Sharp Decline in UK Factory Orders
UK factory orders fell sharply in September 2024, hitting their lowest level in the past 10 months, according to the latest survey by the Confederation of British Industry (CBI). The net balance of new orders dropped to -35, a significant...
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Decline in Germany’s composite PMI
Germany’s HCOB Flash Composite Purchasing Managers’ Index (PMI) fell to 47.2 in September 2024, marking the fourth consecutive monthly decline and the lowest reading since February. The figure came in below the forecasted 48.2 from August, signaling an intensifying downturn...
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New Zealand’s trade deficit improved
New Zealand recorded a trade deficit of $2.2 billion in August 2024, marking a modest improvement compared to the $2.42 billion deficit in the same month last year. Despite the year-on-year reduction, this remains the lowest trade deficit in the...
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The Bank of Japan held interest rates steady!
The Bank of Japan (BoJ) has decided to maintain its short-term interest rate at 0.25% during its September 2024 meeting, marking the highest level since 2008. This decision was in line with market expectations and reflects the BoJ’s ongoing strategy...
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China’s central bank kept interest rates unchanged
The People’s Bank of China (PBOC) decided to keep its benchmark interest rates unchanged for September, aligning with market expectations. The one-year loan prime rate (LPR), which serves as the reference for most corporate and household loans, remained at 3.35%,...
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