Canada’s Inflation Eases to 1.9% in November 2024
In November 2024, Canada’s annual inflation rate dropped to 1.9%, slightly lower than the previous month’s 2% and falling short of market expectations of 2%. This marks a continuation of a favorable inflation trend that aligns with the Bank of...
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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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Germany’s Manufacturing PMI Declines Further in December 2024
The HCOB Germany’s Manufacturing PMI dropped to 42.5 in December 2024, down from 43 in November and falling short of market expectations of a slight improvement to 43.1, according to preliminary data. This reading highlights a deepening contraction in Germany’s...
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China’s Retail Sales Growth Slows in November 2024
China’s retail sales increased by 3% year-on-year (yoy) in November 2024, marking a slowdown from October’s 4.8% growth and falling short of market expectations of a 4.6% rise. This represents the weakest retail performance since August, reflecting subdued consumer demand...
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China’s Industrial Production Grows in November 2024
China’s industrial production expanded by 5.4% year-on-year (yoy) in November 2024, slightly surpassing market expectations and improving on October’s 5.3% growth rate. This positive trend highlights the resilience of the Chinese manufacturing sector, which played a key role in driving...
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UK Economy Contracts in October 2024
The British economy contracted by 0.1% month-over-month in October 2024, following a similar decline in September. This result fell short of market forecasts, which had anticipated a 0.1% expansion. The contraction highlights ongoing challenges in the UK economy as various...
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Japan’s Industrial Production Sees Strong Growth in October 2024
Japan’s industrial production increased by 2.8% month-over-month in October 2024, marking the second consecutive month of expansion. Although slightly below the preliminary estimate of 3.0%, this figure reflects a notable acceleration from the 1.6% rise recorded in September. It also...
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