep 16Â from 593.90 Bn in the previous week.
U.K. Interest Rate
The Interest Rate in the UK is expected to be 5.25% by the end of this quarter.
Federal Reserve issues FOMC statement
The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks.
Released on:- September 20, 2023
By:- The Federal Reserve System
To read the entire document tap on the link:- https://www.federalreserve.gov/newsevents/pressreleases/monetary20230920a.htm
The FOMC has nullified any hopes of rate cuts in the medium-term, which also means an inverted yield curve over a longer horizon. The inversion in the yield curve does not bode well for the economy and keeps open the possibility of a sharp recession.
US Interest Rate
The Interest Rate in the United States is expected to be 5.50% by the end of this quarter.
European Consumer Price Index (CPI) YoY- July 2023
GDP of Mexico- 2023
Interest Rate- July 2023
The Mexico Interest Rate Data is released from January 2015- July 2023. You can refer to it here.
CPI Index- July 2023
The Mexico CPI Index Data is released from January 2015- July 2023. You can refer to it here.
EUROZONE Interest Rate
India WPI
US Core CPI MoM
US CPI MoM
US Core CPI YoY
US CPI YoY
India: CPI
India FX Reserves $Bn
JAPAN GDP Growth Rate
EUROZONE GDP YoY
Australia GDP
US Unemployement Rate
US Non Farm Payrolls
Eurozone Core CPI (YoY)
EUROZONE Unemployement Rate
Eurozone CPI Inflation%
US: GDP
Germany CPI YoY
India Fx Reserves $Bn
US Jobless Claims
U.S. Building Permits
India Fx Reserves $Bn
US Building Permits
India: CPI
India WPI
Exports, Imports & Trade Deficit(USD Bn)
India FX Reserves $Bn
U.S. PPI (MoM)
U.K. GDP Annual Growth Rate
US Core CPI MoM
US Core CPI YoY
US CPI MoM
US CPI YoY
India- Interest Rate
China CPIÂ
Germany CPI YoY
India FX Reserves $Bn
US Non Farm Payrolls
US Unemployement Rate
U.K. Interest Rate
Inflation – US & Other Countries
EUROZONE Unemployement Rate
Australia Interest Rate
Eurozone GDP YoY
Eurozone CPI (YoY)
India FX Reserves $Bn
US: GDP
US Jobless Claims
EUROZONE Interest Rate
US Interest Rate
US Building Permits
India FX Reserves $Bn
US Jobless Claims
Australian Unemployement Rate
US Building Permits
Eurozone Core CPI (YoY)
U.K. Inflation Rate
Eurozone CPI (YoY)
Exports,Imports & Trade Deficit (USD Bn)
US CPI YoY
India Industrial Production (YoY)
India: CPI
US Unemployement Rate
US Non Farm PayrollsÂ
India FX Reserves $Bn
Germany CPI (YoY)
India CPI (YoY)
India’s annual rettail inflation eased to 5.88% in November of 2022, the lowest reading since December last year, and well below market forecasts of 6.4%
India FX Reserves $Bn
Foreign Exchange Reserves in India increased to 561.16 Bn in December 02 from 550.14 Bn in the previous week.
US Jobless Claims
The number of Americans filing new claims for unemployment benefits edged higher by 4K to 230K in the week ending December 3rd, matching market expectations.
Japan GDP Growth Rate
The Gross Domestic Product (GDP) in Japan expanded 1.80 percent in the third quarter of 2022 over the same quarter of the previous year.
EUROZONE GDP YoY
The Reserve Bank of India raised its key repo rate by 35 bps to 6.25% during its December meeting, the fifth rate hike in a row, amid slowing inflation due to moderation in food prices, as widely expected.
India: Interest Rate
The Reserve Bank of India raised its key repo rate by 35 bps to 6.25% during its December meeting, the fifth rate hike in a row, amid slowing inflation due to moderation in food prices, as widely expected.
Non Farm Payrolls in (000)
The US economy unexpected added 263k jobs in November of 2022, beating market forecasts of 200k, and following an upwardly revised 284k in October
US Unemployment Rate
The unemployment rate in the US was unchanged at 3.7% in November 2022, matching market expectations and remaining close to September’s 29-month low of 3.5%.
India FX Resrves $Bn
Foreign Exchange Reserves in India increased to 550.14 Bn in November 25 from 547.25 Bn in the previous week.
US Jobless Claims
Initial Jobless Claims in the United States decreased to 225 thousand in the week ending November 26 of 2022 from 241 thousand in the previous week.
India FX Reserves $Bn
Foreign Exchange Reserves in India increased to 547.25 Bn in November 18 from 544.72 Bn in the previous week.
UK Interest Rate
The Bank of England voted by a majority of 7-2 to raise interest rates by 75 bps to 3% during its November meeting, the largest rate hike since 1989, increasing the cost of borrowing to the highest level since late-2008
Eurozone Unemployment Rate
The unemployment rate in Euro Area edged down to 6.6% in September of 2022 from a an upwardly revised 6.7% in the prior month, equaling the record low hit in July
US Interest Rate
The Federal Reserve raised the target range for the federal funds rate by 75bps to 3.75%-4% during its November 2022 meeting. It marks a sixth consecutive rate hike and the fourth straight three-quarter point increase, pushing borrowing costs to a new high since 2008.
Germany Unemployment Change
The seasonally adjusted number of unemployed people in Germany rose by 8 thousand from the previous month to 2.518 million in October 2022, below expectations of a 15 thousand addition.
US ISM Manufacturing PMI
The ISM Manufacturing PMI fell to 50.2 in October of 2022 from 50.9 in September, pointing to the slowest growth in factory activity since the contraction in mid 2020
US JOLTs Job Openings
The number of job openings in the United States rose by 437,000 to 10.72 million in September 2022, partially offsetting a sharp decline in August and easily beating market expectations of 10.0 million.
Eurozone Core CPI (YoY)
Core Inflation rate in Euro area which excludes prices for energy, food, alcohol & tobacco increased to a fresh record high of 5% in October of 2022 from 4.8% in September. Figures compare with market expectations of 4.9%
Eurozone GDP (YoY)
Annual inflation rate in the Euro Area continued to break record high levels and jumped to 10.7% in October of 2022 from 9.9% in September. Figures came higher than market forecasts of 10.2%, preliminary estimates showed.
EuroZone CPI (YoY)
Annual inflation rate in the Euro Area continued to break record high levels and jumped to 10.7% in October of 2022 from 9.9% in September. Figures came higher than market forecasts of 10.2%, preliminary estimates showed.
US GDP Growth Rate
The US economy grew an annualized 2.6% on quarter in Q3 2022, beating forecasts of a 2.4% rise and rebounding from a contraction in the first half of the year.
UK CPI(YoY)
The annual Inflation in the UK rose to 10.1% in Sepemeber of 2022 from 9.9% in August, returning to the 40 year high hit in July and surassing market expectations of 10% rate.
US Eurozone CPI(YoY)
The Eurozone Annual Inflation rate was revised down to 9.9% in September 2022 from a preliminary estimate of 10%. Still, it was the highest rate since comarable records began in 1991, as the euro hit a 20-year low and the bloc’s energy crisis deepened
US Jobless Claims
The number of Americans filing new claims for unemployment benefits rose by 29,000 to 219.000 in the week that ended October 1st, jumping from the five-month low hit in the prior week and sharply above expectations of 203,000, suggesting some loosening in labor market conditions.
Exports, Imports & Trade Deficits(USD Bn)
Trade deficit continues to be above 25 bn mark at 26.7 bn.
India FX Reserves $Bn
Foreign Exchange Reserves in India decreased to 537.52 Bn in September 23 from 545.65 Bn in the previous week.
EUROZONE CPI (YoY)
Annual inflation rate in the Euro Area jumped to 10% in September of 2022 from 9.1% in August, reaching double-digits for the first time ever, preliminary estimates showed
US Jobless Claims
The number of Americans filing new claims for unemployment benefits fell by 16,000 to 193,000 in the week that ended September 24, the lowest since the end of April and well below market expectations of 215,000.
US GDP Growth Rate
The US economy contracted an annualized 0.6% on quarter in Q2 2022, matching the second estimate, and confirming the economy technically entered a recession, following a 1.6% drop in Q1.
India FX Reserves $Bn
Foreign Exchange Reserves in India decreased to 545.65 Bn on September 16 from 550.87 Bn in the previous week.
Read Also: Indian Rupee: A Weaker Quater Ahead
US Jobless Claims
In the week ending September 17, the advance figure for seasonally adjusted initial claims was 213,000, an increase of 5,000 from the previous week’s revised level. The previous week’s level was revised down by 5,000 from 213,000 to 208,000.
US Interest Rate
The Fed raised the federal funds rate by 75 bps to the 3%-3.25% range during its September meeting, the third straight three-quarter point increase and pushing borrowing costs to the highest since 2008.
US Existing Home Sales
Existing home sales in the US edged 0.4% lower to a seasonally adjusted annual rate of 4.8 million in August of 2022, the lowest reading since May of 2020, and following a downwardly revised 5.7% drop in July.
Dollar Index
The dollar index approached 111 on Wednesday, the highest level since June of 2002, amid flight to safety as the war in Ukraine is set to escalate after President Putin announced a partial military mobilization in Russia while investors await the FOMC decision later in the day The Federal Reserve is expected to deliver another outsized interest rate hike of 75bps and signal a strong commitment to bringing down inflation. The central bank will also release quarterly projections for inflation, the economy, and the future path of interest rates, with markets betting interest rates will rise further this year and next.
US Building Permits
Building permits in US, a proxy for future construction, tumbled 10% to an annualized rate of 1.517 million in August of 2022, well below market expectations of 1.61 million.
ALSO READ