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GLOBAL NEWS
Oct 15 2024 5:23PM
U.K. unemployment rate fell to 4.0% from June to August 2024, down from 4.1% in the previous three-month period.The number of people claiming for unemployment benefits increased by 27.9 thousand to 1.797 million in September 2024, following a revised 0.3 thousand rise in the previous month.

Eurozone industrial production increased 1.80% in August of 2024 over the previous month. Industrial Production Mom averaged 0.08%, reaching an all time high of 13.50% in May of 2020 and a record low of -18.60% in April of 2020. 

Eurozone ZEW Indicator of Economic Sentiment climbed by 10.8 points to 20.1 in October of 2024. The current economic situation fell by 0.4 points to -40.8 and inflation expectations went up by 7.6 points to -20.9. 

Germany’s wholesale prices dropped by 1.6% year-on-year in September 2024, steeper than the 1.1% decline in the previous month. On a monthly basis, wholesale prices shrank by 0.3%, against the consensus of a 0.2% growth, following a 0.8% fall in August. 

German ZEW Indicator of Economic Sentiment soared to 13.1 in October 2024 from 3.6 in September. The assessment of the economic situation in Germany continued to worsen (-86.9, the lowest since May 2020 vs -84.5 in September). 

French annual inflation rate fell to 1.1% in September 2024, revised lower from an initial estimate of 1.2% and down from 1.8% in August. Monthly, the CPI dropped by 1.3%, exceeding the preliminary estimate of a 1.2% decline.

Japan industrial production declined by 3.3% month-over-month in August 2024, following a 3.1% growth in the previous month. Yearly, industrial production contracted 4.9%, reversing a 2.9% increase in July.