Canada’s PMI Drops to 47.1 in January 2025
The Ivey Purchasing Managers’ Index (PMI) for Canada fell sharply to 47.1 in January 2025, down from 54.7 in December and below the market expectation of 53. This drop pushes the index into contraction territory, marking its lowest level since...
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Bank of England Cuts Interest Rates for the Third Time
In its February 2025 meeting, the Bank of England (BoE) made the decision to reduce interest rates by 25 basis points, bringing the rate to 4.5%. This marks the third rate cut since the Bank began its cycle of reducing...
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Significant Increase in Factory Orders in Germany: December 2024
Germany’s factory orders surged by 6.9% in December 2024, showing a substantial recovery from November’s 5.2% decline. This growth far exceeded market expectations, which had forecast a 2% increase. This marks Germany’s first growth in factory orders in three months...
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US Services PMI Index Declines in January 2025
The US Services Purchasing Managers’ Index (PMI), released by the Institute for Supply Management (ISM), fell to 52.8 in January 2025, down from 54.0 in December and below the forecast of 54.3. This decline signals a slower growth rate in...
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U.S. Trade Deficit Reaches $98.4 Billion in December 2024
The U.S. trade deficit reached $98.4 billion in December 2024, a significant increase from $78.9 billion in November and exceeding market expectations of $96.6 billion. This marks the highest trade deficit since March 2022, as American companies rushed to secure...
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