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Top StoriesTourism Revenues on the Mend in Mediterranean Countries
Top StoriesForeign Tourism to Spain Jumps in August, Remains Below Pre-Pandemic Level
Top StoriesItaly Forecasts Recession as Meloni Seeks Economy Minister
Top StoriesGreek Economic Rebound to Slow Next Year as Energy Costs Curb Growth- Draft Budget
Euro Zone Factory Activity Declined Again in Sept as Energy Bills Bite -PMI
Date: October 3, 2022
LONDON (Reuters) – Manufacturing activity across the euro zone declined further last month as a growing cost of living crisis kept consumers wary while soaring energy bills limited production, a survey showed on Monday. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to a 27-month low of 48.4 in September from August’s 49.6, just...
Factbox-The UK’s Top Tax Rate – What Is It and Why Does It Matter?
Date: October 3, 2022
LONDON (Reuters) – British finance minister Kwasi Kwarteng on Monday abruptly dropped his plan to eliminate the top rate of income tax, part of his Sept. 23 “mini budget” that triggered a rout of sterling and government bonds in financial markets. Following are some key points about the 45% tax rate. WHEN WAS IT INTRODUCED?...
World Factory Activity Weakens on Global Slowdown, Cost Pressures
Date: October 3, 2022
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Global factory output mostly weakened in September as slowing demand added to the pain from persistent cost pressures and tighter monetary policy, surveys showed on Monday, diminishing economic recovery prospects. The data clouds the outlook for a sustained recovery from the COVID-19 pandemic and could add to...
Central Europe’s Manufacturing Strain Reaches Hungary
Date: October 3, 2022
By Jason Hovet and Gergely Szakacs (Reuters) -Hungary’s manufacturing activity shrank for the first time in 17 months in September, a survey showed on Monday, and output kept falling in the Czech Republic and Poland as high inflation and soaring energy costs sharpened their impact in central Europe. Hungary joined its central European peers in...
German Manufacturing Shrinks in Sept as New Orders Slump – PMI
Date: October 3, 2022
BERLIN (Reuters) – German manufacturing activity contracted for a third month in a row in September, hurt by a deepening downturn in new orders as the soaring cost of energy set off alarm bells about the outlook for business, a survey showed on Monday. S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts...
Italy Manufacturing Activity Contracts for 3rd Month Running – PMI
Date: October 3, 2022
ROME (Reuters) – Italy’s manufacturing sector contracted for a third month running in September, a survey showed on Monday, with inflationary pressures and uncertainty over the economy hitting order volumes. The S&P Global Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 48.3, slightly up from 48.0 the month before but below the 50...