US Retail Sales Climb in October 2024: A Mixed Performance Across Sectors
In October 2024, U.S. retail sales rose by 0.4% month-over-month, surpassing market forecasts of 0.3%. This marks a steady, albeit slower, growth compared to September’s upwardly revised 0.8% increase. Gains were driven by strong performances in electronics and appliance stores...
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UK Economy Contracts in September 2024: A Setback for Growth
In an unexpected turn, the British economy contracted by 0.1% month-over-month in September 2024, marking its first decline in five months. This was a sharp contrast to the 0.2% rise in August and significantly below forecasts of a 0.2% expansion....
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China’s Industrial Production Slows in October 2024: What It Means for the Economy
China’s industrial production showed a slower-than-expected growth of 5.3% year-on-year (yoy) in October 2024, falling short of the forecasted 5.6% increase. This represents a slight deceleration from September’s four-month high of 5.4%. While industrial output growth remained positive, several sectors...
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Factory Gate Prices in the US See Steady Increase in October 2024
In October 2024, factory gate prices in the United States rose by 0.2% month-over-month (mom), matching market expectations and continuing the trend from the previous month. This follows an upwardly revised 0.1% increase in September, signaling a steady but gradual...
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U.S. Inflation Rate Rises to 2.6% in October 2024
After seven consecutive months of declining inflation, October 2024 saw the U.S. inflation rate edge up to 2.6%, a slight increase from September’s 2.4% rate. This rate is still in line with market expectations, but it marks a shift in...
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