(Reuters) -Egypt’s non-oil private sector showed signs of stabilisation in July, with employment rising for the first time in nine months and a softer decline in output and new orders, according to the latest S&P Global Egypt PMI report. The headline PMI rose to 49.5 in July from 48.8 in June, remaining below the 50.0 …
Egypt’s non-oil sector shows signs of stability as PMI nears growth threshold Read More »
(Reuters) -Saudi Arabia’s non-oil private sector expanded robustly in July, albeit at a slower pace than the previous month, as job creation surged in response to strong domestic demand, the Riyad Bank Purchasing Managers Index report showed on Tuesday. The headline PMI reading fell to 56.3 in July from 57.2 in June, remaining well above …
Saudi non-oil private sector adds jobs despite easing output growth – PMI Read More »
SYDNEY (Reuters) -Australian household spending rose modestly in June as a rush for cars and electronics was offset by a slump in services, showing lower borrowing costs and higher real incomes are only slowly flowing into the broader economy. Tuesday’s data from the Australian Bureau of Statistics showed its monthly household spending indicator (MHSI) rose …
Australia household spending up modestly in June as services sputter Read More »
BEIJING (Reuters) -China’s services activity expanded at its fastest pace in 14 months in July, fuelled by stronger demand, including a rise in new export orders, a private-sector survey showed on Tuesday. The S&P Global China General Services PMI rose to 52.6 in July from 50.6 the previous month, marking the fastest pace since May …
China’s services activity growth hits 14-month high in July, S&P PMI shows Read More »
BRASILIA (Reuters) -Brazil’s benchmark interest rate of 15% is overly restrictive and there is room to reconsider the timing of monetary easing, Finance Minister Fernando Haddad said on Monday. “The current level is more restrictive than necessary,” Haddad told BandNews TV. “There is room today to rethink the trajectory of the rate-cutting cycle.” Policymakers paused …
Brazil interest rate overly restrictive, room for earlier cuts, minister says Read More »
MEXICO CITY (Reuters) -Mexico’s headline inflation likely slowed in July, although the core index likely remained above the official target, supporting expectations the central bank will slow its pace of interest rate cuts later this week, Reuters poll showed on Monday. The median estimate from 13 analysts forecast headline inflation of 3.53% in the 12 …
(Reuters) -The revisions to previous estimates of the size of U.S. payrolls gains for May and June that prompted President Donald Trump to fire Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday were by any measure extraordinarily large. Indeed, the combined downward revision for the two months of 258,000 was the largest – outside …
The jobs data revisions that cost a US government statistician her job Read More »
ISTANBUL (Reuters) -Turkish annual consumer price inflation dipped more than expected to 33.52% in July, official data showed on Monday, sustaining a downward trend despite strong rises in housing and education sector prices. Month-on-month, inflation was 2.06%, the Turkish Statistical Institute said, below forecasts. In June, CPI inflation was 1.37% monthly and 35.05% annually. In …
Turkey inflation falls to 33.52% in July, below forecast Read More »
By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Monday the government is ready to compile an extra budget to cushion the economic blow from U.S. tariffs, a move that would add strain to the country’s already worsening finances. After suffering a stinging defeat in last month’s upper house election, Ishiba’s minority …
Japan ready to compile extra budget to cushion US tariff blow, PM Ishiba says Read More »
By Rahul Trivedi BENGALURU (Reuters) -Indonesia’s economy likely grew at its slowest pace in nearly four years last quarter as weak household spending weighed on overall growth and offset a boost from exports, according to a Reuters poll of economists. Southeast Asia’s largest economy likely grew 4.80% in the April-June quarter from a year earlier, …
Indonesia’s economic growth likely slowed again in Q2 Read More »
