Weekly Newsletter

Weekly Newsletter

Business activity in the eurozone shrank at its slowest pace in four months

The Markit composite PMI for December came in at 48.8, better than market expectations of 48 and 47.8. According to the data, the pace of decline in business activity in the region slowed to a four-month low in December, suggesting that the potential future recession will be shallower than previously thought.

Brazilian service sector output fell 0.6 per cent in October from the previous month

Brazil's service sector output fell 0.6 per cent in October on a seasonally adjusted basis from the previous month, according to data released by the National Geographic statistics agency, ending five consecutive months of growth. Output in three of the country's five service sector sectors surveyed fell month-on-month in October.

Australia's annual inflation rate fell back to 6.9%

The Australian Bureau of Statistics recently released data showing that the country's annual inflation rate in the year to October was 6.9%, slightly down from 7.3% in the year to September, CCTV News reported. In addition, the country's business confidence fell to -4 in November, having previously remained above 0 since December 2021.

Malaysia's exports rose 15.6 per cent in November from a year earlier

On November 19, Reuters reported that Malaysia's exports rose 15.6% in November, higher than expected, according to data from the Ministry of International Trade and Industry. Imports rose 15.6 per cent in November from a year earlier. November's trade surplus was 22.3 billion ringgit ($5.05 billion).

Container traffic at the port of Long Beach fell 21% in November from a year earlier

The Port of Long Beach (LB) handled 588,700 TEU of containers in November, down 21 per cent from a year earlier. Among them, imported heavy container 259,400 TEU, down 28.4% year on year; The export of heavy containers was 12500 TEU, up 13.8% year on year; Empty container throughput was 204,300 TEUs, down 25.2% year-on-year

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