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Top StoriesUK Economy Shows No Growth in April – Ons
Top StoriesWorld Bank Says Global Growth Stabilizing but Well Below Pre-Pandemic Levels
Top StoriesGerman Industrial Orders Unexpectedly Fall in April
Top StoriesUK Services Firms Report Slower Growth and Weaker Inflation, PMI Shows
Euro Zone Business Activity Expands at Fastest Rate in a Year, PMI Shows
Date: June 5, 2024
Euro zone business activity expands at fastest rate in a year, PMI shows BENGALURU (Reuters) – Euro zone business activity expanded at its quickest rate in a year in May as growth in the bloc’s dominant services industry outpaced contraction in manufacturing, according to a private survey, which also showed price pressures easing. HCOB’s composite...
Morning Bid: Markets in Upbeat Mood as Factories Hum
Date: June 3, 2024
Morning Bid: Markets in upbeat mood as factories hum By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Share markets have started the week in a positive mood, helped in part by signs of accelerating factory activity across Asia where the private Caixin survey showed...
Euro Zone Manufacturing Sees Potential Signs of Recovery in May, PMI Shows
Date: June 3, 2024
Euro zone manufacturing sees potential signs of recovery in May, PMI shows LONDON (Reuters) – The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years, leading to improved business confidence. HCOB’s final euro zone manufacturing...
Downturn in German Manufacturing May Be Bottoming Out, PMI Shows
Date: June 3, 2024
Downturn in German manufacturing may be bottoming out, PMI shows BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, showed signs of bottoming out in May as output and new orders declined at a much slower pace than the month before, a survey showed on...
Asian Factory Activity Expands in May on Robust Global Demand
Date: June 3, 2024
Asian factory activity expands in May on robust global demand By Leika Kihara TOKYO (Reuters) -Asian factory activity expanded in May as manufacturers benefited from broadening global demand, private surveys showed on Monday, adding to hopes for sustained economic recovery in the region where China is showing early signs of a rebound. Manufacturing activity expanded...
German Retail Sales Fall More Than Expected in April
Date: May 31, 2024
German retail sales fall more than expected in April (Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes that consumer spending could give a much-needed boost to Europe’s largest economy. Analysts polled by Reuters had predicted a 0.1% decrease. Year on year, retails sales...