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Japan’s GDP Growth Rate QoQ rose 0.10% in January 2026, rebounding from December’s -0.60% but missing the 0.50% consensus. The increase from -0.60% to 0.10% signals a return to mild expansion after two quarters of contraction, though growth momentum remains fragile. Market reaction was muted with USDJPY trading in a narrow range and the Bank of Japan maintaining its accommodative policy stance. Updated 2/16/26

Japan’s Gross Domestic Product QoQ for January registered an actual value of 0.00%, missing the consensus estimate of 0.10%. This reading marks a stabilization following December’s contraction of -0.30%, ending two consecutive months of decline but showing no growth momentum. Market participants remain cautious with the Bank of Japan maintaining its current policy stance amid subdued inflation and fragile economic conditions. Updated 2/16/26

US Inflation Rate MoM for January 2026 came in at 0.20%, down from December’s 0.30%. This decline signals a cooling trend in monthly inflation after two consecutive months at 0.30%, aligning with the 12-month average. Markets responded with modest gains as the Federal Reserve remains data-dependent ahead of upcoming inflation reports. Updated 2/13/26

US Inflation Rate YoY for January 2026 came in at 2.40%, matching consensus and down from December’s 2.70%. This 0.30 percentage point decline marks the lowest annual inflation since April 2025, reflecting renewed disinflation driven by softer energy and used vehicle prices. Markets responded with a rally in Treasuries and equities as the Federal Reserve’s 2% target remains a key focus ahead of upcoming policy discussions. Updated 2/13/26

US Core Inflation Rate MoM for January 2026 rose to 0.30%, beating the consensus estimate of 0.20% and up from December’s 0.20%. This increase from 0.20% to 0.30% marks the highest monthly rise since August 2025, indicating persistent underlying price pressures. Markets reacted with higher US Treasury yields and a stronger dollar, while the Federal Reserve maintains a restrictive stance amid ongoing inflation concerns. Updated 2/13/26

The US Core Inflation Rate YoY for January 2026 came in at 2.50%, matching the consensus estimate and down from December’s 2.60%. This decline signals continued disinflation, with the rate falling to its lowest level since March 2021. Markets responded positively, with Treasury yields dipping and equities gaining as investors anticipate the Federal Reserve maintaining its current policy stance. Updated 2/13/26

EU Employment Change QoQ for November 2025 surprised positively, doubling consensus with an actual 0.20% growth, matching October’s pace. This steady 0.20% reading signals ongoing labour market expansion, unchanged from the prior month and above September’s 0.10%, reflecting resilience despite macro headwinds. Looking ahead, the stable momentum supports cautious ECB policy, with markets pricing in steady growth but no immediate rate shifts. Updated 2/13/26

EU Employment Change YoY for January 2026 surprised positively at 0.70%, beating the 0.50% estimate and rising from December’s 0.60%. This 0.10 percentage point increase signals ongoing labor market expansion and a return to the upper range seen in mid-2025. The stronger print supports a cautious ECB stance, likely delaying rate cuts amid resilient employment growth. Updated 2/13/26

US Existing Home Sales for January 2026 missed expectations, coming in at 3.91M versus the 4.20M estimate. This represents an 0.44M decline from December's 4.35M, signaling a contraction in the housing market. The drop may prompt closer scrutiny of monetary policy as slower sales could weigh on economic growth. Updated 2/12/26

The UK Gross Domestic Product YoY for January 2026 came in at 1.00%, missing the 1.20% estimate and down from 1.40% in December 2025, signaling a slowdown in economic growth. This 0.40 percentage point decline suggests a deceleration but still reflects positive expansion compared to contraction territory. Market watchers may anticipate cautious monetary policy adjustments as growth momentum weakens. Updated 2/12/26

UK Gross Domestic Product MoM for January 2026 rose 0.10%, matching expectations but slowing from December’s 0.20% gain. This deceleration from 0.20% to 0.10% signals continued expansion, albeit with reduced momentum compared to prior months. Policymakers are likely to maintain a cautious stance amid persistent inflation risks and muted market reactions. Updated 2/12/26

The UK’s GDP Growth Rate QoQ for December 2025 matched expectations at 0.10%, unchanged from November 2025’s 0.10%, signaling steady but modest economic expansion. This flat growth rate suggests the economy is maintaining a slow pace without acceleration or contraction. Looking ahead, policymakers may continue cautious monetary measures as markets digest this stable but uninspiring growth. Updated 2/12/26

The UK Gross Domestic Product QoQ for January 2026 came in at 0.10%, missing the 0.20% estimate but matching December 2025's 0.10% growth. This steady pace signals continued modest expansion without acceleration from the prior month. Market watchers may anticipate cautious monetary policy as growth remains subdued. Updated 2/12/26

The UK’s GDP Growth Rate YoY for January 2026 came in at 1.00%, missing the 1.20% estimate and down from 1.30% in November 2025, signaling a slowdown in economic expansion. This 0.30 percentage point decline suggests a deceleration but still reflects positive growth above zero. Market watchers may anticipate cautious monetary policy as growth momentum weakens. Updated 2/12/26

The US Unemployment Rate for January 2026 came in at 4.30%, beating the consensus estimate of 4.50% and improving from December’s 4.40%. This 0.10 percentage point decline signals a tentative stabilization in the labor market after several months of rising unemployment, though the rate remains above the 12-month average of 4.27%. Market optimism grew modestly post-release, with expectations that the Fed will maintain a cautious stance on rate cuts amid ongoing macro risks. Updated 2/11/26

The US Non Farm Payrolls for January 2026 surged to 130,000, well above the consensus estimate of 40,000 and December’s 50,000, marking a strong labor market rebound. This 80,000 increase signals robust expansion after two months of subdued gains, underscoring renewed economic momentum. The unexpected strength complicates the Federal Reserve’s easing outlook, likely delaying rate cuts as markets adjust to a “higher for longer” interest rate environment. Updated 2/11/26

China’s Inflation Rate YoY for January 2026 came in at 0.20%, missing the 0.50% estimate and down sharply from December’s 0.80%. This 0.60 percentage point decline signals a contraction in price pressures, reflecting ongoing demand weakness. The subdued inflation print increases expectations for further monetary easing by the PBoC to support growth. Updated 2/11/26

Australia's NAB Business Confidence for January 2026 matched expectations at 3.00, unchanged from December 2025, signaling steady but subdued sentiment. The flat reading following a low of 1.00 in December suggests cautious optimism without clear expansion momentum. Market watchers will likely focus on upcoming policy moves to stimulate growth amid this stable but modest confidence level. Updated 2/10/26

Australia’s Westpac Consumer Confidence Change for January 2026 fell -2.60%, missing the -2.00% estimate and deepening December’s -1.70% decline. This marks a continued contraction in sentiment, well below the 12-month average of -0.20%, signaling persistent household caution amid high borrowing costs and global uncertainties. With the Reserve Bank of Australia maintaining restrictive policy, markets expect subdued consumer spending and limited growth momentum through early 2026. Updated 2/10/26

Canada’s Ivey PMI s.a for January 2026 came in at 50.90, missing the consensus estimate of 51.50 and down from December’s 51.90. This 1.00-point decline signals a slowdown in growth momentum, though the index remains just above the 50 threshold indicating expansion. Looking ahead, persistent macro headwinds and restrictive monetary policy suggest the Bank of Canada will likely maintain a cautious stance, with markets pricing in a moderate chance of easing later in 2026. Updated 2/6/26

The US Michigan Consumer Sentiment for January 2026 surprised with a strong 57.30 reading, beating the 53.00 estimate. This marks a 3.30 point increase from December's 54.00, signaling expanding consumer confidence above the 50 threshold. The upward momentum may influence positive market sentiment and support expectations for sustained economic growth. Updated 2/6/26

Canada’s Unemployment Rate for January 2026 dropped to 6.50%, beating the 6.80% estimate and reversing December’s 6.80% reading. This 0.30 percentage point decline signals renewed labor market strength and contraction in unemployment pressures. The stronger data may delay Bank of Canada rate cuts, supporting the Canadian dollar and equity markets. Updated 2/6/26

Germany’s Balance of Trade for December 2025 surprised to the downside with an actual surplus of 13.10 billion EUR, missing the 16.50 billion estimate and falling from November’s 16.90 billion. This 22.50% month-over-month decline signals a clear contraction in trade momentum amid rising external headwinds. Looking ahead, continued ECB tightening and euro strength may pressure exports further, while fiscal support and easing inflation could provide limited relief. Updated 1/9/26

US JOLTs Job Openings for January 2026 came in at 6.54 million, missing the estimate of 7 million and down from December's 7.15 million. This 0.60 million decline signals a notable cooling in labor demand, suggesting a potential slowdown in job market expansion. Market participants may anticipate a more cautious Federal Reserve stance amid easing hiring pressures. Updated 2/5/26

The EU’s ECB Interest Rate Decision held steady at 2.15% for January 2026, matching both the estimate and the previous month’s rate. This marks the eighth consecutive month without change since June 2025, signaling a continued cautious stance amid disinflation and subdued growth. Looking ahead, markets price in a delayed rate cut, with the ECB maintaining a data-dependent approach amid geopolitical risks. Updated 2/5/26

The EU Deposit Facility Rate for January 2026 held steady at 2.00%, matching December 2025’s level and continuing an eight-month plateau. This unchanged rate from the prior month signals the ECB’s cautious stance amid persistent inflation above target and stabilizing growth. Looking ahead, markets expect the ECB to maintain this steady path with a potential rate cut by late 2026 if disinflation progresses. Updated 2/5/26

The EU Interest Rate Decision for January 2026 held steady at 2.15%, matching both the estimate and the previous month's rate. This marks the eighth consecutive month without change, signaling a continued cautious stance amid persistent inflation and fragile growth. Looking ahead, the ECB is expected to maintain this data-dependent pause, with markets pricing in a “higher for longer” scenario and limited near-term rate moves. Updated 2/5/26

The UK BoE Interest Rate Decision for January 2026 held steady at 3.75%, matching both the consensus estimate and December’s level. This pause follows a series of cuts from 4.75% in late 2024, signaling a cautious stance amid persistent inflation and subdued growth. Market expectations now price in a 60% chance of a further 25bps cut by year-end, reflecting data-dependent policy guidance. Updated 2/5/26

The UK Interest Rate Decision for January 2026 matched expectations at 3.75%, unchanged from December 2025's 3.75%. This steady rate signals a continued cautious stance amid stable economic conditions. Market participants will watch for future moves as inflation and growth data evolve. Updated 2/5/26

Australia’s Balance of Trade for January 2026 came in at 3.37 billion AUD, missing the estimate of 4.90 billion AUD but improving from December’s 2.94 billion AUD. This 0.44 billion AUD increase signals a modest recovery in trade surplus after a contraction in the prior month. Market watchers will likely monitor export demand and commodity prices closely as policymakers assess the trade momentum. Updated 2/5/26

The US ISM Non-Manufacturing PMI for January 2026 came in at 53.80, matching December’s reading and beating the consensus estimate of 53.50. This steady 0.00-point change from December confirms ongoing expansion above the 50 threshold, signaling resilience in the services sector amid balanced macro risks. Looking ahead, the stable PMI supports a cautious Fed stance with no immediate rate cuts expected, while markets favor steady growth and reduced recession fears. Updated 2/5/26

The US ISM Non-Manufacturing Prices for January 2026 surprised to the upside at 66.60, beating the 65.00 consensus and rising from December’s 64.30. This 2.30-point increase signals continued expansion in input costs within the services sector, maintaining inflationary pressures well above the 50 threshold. Looking ahead, persistent elevated prices are likely to delay Fed rate cuts and keep markets cautious on inflation risks. Updated 2/5/26

The US ISM Services PMI for January 2026 came in at 53.80, missing the consensus estimate of 54.30 and down from 54.40 in December 2025, signaling continued but slightly slower expansion in the services sector. This modest decline suggests a cooling pace after a strong end to 2025, though the index remains comfortably above the 50 threshold that separates growth from contraction. Market participants will likely watch upcoming data closely for signs of sustained momentum or further easing, influencing Federal Reserve policy expectations. Updated 2/4/26

Italy’s Inflation Rate YoY for December 2025 matched expectations at 1.20%, up from November’s 1.10%, signaling a modest expansion in price pressures. This steady increase reverses a prior downward trend from the summer peak of 1.60%, reflecting a balanced inflation environment below the ECB’s 2% target. Looking ahead, the stable inflation supports the ECB’s cautious policy stance, with markets pricing in no immediate rate hikes. Updated 1/16/26

EU Inflation Rate YoY for December 2025 came in at 1.90%, missing the 2.00% consensus and down from November’s 2.10%, marking the third consecutive monthly decline and signaling ongoing disinflation. This 0.20 percentage point drop from November confirms broad-based cooling, with inflation now below the ECB’s 2% target for the first time since July 2021. Market expectations have shifted toward earlier ECB rate cuts, reflecting increased bets on monetary easing amid persistent wage pressures and sticky services inflation. Updated 1/19/26

France's Inflation Rate YoY for January 2026 came in at 0.30%, significantly below the 0.70% estimate and down from 0.80% in December 2025. This sharp decline signals a continued easing of inflationary pressures compared to the previous month. Market expectations now lean toward a more accommodative monetary policy stance as inflation cools faster than anticipated. Updated 2/3/26

Australia’s Interest Rate Decision for January 2026 surprised markets by matching the exact actual rate of 3.85%, up from 3.60% in December 2025, marking a 25 basis point hike that signals renewed policy tightening. This increase breaks a seven-month pause and places the rate above the 12-month average of 3.73%, reflecting the central bank’s heightened vigilance on persistent inflation pressures. Looking ahead, markets are pricing in a 40% chance of another hike by mid-2026, with AUD/USD and bond yields reacting sharply to the hawkish shift. Updated 2/3/26

Australia’s RBA Interest Rate Decision for January 2026 surprised markets by matching the estimate at 3.85%, up 25 basis points from December’s 3.60%, signaling a clear end to the easing cycle. This hike reflects renewed inflation vigilance amid persistent price pressures and a resilient labor market, pushing the policy rate above the 12-month average of 3.00%. Market expectations now price a 40% chance of another increase by May, with AUD and bond yields reacting sharply to the hawkish shift. Updated 2/3/26

The US ISM Manufacturing PMI for January 2026 surged to 52.60, sharply beating the consensus estimate of 48.20 and rising from December’s 47.90. This 4.70-point increase signals a return to expansion territory after over a year of contraction, marking a significant inflection in US industrial activity. The stronger-than-expected reading may delay Federal Reserve rate cuts and boost cyclical sectors, with markets already reacting positively to renewed growth momentum. Updated 2/2/26

China's Manufacturing PMI for January 2026 surprised to the downside at 49.40, missing the 50.50 estimate and falling from December's 50.10. This 0.70-point decline signals a contraction in manufacturing activity after a brief expansion. Market watchers will likely anticipate cautious policy measures to support the sector amid ongoing headwinds. Updated 2/2/26

China’s Caixin Manufacturing PMI for January 2026 came in at 50.30, matching consensus and beating December’s 50.10, signaling modest expansion. This 0.20-point increase marks a second consecutive month above 50, indicating stabilization after a volatile late 2025. Market participants will watch for policy moves and external demand shifts to sustain momentum amid ongoing risks. Updated 2/2/26

China’s NBS Manufacturing PMI for January 2026 came in at 49.30, missing the 50.40 consensus and down from December’s 50.10, signaling a return to contraction in the sector. This 0.80-point decline from the prior month highlights weakening manufacturing activity amid subdued domestic and export demand. Looking ahead, policymakers may increase targeted easing efforts to support the fragile recovery, though broad monetary stimulus remains constrained. Updated 1/31/26

The US Producer Price Index MoM for December 2025 surged 0.50%, well above the consensus estimate of 0.20% and November’s 0.20% reading. This sharp acceleration from the prior month signals renewed upstream inflation pressures, marking the fastest monthly gain since August 2025 and indicating expansion in producer prices. The unexpected jump complicates the Federal Reserve’s outlook, likely delaying rate cuts in 2026 as markets adjust to persistent cost pressures. Updated 1/30/26

Germany's Inflation Rate YoY for December 2025 came in at 2.10%, beating the 1.90% estimate and rising from 1.80% in November, signaling a notable uptick in inflationary pressure. This 0.30 percentage point increase suggests a shift toward expansionary inflation dynamics after a period of relative stability. Market participants may now anticipate a more cautious monetary policy stance as inflation trends upward. Updated 1/30/26

Germany’s December 2025 CPI for DE rose to 2.10%, beating the 2.00% estimate and up from November’s 1.80%, signaling a clear inflation rebound. This 0.30 percentage point increase reverses October’s -0.20% contraction and confirms expansionary price pressures above the ECB’s 2% target. The upside surprise is likely to delay ECB rate cuts, prompting volatility in EUR and Bund yields as markets reassess monetary policy. Updated 1/30/26

The EU’s GDP Growth Rate QoQ for December 2025 came in at 0.30%, beating the 0.20% consensus and matching November’s pace. This steady 0.10 percentage point increase from October’s 0.20% signals ongoing expansion above the 12-month average, supporting expectations for a cautious ECB rate cut in mid-2026 amid easing inflation. Market reaction was positive, with the euro and equities gaining on hopes of a soft landing. Updated 1/30/26

The EU’s GDP Growth Rate YoY for December 2025 came in at 1.30%, missing the 1.40% consensus and down from November’s 1.40%. This 0.10 percentage point decline signals a mild deceleration, reflecting ongoing subdued momentum amid tight financial conditions and fiscal consolidation. Looking ahead, markets expect the ECB to maintain a cautious stance with rate cuts delayed until mid-2026 as growth challenges persist. Updated 1/31/26

Germany’s GDP Growth Rate QoQ for December 2025 came in at 0.30%, beating the 0.20% estimate and rebounding from November’s flat 0.00%. This 0.30% increase signals a tentative expansion after a prolonged period of stagnation, marking the strongest quarterly growth since mid-2023. Looking ahead, the ECB’s cautious stance and fading fiscal support suggest growth may moderate, but improved export demand could sustain momentum. Updated 1/30/26

Germany's Gross Domestic Product QoQ for December 2025 surprised with a 0.30% increase, beating the 0.20% estimate and improving from 0.00% in November. This signals a clear expansion in economic activity after a stagnant prior month. The stronger growth may support expectations for continued accommodative policy and bolster market confidence. Updated 1/30/26

Germany’s GDP Growth Rate YoY for December 2025 came in at 0.40%, missing the 0.50% consensus but rising from November’s 0.30%. This marks the third consecutive month of positive growth, signaling a fragile expansion after a prolonged period of stagnation. Market reaction was muted, with policymakers expected to maintain a cautious stance amid ongoing external and structural challenges. Updated 1/31/26

Italy's GDP Growth Rate QoQ for December 2025 surprised with a 0.30% actual, beating the 0.20% estimate. This marks a 0.20 percentage point increase from November's 0.10%, signaling continued economic expansion. The stronger-than-expected growth may support a more optimistic outlook for Italy's economic policy and market confidence. Updated 1/30/26

Italy’s GDP Growth Rate YoY for December 2025 surprised with a 0.80% print, beating the 0.60% consensus and accelerating from November’s 0.60%. This marks the fastest annual expansion since early 2024, signaling a modest but broad-based economic recovery. The stronger growth may prompt the ECB to maintain a cautious policy stance while markets favor Italian equities and the euro amid improved credit conditions. Updated 1/31/26

Spain’s GDP Growth Rate QoQ for December 2025 in ES surprised with an actual 0.80%, beating the 0.60% estimate and November’s 0.60%. This 0.20 percentage point increase signals continued economic expansion and a rebound to the upper end of recent growth trends. Looking ahead, the stronger print may delay ECB rate cuts and support Spanish assets, though inflation risks and fiscal pressures warrant close monitoring. Updated 1/30/26

Spain’s GDP Growth Rate YoY for December 2025 came in at 2.60%, missing the 2.90% estimate and down from November’s 2.80%, signaling a continued economic slowdown. This marks the lowest growth rate in over a year, reflecting contractionary pressures amid tighter financial conditions and persistent inflation. Looking ahead, the ECB is likely to maintain a restrictive policy stance, with markets pricing in potential easing only in the second half of 2026. Updated 1/31/26

France's GDP Growth Rate QoQ for December 2025 matched expectations at 0.20%, down from 0.50% in October 2025, indicating a slowdown in economic expansion. The decline from 0.50% to 0.20% signals a moderation but still reflects positive growth. Market focus will likely shift to policy measures aimed at sustaining momentum amid this deceleration. Updated 1/30/26

France’s GDP Growth Rate YoY for December 2025 matched expectations at 1.10%, up from November’s 0.90%, signaling a clear expansion in economic activity. This 0.20 percentage point increase marks the fastest growth pace in over a year, driven by gains in services and net exports. Looking ahead, the ECB is likely to maintain its cautious stance amid fiscal tightening risks, while markets remain cautiously optimistic. Updated 1/31/26

Japan’s Consumer Confidence for December 2025 came in at 37.20, missing the consensus estimate of 37.80 and down from November’s 37.50. This 0.30-point decline signals a slight pullback in consumer sentiment, though the index remains well below the expansion threshold of 50, reflecting ongoing caution amid inflation and geopolitical risks. Looking ahead, the Bank of Japan is expected to maintain accommodative policy, with consumer confidence likely to fluctuate around current levels as wage growth and external uncertainties shape spending. Updated 1/8/26

The US Fed Interest Rate Decision for November 2025 surprised markets with a cut to 3.75%, matching estimates but down from October’s 4.00%, signaling a shift from tightening to a more accommodative stance. This 25 basis point reduction reflects easing inflation pressures and stable labor market conditions, supporting moderate economic expansion. Looking ahead, the Fed is likely to pause further hikes as inflation trends downward, while markets price in a 60% chance of additional cuts in 2026. Updated 12/10/25

Canada’s BoC Interest Rate Decision for December 2025 held steady at 2.25%, matching expectations and unchanged from October’s 2.25%. This fourth consecutive hold signals a cautious stance amid easing inflation and slowing growth, with core CPI down to 3.10% in November from 3.30% in October. Looking ahead, the BoC is likely to maintain this steady rate through Q1 2026, balancing inflation risks against external uncertainties. Updated 12/10/25

Germany’s Consumer Confidence for November 2025 fell sharply to -26.90, missing estimates of -23.20 and declining from October’s -23.40. This 3.50-point drop signals increased household pessimism and contraction in consumer sentiment, marking the lowest level since April 2025. Looking ahead, persistent inflation and ECB tightening suggest cautious spending, likely weighing on growth and market volatility in early 2026. Updated 12/19/25

Germany’s ZEW Economic Sentiment Index for December 2025 surged to 59.60, significantly beating the 42.00 estimate and rising from November’s 45.80. This 13.80-point increase signals a strong expansion in economic outlook, well above the neutral 50 threshold. The robust sentiment may prompt more optimistic policy stances and bolster market confidence heading into 2026. Updated 1/20/26

The UK Unemployment Rate for December 2025 matched expectations at 5.10%, unchanged from November's 5.10%. This steady rate suggests a stable labor market with no immediate signs of contraction or expansion. Looking ahead, policymakers may maintain current measures as the labor market shows no significant shifts. Updated 1/20/26

UK Employment Change for December 2025 surprised with a strong rebound to 82,000 jobs, sharply reversing November’s -16,000 and beating the consensus estimate of -25,000. This turnaround signals renewed labor market expansion after two months of contraction, though the level remains below the 12-month average of +120,000. The Bank of England may delay rate cuts as this robust gain raises prospects of sustained wage pressures and inflation risks. Updated 1/20/26

Canada’s December 2025 CPI came in at 2.70%, matching consensus and down from November’s 2.80%, signaling a continued easing of inflation pressures. This 0.10 percentage point decline marks the lowest annual inflation since April 2025 and suggests a gradual return toward the Bank of Canada’s 2% target. Market reaction favors a cautious policy pause with rate cuts likely delayed until further disinflation is confirmed. Updated 1/19/26

Canada’s Inflation Rate YoY for December 2025 came in at 2.40%, beating the consensus estimate of 2.10% and rising from November’s 2.20%. This 0.20 percentage point increase signals renewed inflationary pressure, with the rate now above the Bank of Canada’s 2% target midpoint, indicating expansion in price growth. Looking ahead, this upside surprise is likely to delay rate cuts and maintain a hawkish monetary policy stance. Updated 1/19/26

The EU Consumer Price Index (CPI) for December 2025 came in at 129.54, slightly below the consensus estimate of 129.56. This represents a modest 0.20% increase from November’s 129.33, signaling a stable inflation environment without clear expansion or contraction. Market reaction suggests continued ECB patience, with expectations for a cautious monetary policy stance as inflation momentum remains subdued. Updated 1/19/26

China’s Unemployment Rate for December 2025 held steady at 5.10%, matching November’s reading and consensus estimates. This unchanged rate from the prior month signals a labor market plateau amid ongoing structural challenges and subdued cyclical momentum. Looking ahead, policymakers are expected to maintain accommodative measures to support employment stability as 2026 unfolds. Updated 1/19/26

China’s Industrial Production YoY for December 2025 rose 5.20%, beating the 5.00% estimate and accelerating from November’s 4.80%. This 0.40 percentage point increase signals expansion and a rebound after two months of slower growth. Looking ahead, the stronger output supports stable policy expectations and positive market sentiment amid ongoing global uncertainties. Updated 1/19/26

China’s Retail Sales YoY for December 2025 came in at 0.90%, missing the 1.20% estimate and down from November’s 1.30%, signaling a clear deceleration in consumer spending. This sharp slowdown from the prior month confirms a contraction in momentum and highlights persistent caution among households amid ongoing economic headwinds. Market expectations now lean toward intensified fiscal stimulus and continued monetary easing to support demand. Updated 1/19/26

China's GDP Growth Rate YoY for December 2025 came in at 4.50%, slightly beating the 4.40% estimate but down from 4.80% in November, indicating a continued slowdown in economic expansion. This 0.30 percentage point decline signals a moderation in growth momentum, though the economy remains in expansion territory. Policymakers may consider supportive measures to sustain growth amid global uncertainties. Updated 1/19/26

The US Jobless Claims 4-Week Average for December 2025 came in at 205,000, beating the consensus estimate of 215,000 and down from November’s 211,750. This 3.20% month-over-month decline signals a moderating labor market with sustained resilience despite tightening financial conditions. Looking ahead, the data supports expectations of a gradual economic slowdown without sharp layoffs, influencing cautious optimism in monetary policy and market sentiment. Updated 1/15/26

US Initial Jobless Claims for December 2025 came in at 198,000, beating the consensus estimate of 215,000 and down from November’s 208,000. This 4.80% decline signals continued labor market resilience despite tightening financial conditions. Looking ahead, the sustained low claims may keep the Federal Reserve cautious on rate cuts as wage pressures persist. Updated 1/15/26

US Continuing Jobless Claims for December 2025 came in at 1884.00K, slightly below the estimate of 1890.00K and down from November’s 1914.00K. This 1.57% month-over-month decline signals a modest easing in labor market stress, reflecting cautious employer retention amid ongoing economic uncertainty. Looking ahead, the data supports expectations of continued Fed vigilance with a stable but cooling labor market. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26

The US NY Empire State Manufacturing Index for December 2025 surged to 7.70, well above the 1.00 consensus and reversing November’s contraction of -3.90. This 11.60-point rebound signals renewed expansion in regional manufacturing after a volatile autumn, though it remains below October’s 10.70 reading. Looking ahead, ongoing Fed tightening and geopolitical risks suggest cautious optimism as markets weigh inflation and supply chain developments. Updated 1/15/26