Japanese inflation slowed in December to its lowest in 17 months, according to figures released late on Thursday by the government, as energy prices fell and upwards pressure on core consumer prices eased.
China’s economy continued to struggle at the end of last year as it recorded another decline in population and fourth-quarter gross domestic product expanded at 5.2%, just missing estimates of 5.3%.
The New York Empire State manufacturing index fell to -43.7 in January, according to the Federal Reserve, the lowest reading since May 2020, pointing to a sharp drop in manufacturing activity in the state.
The German economy contracted in 2023 as price pressures impacted economic activity, according to the first calculations of the Destatis, the country's federal statistical office.