Australia’s Manufacturing PMI Declines
The latest data shows that Australia’s manufacturing sector is facing its eighth consecutive month of contraction, marking the fastest decline since May 2020. The Purchasing Managers’ Index (PMI) signals shrinking activity as new orders, production, and demand continue to weaken....
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Germany’s Inflation Falls to 1.6% in September
Germany’s inflation rate continued to ease in September 2024, reaching 1.6%, its lowest level since February 2021. This drop comes as a welcome surprise, falling below the expected 1.7%, and down from 1.9% in August. Goods Prices: A Key Factor...
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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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