Global Datanote: Inflation, Switzerland, February 2025

In one line: A trough, we think. 

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: Economic activity index, Chile, January, 2025

• In one line: A solid start to the year.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: CPI, Indonesia, February

• In one line: A surprising—though likely temporary—dip into outright deflation.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Manufacturing PMI, ASEAN, February

• In one line: A 7-month high, but no clear signs of US front-loading, yet. 

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Bank of Thailand Decision

• In one line: Expect one more—final—cut in Q2, after today’s surprise reduction.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Detailed Inflation, Eurozone, January 2025

In one line: A local high, but still no perfect landing at 2%. 

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: Final GDP, Mexico, Q4, 2024

• In one line: A bad end to the year, and downside risks have increased.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Flash PMIs, Eurozone, February 2025

In one line: Held back by weakness in France. 

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: Flash PMIs, Germany, February 2025

In one line: Up again, in line with our call for a rebound in GDP.

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: INSEE Business Confidence & Flash PMIs, France, February 2025

In one line: Ugly crash in the services PMI is a fluke, we hope

Claus Vistesen (Chief Eurozone Economist)Global

Global Datanote: Bank Indonesia Decision

• In one line: Patience is a virtue, in this climate.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Trade, Indonesia, January

• In one line: A very unwelcome leap in the trade surplus.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: BCRP Rate Decision, Peru, February, 2025

• In one line: On hold and maintaining a cautious stance.

Andrés Abadía (Chief LatAm Economist)Global

Global Datanote: Bangko Sentral ng Pilipinas Decision

• In one line: This surprise pause won’t last long.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: US Employment, January

• In one line: Positive near-term revisions offset the subpar January print; a March easing is off the table.

Samuel TombsGlobal

Global Datanote: US CPI, January

• In one line: Seasonals still failing to offset new year price rises; February data will reassure the FOMC.

Samuel TombsGlobal

Global Datanote: January CPI & December IP, India

• In one line: Setting the stage for an immediate follow-up rate cut in April; consumer goods output go MIA to close off 2024.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Inflation, Brazil, January, 2025

• In one line: Modest January pressures offer little relief to a challenging inflation outlook.

Andrés Abadía (Chief LatAm Economist)Global