Reuters US Economy

Japan’s services sector sustains solid growth in November, PMI shows

TOKYO, Dec 3 (Reuters) – Japan’s services sector activity continued its steady growth in November, driven by a faster rise in new orders and increased business confidence, a private-sector survey showed on Wednesday. The S&P Global final Japan Services Purchasing Managers’ Index (PMI) edged up to 53.2 in November from 53.1 in October, staying above …

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Australia’s economy likely already bumping up against speed limits, top central banker says

By Peter Hobson and Stella Qiu CANBERRA/SYDNEY, Dec 3 (Reuters) – Australia’s top central banker said on Wednesday the economy was likely already at its potential growth limit and, should inflation turn out to be more persistent than expected, that would have implications for interest rates. Speaking before lawmakers, Reserve Bank of Australia Governor Michele …

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Russia’s Putin says output fall in some sectors not acceptable

MOSCOW, Dec 2 (Reuters) – Russian President Vladimir Putin said on Tuesday that a fall in output in some sectors of the economy was not acceptable, and a transition to balanced growth remained a goal for the government and the central bank. Speaking at an annual “Russia Calling” investment event, Putin said economic growth was …

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Fed’s Collins warns fragmented global economy could push up inflation 

By Michael S. Derby BOSTON (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Friday that a retreat from an integrated global economy could complicate the central bank’s work and push up price pressures. A shift toward “economic fragmentation” could “usher in a transitional period of inflationary pressures,” Collins said in the text of …

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Brazil’s economy predicted to have expanded modestly in third quarter: Reuters Poll

By Gabriel Burin BUENOS AIRES, Dec 2 (Reuters) – Brazil’s economy is predicted to have expanded modestly in the third quarter, weighed down by a seasonal drop in agricultural output, a Reuters poll showed. Gross Domestic Product probably increased 0.2% in the July-September period, according to the median estimate of 23 economists polled between November …

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Euro zone inflation practically at target, ECB’s Nagel says

FRANKFURT, Dec 2 (Reuters) – Inflation in the euro zone is practically at the European Central Bank’s 2% target and will fluctuate around it despite a tariff-induced price rise in the United States, ECB policymaker Joachim Nagel said in an interview published on Tuesday. Inflation in the 20 nations sharing the euro accelerated to 2.2% …

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Australia’s government spending likely boosted Q3 economic growth

SYDNEY, Dec 2 (Reuters) – Australia’s government spending jumped in the third quarter to add to a long-awaited rebound in business investment, setting the stage for a solid economic performance. Data on Tuesday from the Australian Bureau of Statistics showed government spending added 0.4 percentage points to gross domestic product (GDP) in the September quarter, …

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