Currently, the global economy is in a period of and . Inflation remains the largest concern in most markets but has recently begun to globally with only
30
countries reporting higher inflation this month than last month.

The Zoomed Out View

Aggregate charts for a better picture of what the entire global economy is experiencing. They change from time to time but we tend to highlight the current buzz from a zoomed out view.

Real GDP Growth

Quarterly real GDP growth year-over-year changes. Total number of countries with Real GDP growth rising minus the number of countries with falling Real GDP Growth. Real GDP Growth equals GDP Growth - Inflation for a more true calculation of how an economy grew.

The most recent reporting period is9-2023. Be aware that countries release their data at different times. It takes 1-2 months for complete data from all countries to be available for the most recently reported period.
The most recent reporting period is9-2023. It takes 1-2 months for complete data from all countries to be available for the most recently reported period.
Latest
Reported17
Higher9
Lower6
Unchanged2

** A positive reading indicates more countries are reporting a higher value than countries that are reporting a lower value. Positive numbers should be read as global expansion of the indicator and negative numbers as global contraction of the indicator.

Upcoming Economic Releases

All of the events below are considered high impact.
CountryEventActualEstimatePrevious
Monday, Jan 13th
🇨🇳ChinaImports YoY (Dec)1-1.5-3.9
🇨🇳ChinaExports YoY (Dec)10.77.36.7
🇨🇳ChinaBalance of Trade (Dec)104.8499.897.44
🇦🇺AustraliaWestpac Consumer Confidence Change (Jan)-0.7-2
🇦🇺AustraliaWestpac Consumer Confidence Index (Jan)92.192.8
Tuesday, Jan 14th
🇺🇸United StatesPPI MoM (Dec)0.20.30.4
Wednesday, Jan 15th
Inflation Rate YoY (Dec)2.52.62.6
🇪🇺European UnionECB Guindos Speech
🇩🇪GermanyFull Year GDP Growth (2025)-0.2-0.2-0.3
🇩🇪GermanyFull Year GDP Growth (2024)-0.2-0.2-0.3
🇺🇸United StatesCPI (Dec)315.61315.61315.49
🇺🇸United StatesNY Empire State Manufacturing Index (Jan)-12.632.1
🇺🇸United StatesInflation Rate YoY (Dec)2.92.92.7
🇺🇸United StatesCPI s.a (Dec)317.685317.4316.441
🇺🇸United StatesCore Inflation Rate YoY (Dec)3.23.33.3
Thursday, Jan 16th
🇦🇺AustraliaUnemployment Rate (Dec)43.9
🇦🇺AustraliaEmployment Change (Dec)1535.6
Goods Trade Balance (Nov)-17.9-18.97
Goods Trade Balance Non-EU (Nov)-6.8-7.28
GDP YoY (Nov)1.31.3
GDP MoM (Nov)0.2-0.1
🇩🇪GermanyCPI (Dec)119.8
🇮🇹ItalyCPI (Dec)
🇺🇸United StatesRetail Sales Ex Gas/Autos MoM (Dec)0.40.2
🇺🇸United StatesContinuing Jobless Claims (Jan/04)18701867
🇺🇸United StatesRetail Sales Ex Autos MoM (Dec)0.40.2
🇺🇸United StatesJobless Claims 4-week Average (Jan/11)215213
🇺🇸United StatesInitial Jobless Claims (Jan/11)210201
🇺🇸United StatesRetail Sales YoY (Dec)43.8
🇺🇸United StatesRetail Sales MoM (Dec)0.60.7
Friday, Jan 17th
🇨🇳ChinaIndustrial Production YoY (Dec)5.45.4
🇨🇳ChinaGDP Growth Rate YoY (Q4)54.6
🇨🇳ChinaRetail Sales YoY (Dec)3.53
🇨🇳ChinaUnemployment Rate (Dec)55
Retail Sales ex Fuel MoM (Dec)0.10.3
Retail Sales ex Fuel YoY (Dec)3.60.1
Retail Sales MoM (Dec)0.40.2
Retail Sales YoY (Dec)4.20.5
🇪🇺European UnionCPI (Dec)127.08126.62
🇺🇸United StatesBuilding Permits (Dec)1.461.493
🇺🇸United StatesHousing Starts (Dec)1.321.289

Don't let the economy surprise you.

Economic releases, key earnings, speeches, weather, and other market moving events for the week ahead are highlighted in our weekly Sunday note.

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