Australian PMI composite falls to 49.9, bolsters case for early RBA rate cut
Australia’s December PMI data pointing to a broad-based slowdown. The Manufacturing index fell from 49.4 […]
NZ BNZ services jumps to 49.5, closer to stability
New Zealand’s BusinessNZ Performance of Services Index rose significantly from 46.2 to 49.5 in November, […]
ECB officials signal more rate cuts Ahead, gradual path to neutral
A day after ECB reduced its deposit rate by 25 basis points to 3.00%, key […]
Eurozone industrial production stagnates in Oct
Eurozone industrial production stagnated in October, recording 0.0% mom growth, in line with expectations. The […]
UK economy contracts -0.1% mom in Oct, dragged down by weak production
UK GDP fell by -0.1% mom in October, disappointing expectations for 0.1% mom growth. The […]
Japan’s Tankan Survey: Manufacturing Confidence Improves to 14
Confidence among Japan’s major manufacturers showed a modest recovery in Q4, breaking a two-quarter decline. […]
NZ BNZ PMI falls to 45.5, 21st month of contraction
New Zealand’s BNZ Performance of Manufacturing Index dipped from 45.7 to 45.5 in November, marking […]
US PPI up 0.4% mom, 3.0% yoy, highest annual rise since Feb 2023
US PPI for final demand rose 0.4% mom in November, above expectation of 0.3% mom. […]
US initial jobless claims rise to 242k, above exp 221k
US initial jobless claims rose 17k to 242k in the week ending December 7, above […]
ECB cuts to 3.00%, projects inflation steady around target through 2027
ECB cut its deposit rate by 25bps to 3.00%, aligning with market expectations. The overall […]
Ifo flags structural risks as German economy faces subdued 0.4% growth next year
Germany’s economy is forecast to contract by -0.1% in 2024, according to the Ifo Institute. […]
Japan’s PMI composite rises to 50.8, stubborn inflation caps growth
Japan’s private sector activity showed a modest improvement in December, driven by a stronger services […]