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France faces record heat in 2022

Meteo France, France’s national meteorological agency, reports that 2022 will be the warmest year in France since it began collecting data. The average temperature will be above 14.2 degrees Celsius throughout the year. In early November, the French health authority…

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U.S. consumer spending up 0.8% in October

According to the U.S. Commerce Department, personal spending by U.S. consumers rose 0.8% in October, in line with analysts’ expectations, after increasing 0.6% in September. In addition, personal income rose 0.4% in October, while savings fell to 2.3%, the lowest…

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Eurozone manufacturing shrinks for 5th consecutive month

S&P Global reported that the final Eurozone manufacturing Purchasing Managers’ Index rose to 47.1 in November, a two-month high from 46.4 in October. However, the PMI index remained below 50, indicating that the Eurozone manufacturing sector continues to contract, declining…

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