HCOB Germany Manufacturing PMI Signals Ongoing Contraction in November
Germany’s HCOB Manufacturing PMI for November 2024 was revised slightly lower to 43.0, down from a preliminary 43.2 and matching October’s reading. This indicates that the German manufacturing sector remains firmly in contraction territory, with the PMI staying well below...
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China’s Manufacturing PMI Surges to 51.5 in November
China’s Caixin Manufacturing PMI jumped to 51.5 in November 2024, up from 50.3 in October, surpassing analysts’ predictions of 50.5. This marks the second consecutive month of growth, indicating a solid recovery in the manufacturing sector. The PMI, which measures...
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Australia’s Manufacturing PMI Climbs to Six-Month High
Australia’s manufacturing sector showed signs of recovery in November 2024, as the Judo Bank Manufacturing PMI rose to 49.4, the highest reading in six months, up from October’s 47.3. Although the index remained below the neutral 50-mark—indicating continued contraction—the slower...
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Canada’s GDP Growth Slows in Q3 2024
Canada’s economy expanded by 0.3% in the third quarter of 2024, a slowdown from the 0.5% growth recorded in the first two quarters. This pace aligns with market expectations but reflects a more moderate economic performance as certain sectors faced...
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Eurozone Inflation Hits 2.3% in November 2024
Eurozone inflation accelerated to 2.3% in November 2024, marking a rise from 2% in October. This increase was largely anticipated, with analysts predicting higher inflation due to base effects from last year’s sharp declines in energy prices, which are no...
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