UK Economy Grows by 0.1% in November 2024
UK Economy experienced a slight growth of 0.1% month-on-month in November 2024, recovering from consecutive contractions of 0.1% in both October and September. However, this growth fell short of the expected 0.2% increase, signaling a slower-than-anticipated recovery. Services Sector Drives...
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Australia’s Unemployment Rate Increases in December 2024
In December 2024, Australia’s Unemployment Rate adjusted slightly rose to 4.0%, up from 3.9% in November, which had marked an eight-month low. This change met market expectations. The total number of unemployed individuals increased by 10.3 thousand, bringing the total...
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US CPI Surges 0.4% in December 2024
In December 2024, the US CPI Surges Price Index (CPI) recorded a 0.4% month-over-month rise, marking the most significant increase since March. Energy prices played a pivotal role, surging by 2.6% and contributing over 40% of the overall monthly growth....
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UK Annual Inflation Rate Drops to 2.5% in December 2024
UK Annual Inflation Rate unexpectedly dropped to 2.5% in December 2024, down from 2.6% in November. This figure came in lower than the forecasted 2.6% and closely aligned with the Bank of England’s (BoE) forecast made in early November. Despite...
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Australia’s Consumer Sentiment Shows Continued Weakness
In January 2025, Australia’s Consumer Sentiment Index in Australia recorded a decline of 0.7%, bringing the index down to 92.1 points. This marks the second consecutive monthly decrease, pointing to ongoing consumer pessimism. The slight drop follows a series of...
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China’s Trade Surplus Surges in December 2024
China’s trade surplus reached an impressive USD 104.84 billion in December 2024, a significant increase from USD 75.31 billion during the same period last year. This figure not only surpassed market expectations of USD 99.80 billion but also marked the...
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US Average Hourly Earnings Rise by 0.3% in December 2024
In December 2024, US Average Hourly Earnings for employees on private nonfarm payrolls increased by 10 cents, or 0.3%, reaching $35.69. This marks a slight slowdown compared to the 0.4% rise in November, but it aligned with market expectations. The...
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Canada’s Unemployment Rate Drops to 6.7% in December 2024
In December 2024, Canada’s unemployment rate decreased slightly to 6.7%, down from 6.8% in November. This figure was better than the expected 6.9%, though it still represents the second-highest reading since September 2021. The small decline in unemployment reflects ongoing...
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US Unemployment Rate Drops to 4.1% in December 2024
In December 2024, the US unemployment rate decreased to 4.1%, down from 4.2% in the previous month. This decline came in better than expected, as market forecasts had predicted the rate would remain at 4.2%. The decrease in the unemployment...
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US Economy Adds 256K Jobs in December 2024
In December 2024, the US economy saw a significant boost with the addition of 256,000 jobs, marking the highest gain in nine months. This figure exceeded expectations of 160,000 new jobs and surpassed November’s downwardly revised increase of 212,000. Additionally,...
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