By William Schomberg LONDON (Reuters) – British factories reported another tough month in January as output, new orders and employment all fell, with companies hit by higher costs even before payroll taxes and the minimum wage go up in April, a survey showed on Monday. In a latest sign of an economic slowdown ahead of …
UK factory activity contracts for fourth straight month in January, PMI shows Read More »
FRANKFURT (Reuters) – European Central Bank interest rates have room to fall further given weak growth and a slowdown in inflation, but uncertainty is so high that any more precise guidance on rates would be unrealistic, Slovak policymaker Peter Kazimir said on Monday. The ECB lowered borrowing costs for the fourth straight meeting last Thursday …
ECB ‘not quite there’ with rate cuts but cautious flexibility needed, Kazimir says Read More »
JOHANNESBURG (Reuters) – South African manufacturers reported a deterioration in business conditions for the third month in a row in January, a local purchasing managers’ index (PMI) survey showed on Monday. The seasonally-adjusted PMI sponsored by South African bank Absa slipped to 45.3 points in January from 46.2 in December, falling further below the 50-point …
South African factory conditions worsen for third straight month, Absa PMI shows Read More »
ANKARA (Reuters) -Turkey’s monthly inflation rate climbed more than expected to 5.03% in January due to a minimum wage hike and several new-year price updates while annual inflation fell to 42.12%, data showed on Monday. The monthly rise in the consumer price index (CPI) was above the 4.35% forecast in a Reuters poll, and up …
Turkish inflation rate up at 5.03% in January after price adjustments Read More »
PARIS (Reuters) -Trade tariffs imposed by U.S. President Donald Trump will increase economic uncertainty, French central bank governor Francois Villeroy de Galhau said on Monday. “Looking at the economic news, there are some rather positive elements, there is a recovery of purchasing power … however, the decision of Mr. Trump to impose strong tariffs will …
ECB’s Villeroy says Trump tariffs will increase economic uncertainty Read More »
(Reuters) – U.S. President Donald Trump’s sweeping tariffs on Mexico, Canada and China over the weekend, impending U.S. jobs data and assessment of the new AI landscape ahead of major tech firms’ corporate results set the tone for financial markets. The Bank of England has an interest rate decision, and European lenders will also publish …
ISTANBUL (Reuters) – Turkey’s manufacturing sector contracted at a sharper pace in January as output, new orders, and employment all fell, a business survey showed on Monday. The Purchasing Managers’ Index (PMI) fell to 48 last month from 49.1 in December, falling further below the 50.0 threshold denoting growth, according to the survey by the …
Turkey’s manufacturing sector contracts further in January, PMI shows Read More »
TOKYO (Reuters) – Japan’s Economy Minister Ryosei Akazawa said on Monday the country’s underlying inflation was approaching 2%, a goal that is included in the government’s joint statement with the central bank aimed at coordinating policy to beat economic stagnation. Speaking in parliament, Akazawa also said households face even higher inflation that is driven more …
Japan’s underlying inflation approaching 2%, economy minister says Read More »
BENGALURU (Reuters) – India’s factory activity started 2025 on a positive note, growing at the quickest pace in six months in January largely buoyed by resilient demand and strong output, a private survey showed on Monday, encouraging firms to hire at a record rate. That could bring a sigh of relief for Asia’s third-largest economy, …
India’s January factory activity growth hit six-month high, PMI shows Read More »
ISTANBUL (Reuters) -Turkey’s monthly inflation rate is expected to rise sharply to 4.35% in January, driven by an annual hike in the minimum wage and various new year price adjustments, while the annual rate is seen slowing further, a Reuters poll showed on Wednesday. The median estimate of 10 economists sees annual inflation declining to …
Turkey monthly inflation to accelerate in January, annual rate seen slowing to 41.25% Read More »
