LONDON (Reuters) – The euro zone economy ended 2024 in a fragile state, according a survey which showed overall activity contracted for a second straight month in December as a modest recovery in the services industry failed to offset a deeper downturn in manufacturing. HCOB’s final composite Purchasing Managers’ Index for the bloc, compiled by …
Euro zone economy ended 2024 in precarious state, PMI shows Read More »
FRANKFURT (Reuters) – The euro zone labour market’s exceptional resilience is unlikely to last as the one-off factors driving its strength are waning, although there is also no dramatic weakening on the horizon, European Central Bank research showed on Monday. Unemployment is at a record low 6.3% as firms continue to hire, a puzzle to …
Euro zone labour market’s exceptional run may be over, ECB study finds Read More »
LONDON (Reuters) -The first full trading week of 2025 brings key U.S. jobs data as well as Chinese and euro zone inflation numbers. These come against a backdrop of unease over the U.S. interest rate outlook and potential for policy surprises under U.S. President-elect Donald Trump, with the euro and Chinese yuan already kicking off …
By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand’s central bank is ready to adjust monetary policy if the outlook changes as the economy is facing heightened uncertainty over geopolitical issues and the economic policies of major trading partners, officials said on Monday. Monetary policy will depend on the economic outlook, while data will be …
Thai central bank says it is ready to adjust rates if outlook shifts Read More »
By Shaloo Shrivastava BENGALURU (Reuters) – India’s dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December, while inflationary pressures eased, a survey showed. The HSBC final India Services Purchasing Managers’ Index, compiled by S&P Global, rose to 59.3 in …
India’s services sector ended 2024 on a strong footing, PMI shows Read More »
DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector expanded at its fastest pace in nine months in December, driven by strong demand and increased business activity, a survey showed on Monday. The seasonally adjusted S&P Global UAE Purchasing Managers’ Index (PMI) rose to 55.4 in December from 54.2 in November, remaining well above …
UAE non-oil business activity growth picks up in December, PMI shows Read More »
BANGKOK (Reuters) – Thailand inflation rate returned to the target range for the first time since May last year, lifted by higher energy and food prices, the commerce ministry said on Monday. Thai headline consumer price index rose 1.23% in December from a year earlier, within the central bank’s target of 1% to 3%, after …
Thai inflation returns to target range for first time in 7 months Read More »
By David Milliken LONDON (Reuters) – British companies are the gloomiest since former Prime Minister Liz Truss’ September 2022 “mini-budget”, following unexpectedly large tax increases in the new Labour government’s Oct. 30 budget, a business survey showed. The British Chambers of Commerce, who conduct the largest private-sector survey of British firms, said businesses were the …
UK business morale hits two-year low after tax rises, survey shows Read More »
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel is expected to leave short-term interest rates unchanged for an eighth straight policy meeting this week, although analysts believe a rate cut at the subsequent meeting in late February is possible should inflation pressures ease. Of the 13 economists polled by Reuters, 12 said they …
Bank of Israel to hold rates this week but cut possible in February – Reuters Poll Read More »
(Reuters) – Strong demand drove growth in Saudi Arabia’s non-oil business sector in December, albeit at a slightly slower pace than the previous month, a survey showed on Sunday. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) fell to 58.4 in December from a 17-month high of 59.0 in November. Despite the …
Saudi Arabia’s non-oil private sector keeps growing solidly in December, PMI shows Read More »
