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...
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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....
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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...
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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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