gdp
Top StoriesUK Factory Output Slows, Price Pressures Come Off Peak – Cbi
Top StoriesGermany on Cusp of Recession, Says Ifo, as Business Sentiment Sinks
InvestingEuropean Shares Slip Amid Growth Worries
Top StoriesWildfires: Europe’s Latest Economic Headache
Europe’s High-Spending Tourists Set to Lift French Luxury Sales in Q2
Date: July 22, 2022
By Mimosa Spencer PARIS (Reuters) – Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucci-owner Kering and Hermes, helping to offset the impact of disruptions in China from COVID-19 restrictions. High-end French and Italian fashion houses have been riding a wave of strong, post-pandemic demand for...
Slowdown and Cooling Prices Could Ease Rate Hike Pressure on BoE – PMI
Date: July 22, 2022
By William Schomberg LONDON (Reuters) -Britain’s businesses grew at their slowest pace in 17 months in July and inflation pressures eased, according to an industry survey that might reduce pressure on the Bank of England to deliver a bigger-than-usual interest rate hike next month. The preliminary version of the S&P Global’s Purchasing Managers’ Index (PMI),...
Euro Zone Business Activity Contracted in July as Price Rises Bite – PMI
Date: July 22, 2022
LONDON (Reuters) – Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a near-stalling of service sector growth as burgeoning costs pushed consumers to cut back on expenditure, a survey showed. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic health,...
ECB Survey Sees Rise in Short- and Long-Term Inflation Exactions
Date: July 22, 2022
FRANKFURT (Reuters) – Euro zone inflation is set to be higher than forecast just a few months ago and even longer-term expectations are moving above the European Central Bank’s 2% target, a fresh ECB survey showed on Friday. Fearing that runaway inflation could get out of control, the ECB raised rates by a bigger-than-expected 50...
France Sees Slower Growth Stalling Deficit Reduction in 2023
Date: July 21, 2022
PARIS (Reuters) – French economic growth will slow sharply next year in the face of mounting geopolitical risks, pushing back improvement in the public sector budget deficit until afterwards, the Finance Ministry said on Thursday. Updating its long-term forecasts, the ministry said growth in the euro zone’s second-biggest economy was now expected to slow from...
EU Says Full Russian Gas Halt Would Slash GDP
Date: July 20, 2022
By Kate Abnett BRUSSELS (Reuters) – A full cut-off of Russian gas supplies to Europe, combined with a cold winter, could reduce average EU gross domestic product by up to 1.5% if countries do not prepare in advance, the European Commission said on Wednesday. The European Union executive proposed a voluntary target for member states...