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Top StoriesSpain August Final 12-month Inflation at 10.5%
Top StoriesSterling Falls to Weakest Since Early 2021 Against Euro
Top StoriesFour European Countries Call for Special Treatment of Defence in EU Debt Rules – Document
Top StoriesRussia’s Largest Lender Sberbank on Track to Profitability, Says CEO
Germany Heading for Recession Despite New Relief Plan – Economists
Date: September 6, 2022
BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros ($64.49 billion) on shielding energy customers and businesses from soaring inflation, economists say. The latest package brings to 95 billion euros the amount allocated to inflation-busting since the Ukraine war...
Euro Zone Business Activity Contracted Again in August -PMI
Date: September 5, 2022
LONDON (Reuters) – Euro zone business activity contracted for a second month in August as demand sank, with customers wary of the deepening cost of living crisis and gloomy economic outlook curtailing their purchases, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a guide to economic health, fell to an...
Euro Zone Economy Faces Growing Risk of Recession, Survey Shows
Date: September 2, 2022
By Jonathan Cable LONDON (Reuters) – Manufacturing activity across the euro zone declined again last month as consumers feeling the pinch from a deepening cost of living crisis cut spending, a survey showed on Thursday, providing more evidence of the growing risk of recession. The downbeat survey comes just a week before the European Central...
UK Factories Suffer Worst Month Since May 2020 as Economy Stumbles – PMI
Date: September 1, 2022
LONDON (Reuters) – British manufacturing output and new orders fell by the most in more than two years in August in the face of deepening uncertainty about surging inflation and the risk of recession at home and abroad, a survey showed on Thursday. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) dropped to 47.3...
Foreign Tourism to Portugal Surpasses pre-COVID Levels in July
Date: August 31, 2022
LISBON (Reuters) – The number of foreign tourists visiting Portugal slightly surpassed pre-pandemic levels in July for the first time since the end of most COVID-19 restrictions, data from the National Statistics Institute (INE) showed on Wednesday. More than 1.8 million foreigners stayed in Portuguese hotels last month, up from around 600,000 a year ago,...
Turkey’s Economy Grew 7.6% in Q2 Driven by Domestic Demand, Exports
Date: August 31, 2022
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL (Reuters) – Turkey’s economy grew 7.6% year-on-year in the second quarter as expected, extending a hot streak on strong domestic demand and exports, according to data on Wednesday, though economic activity was seen slowing through year end as demand cools. Gross domestic product (GDP) expanded 2.1% compared with...