Reuters US Economy

China’s export growth likely slowed in July as US tariff deadline looms: Reuters poll

6 Aug 2025

BEIJING (Reuters) -China’s export growth probably slowed in July, as manufacturers await clarity on whether Beijing can reach a deal with its top consumer market, the United States, or if President Donald Trump will reinstate additional tariffs on Chinese goods. Outbound shipments were expected to have risen an annual 5.4% in value terms, according to …

China’s export growth likely slowed in July as US tariff deadline looms: Reuters poll Read More »

New Zealand labour market remains soft, adds to rate-cut expectation

6 Aug 2025

By Lucy Craymer WELLINGTON (Reuters) -New Zealand’s jobless rate rose slightly in the second quarter as the labour market remained soft, supporting the view that the central bank will proceed with a flagged 25 basis-point interest cut at its August policy meeting. The jobless rate reached 5.2% for April-June from 5.1% three months prior while …

New Zealand labour market remains soft, adds to rate-cut expectation Read More »

Analysis-Brazil’s economy ready to ride out Trump’s 50% tariff

6 Aug 2025

By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) -Brazilian goods imported by the United States will soon carry one of the highest tariffs imposed by President Donald Trump, but that will not likely derail Latin America’s largest economy, due to ample exemptions and stronger trade ties with China. The lower stakes for the Brazilian economy …

Analysis-Brazil’s economy ready to ride out Trump’s 50% tariff Read More »

From ingredient costs to sagging demand, tariffs further pinch company earnings

5 Aug 2025

By Arpan Varghese and Shashwat Chauhan (Reuters) -Companies across the corporate spectrum revealed more pain from the cost of U.S. President Donald Trump’s tariff war, with bellwethers Caterpillar, Marriott and others on Tuesday noting weaker demand and higher prices. All told, global companies that have reported earnings so far this quarter are looking at a hit …

From ingredient costs to sagging demand, tariffs further pinch company earnings Read More »

Canada’s trade deficit widened in June to second largest on record

5 Aug 2025

By Promit Mukherjee OTTAWA (Reuters) -Canada’s merchandise trade deficit widened in June to C$5.9 billion ($4.24 billion) as imports grew faster than exports due to a one-time high-value oil equipment import, data showed on Tuesday. The deficit observed in June is the second highest on record after the deficit expanded to its largest in history …

Canada’s trade deficit widened in June to second largest on record Read More »

India must sharpen focus on domestic drivers to sustain 7%–8% growth, minister says

5 Aug 2025

NEW DELHI (Reuters) -Sustaining India’s 7%–8% growth needs a sharp focus on domestic drivers in a global environment marked by protectionism and deglobalisation, a minister said on Tuesday, according to a government statement. India remains committed to a strategy centered on deregulation and infrastructure investment, Rao Inderjit Singh, junior minister in the Ministry of Statistics and …

India must sharpen focus on domestic drivers to sustain 7%–8% growth, minister says Read More »

Japan to lower FY2025 GDP growth estimate due to US tariffs, Nikkei says

5 Aug 2025

TOKYO (Reuters) -Japan’s Cabinet Office will lower its fiscal 2025 gross domestic product real growth rate forecast from around 1.2% seen in January after factoring in the impact of U.S. tariff policies, the Nikkei business daily reported on Tuesday. Japan’s government also said its primary budget surplus in the fiscal year 2026 starting in April …

Japan to lower FY2025 GDP growth estimate due to US tariffs, Nikkei says Read More »

French services sector contracts in July as political uncertainty weighs – PMI

5 Aug 2025

PARIS (Reuters) -France’s services sector contracted at a faster pace in July, with political uncertainty and weak demand weighing heavily on business sentiment, an S&P Global survey showed on Tuesday. The HCOB France Services PMI, which measures changes in business activity compared to the previous month, fell to 48.5 in July from 49.6 in June, …

French services sector contracts in July as political uncertainty weighs – PMI Read More »

South Africa’s private sector grows in July but cost pressures rise, PMI shows

5 Aug 2025

JOHANNESBURG, August 5 (Reuters) -South Africa’s private sector expanded slightly in July marking the third consecutive month of growth helped by renewed sales growth and sustained employment increases, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 50.3 in July from 50.1 in June, S&P Global reported. Readings …

South Africa’s private sector grows in July but cost pressures rise, PMI shows Read More »

UAE non-oil business growth slows amid geopolitical tensions, PMI shows

5 Aug 2025

(Reuters) -Growth in the United Arab Emirates’ non-oil business sector slowed to its weakest pace in more than four years in July, as geopolitical tensions weighed on demand, a survey showed on Tuesday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) fell to 52.9 in July from 53.5 in June, marking its lowest …

UAE non-oil business growth slows amid geopolitical tensions, PMI shows Read More »

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