Australia’s Manufacturing PMI Climbs to Six-Month High
Australia’s manufacturing sector showed signs of recovery in November 2024, as the Judo Bank Manufacturing PMI rose to 49.4, the highest reading in six months, up from October’s 47.3. Although the index remained below the neutral 50-mark—indicating continued contraction—the slower...
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Canada’s GDP Growth Slows in Q3 2024
Canada’s economy expanded by 0.3% in the third quarter of 2024, a slowdown from the 0.5% growth recorded in the first two quarters. This pace aligns with market expectations but reflects a more moderate economic performance as certain sectors faced...
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Eurozone Inflation Hits 2.3% in November 2024
Eurozone inflation accelerated to 2.3% in November 2024, marking a rise from 2% in October. This increase was largely anticipated, with analysts predicting higher inflation due to base effects from last year’s sharp declines in energy prices, which are no...
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Retail Sales in Germany Fall in October 2024
Germany’s retail sector faced a challenging month in October 2024, with sales dropping 1.5% compared to the previous month. This decline came after a revised 1.6% increase in September, showing a stark contrast to analysts’ expectations of a more modest...
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Japan’s Consumer Confidence Index Edges Up in November 2024
Japan’s consumer confidence index showed a slight improvement in November 2024, rising to 36.4 from October’s five-month low of 36.2. This increase came in line with market forecasts and suggests that households in Japan are feeling somewhat more optimistic about...
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ANZ Business Outlook Declines in November
New Zealand’s ANZ Business Outlook Index fell to 64.9 in November 2024, down from October’s decade-high of 65.7. This slight dip reflects a mixed economic landscape as businesses navigate fluctuating market conditions. While some indicators signal easing pressures, others point...
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US Jobless Claims Hold Steady Amid Resilient Labor Market
Initial jobless claims in the US held steady at 213,000 for the week ending November 23, below market expectations of 216,000. This steady performance underscores the enduring strength of the labor market, even as the Federal Reserve’s aggressive monetary tightening...
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US Economy Expands by 2.8% in Q3 2024
The US economy maintained steady growth in the third quarter of 2024, expanding at an annualized rate of 2.8%. This pace matched the advance estimate but was slightly below the 3% growth seen in Q2. The economy’s performance was driven...
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US Durable Goods Orders See Modest Growth in October
In October 2024, new orders for durable goods in the United States rose by a modest 0.2%, reaching $286.56 billion. This increase marks a recovery from the revised 0.4% decline recorded in September. However, the growth fell short of market...
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Germany’s Consumer Sentiment Plummets to a Seven-Month Low
The latest GfK Consumer Climate Indicator for Germany paints a troubling picture for December 2024, falling to -23.3 points. This marks the lowest level since May and is significantly below the forecast of -18.6 points. The current figure mirrors the...
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