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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
December 2024: A Slight Uptick in UK Consumer Confidence
The GfK Consumer Confidence Index in the United Kingdom rose by one point to -17 in December 2024. This marks the second consecutive month of improvement, signaling a modest recovery in sentiment. However, the index remains firmly in negative territory,...
Read more
ECB Cuts Interest Rates Again Amid Optimism for Inflation Outlook
The European Central Bank (ECB) has made its fourth interest rate cut of the year, reducing its key rates by 25 basis points in December 2024. This decision aligns with expectations and reflects the ECB’s confidence in a more favorable...
Read more
Vancouver’s City Council Greenlights Exploring Bitcoin in Municipal Finance
In a bold move toward embracing cryptocurrency, Vancouver’s city council has approved a motion to explore integrating Bitcoin into its municipal financial systems. The decision, made during a council meeting on Tuesday, marks a significant step in the city’s efforts...
Read more
Bank of Canada Cuts Interest Rates Again in December 2024
In its December meeting, the Bank of Canada (BoC) announced a 50 basis points (bps) cut to its key interest rate, marking the second consecutive reduction. This decision was in line with market expectations, bringing the total cumulative rate cuts...
Read more
