Germany’s Factory Orders in October 2024: A Mixed Performance
Germany’s factory orders fell by 1.5% month-over-month in October 2024, a smaller decline than market expectations of a 2.0% drop. This decrease followed an impressive upwardly revised 7.2% surge in September, the strongest growth since December 2023. While October’s contraction...
Read more
Australia’s Trade Surplus Hits an Eight-Month High
Australia’s trade surplus for goods surged to AUD 5.95 billion in October 2024, marking the largest surplus since February. This figure significantly exceeded market expectations of AUD 4.55 billion and showed a robust recovery from September’s downwardly revised surplus of...
Read more
US ISM Services PMI Declines in November 2024
The ISM Services PMI in the United States experienced a notable decline in November 2024, dropping to 52.1 from 56 in October. This reading was well below the forecasted 55.5, signaling a slower pace of growth in the services sector....
Read more
Caixin China Services PMI Declines to 51.5 in November
The Caixin China General Services PMI dropped to 51.5 in November 2024, down from 52.0 in October, which had marked a three-month high. This latest reading fell short of market expectations of 52.5, signaling a modest slowdown in the services...
Read more
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...
Read more
