chaos is just unknown order
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Eurozone economy slips back into contraction in November
The euro area economy fell back into contraction during the penultimate month of 2024, latest HCOB PMI® survey data showed. After stabilising in October, business activity levels decreased at the fastest pace since January amid a renewed decline in services output. Weak demand conditions remained apparent across the eurozone, with new private sector orders shrinking for a sixth month in a row and at the sharpest pace in the year-to-date. There was a particularly notable reduction in sales to non-domestic clients. Employment also fell further, while business confidence dropped to a 12-month low. Meanwhile, rates of ... (full story)
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- Dec 4, 2024 4:03am Dec 4, 2024 4:03am
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Luxyus - Joined Dec 2020 | Status: TIME is my GAIN | 146 Comments
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From pmi.spglobal.com|Dec 4, 2024|5 commentsBusiness activity fell across Germany's service sector for the first time in nine months in November, with the sector's resilience finally breaking amid a sustained deterioration ...
From pmi.spglobal.com|Dec 4, 2024France's service sector recorded its third successive month of decline, latest HCOB PMIŽ data showed, indicating a sustained deterioration in activity across the sector since the ...
From pmi.spglobal.com|Dec 4, 2024The 2024 trend of Italian service sector expansion was brought to an end in November, as business activity declined for the first time in 11 months. Providing clear signs of ...
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From @financialjuice|Dec 4, 2024post:
OECD RAISES 2024 US GROWTH FORECAST TO 2.8% (2.6% PREVIOUSLY), RAISES 2025 TO 2.4% (FROM 1.6%) SEES 2026 AT 21%. post: OECD SEES 2024 GLOBAL GROWTH AT 3.2% (UNCHANGED), SEES 3.3% IN 2025 AND 2026 (2025 RAISED FROM 3.2% PREVIOUSLY). post: OECD SEES JAPANESE ECONOMY CONTRACTING 0.3% IN 2024 (-0.1% PREVIOUSLY), REBOUNDING TO 1.5% IN 2025 (1.4% PREVIOUSLY), SEES 2026 AT 0.6%. post: OECD CUTS 2025 FORECAST FOR GERMAN ECONOMY TO 0.7% GROWTH VS 11% PREVIOUSLY. post: OECD SEES EURO ZONE GROWTH AT 0.8% IN 2024 (0.7% PREVIOUSLY), 1.3% IN 2025 (UNCHANGED) AND 1.5% IN 2026
From @financialjuice|Dec 4, 2024|3 commentspost:
BOE GOV. BAILEY SEES FOUR UK INTEREST RATE CUTS NEXT YEAR - FT. post: BOE GOV. BAILEY: WE EMPHASISED THE WORD GRADUAL ON OUTLOOK FOR RATES. post: BOE'S BAILEY: DISINFLATION PROCESS IS WELL EMBEDDED BUT WE HAVE FURTHER TO TRAVEL. post: BOE GOV. BAILEY: A LOT OF TIGHTENING IS EMBEDDED IN THE BUDGET. post: BOE GOV. BAILEY: WE LOOK AT FISCAL TIGHTENING IN THE BUDGET BUT THE KEY IS THE RESPONSE OF EMPLOYERS TO NATIONAL INSURANCE INCREASE.
From pmi.spglobal.com|Dec 4, 2024November data indicated a sustained loss of momentum across the service economy, with business activity and new orders expanding at weaker rates than in the previous month. ...
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- Posted: Dec 4, 2024 4:01am
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