China Loan Prime Rate
In a bid to support its slowing economy, China has once again cut its key lending rates to historic lows. This move by the People’s Bank of China (PBoC) reflects the government’s broader efforts to stabilize the economy amid financial...
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United States Building Permits
Building permits in the United States experienced a notable decline in September 2024, dropping by 2.9% to a seasonally adjusted annual rate of 1.428 million. This figure fell short of market expectations, which had projected a rate of 1.46 million....
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United Kingdom Retail Sales
Retail sales in the UK surprised analysts in September 2024 with a 0.3% rise, beating forecasts of a 0.3% decline. This follows a strong 1% growth in August, indicating that consumer spending remains resilient despite economic challenges. Non-food stores were...
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China Retail Sales
In September 2024, China’s retail sales experienced a strong growth of 3.2% year-on-year, surpassing both the 2.1% rise from August and market forecasts of a 2.5% increase. This marks the highest growth since May, highlighting a resurgence in consumer spending...
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China Industrial Production
China’s industrial production grew by 5.4% year-on-year in September 2024, exceeding the 4.6% forecast and up from August’s 4.5%, which marked a five-month low. This acceleration is a clear sign of the government’s efforts to revive economic activity. The growth...
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