The euro zone business sector started 2025 with a minor return to growth - HDFC Securities Ltd
Key Events
US existing home sales show modest growth, beating forecasts
The US housing market showed signs of modest growth as the Existing Home Sales. The actual number of sales for the previous month came in at an annualized rate of 4.24 million.
US consumer sentiment dips below forecast, signaling caution
The Michigan Consumer Sentiment Index has recorded a lower-than-expected figure in its latest release. The index came in at 71.1, falling short of the forecasted 73.2.
US business activity at nine-month low in January; hiring accelerates
U.S. business activity slowed to a ninth-month low in January amid rising price pressures, but firms reported boosting hiring, its flash U.S. Composite PMI Output Index, declined to 52.4 this month. That was the lowest level since April and was down from 55.4 in December.
China manufacturing activity unexpectedly shrinks in Jan- PMI
Chinese manufacturing activity unexpectedly shrank in January, Manufacturing PMI fell to 49.1 in January, compared to expectations that it would remain steady at the 50.1 seen in December.
Euro zone businesses show slight growth in 2025
The euro zone business sector started 2025 with a minor return to growth. The preliminary composite euro zone PMI marked an increase to 50.2 in January from 49.6 in December, just surpassing the 50 threshold that separates growth from contraction.
Severe UK factory downturn eases marginally in January
A sharp downturn in British factories eased only slightly in January and optimism among manufacturers sagged to its lowest level in over two years. The Confederation of British Industry's monthly order book gauge improved in January to -34 from -40 in December, which had been a more than four-year low.
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