UK Retail Sales See Modest Uptick in November 2024
Retail sales in the UK increased by 0.2% month-over-month in November 2024, recovering slightly from a 0.7% decline in October. However, the growth fell short of market expectations of 0.5%, reflecting ongoing economic challenges. The rise was driven by higher...
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Germany’s Producer Prices Rebound in November 2024
In November 2024, Germany’s producer prices recorded an unexpected year-on-year increase of 0.1%, rebounding from a 1.1% decline in October. This marked the first uptick since June 2023, surpassing market expectations of a 0.3% drop. The rise was mainly driven...
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Japan’s Inflation Hits a 13-Month High in November 2024
Japan’s annual inflation rate surged to 2.9% in November 2024, up from 2.3% in the previous month, marking the highest reading since October 2023. The sharp rise was largely driven by soaring food prices, which climbed 4.8%, the steepest increase...
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Germany’s Consumer Confidence Rises but Remains Weak
The GfK Consumer Climate Indicator for Germany improved to -21.3 heading into January 2025, up from a revised -23.1 in December, which marked the lowest level since May. This latest figure surpassed market expectations of -22.5, driven by slight improvements...
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Bank of Japan Maintains Rates Amid Economic Review
In its final meeting of the year, the Bank of Japan (BoJ) decided to maintain its key short-term interest rate at around 0.25%, the highest level since 2008. This move was in line with market expectations, as the vote was...
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