U.S. January Consumer Confidence weakest since 2014, politics likely adding to employment concerns

January 27, 2026 3:30 PM UTC

The Conference Board’s Consumer Confidence Index at 84.5 in January is down from an upwardly revised December index of 94.2 (from 89.1) and the weakest since May 2014. The decline contrasts a modest increase in the January Michigan CSI which reached its highest level since August.

U.S. November Durable Goods Orders - Aircraft surge, underlying trend moderately positive

January 26, 2026 1:49 PM UTC

November’s durable goods orders report with gains of 5.3% overall and 0.5% ex transport is stronger than expected, though the picture of a strong headline field by aircraft and a continued moderately positive ex transport picture is in line with consensus.

U.S. January S&P PMIs - Close to December's, modestly positive

January 23, 2026 3:09 PM UTC

January’s preliminary S and P PMIs have shown almost no change from December, with manufacturing at 51.9 from 51.8 and services unchanged at 52.5.

U.S. Personal Income underperforming Spending, Core PCE Prices maintaining trend

January 22, 2026 3:31 PM UTC

The personal income and spending report for both October and November has been released and shows healthy spending, up by 0.5% in each month outperforming income which rise by 0.1% in October and 0.3% in November. PCE prices, both overall and core, rise by 0.2% in each month, modest, but stronger th

U.S. Initial Claims remain low in payroll survey week, GDP revised higher on inventories

January 22, 2026 2:12 PM UTC

Initial claims remain low in the survey week for January’s non-farm payroll, rising by only 1k to a lower than expected 200k.  The Q3 GDP revision to 4.4% from 4.3% is marginal, but is even stronger than an already strong pace.

U.S. December Pending Home Sales - Four straight gains erased

January 21, 2026 3:14 PM UTC

Pending home sales have seen a surprising 9.3% decline in December, completely erasing four straight gains which led a recent acceleration in existing home sales.

South Africa Inflation Moderately Surged to 3.6% y/y in December

January 21, 2026 12:29 PM UTC

Bottom Line: Statistics South Africa (Stats SA) announced on January 21 that annual inflation edged up moderately to 3.6% y/y in December from 3.5% the previous month due to higher housing and utilities; and insurance and financial services prices. The change in the consumer price index (CPI) betwe

Canada - BoC Q4 Business Outlook Survey - Mostly stronger

January 19, 2026 4:03 PM UTC

The Bank of Canada’s Q4 business outlook survey is mostly improved with the business outlook indicator of -1.78 from -2.27 the strongest since Q4 2024 while the index on future sales bounced to a positive 13 from -2, returning to the pre-tariff level seen in Q1 2025. The data, while improved, is n

Russia’s Inflation Decelerated Sharply in December but Risks Remain

January 16, 2026 7:06 PM UTC

Bottom Line: After edging down to 6.6% y/y in November, Russian inflation continued its decreasing pattern in December and stood at 5.6% y/y owing to lagged impacts of previous aggressive monetary tightening and relative resilience of RUB, the State Statistics Service (Rosstat) said. Despite Central

U.S. Initial Claims low, Philly Fed and Empire State surveys stronger at the start of 2026

January 15, 2026 2:09 PM UTC

The latest US data suggests a stronger start to 2026, with initial jobless claims very low at 198k from 207k in a week not including a holiday and is thus less prone to a surprise, and also positive manufacturing surveys from the Empire State at 7.7 and the Philly Fed at 12.6, both contrasting negat

U.S. December Existing Home Sales - Responding to Fed easing

January 14, 2026 3:13 PM UTC

December existing home sales have seen a strong 5.1% increase to 4.35m, this the strongest of four straight gains and the highest level since February 2022.

U.S. Retail Sales and PPI over October and November not far from expectations

January 14, 2026 2:15 PM UTC

November retail sales with a rise of 0.6% are marginally stronger than expected but the data is close to expectations net of modest negative back month revisions. PPI has been released for both October and November, also net in line with expectations, with October on the firm side in the core rate f

U.S. September and October New Home Sales - Trend showing signs of improvement

January 13, 2026 3:23 PM UTC

October new home sales at 737k are slightly above consensus and almost unchanged from September’s 738k, which was released for the first time with this October report. August however was revised down quite sharply from a surprisingly strong 800k to 711k, while June and July were also revised lower

U.S. December CPI - Moderate rebound from weak November leaves a subdued Q4

January 13, 2026 2:09 PM UTC

December’s CPI has come in slightly softer than expected, not showing a strong rebound from the weak 2-month change in November and thus leaving a subdued Q4. December CPI rise by 0.3% as expected but with the core rate weaker than expected at 0.2%, 0.24% before rounding. CPI ex food, energy and s

India CPI Review: December CPI Signals End of Disinflation Cycle

January 13, 2026 8:50 AM UTC

December’s CPI print reinforces that the inflation trough is behind us. While headline inflation remains below target, a sharp rebound in core driven by gold and jewellery could limit the RBI’s room for manoeuvre in early 2026. With a new CPI series incoming, the next few months will test the cr

U.S. December Employment - Non-Farm Payrolls disappoint but Unemployment down

January 9, 2026 2:26 PM UTC

December’s non-non-farm payroll at 50k is marginally softer than expected, and a net negative given a substantial net downward revision of 76k to October and November, with the bulk of the revision coming in October when the government shutdown made measurement more challenging. Unemployment howev

U.S. October trade deficit plunge not sustainable, Initial Claims still low, Unit Labor Costs fall but Non-Labor Costs surge

January 8, 2026 2:32 PM UTC

The big shock in the latest data is a dramatic fall in October’s trade deficit to $29.4bn from $48.1bn, to its lowest level since February 2009. This will lift Q4 GDP estimates and give Trump a political boost as the Supreme Court prepares to make a judgement on his tariffs. However the strength,