New Zealand's economy unexpectedly contracted by 0.3% in the third quarter of 2024, as high interest rates curbed consumer spending and investment. The GDP year-on-year also decreased by 0.6%. Additionally, the manufacturing PMI for New Zealand was reported at 46.7, while Australia's manufacturing PMI flash actual was 47.8. In other economic news, Japan's S&P Global flash manufacturing PMI for December decreased to 47.7 from 48.3 in November. France's flash PMI actual was reported at 43.7, and Germany's manufacturing PMI flash actual was 43.1. The Eurozone services flash PMI actual was 48.1, and the manufacturing PMI flash actual was 44.2. The UK's manufacturing PMI was reported at 46.4, while the services PMI rose to 52.7, surpassing the forecast of 51. The UK composite PMI and services PMI were also reported at 51.7 and 52.7 respectively.
π΄ UK FLASH PMI DECEMBER 2023 FULL REPORT https://t.co/THaHwhFDMY
π¬π§ United Kingdom S&P Global/CIPS UK Manufacturing PMI $GBP Actual: 46.4 π΄ Expected: 47.5 Previous: 47.2
π¬π§ United Kingdom S&P Global/CIPS UK Services PMI $GBP Actual: 52.7 π’ Expected: 51.0 Previous: 50.9
*UK DEC. MANUFACTURING PMI 46.4; FORECAST 47.5 *UK DEC. SERVICES PMI RISES TO 52.7; FORECAST 51
π¬π§ United Kingdom S&P Global/CIPS UK Composite PMI $GBP Actual: 51.7 π’ Expected: 50.9 Previous: 50.7
π΄ β οΈ BREAKING: UK SERVICES PMI FLASH ACTUAL 52.7 (FORECAST 51, PREVIOUS 50.9) $MACRO
π΄ EUROZONE FLASH PMI DECEMBER 2023 FULL REPORT https://t.co/KMWeycxB5E
*EURO-AREA DEC. MANUFACTURING PMI 44.2; FORECAST 44.6 *EURO-AREA DEC. SERVICES PMI FALLS TO 48.1; FORECAST 49
π΄ EUROZONE MFG PMI FLASH ACTUAL 44.2 (FORECAST 44.6, PREVIOUS 44.2) $MACRO
π΄ EUROZONE SERVICES FLASH PMI ACTUAL 48.1 (FORECAST 49, PREVIOUS 48.7) $MACRO
π΄ GERMAN FLASH PMI DECEMBER 2023 FULL REPORT https://t.co/Z2lBeJzxYb
π΄ β οΈ BREAKING: GERMAN MFG PMI FLASH ACTUAL 43.1 (FORECAST 43.2, PREVIOUS 42.6) $MACRO
*GERMANY DEC. MANUFACTURING PMI 43.1; FORECAST 43.2 *GERMANY DEC. SERVICES PMI FALLS TO 48.4; FORECAST 49.8
*FRANCE DEC. MANUFACTURING PMI 42; FORECAST 43.3 *FRANCE DEC. SERVICES PMI FALLS TO 44.3; FORECAST 46
π΄ FRENCH FLASH PMI NOVEMBER 2023 FULL REPORT https://t.co/oWbwyVSLyb
π΄ FRENCH COMP FLASH PMI ACTUAL 43.7 (FORECAST 45, PREVIOUS 44.6) $MACRO
π΄ JAPAN'S S&P GLOBAL FLASH MANUFACTURING PMI FOR DECEMBER AT 47.7, DOWN FROM 48.3 IN NOVEMBER.
π΄ AUSTRALIAN MFG PMI FLASH ACTUAL 47.8 (FORECAST -, PREVIOUS 47.7) $MACRO
π΄ NEW ZEALAND MANUFACTURING PMI ACTUAL 46.7 (FORECAST -, PREVIOUS 42.5) $MACRO
New Zealand economy unexpectedly contracts in third quarter https://t.co/MQggmhK8UZ https://t.co/lIulBHYqgS
New Zealandβs economy unexpectedly contracted in the third quarter as high interest rates curbed consumer spending and investment https://t.co/fhIeij51t9
New Zealandβs economy unexpectedly contracted in the third quarter as high interest rates curbed consumer spending and investment https://t.co/Mic9g0nSBB
BREAKING: New Zealand's economy contracts by 0.3% in the third quarter of 2024.
π΄ NEW ZEALAND GDP Q3 REPORT https://t.co/Q67PpIgxaq
β NEW ZEALAND GDP QOQ ACTUAL -0.3% (FORECAST 0.2%, PREVIOUS 0.9%, REVISED 0.5%)
π΄ NEW ZEALAND GDP YOY ACTUAL -0.6% (FORECAST 0.5%, PREVIOUS 1.8%) $MACRO