BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in more than three years in June, with both output and new orders falling, a survey showed on Monday. The HCOB final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, fell to 40.6 from 43.2 in May, …
German manufacturing shrinks in June as demand weakens-PMI Read More »
PARIS (Reuters) – France’s manufacturing sector continued contracting in June, according to a monthly survey, although the decline was not quite as bad as initially estimated. HCOB’s final Purchasing Managers Index (PMI) for the French manufacturing sector in June, as compiled by S&P Global, came in at 46.0 points. Any figure below 50 points signifies …
French manufacturing’s June contraction not as bad as first forecast -PMI Read More »
ROME (Reuters) – Italy’s manufacturing sector contracted in June at the steepest rate in over three years, a survey showed on Monday, signalling a recession ahead unless buoyant services can prop up the euro zone’s third largest economy. The HCOB Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 43.8, down from 45.9 …
Italy’s manufacturing shrinks at steepest rate since COVID lockdowns – PMI Read More »
By John Revill ZURICH (Reuters) – Swiss inflation dipped to 1.7% in June, the government said on Monday, although economists expect the Swiss National Bank to stay its course and raise interest rates at least one more time. The year-on-year increase in consumer prices reported by the Federal Statistics Office was below the 2.2% rate …
Swiss inflation dips to 1.7% in June, but rate hike still expected Read More »
LONDON (Reuters) -The July 4 holiday in the United States may well bring a quiet start to the week for world markets. But don’t bet on it. China and Japan are worried about currency weakness, meaning investors are alert for signs of action from authorities. Australia’s central bank meets and the most closely-watched U.S. economic …
MADRID (Reuters) – Factory activity in Spain contracted for the fourth consecutive month in June even though the spending of European Union rescue funds had a positive effect on capital goods, a survey showed on Monday. The HCOB Purchasing Managers’ Index (PMI) for manufacturing compiled by S&P Global fell to 48.0 from 48.4 in May. …
Spanish factory output contracts in June for the fourth consecutive month – PMI Read More »
By Leika Kihara TOKYO (Reuters) -Asia’s factory activity slumped in June, business surveys showed on Monday, as sluggish demand in China and advanced nations clouded the outlook for the region’s exporters. While manufacturing activity expanded marginally in China, it contracted in powerhouses Japan and South Korea as Asia’s fragile economic recovery struggled to maintain momentum. …
Asia’s factory output slumps as weak China demand weighs Read More »
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economic slumped 4.2% in April from a year earlier, the country’s official INDEC statistics agency said on Friday, the worst drop since October 2020 and far lower than the 1.5% decline forecast by analysts as farming production slid. The South American nation is the world’s top exporter …
Argentina economic activity slumps 4.2% in April as drought hit farming Read More »
By Rodrigo Campos and Jorge Otaola NEW YORK/BUENOS AIRES (Reuters) -The International Monetary Fund said on Friday that Argentina is current in its payment obligations, after the government said it made a $2.7 billion payment to the fund using its existing stock of the IMF’s reserve assets, and Chinese currency. A spokesperson for Argentina’s economy …
Argentina makes IMF payment as deal talks grind on Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stocks rally is cruising into a month that has proven strong in recent years, though equities must navigate employment data and an earnings season that could be precarious, with the Federal Reserve bent on raising U.S. interest rates. The S&P 500 defied recession fears and a U.S. …
After first-half rally, stocks’ July winning streak on the line Read More »
