Eurozone Economy Records Strongest Growth in Two Years
The Eurozone economy grew by 0.4% quarter-on-quarter in Q3 2024, marking its strongest growth rate in two years. This performance aligns with earlier estimates and improves upon the 0.2% rise seen in Q2. The growth was driven primarily by household...
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German Industrial Production Declines Again in October 2024
Germany’s industrial sector faced another setback in October 2024, with production falling by 1% month-over-month. This was contrary to expectations of a 1.2% rebound and followed a downwardly revised 2% decline in September. The continued slump highlights growing challenges for...
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US Initial Jobless Claims Rise, But Labor Market Remains Strong
US initial jobless claims rose to 224,000 for the week ending November 30, up from 213,000 the previous week, surpassing market expectations of 215,000. This marks the highest reading in six weeks, but the increase still reflects a labor market...
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US Trade Deficit Narrows in October 2024
The US trade deficit narrowed to $73.8 billion in October 2024, down from an upwardly revised $83.8 billion in September. This improvement came in slightly below market expectations, which had forecast a deficit of $75 billion. While the reduction in...
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Canada’s Trade Deficit Narrows in October 2024
Canada recorded a trade deficit of CAD 0.92 billion in October 2024, improving from the previous month’s CAD 1.26 billion gap. However, this deficit was still wider than the expected CAD 0.8 billion, marking the eighth consecutive month of a...
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