Australia retail sales rise 0.3% in Q4, but trend remains weak

[ad_1]– Australian retail sales rose slightly in the fourth quarter of 2023, aided by increased discounts during the holiday season, although overall retail turnover during the quarter remained close to three-year lows  grew 0.3% quarter-on-quarter in the three months to December 31, data from the Australian Bureau of Statistics (ABS) showed on Tuesday. The … Read more

China services activity grows slightly below expectations in Jan- Caixin PMI

[ad_1]– Chinese service sector activity grew less than expected in January, a private survey showed on Monday, with the pace of growth slowing slightly from December amid persistent headwinds from a sluggish economic recovery. The (PMI) grew 52.7 in January, missing expectations for a reading of 53 and slowing from the 52. 9 seen … Read more

Australia trade balance beats expectations in Dec as exports improve

[ad_1]– Australia clocked a bigger-than-expected trade surplus in December as improved offshore demand for fuels and metals helped push up exports, while increased consumer spending during the year-end holidays supported imports.  The country’s showed a surplus of A$10.96 billion in December, data from the Australian Bureau of Statistics showed on Monday. The reading was … Read more

Vardhman Special Steels’ Q3 FY2024 Report – EBITDA Margin Remains Resilient

[ad_1] By Aayush Khanna Vardhman Special Steels Limited, a leading producer of special steels for automotive, engineering, tractor, bearing, and allied industries in India, announced its unaudited financial results for the third quarter and nine months ended 31 December 2023, during a Board meeting held on 2 February 2024. For the quarter ended 31 December … Read more

Affle’s Strong Growth Trajectory: Q3 FY24 Performance Highlights

[ad_1] “Affle’s Strong Growth Trajectory: Q3 FY2024 Performance Highlights and Strategic Vision” Affle’s Q3 FY24 showcased impressive growth, with consolidated revenue reaching INR 498.7 crore, marking a 32.6% increase year-on-year and a 15.6% increase quarter-on-quarter. EBITDA rose to INR 96.7 crore, up by 20.3% year-on-year and 10.9% quarter-on-quarter, with an EBITDA margin of 19.4% in … Read more

Chinese manufacturing activity rises as expected in Jan- Caixin PMI

[ad_1]– China’s manufacturing sector grew as expected in January, a private survey showed on Thursday, with local manufacturers continuing to see growth in new orders and output amid a mild improvement in demand.  The rose 50.8 in January as expected, keeping its pace of growth steady from the prior month. A reading above 50 … Read more

U.S. core PCE price index rises by 0.2% month-on-month

[ad_1] — rose by 0.2% as expected in December, a rate that, if sustained, many economists believe could help cool inflation back down to the Federal Reserve’s target. When compared to the year-ago period, the so-called “core” personal consumption expenditures price index, which excludes volatile items like food and fuel, increased by 2.9% last … Read more

Tokyo CPI inflation falls more than expected to 22-month low in January

[ad_1]– Consumer price index inflation in Japan’s capital fell more than expected in January, falling below the 2% level for the first time in 20 months, although a bulk of the decline was driven by government measures to curb utility prices. , which excludes volatile fresh food prices, grew an annualized 1.6% in January- … Read more

New Zealand CPI inflation eases as expected in Q4, still above RBNZ target

[ad_1]– New Zealand consumer inflation grew at a slower pace in the December quarter, meeting expectations as high interest rates continued to deter spending, although the print still remained well above the Reserve Bank’s target range. (CPI) inflation rose 0.5% quarter-on-quarter, slowing from the 1.8% growth seen in the prior quarter, data from Statistics … Read more