Germany Balance of Trade
Germany’s trade surplus widened to EUR 22.5 billion in August 2024, a significant increase from July’s revised EUR 16.9 billion and well above market expectations of EUR 18.4 billion. This marks the largest trade surplus since May 2024, supported by...
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New Zealand Interest Rate
In October 2024, the Reserve Bank of New Zealand (RBNZ) cut its official cash rate by 50 basis points, bringing it down to 4.75%. This marks the second consecutive rate reduction and aligns with market expectations as the central bank...
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United States Balance of Trade
The U.S. trade deficit narrowed to $70.4 billion in August 2024, reaching its lowest level in five months. This improvement reflects a significant decline from July’s revised deficit of $78.9 billion and slightly outperformed market expectations of $70.6 billion. Increase...
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Canada Balance of Trade
Canada’s trade deficit expanded to CAD 1.10 billion in August 2024, up from a revised CAD 0.29 billion in July and surpassing market expectations of a CAD 0.5 billion gap. This marks the sixth consecutive monthly deficit and the largest...
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Germany Industrial Production
Germany’s industrial production experienced a robust increase of 2.9% month-over-month in August 2024, significantly surpassing market expectations of 0.8% growth. This rebound comes after a revised 2.9% decline in July and marks the fastest growth rate since October 2021, indicating...
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