Germany’s Services Sector Returns to Growth
The HCOB, Germany’s Services Sector PMI climbed to 51.2 in December 2024, up from 49.3 in November and marginally surpassing initial forecasts of 51. This reading marks a return to expansion for the services sector after a brief contraction, reflecting...
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China’s Services Sector Shows Signs of Recovery
The Caixin China’s Services Sector PMI rose to 52.2 in December 2024 from 51.5 in November, exceeding market expectations of 51.7. This reading indicates the fastest expansion in the services sector since May, highlighting a strong rebound in activity. The...
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Japan’s Service Sector Growth: December 2024 Update
Japan’s Service Sector for December 2024 was revised down to 50.9 from an initial flash reading of 51.4. Despite the adjustment, this figure indicates the second consecutive month of expansion in the service sector, following November’s 50.5. This marks the...
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Japan’s Manufacturing PMI Shows Modest Improvement
In December 2024, Japan’s au Jibun Bank Manufacturing PMI stood at 49.6, slightly above the flash estimate of 49.5 and an improvement from the 49.0 recorded in November. While the PMI remained below the neutral 50.0 mark, indicating a continued...
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The Reserve Bank of Australia Holds Cash Rate Steady!
The Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.35% during its final meeting of 2024, marking the ninth consecutive meeting without a change. This decision aligns with market expectations, reflecting the central bank’s cautious approach as...
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