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Economy

Japanese Household Spending Stagnates as Inflation Bites

Japanese household spending showed signs of improvement in November, though the broader consumption trend remains soft, Reuters reports, citing government data released Friday. The trend is attributed to persistent inflationary pressures. Consumer spending decreased by 0.4% year-on-year, slightly better than the anticipated 0.6% decline. However, on a seasonally

Australian Retail Sales Growth Stalls, Fueling Rate Cut Expectations

Australian retail sales growth slowed in November, increasing by less than expected despite pre-Christmas and Black Friday discounts, Bloomberg reports. This underscores the cautious consumer sentiment and strengthens the case for an interest rate cut in the near future. Retail sales rose 0.8% month-over-month, falling short of the projected

China's Inflation Nears Zero Despite Stimulus Efforts

China's consumer inflation weakened further in December, ending the year near zero and extending a four-month deceleration, Bloomberg reports. This setback dampens the impact of government stimulus aimed at combating deflation and boosting demand. The consumer price index (CPI) rose just 0.1% year-on-year, matching the median forecast

Brazil's Industrial Output Suffers Second Consecutive Monthly Decline

Brazil's industrial sector experienced its second consecutive monthly decline in November, according to data released Wednesday and reported by Reuters. This indicates a potential cooling of the economy as the central bank implements a restrictive monetary policy to combat inflation. Industrial production decreased by 0.6% in November

China's Factory Growth Stumbles as US Trade Fears Weigh

China's factory activity expanded at a slower-than-anticipated pace in December, as overall sales were dampened by weakening export orders amid growing concerns about the trade outlook, as reported by the South China Morning Post, citing a private sector survey released Thursday. The Caixin/S&P Global manufacturing

Trade War Could Trigger China's "Deflation Export" to Europe: Knot

The potential for a US-China trade war looms large, with the incoming Trump administration threatening tariffs that could have significant repercussions for the global economy, including the risk of China "exporting deflation" to Europe by selling goods at discounted prices, according to European Central Bank Governing Council member

Senegal's Economic Growth Surges on Oil Boom

Senegal's economic growth surged to a record high in the third quarter, fueled by the commencement of oil exports, reports Bloomberg. The International Monetary Fund (IMF) forecasts the West African nation's economy to expand by 9.3% in 2024. The National Agency of Statistics and Demography

China's Manufacturing Resilience Continues: Reuters Poll Shows 3rd Month of Expansion

China's manufacturing sector likely expanded for a third consecutive month in December, according to a Reuters poll of 28 economists. The official purchasing managers' index (PMI) is forecast to hold steady at 50.3, marking the third month above the 50-point threshold that indicates growth, as reported

Spanish Inflation Accelerates, But Still Supports Gradual ECB Rate Cuts

Spanish inflation unexpectedly quickened in December, rising to 2.8% year-on-year, according to data released Monday by the national statistics agency. This marks the second consecutive month above the 2% threshold and is stronger than the 2.6% median forecast from economists surveyed by Bloomberg. The rise in inflation, as

Japan's Factory Contraction Slows in December: Reuters PMI

Japan's manufacturing sector continued to contract in December, but at a slower pace than in November, according to a private-sector survey released Monday by S&P Global Market Intelligence. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) edged up to 49.6 in