UK Economy Slows in Q2 Despite Investment Surge
The UK economy expanded at a slower pace in the second quarter of 2024 than previously estimated, according to revised figures. Despite a surge in business investment, overall growth was dampened by downward revisions in government spending and exports. Business...
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China’s Manufacturing Sector Contracts in September
China’s manufacturing sector contracted in September 2024, with the Caixin China General Manufacturing PMI falling to 49.3, slipping below the 50-point threshold that separates growth from contraction. This marks a downturn from the previous month, driven by a sharp decline...
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Japan’s Factory Output Slumps in August
Japan’s industrial production declined by 3.3% month-over-month in August 2024, a sharp reversal from the 3.1% growth recorded in July. This drop significantly exceeded market expectations of a 0.9% contraction, according to flash data. It marks the fifth time industrial...
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Germany’s Unemployment Rate Rises by Over 17,000
Germany’s seasonally adjusted unemployment rate held steady at 6% in September 2024, matching market expectations. However, the number of unemployed individuals increased by over 17,000 during the month, pushing the jobless total to its highest level in over three years....
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Decline in Eurozone Economic Sentiment Index
The Economic Sentiment Index (ESI) for the Eurozone decreased slightly to 96.2 in September 2024, down from 96.5 in August. This decline follows a recent peak in August, when the index reached its highest level in over a year. The...
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