Canadian economic growth took a step back in November, falling 0.2% month-on-month (m/m). This was a tick below Statistics Canada’s advanced guidance and consensus expectations. Early estimates from Statistics Canada point to a 0.2% m/m rebound for December GDP growth, due in part to increases in retail trade, manufacturing, and construction activity. November’s reading was […]
The improvement in Germany’s business climate stalled in May, according to data released by Ifo. The index remained at the same level of 89.3 as a month earlier. The indicator was last higher in May last year, but analysts, on average, were expecting a further increase to confirm the more positive PMI reading released last […]
The post German Business Climate Worse Than Expected; Euro/Pound Under Pressure appeared first on Action Forex.
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