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Top StoriesGerman Minister Makes Budget Concession in Bid to Save Coalition
TradingEuro Zone Investor Morale Slightly Up, but ‘turnaround Looks Different’
FinanceItaly’s Manufacturing Downturn Deepens in October, PMI Shows
Top StoriesFrench People Need to Work More to Boost Growth, Minister Says
Spanish Manufacturing Grows in October at Fastest Pace in More Than 2 Years, PMI Shows
Date: November 4, 2024
MADRID (Reuters) – Spanish manufacturing activity picked up again in October, showing its strongest growth in more than two years, with output, new orders and new hiring all rising, a survey showed on Monday. The HCOB Purchasing Managers’ Index (PMI) for Spain’s manufacturing sector, compiled by S&P Global, rose to 54.5 in October from 53.0...
Czech Central Bank Likely to Continue Rate Cuts, Analysts Say: Reuters Poll
Date: November 1, 2024
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to deliver an eighth straight interest rate cut next week as economic growth is expected to stay weak and inflation holds near target, a Reuters poll showed on Friday. The central bank has slowed the pace of the easing campaign it started...
UK Factory Activity Shrinks Slightly for First Time Since April, PMI Shows
Date: November 1, 2024
By David Milliken LONDON (Reuters) – British factory activity contracted very slightly last month for the first time since April, pushed lower by fewer new orders and a broader lack of optimism in the run-up to the Labour government’s first budget, a major survey showed on Friday. The S&P Global UK Manufacturing Purchasing Managers’ Index...
Swedish PMI Higher in October at 53.1 Points
Date: November 1, 2024
STOCKHOLM (Reuters) – Activity in Sweden’s manufacturing sector rose to 53.1 points in October from an upwardly revised 51.6 points the previous month, compilers Silf/Swedbank said on Friday. It was the third month in a row the index has been in the growth zone, defined as above 50 points. The sub-index for orders made the...
Global Economy Set to Cruise at a Solid 3% Growth Rate Next Year
Date: November 1, 2024
By Hari Kishan BENGALURU (Reuters) -Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists. Next week’s hotly-contested U.S. presidential election could limit the growth picture, however,...
Global Economy Set to Cruise at a Solid 3% Growth Rate Next Year
Date: October 31, 2024
By Hari Kishan BENGALURU (Reuters) -Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists. Next week’s hotly-contested U.S. presidential election could limit the growth picture, however,...