China Caixin Manufacturing PMI
The Caixin China General Manufacturing PMI for October 2024 showed encouraging signs for the manufacturing sector, rising to 50.3 from September’s 49.3. This increase not only exceeded market expectations of 49.7 but also indicates a welcome shift towards expansion in...
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Japan Manufacturing PMI
Japan’s au Jibun Bank Manufacturing PMI was revised up to 49.2 in October from an initial reading of 49.0, following September’s final figure of 49.7. Despite this slight increase, the PMI indicates a fourth consecutive month of contraction in factory...
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Australia Judo Bank Manufacturing PMI
Australia’s manufacturing sector faced continued challenges in October, with the Judo Bank Manufacturing PMI inching up slightly to 47.3 from September’s 46.7. This minor improvement still reflects a contraction in activity, marking the ninth consecutive month of decline. Reduced demand,...
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United States Core PCE Price Index
In September 2024, the US core Personal Consumption Expenditures (PCE) price index—a key inflation measure closely watched by the Federal Reserve—increased by 0.3% from the previous month. This represents the highest monthly rise in five months and aligns with market...
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Canada’s GDP Shows Modest Growth in September 2024
Canada’s GDP is expected to have grown by 0.3% in September 2024, showing positive momentum after a flat performance in August. Economic activity was notably bolstered by gains in finance, insurance, construction, and retail trade, helping offset weaknesses in areas...
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Bank of Japan Holds Interest Rates Steady
In its October meeting, the Bank of Japan (BoJ) decided to keep its short-term interest rate unchanged at 0.25%, a level last reached in 2008. This decision aligns with market expectations and reflects the central bank’s cautious stance amid a...
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Germany Inflation Rate
Germany’s annual inflation rate experienced a notable increase in October 2024, rising to 2%, marking the highest rate in three months. This uptick follows a 3.5-year low of 1.6% in September and exceeds forecasts, which anticipated an inflation rate of...
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United States GDP Growth Rate
In Q3 2024, the US economy grew at an annualized rate of 2.8%, a slight decline from the 3% growth recorded in Q2 and below the expectations set by analysts. This growth rate, reported by the Bureau of Economic Analysis...
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United States Dallas Fed Manufacturing Index
In October 2024, the Federal Reserve Bank of Dallas reported a modest improvement in Texas manufacturing activity, with the general business activity index rising to -3, up from -9 in September. This marks the mildest contraction since the sequence of...
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United States Durable Goods Orders
In September 2024, U.S. durable goods orders dropped by 0.8%, or $2.2 billion, reaching a total of $284.8 billion. This follows a similar 0.8% decline in August, reflecting a cooling in manufacturing demand. The decrease came slightly better than market...
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