Recent economic reports have revealed mixed performance in manufacturing across various regions for December 2023. Italy's Manufacturing Purchasing Managers' Index (PMI) exceeded expectations, registering at 45.3 against a forecast of 44.2, showing a slight improvement from the previous 44.4. Germany's manufacturing sector continued to struggle, with the final PMI for December 2023 coming in at 43.3, marginally above both the forecast and the previous figure of 43.1. The French and Eurozone manufacturing PMIs also reported, but specific figures were not provided. Similarly, the UK's manufacturing PMI indicated a contraction, with a final actual figure of 46.2, slightly below the forecast of 46.4 and matching the previous reading. Norway, on the other hand, showed a positive turn in its manufacturing activity, with a PMI of 51.7, an increase from the previous 49.9. In the broader Eurozone, the M3 Money Supply saw an annual contraction of 0.9%, which was slightly better than the forecasted and previous -1.0%. Meanwhile, Europe's private sector loans grew by 0.5% year-on-year, falling short of the expected 0.8% and dropping from the previous 0.6%. Additionally, reports indicate that China's factory contraction deepened in December, suggesting more economic stimulus may be on the horizon.
China December factory contraction deepens, more stimulus on the cards - Reuters https://t.co/RA1oERULuj
UK factory revival prospects suffer setback in December - PMI https://t.co/iNvc2qiqvv https://t.co/WXZSWsxdyh
🔴 UK MFG PMI DECEMBER 2023 FULL REPORT https://t.co/jHsuS4el17
🔴 ⚠️ BREAKING: UK MFG PMI FINAL ACTUAL 46.2 (FORECAST 46.4, PREVIOUS 46.4) $MACRO
🔴 EUROZONE MONEY-M3 NOVEMBER 2023 FULL REPORT https://t.co/4ytVlLbkD6
🇪🇺 Europe Private Sector Loans (YoY) $EUR Actual: 0.5% 🔴 Expected: 0.8% Previous: 0.6%
🔴 EUROZONE MFG PMI DECEMBER 2023 FULL REPORT https://t.co/uMf7T0SLt1
🔴 EUROZONE MONEY-M3 ANNUAL GROWTH ACTUAL -0.9% (FORECAST -1%, PREVIOUS -1.0%) $MACRO
🔴 NORWEGIAN MANUFACTURING PMI ACTUAL 51.7 (FORECAST -, PREVIOUS 49.9) $MACRO
🇪🇺 Europe M3 Money Supply (YoY) (Nov) $EUR Actual: -0.9% 🟢 Expected: -1.0% Previous: -1.0%
🔴 GERMAN MFG PMI DECEMBER 2023 FULL REPORT https://t.co/S8wajN5hcC
🔴 ⚠️ BREAKING: GERMAN MFG PMI FINAL ACTUAL 43.3 (FORECAST 43.1, PREVIOUS 43.1) $MACRO
🔴 FRENCH MFG PMI DECEMBER 2023 FULL REPORT https://t.co/6dP85JpiOo
🔴 ITALIAN MFG PMI DECEMBER 2023 FULL REPORT https://t.co/EmqXmk77J1
🔴 ITALIAN MANUFACTURING PMI ACTUAL 45.3 (FORECAST 44.2, PREVIOUS 44.4) $MACRO