Table of Contents:
The PCE inflation figure and its implications
In December 2024, the PCE (Personal Consumption Expenditures Price Index) inflation figure, closely monitored by the Federal Reserve, showed an increase of 0.3% compared to the previous month. This result, although slightly below the expectations that expected an increase of 0.4%, is perfectly in line with the forecasts on an annual basis, showing an increase of 2.6% compared to the same month of the previous
year.
Analysis of the core component of the PCE
Particularly interesting is the core component of the PCE, which excludes volatile elements such as food and energy. This registered a growth of 0.2% compared to the previous month, maintaining an increase of 2.8% year-on-year. These data are in line with analysts’ expectations and suggest a stable trend in inflation, which has remained constant in the previous two months. The data on the PCE, published by the United States Department of Commerce, are essential for analyzing the trend of personal income and consumer spending, providing a clear picture of the country’s economic health
.
Electrolux performance in the fourth quarter
Another significant aspect to consider is the Electrolux report, which showed a significant improvement in the fourth quarter of 2024. The company reported an operating profit of 150 million Swedish kronor, a surprising result compared to the loss recorded in the same period of the previous year. Annual revenues increased by 1%, and CEO Yannick Fierling highlighted the progress made and future strategies to continue growing in the global market. This improvement is a positive sign not only for the company, but also for the industrial sector in general, which is facing significant challenges
.
Producer price trends in Italy
In Italy, ISTAT data for December 2024 showed an increase in industrial producer prices of 0.6% on a monthly basis and by 1.1% on an annual basis. These growths are particularly significant in the domestic market, while the foreign market recorded smaller increases. The analysis for the fourth quarter shows an overall increase of 1.6%, suggesting a recovery in economic activity and a greater demand for industrial goods
.
Growth in retail sales in Spain
Finally, retail sales in Spain showed a growth of 4% year-on-year in December 2024, according to the Spanish National Institute of Statistics. This increase exceeded analysts’ forecasts, who expected an increase of 0.5%. This result is indicative of a recovery in consumer confidence and higher spending, key elements for the country’s economic growth. The positive start for European stock exchanges, with the Ftse Mib rising by 0.3%, reflects a climate of optimism among investors, supported by these
encouraging economic data.
