International Economic
ISM US services PMI unexpectedly falls in December
The Institute for Supply Management's services PMI unexpectedly fell to 50. 6 in December, the lowest reading seen in seven months, down from both 52. 7 in November and expectations for a reading of 52. 6.
US economy adds 216,000 jobs in December 2023
The US economy added 216,000 jobs in December, according to the Bureau of Labor Statistics, up from November's downwardly revised print of 173,000 and well ahead of market forecasts for a reading of 170,000.
Eurozone inflation rises less than expected in December
Inflation in the eurozone accelerated in December, according to Eurostat on Friday, but by less than expected, reinforcing expectations that the European Central Bank will soon move to cut interest rates.
German retail sales tank in November
German retail sales dropped sharply in November as non-food sales tanked, according to the federal statistics office, Destatis.
German inflation rises as expected as energy prices temporarily jump
Flash estimates for Germany's consumer price index (CPI) for December showed a sharp uptick in annual inflation, though it was largely as expected after a plunge in energy prices the year before.
US private sector adds more jobs than expected in December - ADP
Private sector employment in the US rose more than expected in December, according to figures released on Thursday by ADP.
US jobless claims slow in last week of 2023
Americans lined up for unemployment benefits at a decelerated clip in the week ended 30 December, according to the Labor Department, hitting the lowest claim count since October.
China services sector expands more than expected in December - Caixin
Activity in China’s services sector expanded more than expected in December, according to a survey released on Thursday.
Rate cuts likely in 2024 but outlook still uncertain, FOMC minutes show
The Federal Open Market Committee (FOMC) discussed at its last meeting that interest-rate cuts were likely to happen in 2024, but didn't give any details on when the central bank might start to loosen monetary policy.
US manufacturing downturn eases more than expected, ISM data shows
The manufacturing downturn in the US eased a little more than expected in December, according to the Institute for Supply Management's purchasing managers' index (PMI) released on Wednesday.
US job openings near three-year low in November
US job openings decreased by 62,000 in November, hitting their lowest level in almost three years, according to the Bureau of Labor Statistics.
Fed's Barkin sees soft landing, but warns cautious approach still needed
The US economy is probably heading for a soft landing but geopolitical tensions meant that a cautious approach was still needed by policymakers, a central bank official said on Wednesday.
US mortgage applications sink 10.7% week-on-week
US mortgage applications sank by 10. 7% in the week ended 29 December, according to the Mortgage Bankers Association, the fastest weekly decline seen since February and despite lower Treasury yields and mortgage rates,.
German unemployment rises at slower-than-expected rate in December
Unemployment rose at a slower-than-anticipated rate in Germany during December, according to the Federal Employment Agency, while the annual unemployment rate was one of the lowest since German reunification.
US manufacturing PMI falls to 47.9 in December
S&P Global's manufacturing PMI fell to 47. 9 points in December, down from 49. 40 in November and a preliminary reading of 48. 2, indicating that manufacturing conditions had deteriorated further last month.
US construction spending rises 0.4% in November
Construction spending rose 0. 4% month-on-month in November to seasonally adjusted annual rate of $2. 05bn, according to the Census Bureau, following an upwardly revised 1. 2% rise in October and falling short of consensus estimates for a reading of 0. 6% growth.
Eurozone manufacturing downturn continued in December
Manufacturing activity in the eurozone declined for the ninth straight month in December, according to new figures released Tuesday by S&P Global and Hamburg Commercial Bank (HCOB).
Diverging China manufacturing PMIs point to mixed outlook in December
Two closely watched surveys covering China's manufacturing sector showed a divergence in economic activity in December, with official government figures pointing to a continued contraction and a Caixin Global report indicating a pick-up in growth.