WARSAW (Reuters) – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an uncertain economic outlook and high inflation. S&P Global’s Polish Manufacturing Purchasing Managers’ Index (PMI) fell to 42.1 in July from 44.4 in June, below the 50.0 line that separates …
Polish manufacturing slump deepens as output plunges -PMI Read More »
ISTANBUL (Reuters) – The Turkish manufacturing sector contracted for a fifth consecutive month in July as weakening demand, market uncertainty and price pressures all played a role in moderating output, a business survey showed on Monday. Turkey’s Purchasing Managers’ Index (PMI) for manufacturing stood at 46.9 in July, down from 48.1 in June, according to …
Turkish manufacturing activity contracts for fifth straight month in July-PMI Read More »
(Reuters) -Britain and Australia may opt for 50 basis-point rate hikes in coming days, given the high risk that markets will punish any central bank that hesitates to crack down on multi-decade high inflation. But policymakers must also contend with cooling economies, with U.S. post-COVID job creation possibly topping out and a gas supply crunch …
BERLIN (Reuters) -German retailers ended the first half of 2022 with the sharpest year-on-year sales drop in nearly three decades, as inflation, the Ukraine war and the coronavirus pandemic take their toll, data showed on Monday. Retail sales in June decreased 8.8% in real terms compared with the same month last year, the biggest drop …
German retail sales post biggest year-on-year slump since 1994 Read More »
By Gayatri Suroyo and Rachel Savage JAKARTA/LONDON (Reuters) -Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as “clearing the way” for a $1.4 billion Fund programme. The creditor committee, co-chaired by China and France, said in a statement released by G20 chair …
Zambia debt relief pledge clears way for $1.4 billion programme, says IMF Read More »
By Lucila Sigal BUENOS AIRES (Reuters) – Argentina’s incoming economy chief, the crisis-racked country’s third in a less than a month, may be its last best chance to right a sinking ship, or at least avoid further deterioration ahead of a high-stakes election next year. A Thursday cabinet reshuffle engineered by President Alberto Fernandez followed …
Analysis-Same dire problems, new chief: Can Argentina solve economy riddle? Read More »
SAN JOSE (Reuters) -Costa Rica’s central bank sees gross domestic product growing by 3.2% next year, down from 3.9% previously estimated, citing international factors for the revised forecast, the bank said in a statement on Friday. The bank’s growth forecast for 2022 remains steady at 3.4%. At a news conference, central bank President Roger Madrigal …
Costa Rica’s central bank trims economic growth forecast for 2023 Read More »
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) – Argentina’s international bonds rose on Friday but remain near historic lows after President Alberto Fernandez’s launched a “superministry” designed to coordinate economic policy, though analysts warned of uncertainties. Fernandez appointed veteran politician Sergio Massa, who heads the lower house of Congress for the ruling …
Argentina ‘superministry’ launch lifts bonds, but uncertainty lingers Read More »
ROME, July 29 (Reuters) – Italy’s economy grew 1.0% in the second quarter of the year from the previous three months, preliminary data showed on Friday, a stronger-than-expected reading and despite the headwinds created by the war in Ukraine. On a year-on-year basis, second quarter gross domestic product in the euro zone’s third largest economy …
Italy’s economy grew faster than expected in Q2, +1.0% q/q, +4.6% y/y -ISTAT Read More »
BERLIN (Reuters) – German unemployment rose more than expected in July, Labour Office figures showed on Friday, as Ukrainian refugees looking for work in Germany are being registered by officials. The Federal Labour Office said the number of people out of work grew by 48,000 in seasonally adjusted terms to 2.463 million. Analysts polled by …
German unemployment rises in July as Ukrainian refugees look for work Read More »
