The Role of Digital Currencies in the Economy
Over the past decade, digital currencies have emerged as one of the most significant and contentious economic phenomena. These, developed on the backbone of blockchain technology, have instigated profound changes within financial and economic systems. The market influences global financial...
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Germany’s Business Climate Indicator Declines in December 2024
The Ifo Business Climate indicator for Germany dropped for a second consecutive month to 84.7 in December 2024, the lowest level since May 2020. This marks a decline from a downwardly revised 85.6 in November and falls short of market...
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UK Unemployment Rate Steady at 4.3% in August–October 2024
The United Kingdom’s unemployment rate held steady at 4.3% from August to October 2024, unchanged from the previous three-month period and in line with market expectations. This marks the highest unemployment level since May 2024, driven primarily by an increase...
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US Manufacturing PMI Shows Extended Contraction in December
The S&P Global US Manufacturing PMI fell to 48.3 in December 2024 from 49.7 in the previous month, well below market expectations of a slight improvement to 48.9, according to a flash estimate. This result extends the contractionary trend for...
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UK Manufacturing PMI Declines Further in December 2024
The S&P Global Flash UK Manufacturing PMI dropped to 47.3 in December 2024, down from 48 in November and below market expectations of 48.2, according to preliminary estimates. This marks the sharpest contraction in the UK’s manufacturing sector in eleven...
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