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The US Drops Out Of Global Competitiveness Top 10 For First Time Ever | ZeroHedge

Post author:bitcointalk
Post published:21.06.2024
Post category:ECONOMICS
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Singapore, Switzerland and Denmark have been named the world’s most competitive economies in the 2024 World Competitiveness Ranking published by the International Institute for Management Development (IMD) on Tuesday. While Denmark dropped two spots after topping the list in 2022 and 2023, Singapore leapt from 4th place to number 1 thanks to very high scores in government and business efficiency.

You will find more infographics at Statista

As Statista's Felix (more…)

After A Year In “Recovery”, The Economy Is Once Again Contracting | ZeroHedge

Post author:bitcointalk
Post published:20.06.2024
Post category:ECONOMICS
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Despite a solid bear steepener today – with Macros selling 10s in what may be an early frontrunning of the Norinchukin liquidation – Nomura's Charlie McElligott writes that the bank's Treasury desk flows have continued to favor Customer buying of both rallies and dips, "particularly with foreign Real Money / Japan / Officials, and extending the recent theme where buying is pushing deeper into Duration (as expressed by the strong 30Y and 20Y auctions)…all a function of (more…)

US Industrial Production Surges In May, Biggest MoM Jump Since Jan 2023 As ISM Tumbles | ZeroHedge

Post author:bitcointalk
Post published:18.06.2024
Post category:ECONOMICS
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US Industrial Production surged 0.9% MoM in May (triple the 0.3% MoM expected and well up from the unchanged MoM print in April). That is the biggest MoM jump since Jan 2023 and lifted the YoY print to +0.39%…

Source: Bloomberg

That is the biggest beat of expectations since July 2023 (and above all estimates)…

Source: Bloomberg

Manufacturing output also climbed 0.9%, led by consumer goods, after a revised 0.4% April decrease, lifting the YoY (more…)