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Malaysia unemployment rate stays at 3.2% in November

January 12, 2025 3:52 pm
The jobless rate in Malaysia was reported at 3.2% in November, down from 3.3% in the same month of 2023. The rate has remained at its lowest level since January 2020 for a fourth month in a row. The number of unemployed persons went down 4.0% year-on-year to a five-month low of 546,700 in November, […] Read more

Italy retail sales drop for 2nd month in November

January 12, 2025 11:08 am
Retail sales in Italy decreased 0.4% from a month ago in November, following a 0.5% drop in October, data by the National Institute of Statistics showed. In comparison, a consensus of analyst estimates had pointed to a 0.2% growth. Sales dropped at a slower rate for food items, by 0.1% compared to a 0.7% decrease […] Read more

Sweden GDP grows the most since January 2023

January 12, 2025 9:53 am
Sweden’s economy grew at a monthly rate of 1.4% in November, as it recovered from a 0.4% contraction in the prior month, data by Statistics Sweden showed. It has been the sharpest monthly growth since January 2023. “November saw an upturn in economic activity with growth in both goods- and service-producing industries as well as […] Read more

Norway producer prices rise the most since December 2022

January 11, 2025 10:59 am
Producer prices in Norway have surged at the sharpest annual rate since December 2022 in December last year, data by Statistics Norway showed. Producer prices rose 9.3% year-on-year in December after a flat performance in the prior month. The latest figure was mostly driven by a rebound in oil and natural gas extraction prices (+17% […] Read more

Sweden CPI inflation slows to 4-year low of 0.8%

January 8, 2025 9:43 am
Sweden’s annual consumer inflation has eased to its lowest level since December 2020 in December last year. The inflation rate slowed to 0.8% in December from 1.6% in the prior three months, the latest data by Statistics Sweden showed. Market consensus had pointed to a lesser slowdown, to 1%. Sweden’s consumer price index with a […] Read more

Germany factory orders drop the most since August

January 8, 2025 7:50 am
New orders received by German manufacturers have shrunk at the steepest monthly rate since August in November. Factory orders dropped 5.4% month-over-month in November, compared to a 1.5% slump in October and market consensus of zero growth. The latest figure was mostly driven by a 58.4% drop in orders for aircraft, ships and trains, data […] Read more

Singapore Forex reserves surge in December

January 7, 2025 2:05 pm
Foreign exchange reserves in Singapore have risen to SGD 506.71 billion in December from SGD 505.74 billion in November, the latest data by the Monetary Authority of Singapore showed. The latest figure was mostly driven by increases in: – Gold & Foreign Exchange (SGD 496.54 billion up from SGD 495.64 billion in November); – Special […] Read more

Norway manufacturing production rebounds in November

January 7, 2025 8:42 am
Manufacturing production in Norway was reported to have increased at a monthly rate of 1.1% in November, while recovering after three straight months of declines, data by Statistics Norway showed. In November, production rebounded for: – textiles, wearing apparel, leather (5.8% after a 5.6% drop in October); – paper and paper products (1.2% after a […] Read more

Switzerland retail sales growth falls short of estimates

January 6, 2025 4:43 pm
Retail sales in Switzerland were reported to have risen at the slowest annual rate since June in November. Retail sales went up 0.8% year-on-year in November, while slowing from a revised up 1.5% rise in October, the latest data by the Swiss Federal Statistical Office showed. The actual figure fell short of market consensus of […] Read more

India Forex reserves drop to lowest in eight months

January 5, 2025 3:18 pm
India’s foreign exchange reserves have eased to their lowest level since April. Foreign exchange reserves held by the Reserve Bank of India decreased to $640 billion in the last week of 2024, the latest data showed. This has extended the drop from the record high of $704.9 billion registered in the last week of September. […] Read more