November 17, 2025
United States:
New York Factory Activity Expands at Fastest Pace in a Year
New York state factory activity in November expanded at the fastest pace in a year as new orders and shipments picked up.
The Federal Reserve Bank of New York’s general business conditions index increased 8 points to 18.7, figures issued Monday showed. Readings above zero indicate expansion, and the number exceeded all estimates in a Bloomberg survey of economists.
Europe:
Euro Zone Set for Moderate Growth After Resilience in 2025
The euro-area economy will maintain its moderate expansion after weathering Donald Trump’s tariff turmoil better than expected, according to the European Commission.
Output will rise 1.3% in 2025, 1.2% in 2026 and 1.4% in 2027, the European Union’s executive arm said Monday in its autumn outlook. That’s an upgrade for this year compared with May’s prediction, and a small downgrade for 2026.
Asia:
Japan’s Falling GDP Backs Takaichi’s Case for Big Fiscal Package
Japan’s economic contraction over the summer will support Prime Minister Sanae Takaichi’s case to compile an ambitious stimulus package even as the central bank stays on track for a rate hike in coming months.
Japan’s real gross domestic product shrank by 1.8% on an annualized basis in the three months through September, the first decline in six quarters, according to a Cabinet Office report Monday.
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