Key Events Around the Globe: Dec 24

U.S. Economy Grows Much More Than Expected In Q3

A report released by the Commerce Department on Tuesday showed the U.S. economy grew by much more than expected in the third quarter of 2025. The Commerce Department said real gross domestic product spiked by 4.3 percent in the third quarter after surging by 3.8 percent in the second quarter. Economists had expected GDP to jump by 3.3 percent. The stronger than expected GDP growth in the third quarter reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment.

U.S. Industrial Production Rises 0.2% In November, Slightly More Than Expected

A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased by slightly more than expected in the month of November. The Fed said industrial production rose by 0.2 percent in November after edging down by 0.1 percent in October. Economists had expected industrial production to inch up by 0.1 percent. The slightly bigger than expected increase by industrial production largely reflected a rebound by mining output, which jumped by 1.7 percent in November after falling by 0.8 percent in October.

U.S. Consumer Confidence Deteriorates For Fifth Straight Month In December

Consumer confidence in the U.S. deteriorated for the fifth consecutive month in December, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index slid to 89.1 in December from an upwardly revised 92.9 in November. Economists had expected the consumer confidence index to rise to 91.9 from the 88.7 originally reported for the previous month.

Brazil’s IPCA-15 Inflation Rises to 0.25% in Mid-December

Brazil’s IPCA-15 consumer price index increased 0.25% in the month to mid-December, according to data released Tuesday by government statistics agency IBGE. The latest inflation reading showed an acceleration from the 0.20% rate recorded in the previous month. However, the figure came in slightly below market expectations, as economists had projected a 0.27% increase for the period. The IPCA-15 is considered a preview of Brazil’s official inflation rate and tracks price changes from the middle of one month to the middle of the following month

Source – HSL Prime Daily, 24 Dec 2025

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