Germany Services PMI Drops to 49.3
The HCOB Germany Services PMI fell to 49.3 in November 2024, down from 51.6 in October, marking the first contraction in business activity in nine months. This decline underscores growing challenges in the German services sector, as weaker demand and...
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Australian Economy Grows by 0.3% in Q3 2024
The Australian economy expanded by 0.3% quarter-on-quarter (qoq) in Q3 2024, marking its 12th consecutive quarter of growth. However, this was below market expectations of 0.4% and highlighted a slower recovery compared to previous quarters. Over the past year, annual...
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Job Openings Surge in October 2024
In October 2024, the number of job openings in the U.S. rose by 372,000, reaching a total of 7.744 million. This increase followed a downward revision of September’s numbers, which were adjusted to 7.372 million. The October data also surpassed...
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Australia’s Current Account Deficit: A Comprehensive Q3 2024 Review
In Q3 2024, Australia’s current account deficit decreased to AUD 14.1 billion, down from an upwardly revised AUD 16.4 billion in the previous quarter. While this reduction suggests some positive developments, the figure marked the sixth consecutive quarter of deficit...
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UK Retail Sales Decline in November 2024
Retail sales in the United Kingdom dropped by 3.4% on a like-for-like basis in November 2024, a sharp reversal after four consecutive months of growth. The decline fell significantly short of market expectations, which had forecast a modest 0.7% increase....
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