China Loan Prime Rate
In a bid to support its slowing economy, China has once again cut its key lending rates to historic lows. This move by the People’s Bank of China (PBoC) reflects the government’s broader efforts to stabilize the economy amid financial...
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United States Building Permits
Building permits in the United States experienced a notable decline in September 2024, dropping by 2.9% to a seasonally adjusted annual rate of 1.428 million. This figure fell short of market expectations, which had projected a rate of 1.46 million....
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United Kingdom Retail Sales
Retail sales in the UK surprised analysts in September 2024 with a 0.3% rise, beating forecasts of a 0.3% decline. This follows a strong 1% growth in August, indicating that consumer spending remains resilient despite economic challenges. Non-food stores were...
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China Retail Sales
In September 2024, China’s retail sales experienced a strong growth of 3.2% year-on-year, surpassing both the 2.1% rise from August and market forecasts of a 2.5% increase. This marks the highest growth since May, highlighting a resurgence in consumer spending...
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China Industrial Production
China’s industrial production grew by 5.4% year-on-year in September 2024, exceeding the 4.6% forecast and up from August’s 4.5%, which marked a five-month low. This acceleration is a clear sign of the government’s efforts to revive economic activity. The growth...
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China GDP Annual Growth Rate
China’s economy expanded by 4.6% year-on-year in Q3 2024, slightly above market expectations of 4.5% but below the 4.7% rise recorded in Q2. This marks the slowest growth rate since Q1 2023, highlighting several challenges faced by the country. Stimulus...
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Japan Inflation Rate
Japan’s annual inflation rate slowed to 2.5% in September, down from 3.0% in August, reaching its lowest point since April. This decline reflects easing pressures on energy and consumer prices, with electricity price growth falling to 15.2% from 26.2% in...
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United States Initial Jobless Claims
In the week ending October 12, 2024, U.S. initial jobless claims dropped by 19,000 to 241,000, marking the largest decrease in three months. This decline came in below market expectations of 260,000 and follows a surge in claims caused by...
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U.S. Retail Sales
In September 2024, U.S. retail sales experienced a 0.4% increase month-over-month, surpassing both the 0.1% gain in August and market expectations of a 0.3% rise. This marks a positive boost in consumer spending, particularly as certain sectors showed stronger-than-expected growth....
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United Kingdom Inflation Rate
In September 2024, the UK’s annual inflation rate dropped significantly to 1.7%, marking the lowest level since April 2021. This decline from 2.2% in August also fell below the expected rate of 1.9%, signaling a continued easing of inflationary pressures...
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