Reuters US Economy

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japan’s average minimum wage is set to rise at a record pace this year, the government said on Tuesday, a positive development for Prime Minister Fumio Kishida’s efforts to cushion households from global commodity inflation. The health ministry formally approved a recommendation by its sub-committee that the …

Japan’s planned record minimum wage hike opens path to sustained GDP growth Read More »

By Elizabeth Dilts Marshall NEW YORK (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure. Generation Z consumers and those with low credit scores are falling behind on credit card and auto loan bills and accumulating credit card debt at …

Inflation begins to strain finances of young, low-income Americans Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to a two-year low, suggesting inflation has probably peaked. While the Institute for Supply Management survey on Monday showed a …

U.S. manufacturing slows modestly; excess inventories a major concern Read More »

By Patturaja Murugaboopathy (Reuters) – Global thematic funds are facing heavy outflows this year as investors’ fascination fade with such assets, most of which are closely correlated with economic growth. Investors had piled into such funds over the past couple of years as they allocated money to high-growth sectors and stocks tied to trending themes …

Global thematic funds see big outflows as growth stocks falter Read More »

By Lucia Mutikani WASHINGTON(Reuters) -U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to a two-year low, suggesting inflation has probably peaked. While the Institute for Supply Management survey on Monday showed a measure of …

U.S. manufacturing slows modestly; excess inventories weigh on new orders Read More »

(Reuters) – Several U.S. companies are expecting an economic downturn by the end of 2023, prompting their top executives to make recession a key topic of discussion during quarterly earnings calls. Inflation as indicated by the personal consumption expenditures price index, the U.S. Federal Reserve’s preferred measure, recorded its steepest increase since 1982 in June, …

Factbox: Recession fears creep into corporate America as growth slows Read More »

PARIS (Reuters) – French manufacturing activity contracted in July by a bit more than initially forecast, according to a monthly survey, highlighting the inflationary pressures on the euro zone’s second-biggest economy. Data compiler S&P Global said its final manufacturing purchasing managers’ index (PMI) fell to 49.5 points from 51.4 in June. Any reading below the …

French manufacturing contracted in July by more than first thought-PMI Read More »

ROME (Reuters) – Italy’s manufacturing sector contracted in July for the first time in more than two years, a survey showed on Monday, amid a sharp decline in factory production. The S&P Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 48.5, down from 50.9 the month before and below the 50 mark …

Italy manufacturing sector contracts in July -PMI Read More »

MADRID (Reuters) – Factory activity in Spain contracted in July for the first time in a year and a half as inflationary pressures and macroeconomic uncertainty weighed on demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing fell to 48.7 in July, down from 52.6 in June, according to the …

Spanish July factory activity contracts most since 2020 lockdown-PMI Read More »